The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1909-10-24

REVIEW
Continued from Page Four.)

Continued from Page Four
there until yesterday. when it sudden
" sprang back 70 49, bid and IS4
asked, several bids of 1925 being
refused after the exchange closed. The
fall IN the price. however is regarded
as artifeially produced, one of the
larger outside operators making a
strong effort by unloading methods to
beat the stock down to a point at
which he eould load up again with
prospects of a good profit to himself
The attempt. however, failed of sue
cess, and when the pressure was re-
moved the stock rebounded sharply to
normal.
WaiaIua SIumps.
Waiaiua was about the only stock
quoted which failed to respond yester-
day to the general buoyant movement.
1t sank steadily all week from III
starting to 1925 when the exchange
closed Yesterday. None Of the dealers
gives any explanation Of the decline.
Olaa Up to $50.
Olaa exhibited a healthy tendency,
advancing steadily during the week
through all the fractions from to the
selling price of $50 made yesterday.
Over $50 shares changed hands during
the week.
McBryde Sympathetic.
McBryde also exhibited an upward
tendency, possibly sympathetic, adj
vancing' sharply from 3.S75 to a
closing price of $50. Trading in this
stock. however, was not SO heavy as
in Olaa.
Paauhau Jumps.
The exchange sat up and opened its
eyes yesterday when Paauhau, which
had been selling at 81, was promptly
bid up to IS, with one broker eager to
get it at that and offering to take
from 500 to 1000 at % to 1925. The
advance is said to be a reflection of
the San Francisco market, this being
a Bay City stock. Those who say they
know contend that there never was
any reason for the slump to q, and
that % is no better than normal
price for the stock.
Eva Up Half.
Eva advanced half point, reflect
ing the announcement of an extra 2
per cent. dividend Little offered,
however, and there was no trading to
speak of.
Hutchinson Gains.
Hutchinson made a gain of half a
point during the week, selling yester-
day at 1925, as against earlier bids
of 1925.
Other stocks were for the most part
quiescent during the week and trading
was extraordinarily light.
The bond market was fairly vigor-
Gus. probably because of the large
amount of idle money awaiting a
chance of investment. Hilo R. r. IS,
opening at 100 on Monday, advanced
steadily throughout the week, reach
ing 125 yesterday, with amounts to-
falling $4,000 changing hands at the
latter figure.
Caused a Furry.
Considerable of a furry was caused
on the exchange yesterday by the err
roneous announcement in the press
that Waialua had declared an extra
dividend of , per cent. As a matter
of fact, it was Eva which had de-
clared the extra 2 per cent. dividend,
and any announcement of this kind
concerning Waialua is premature. The
holders of the stock, however, have
strong hopes that such a dividend will
be declared, but nothing can be done
until after the return of E. d. Ten
ney from the Coast. And, anyway,
Waialua does not pay dividends until
the middle of the month.
Money Is Cheap.
An important feature of the com
mercial situation at present, and one
which promises to become permanent,
is the remarkable plentifulness and
cheapness Of money. The banks are
letting go at per cent, and it IS
understood that private money is be
ing loaned on good security at as low
as II per cent. The day of big in
terest appears To be past.
The reason is not far to seek. Two
good crops have left more money in the
hands of stockholders than they know
what to do with, and they are looking
for good investments, being willing to
take whatever offers, so long as it IS
good. even though the dividends prom
ised are far below what has been de-
manded in the past. Several millions of