The Hawaiian gazette., 1899-06-30
HCy klla NHi Vas nsElHi
DTyl d Sll
4 CASE Q: nAHpulIIos
ess coo shsr-es as-S-- Uses D, 40.
eohe ope~.re-s = oeS. to Bee
-rocs-O - :, tt.ru-
sFrm Eelu4-a.y-s Advertise,

immediately z.tsr the closing % the
-sosD6 8ssrE - tn EIozoluiu Stock
Eozdhs1le. resr-'tfT tksF~ ~as a sale
q Ess6 sslHres q Elhsi AZ SO PER share.
uhlis osus5oesz-sa1 = the exact amount
ps5< n sa,E the s@EI@r is loser stamps
ant i1.er-ss ca kts r1oaeT. Seller was
oaDe - rihe orSsfnzI Subscribers
u is sTrrsm<ly d0ab,fuI IL any more
kaosf 70 ss51 az Sc Bat il i the ex-
p.sszxzBs1 q ths hear hui 10 buy today
a. Sc AIT eE@l 49,
There WI ~ interruption today Of
>s1se g zh@ assls@sr nIanipularions ever
u1sSsrxEez o. any stock market and
uhse d-rsr a. - magnitude 80 far und-
S--xsseu k@re
The aSu1psass q the market will be
veil EEs.@rstOo,i and the ease with
sh6ef. q ssh%lle fOE rise or fan may be
eaxfn@srsf viii be- apparent when It is
state. thSr Efhei has been forced from
tIs share 20 SO BY the Use Of but 600
SHARES
lF b. OaIF about ten days ago that
ra< hGf which launched the bear move
meat began operations actively. XII
h~i Wzz selected on account OF its pop
MARTY amongst both investors and
sperUIztOrs and on account of its wide
distribution II IL held, in It's assess
abI@ issue. by hundreds upon hundreds
81 peopIe. including many who make no
observations whatever beyond reading
the daily quotations. Kihei was firm
~ established in the confidence of the
public. but IL was particularly vulner-
able for the reasons presented. No
other security is so generally held by
strangers 20 the country, to the plan
tation business and to the methods of
stock dealing. The plan of the ma
nfpuIators was TO ease the stock down
gradually till it touched $40 or below,
cry or rally by throwing out blocks to
the brokers at advanced asked" fig
ures- The thing has been done on the
coast and all over the Mainland with
all sorts Of stocks time after time, but
had never before been carried out
here IL was fresh and pretty locally.
The 500 shares used were placed in
the hands OF five or six OF the brokers
known "a hustlers. The first day they
offered at a point or two below SIS.
The market for assessables was a trife
shaky at that period and nervousness
was produced at once. This continued
two or three days. Then for few
days the pieces Of the 500 were offered
at SIS.
From the SIS mark the master
stroke was made. The brokers were
Instructed, in the usual confidence, to
offer, both On the board and privately,
10 sell at SIS, to take under cOnsidera-
tion any offer and report to owners.
Nov il began to decline nicely and the
hui members patted themselves on
their respective backs. II was a pretty
thing for an outsider to watch. 1t Is
the belief that not a single broker
knew how he was being used by the
combine The hui people are young In
80 81, ,h., &c - haya ,,onay
and have had considerable experience
Ia d4aIs Of variety they knew What
thSy vere doIng The s,ocE would mo
Offered a, sfs In two hoard rooms on
P0rt street and in nubIIc and nrIvate
uIseez betyeen sessions of the ey-
sianceE. EldE would be made and re-
t.grted baek 10 oWnery saIes followed
a. Iow ar sfas1. sI2.z5, The hammer
ing down continued with the wee block
Of an shares, bat the lower extrem-
ltles get cool quickly I'm this market
and sOtae ~ the holders outside the hui
Jezza b, think IL high time 10 get from
nader and $3.50 and SIZES became
TSllss prices, though the transactions
seFe small, Pear nov took possession