The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1909-11-23

the week, the StocknOluers OF the ldsl
named institution deciding Mt meet
ing held week ago yesterday that it
would be better for them and the com.
munity for the two banks to remain
separate.
Prospects Are Bright.
The reports made at the planters
meeting were of the most encouraging
nature, showing that the plantations
have just harvested a record-breaking
crop, have prospects of an even larger
crop the coming year, and the price
of sugar has gone soaring. 1t reached
4.36 during the week and has main
tanned that altitude since. The labor
question was debated by the planters
in executive session but no final deci-
sion was reached and the matter was
turned over to the board of trustees
for further action. The trustees have
held meetings since the adjournment of
the associations meeting, but have not
vet come to any conclusion as to what
is to be done. 1t appears probable,
however, that whatever plan is adopted
will be along the line of the extension
of the contract system.
Stock Market Thrills.
The stock market during the week
experienced the thrill of genuine SEN
sation due to the spectacular upward
movement in McBryde. That stock,
opening on Monday at 4.37k, advanced
rapidly each day of the week up to Fri
day, when it reached the high water
mark of 6.75. Yesterday the stock fell
off little, the market closing at 6.12h.
During the furry the trading was ex.
traordinarily active and very large
number of stocks changed hands. The
advance in price was due to informa-
tion given out that the agency of the
plantation was to be transferred from
Theo. II. Davies & Company to Alex
ander G. Baldwin. Tt has also been stat
ed that under the new arrangement,
which however, is not yet contaminated,
McBryde plantation will get part Of
Makaweli' g water. One or two traders
got advance information of the deal
and went into the market strongly af-
ter the stock, with the result that the
price promptly jumped, even before the
brokers generally knew of the proposed
transaction.
olaa Advances.
Olaa naturally followed the advance
of McBryde and sold yesterday at
6.121s, the same as McBryde. In fact,
traders on the floor were swapping the
two stocks evenly during the morning
waialua Up Again.
Waialua made an advance which
while less spectacular than that of Nc
Bryde, was fully as important. Yester'
~ NJ
a week before when there was $50
as matter Of fact, made an advance
of $50, as it was selling down to
1880 the early part of the week.
Other Stocks Quiet.
There was nothing approaching SEN
sation in other stocks. In fact, most
Of them were practically forgotten in
the McBryde furry. Honokaa was only
moderately active at 20.25 and 90. Eve
fell off little Mt the close of the week
but was moderately active.
The demand for Onomea has ceased
and the stock was quiescent the pas
week. Yesterday n small demand aros'
for Hilo railroad and few shares
changed hands at ~.
1890
Ill the securities listed maintained al
even price.
holoa Paiu lts ulV,uehu oi aN pc,
attb;s thor. Nos come small tr,ding !,
sbo stocL
asaso,, r.r,v
orihaing mas ALREADY eohmehceu "a
some Oh .he nuns sr, anu tne SEASON WI
pe an carry one; me nrst loau Oh suga
whl go out on tne AriZonan next month
an extra vessel having neen put on 10
that month on account OF the early crop
me MAUI Agrleuitnral company
NH at faia began grihuing last Mon
DAY. 1t is expected mat the season
output Will aggregate Soooo tons. IN
Puunene mil started week peiore IN
Paa mill and record crop is expected
Portuguese Coming.
an announcement of extreme import
snee to the sugar interests is that so
portuguese immigrants secured by =
;. NampoeiI wiz arrive mere on IN