The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1912-09-27

hall tie debt due the agents was paid
from the last crop and with prices OBJ
tanned tlis year, even with the de-
crease III the crop, it was believed
would permit a material reduction in
the balance due agents.
Evidently trae conditions on the
plantation were whispered on the
street during Tuesday afternoon, Tor
there was drop in tire price and yes
terday at least three brokers ON change
were ready TO unload several thousand
shares, but refraintd from doing so,
fearing a stampede. During the SEES
sion shares were offered, but nothing
better than 5'A could be had. This was
refused. In the afternoon several
hundred shares were sold at 6, aud
some of the brokers felt that the price
would not go below, while Others were
willing to wager that the shares would
touch . before election.
Until the above statement was Sc
cured from the agents there was no in
clination on the part Of brokers to give
out the conditions-some of them
knew, but when asked, replied by
pointing an index finger to the office of
Bishop d Co., where Mr.. Bottomley was
seen. 1t is not thought there will be
any new life in the stock today. 1t is
a prophesy that if the price should
touch ) many will buy in order to
break even ON what they bought at a
much higher figure.
McBryde sold at without special
significance. The crop is all off for
the season and was not affected by the
drought. 0ther stocks were weak and
the absence of rain was convenient
weil-worn reason for any loss that may
have been incurred. Oahu sold at
81 IA but was weak and there is still
a belief that it win go lower, possibly
to %.
Consolidated Oil
A letter was received from Mr.. Ten
ney in which the condition of Honolulu
Consolidated Oil was dwelt upon at
length. The wells have been cleaned
and are flowing freely. The gas line
has been tested and it is probable the
gas will be flowing through it to Los
Angeles by October l,
Pinapple Loan.
Henry G. Ginaca, Louis A. Ginaca
and Camille Ginaca have given a mort.
gage of their pineapple lands, with all
the crops and equipments, at Pupukea-
Paulnalu, on this Island, to the Bank
of Hawaii, Ltd, for the consideration
of loan of $4,000 and the further con.
sideration of advances not to exceed AT
any one time $4,000.
The lands comprise lot 10, contain.
ing 1907 acres, held under right-of -pur.
chase lease by Louis A. Ginaca; lot ii,
containing 1879 acres, held under
patent by Henry G. Ginaca, and lot 10,
containing l40.S acres, held under
patent by Camille Ginaca. Crops of
pineapplos growing and TO be grown,
from 1912 to 1917, and Other crops are
included. ALTO buildings, tools. nipple.
ments, working horses and other live.
stock.
There is no particular significance in
the recording of this mortgage. The
crop last season was not up to the ex,
pectations of the owners of this the
most valuable individually -owned plan.
tation on the Islands, and there was not
much more than enough in the returns
to pay off the floating Indebtedness
When the balance was drawn another
borrow was the inevitable result Jus;
rs it was the year before. In the
mean time Ginaca Brothers have beer
putting larger area into pines and the
crop next season, unless all signs fail
will be the bumper crop of the planta
ton, which is located at PupuIea where
there is pleasant homestead and many