The Pacific commercial advertiser. [volume], June 28, 1902, Page 16, Image 16

About The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921

Image provided by: University of Hawaii at Manoa; Honolulu, HI

                
THE PACIFIC COMMERCTAE ADVERTISER. HONOLULU. JUNE 28, igo
26
Chas. F. Herrick Carriage Company, Ltd.
G. F. BERRIGK,
Manager.
PAUL It. ISENBERG.
President.
woti
i
1 here is nothing else anywhere so exclusive in style, design and finish
and nothing o' surh superior quality and workmanship as the COLUMBUS
BUliUY CO'S goods. Theirs are the accumulated result of more than
thirty jears of cmis'ant effort in this particular 1 ne. 'I bonsands of dealers
all over the country have built and maintain their business and their repu
tations on COLUMBUS BUOOY OO.'S vehicles. The name in kcown clear
around th world ani is accepted everywhere as a guarantee for superiority.
They build the highest grade ouly and they are THE WORLD'S BEST.
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On the day you celebrate, whether
it be the glorious Four h of July
or Coronation day don't forget that
when odering
Pommery
Champagne
you arc being served with a superior
art cle at the same cost as other
champagnes, f x notwithstanding Pom
mery is sold at a c nsiderabl y high
er figure per case than other wines, it
is generally retailed by hotels and
sal one at the same price.
I
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ees
mtm '
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vt ot
gat
mtt. 4L I
pr atff
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' admit .
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ELECTRICAL ENGINEER
Boom "'. Mclotyre Building
Phona Main 366
Telephone, Klectric Light and Power Systems
Installed.
Plantation Work a Specialty
m4
4
coral
I I
Sec. .
salt tm
Hi anf
m eNj
pe"
Atlon
art.
a ' 4
saa
mm4
Your Writing Paper
Yoa want the most correct tU'iooery n ooue end we
ean elHeeroa m to vait'i right. W keep abreast of th- tinae
aiwsr. The mm popaier paper for Iodic is Crane's Linen
Law n
bare it in lour sin Billet, Atori, Douglas and
Glad-tine Another standard is Grans Bo d parwr. We also
hav all vbrr kinds of fancy stationary and oir prices ere as
nabs as oar styles.
Hawaiian News Company, Ltd.
Ms rhirt "treef, on the way to the Post Office.
Our Great Reduction Sale
Closes Sstsrdsy. Jane Mth
LAST chance
HA I 8 HAT&HATS
8HIHT3H I KTSS KIHTS
K. I
mrvixv
Kins Strwt, nt to Ctt Cooke.
.
si Wines
OP THE
OsBtffornlsB Wlnory
from Orapsn grown in their own Vierd, and are
rtawi abaeiateiy free from .J.i2UrUon. The best Table M ines in
BOLTERS, WALORON CO., Ltd.
SOLE AGENTS.
M. McKechni
riHouse, Sign and Decorative Painting
Orai:;uT, Olasins, Paper Hanging and Tinting.
First-CAss Sign Work on Glass a Specialty.
COMMERCIAL NEWS.
UY OWENS
HONOLULU RAPID TRANSIT COMPANY stock and bonds filled a major
portion of the eyes of the brokers during; the week Oesptte the croak
Ins of some of those who could no see the benefits which were to follow
the Increase of the capital stock, the first trading- in the shares showed a sub
stantial advance. The stock dividend, doubling the first Issue of shares, made
It seem probable that the stock would show a decline when It began to
figure In the trading. But the reverse was true. As soon as the stock was
offered in small lota, the price went to 162.S0. and at that price 60 shares
sold. This means I13S upon the old stock basis, and Illustrates more forclby
than words could the effect upon the market wrought by the entrance of tho
company Into the business district, and the appearance of activity in the
opening of the streets. In addition to this showing; for the stock, there was
purchased $14,000 of the company's bonds at par ex dividends. This Is be
lle ed to be the first of the moves by the company to get into Its own hands
the minority of the bonds standing out for the purpose of refunding with the
new Issue. The bonds went to Insiders, and the idea is th.t there is a market
for all the outstanding securities of the company. There is little stock on the
market, one broker expressing the opinion that he could not find 100 shares
on an order, even at the 2ft per cent adva
Apart from this feature there seems to be little doing in the way of chang
ing quotations, because largely of the apathy which settles over the market.
There Is a maintenance of the status in Olaa. and the sales of the week show
So shares of the pal a and 223 of the assessable, the former at 19.76 and the
latter at 13 75. This rate ruled during ths close of last week, and there Is no
to believe that there will be any alt -ration soon, at least not until the
nt comes in sight.
Mi Hrvde fell off durlng'the week, on mly two sales from IS to $". there be
ta trades In 45 shares. Pioneer Mill seemed to lack support, for while the
week opened with one sale at SSS for 50 shares, a few days later, when there
was a block of nine ahares offered, there could be obtained only $S0 for it.
aad at that rate the week's market closed.
Kthel seems to have settled Into a half-price gait and moves steadlly
tbere, M share being transferred, the rate being S10. a decline of one-half
point since the last transaction in the stock. The reports from this plantation
continue to be fine, but there seems little demand for any stock Just now.
This Is shown by the fact that Kahuku has been offered at $23.00. which
shows a half loss. The reason for this Is hard to find, as the plantation is in
good shape and should do excellently If the present progress continues. Four
teen M'alalua sold at $&8 and Ave Ookaui brought the ruling price of $S. Ha
waiian Electric was strong at $87.50. and the only offering at that rate was 15
share.
Ewa continues to be the rock of the market. There has been no change
In the quotation for this stock for some weeks, and Its (inly alteration seems
to be In the readiness with which the small offering are taken. The week
Just passed has shown an Increased d. mind for Ewa. and the reports from
the plantation Indicate that there will be better crop taken this year thar.
usual. This has had the effect of makmic the stock stronger than for some
time past, and there would be no difficulty in disposing of a large block of
the shares at this time
The bond market shows little change. The only transactions during the
week Just past were the $16,000 of th Rapid Transit securities, and $4000
Oahu Railroad Company bonds, uhw h went at $104.50, the regular rate.
REAL ESTATE AND BUILDING.
The feature of the week In earth was the increased demand for Tantalus
lots and for small plots w'h or without houses. In the outskirts of the city.
There has been a growing jemand for the J '-'000 home recently and in some
sections, especially the valley suburbs, there has been a considerable return
to former valuations, which sent the prices buck where the small owner could
buy a lot. There have been a few of this kind of transactions during the
w-ek. but the outlook Is for further so-'tenlng of prices, which will be follow
ed. It Is believed, by sn Increased sale of the cottage homes of the outskirts.
Puunul and Nuuanu valley are favored spots for the small buyer, and
most of the brokers having lots there are of opinion that they have sales as
good as made. The prices which have obtained in other suburbs are takiiiK
the same course. There were three smul! sales at the foot of the Pacific
Heights hill during the week, snd some InqOtry is developing for lots high
er op and consequently more expensive.
On the Heights proper lumber Is bing hauk-d for th- proposed residence
of Archie Young. Plans are not completed, but it is understood that there
will be only slight chsnges over the form adopted by M. Phillips for hi
house on the Allen addition. Kewalo street, above Wilder awnue. It is also
believed that very soon Mr. Toung will put up a second house-on the Heights.
Another new home planned for that section Is one contemplated by James
McKce. the contractor, who will build c ! to the Nichols home.
The Phillips residence Is rapidly nearing completion, the belief being that
there will be not more than a month to elapse before the house Is ready for
It occupants. This is one of the prettiest of Dickey's recent efforts, and the
progress rand by Harrison In oulMIng it lius been n -..'. v. rem.trkaM-.-.
In the business section the f-.i(ure of the week has been the decision of
Pang Chong. the builder of the brick houses at the corner, or Beretauia and
Nuuanu streets, to finish them on the lines approved by the building Inspec
tor and :be Illshop Estute. The latter formed the only menace once the
fine had been paid, for under the lease Hie buildings had. to be nnst-etai In
every respect. Hy mutual agreement It was arranged that the reconstruction
of the buildings should be under the charge of Architect C. ,W. Dickey. The
pl rs will be torn down and reconstructs! by a haole bricklayer. There
rill be other chances, the principal om-s being that the mortar will be mlxeii
rlth some cement In It. and that lnt-.l .f the old m-"-' i b-. .i ,- k round ir
and used again, new sand will be add -d to the lime so as It insure a nerfect
rttlrg. It may be that the entire work will be done by wbito bricklayers.
The work of rutting back the buil.llnv mauka of the Mott-Smtth block
on upper Port street, to the line established by the street officials, has begun
ar.d will be rushed along rapidly. The building formerly occupied by the
Criterion saloon has been cut seven fl hack, so that It conforms to the bull
ding line. The barber shop next door will be removed back to the line, but
the blackwmtth shop will be cut down. There will be an additljn at the rear.
h"rvrr, which will give to the shop u feet more-spar- th in It no.v h.c-.
Vhen these three buildings are bark t the line then- will be a complete new
curb on tbe Waik'k! skis of upper Port street, except for the upptr corner.
where there still stands the high fence bounding the property owned as to
leas.- by Pr-d Harrison.
In front of the Catholic cathedral tiiere Is now beina erocteJ a nw iron
ftccc. huh will be continued down along the front of the convent ss well.
There Is little building being done, the only new downtown Mructurt? be
ing the Kaplolani building, the excavation for which is now going on.
Much progr-Mi being made with the buildings which are under con
struction, and from the appearance of the VVaify building- there will be many
elements of beauty In It. The ctechs building Is still waiting for glass, and its
occupancy will be delayed until the new pane have be-n fitted.
will pnonrcTioN of.-t;ar hk overdone?
The New York Evening; i'lwi. In a recent Issue. comnpr.Onr on the Pro
duction of sugar and Its probable future, shows that prior , 1890 the total
production of beet-sugar In this country was 12.01$ tons: in tSST the output
amounted to 37.&2S tins. In IS3S. with a total of nine factories in operation, the
production was ss.ass tons: In 1990 .h- number of fa.-'ortes had Increased
to St and the production of sugar to T SH4 tons, while In 1901 the number of
factories had Increased to snd the output to 1C8.000 tons. Of course, the
capacity of the plants Is greatly in earess of tbe sugar produced, because of
the fact that during the first year or two in the life of any new factory Kafir
are not enough beets planted by the farmers to hupply a factory to its full
capacity, u t-ks them a year or two to u.-t broken In. o that the po.olbl-
rapar.ty was something over 2SO.noo tons for the year 1SS1. . The consumption
during 1901 was 2.T72.31S tons. Of (his amount :.K(2.330 ton were impocted:
SSS.S00 tons from Cuba, most of the balance being beet-sugar from European
countries wo tnat if tn- pr.Mjuction of sugar-beets should be st mulate.1 t-n-
fld within the next ten years, and If this country in 1912 should produce
LSsS.StS tons of sugar, we should still by importing as much or more than we
are today because of the rapid Increase in consumption, caused by the In
crease of population and the tendvuey to use more sugar each year by our
population.
If free trade were given to ub.i th. I 'tilted States would still have to Im
port 1.000.000 tons of sugar from other ountries. on which duty would have
to be paid, so that with a consumption of 4.000.000 tons per annum, which is
the estimated amount required for this country ten years from now. should
the ore t -sugar Industry Increase tenfold and Cuba In.reaae threefold i
would require l.OuO.wuo tons of ougar from other countries to supply the de
mands of this country.
One thing must be taken Into consideration on that point, l.io. anri that
Is that there Is a disposition now in Germany to cut off the bounty of 2 onts
m Pound Which IS now paid bv the IT. V.-rr. merit to . ximrti m or unenr In tli..
ales. Thia would mean that the German crcp could not enter this
would mean that it would b necejuvary for the beet-sugar growers
to aliM again enlarge their works manv fold to keen ut with th.. .t..m .n
r thing must be taken into c nld. ration, and that is thit the con-
snmptlon of sugar per capita is gradually Increasing. In Great Britain It
cany rescued proportions of over 90
ltd States It has only reached CS po
her It Is not within th bounds f gj
n the United States will be overdone
Id require an Investment o ov t
nly the sugar required by the United State
much more In storage reservoirs to supply
Kill 1.
Gold
Wave
Refrigerators
We have just received our
new style Cold Wave Gurney
Cleanable Refrigerators with
beautiful white enameled pro
vision chambers.
You can see at a glance
whether this refrigerator is
clean or not.
The cost of these new Cold
Wae Goods is not ten per
cent over the regular zinc
lined Gurney.
We have them in all sizes
and tbey are sold on
easy terms.
very
W, W. 01 MONO & CO.
LIMITED.
Dealers In Crockery. Glass
nd House Furnishing Goods.
Sole agents for the celebrated
Jewel stoves and Gurney refrig
erate. 53. 55, 57
KING ST., HONOLULU.
M. R. COUNTER
Jeweler and
Silversmith.
REPAIRING A
SPECIALTY
Fine A assortment of
Hawaiian Jewelry..
Fort Street,
Love B'ldg.
Ha 31 1" Ice &
KrwTiiK Co.
Ice Delivered to any part of th
island orders promptly filled.
Hoffman & Markham
r4son Bine tlSl. p. o. Box SN
Office: Kewalo.
New Territory Restaurant
JUST OPENED
IK THH NEW BLTLDING OPPOSITE
Ml I U
LJM1TED.
in Stock and
Offer for Sale
P
and
B
ROOFING
BUILDING PAPER
PRESERVATIVE PAINT
BOILER AND STACK PAINT!
INSULATING COMPOUND
BRIDGE AND ROOF PAIN
tfj
tJ3
REFINED SUGARS,
Cube and Granulate.
PAINT OILS,
Lucol and Ldnsesd.
TEAM PIPF COVERING,
Reed's Patent Elastic SeetJea
Covering.
INDURINE,
Water-proof Cold Water Paixv
Inside and outside, In whit aad
oolors.
FILTER PRESS CLOTH
Linen and Jut,
CEMENT, LIME AND BRICKS
AGENTS FOB
CISTERN SUGAR REFINTTtfn
SAN FRANCISCO. CAL.
CO.
SALDWIN LOCOMOTIVE wrnvt
PHILADELPHIA. PA
JEWELL UNIVERSAL MILL CO..
aianuraciurers of National Cas
Skredder, New York.
PARAFFINS PAINT COMPaTsTT
Ban Francisco, CaL
)HLANDT A CO.,
San Francisco,
CaJ.
The Fountain
Ml WORKS, SHERIBAN ST.
Delivers to all parts of the city chem
ically pure and palatable distilled wa
ter for drinking purposes In 3-gaL den
at 10 cents per gallon.
DRINK
Distilled Water
And avoid kidney troubles and rhsa
matism. In the Eastern State ths
best physicians are treating kidney
complaints entirely with Just Buch wa
ter as I am offering you.
Ring Up 270
for water or pure soda made from this
water.
AM FRANCISCO. HONOLULU.
NEW YORK.
t S. Griobaoni & Go.
LIMITED.
uporters ioi
CoilHDlsSlOO
Mercbub
Sj
to each person, while In
jndn to each person; so that taken
ib.llty that tho product .on of
fr the nt 50 years anyway.
O.OO.OOO In factories alone to sup-
and an Investment of fully as
WSJSSff for the amount of ground
761 Alakea Street.
Z P.O. EaW2-
Telephone Main 62.
nci vsary to raise tne amount of b a . -. l --j f..r th- capacity of th- work
so that there Is very little probability that any irson living today will live
long enough to see th United States raise sufficient sugar for Its own con
sumption. As a matter of fact. It is exceedingly doubtful If the Increase in
pn luctlon will much more than keep pace with the Increase In consumption.
CLUB STABLES.
tfeais ZS. Tickets,
Everything Flrst-clasa
MM.
S. 0. YEE HGP & CO
KAHlKIM'l HRAT MAKKIi.1
And (irooery.
FRUITS AND VEGETABLES
Beretania Street, corner Alakea.
Phase Blue S511.
SOLE AGENTS FOR
BLANCHE BATES 5o
CIGAR.
PHILADELPHIA UNDERWRITERS.
4KITISH AMERICAN ASSURANCE
COMPANY, of Toronto, Ontario.
opeczai attention given
cnt of Coffee and Rice.
to con ij-j
REMOVED
WMANEXCHANGE
Hotel St., Arlington Annex.
an tn A. A. Montano's Millinery Parlor.
Read the Daily Advertiser;
per month.
75 cent
s
r