The Hawaiian gazette., 1909-03-09

Summary of the Market.
The transactions of the week on the
Exchange were:
Hawaiian Commercal-1000 a 104.
Hawaiian Sugar-10, 80, 1875, 100 Cp
81; 40 "a $3.50; $40 az 1925.
Oahu Sugar-50 "a 80; 100, $50, 10.
%, 40, %, so a 1850; % "a 81; s,
10, 10, 40, 10, 10, 10, 10, 10 "a 1880.
Waialua-50 "a Sc; 80 "a 81.
Kekaha-33 a 1880.
Ewa-l5 "a 2s.125; 200 "a 2S; so,
10 "a 2s.25.
s.75.
Hawaiian Agricultural-20 "a 10.
Paauhau-5O a $3.50; so "a 22.75i
100 Cn 22.50; 800 "a 22.75.
Haiku-ll "a 175.
Honokaa 20, 20, 10 "a 1850.
Pioneer 30, 10, 10 "a 1890.
Olaa-2O m .; 6, 6, 9S "a 4.S75.
Hawaiian Pineapple-lo, 20 "a 81;
80 a 1880.
Hon. r. L. & L. Co. preferred-s a
| l02.
Hon. b. & NJ. Co.'s, 80 "a 22.50.
Pioneer Gs-$3000, $1,000 "a l04.
| Waialua 6s-$500 "a loo.
o. r. & l. 6s-$1000 a 10l.25;
| $1,000 "a $l0l.50.
Influence of Legislation.
Some fear is being expressed in com
mereial circles lest some such n meas
ure as the Coelho fishing bill should
manage to become enacted into a law
with its consequent irritating effect
upon the labor situation. Up to tho
present this agitation among the Jap
anese has had no focusing point, thu
methods adopted by the agitators be
ing the principal thing that has KEEP
it from attaining serious proportions
Any drastic legislation, directed di
lectly against the japanese, would
however, be eagerly seized upon nov
to consolidate the discomfort, will
consequences far beyond the presen
comprehension of the surface states
men nagging the laboring race. 1t
taken for granted now that for pc
litical trading purposes some Senat
votes were given to the Goelho meas
ure on its second reading yesterday
and it is not supposed that the mea'
ure will really pass .on third reading
> lIt 10 lbCitt "''' WV ~"
A seauent uneasiness among those VIII
+ realize the situation.
The various proposed tax measure
which have been discussed during tn
e past few months, some of which al
now before the Legislature in the for
l. of bills, have had their effect on Ian
y values. 1t is due as much as anythir
:, else to the uncertainty as to real
r. tate taxation laws that the price
Is real estate in this city has not apr
IS eiated to any great extent since u
first of the year. Tax laws have III
affected the price of stocks in the san
way. for while AN incrsnse in taxatit
c rates affects stocks as well as Ian
the tax does not come directly on Il
u taxpayer. The distinction is altoget
s. err In feeling and not Mt all in dolla
IL and cents, but the effect is as it Is.
T. The commercial bodies are watchlI
u the workings of the Legislature clos
. " and helping in preventing too ra
a. zeal and harmful legislation, while Il
l. Merchants Association is taking
u active part, inasmuch as under the
W supervision bill to ADJ the mt
~ camille license fees is being draft
for INTRODUCTION luio lhe bcBiS'"'"
o. The question of temperance and an
y temperance legislation, raised throu
Y the attempt in the Senate to radic
"a " amend the liquor law, has had I
~ effect of breaking the price of Bre
.h ery stock, which has fallen oil ire
W. $24 to $22.50 in the week.
he Pineapple Prospects Brighter.
ig Pineapple tanners report that the
~ has been very substantial respon
already 10 their advertising campail
" numerous inquiries and satisfacto
ts, lot of orders having been reeeiy
gs during the past month. Enough
IT. terest has been created throughout
mainland to satisfy the Gamers II
N their course has been wisely plann
at Crop conditions in the field
hit bright. Canning does not CONNER
m for the summer pack until June, a
it is Therefore too early now to ma
en- any estimate. but there is every pr
peet of the crop being large.