The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1905-01-25

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Local sugar stocks have gone up
but yesterday seemed to have got to
the altitude where the balloon poised
as if at the turning point. The one
stock which has had rocket-like
tendency for several days kihei-
dropped three points at the afternoon
session of the Stock Exchange. Sales
had been made on Monday as high as
81 and spectators had orders in for
buys on the hope that it woull 60
still higher. At the afternoon session
IS was offered and 10 asked.
When this stock was first called III
the afternoon a bid of 10 was made
which was at once increased to 49,
There were offers to sell at 20 2. then
reduced to 20, 10 rs, 1s ga, 10 - and
finally to 10.
| There seems some uncertainty now
/ as TO just how much stock Of Kihei is
to come out on the market. Those was
a runner prevalent during the day that
a large corporation is ready to unload
a block of many thousand shares Ct
} Kihe., ard that this was the cause of
elIST
However, the market remained stiff.
McBryde went to IA and stayed there.
Olaa took a rise and went to II at
which a small block was sold The
stock has risen rapidly in the last few
days and is said to be firm at the adj
vance quotation. The afternoon ses-
sion of the Exchange gave the quota
tions as 10 bid and II asked
Eva reached its high-water mark
yesterday at SO 1-2, small sale being
recorded at that figure. There was
considerable doing in Eva at both SEES
sions and between boards. The stock
closed at SO IA.
Ookala went to II and remained
there at the close of the session. There
were numerous calls for this stock on
the Exchange.
Then McBryde, commencing at -
went to IA. selling at that figure, with
no higher offers.
The largest transaction of the day
was the exchange of $40 worth of
Waialua bonds (6s.) at 101.
Hawaiian Sugar was demanded but
only a small block of shares was
dug up at SO. The same buyer asked
Sc 1-2
Kahuku, although somewhat quiet as
to sales, is rising and was quoted at
the afternoon session at "a, a block of
rs shares being reported sold at that
figure
Wilder S. S. is selling at 14O. a parcel
of five shares exchanging hands at
that figure. This is a jump from los.
the basis of the advance being the re-
cent purchase of the controlling in
terest in the Wilder company by the
Inter-IsIand Steamship Company.
Hawaiian Agricultural sold at par.
dOO.
ONE OR TWO SESSIONS?
The new system OF holding two ses-
sions daily-at 1870 a. m. and D. NJ
was tried yesterday by the stock Ex-
change. At 2 o'clock and until fifteen
10
members, when nine members were
present President Morgan called the
session to order and stated that if
members did not respond more prompt
~, the probability was that two sew
sions would not be necessary He felt.
personally, that one, big enthusiastic
meeting once a day was enough TO put
ginger into the market 1t was de-
cfded, however. to continue with two
sessions daily.
ALONG BROKERS ROW
That there is something doing in the
stock market is apparent by the ac-
tivity along the streets habited by the
stock brokers. Merchant street and
Fort below King street. are the popular
rendezvous of the brokers' In each
doorway is a sheet bearing the latest |
quotations of the sugar stock market !
Hardly a moment passes during the |
day that these posters are not being |
eagerly scanned by stock owners. stock |
buyers, stock sellers and wOuld-be- |
spectators. It is apparent all along /
the street that there are people who |
want to buy stock and others who want |
to sell, and everybody wants to make
money. Some have made money in
! he IA ST far.- dog Othars -. l....--I.. !