The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1909-11-14

exchange.
On the other hand. the stock mar
ditions fairly well in some WAYS. thong
with a fair amount of trading going Of
any remarkable extent. Buying orders
ing orders, which indicates a healthy c,
Curiously enough, advances in the
price Of sugar are not reflected in the
same direction on the stock market. In
fact, it frequently happens, almost fire.
quently enough to establish a rule. that
higher sugar means lower stocks. Why
this should be SO nobody can say. Per-
haps it may be credited to the natural
perversity of inanimate objects, or
something of that kind.
The Sugar Market.
Be that as it may, the price of sugar
at present is most encouraging, and the
prospects for the new crop are better
than has been the case for wears. Cable
quotations from New York yesterday
made cane 4.36, the parityx being 4.59.
The climb has been steady for several
years. On November IA, 1906, cane was
3.S1, the parity being 3.84. On Novem-
Der IA, 1907, cane was $50 with beet
equivalent Of 800. The following year,
on the same date, the price of cane was
1872, with a parity of 4.16. And now
cane is 1876, with beet equivalent of
459
This looks pretty good and presages
a much higher opening price for the
new crop for good many years. On
top of this, the prospects are for an
even larger crop in 1910 than in 1909.
This will make three good crops con-
secutiyely, and it is no wonder that
money is so plentiful in Hawaii that
investors are looking anxiously for a
good place to put it and are obliged
to send large amounts to the States for
investment.
Alexander & Baldwin yesterday re-
eeived most encouraging sugar letter
from New York dealers, dated October
80, from which the following is quoted:
Although 4.45c. is being asked for
spot sugar and held firmly, our basis
is still nominally 4.30c. We are told
that refners would pay 4.35c. for this
sugar if it could be had at that price.
''There has been steady demand for
new crop Cubans by English specula
tors, especially for February and March
shipments. Late yesterday 5-Sc. cost
and freight 96 degree basis equal to
3.99e) was being bid without finding
sellers at that price. Sellers are not
Offering sugars today but we believe
(405c. land in New York; easily for
March sugars.
December January shipment. Gu
4 loe4 70 ho
Federal and Warner at 11-16c. cost
and freight 90 degree basis (4.05c. land
New York.
Beet values in London have ad-
vanced materially since our last ad-
vices. Yesterday this market closed at
liz {449e.) for October and 12-2 IA
(4.5sc.) for May sugars. The market
was about the same this morning, but
the cables are a little confusing, al
though the line was very firm. Wealth
er has been very favorable for growing
crops.
The Stock Market.
The sudden demand for Onomea
which made itself felt week ago, fell
off as suddenly as it came and the stock
was quiescent throughout the past week.
The main buying orders the previous
week came from San Francisco, and
these suddenly ceased. The price varied
from Sc to $3.50.
Pioneer was fairly steady, with few
transfers. Honokaa ranged from 20
to 2025-a little better than the week
before, but with little trading IN the
stock.
Hawaiian Commercial was quite ac-
tive, and advanced from 24.25 to
3475. Oahu was one of the most ac-
tive of the listed stocks, with demand
in excess of the supply. The buying
orders were apparently local, as one
large block of San Francisco stock was
offered, though at a price considerably
above the market, which prevented its
sale.
Eva was active but varied little IN
price. 30.s71a to 81.
Waialua sold throughout the week at
III, which. in view of the fact that
tomorrow it will pay dividend OF
$50 a share. is seemingly fair price.
MeBrvde fell off little toward the
close of the week, the last sales record |
ed being at 4.3T1a as against an open |
irg price of 4.50. Dealing IN other |
Stocks was down to a minimum, with |
little or no variation in prices
Bond Market Active.
The bond market was more active /
than for several weeks, the transac- |
tions being of considerable volume.
Dividends Declared.
The Kohala Sugar Company has de- !
clared a dividend of six per cent. This /
is the first dividend the company has |
paid in about seven years. The last /
dividend paid was two and half per
cent.
Paauhau and Hutchinson have de-
cIared dividends of 20 cents share !.
each. and Waikiki dividend Of three |
per cent.
Stock Transactions.
Haw. Pine Coo a $3.50.
Onomea-35, 90. 50, 50 q 90; ), ) @ |
$3.50: 400 "a $685.; 10 @ $3.50. p g |
81: 5 a $3.50, |
Pionser-5, 5, 10 a 1880; Is, 20,
Is. 5, y a 1s5.
Honokaa-15. 10, 10, 5. 10, 20, a |
90: p. -, -, 20 q 2o.25. -
Haw. {. q :, Co,-3o %, ) a 1925; |
10, :. 100. :. 10. ). Zoe a 34.75. i
I'll 1nn * - n? @ ~ |