The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1909-07-17

DuIluS Jne week HOW ClOSlnS JueIe
was nothing of an exciting or even
particularly interesting character in
the stock market Owing, perhaps, to
the appearance of desirable, new bonds
on the market, interest in the ordinary
run of stocks las not been so keen,
and transfers were few and small. The
bears had rather the best of the weeks
business. There was no cause for this
slackness, to all appearances, save the
one advanced and the fact that the
dull summer is now fully on.
Eva began the week on a basis of
last Saturdays closing. made slight
squirt and then settled back again, con-
Guiding a trihe weaker than the Sat
urday preceding. There was no known
or apparent reason for this lack of
strength. Oahu seemed to follow Ewa's
lead straight through, the cause, what
ever it was probably being the same.
This stock started out at $29.75 but
declined gradually to $29 .25, at which
|
sale touched bottom at $29.
Waialua made a surprising jump at
the weekend. The start was made
with sale at $92. so, but on Friday,
with the stock strong and in demand,
several blocks changed hands at sos.
Honokaa, Pioneer, Hutchinson and
Wailuku also figured conspicuously in
the market during the week.
Bonds came in for considerable at
tentioI[ Two blocks of Olaa skies
found purchasers at 1917, and several
sales of o. R. & L. skies were report
ed at $101. Hilo R. r. SKIES brought
500. 25, several lot schanging hands.
The extension of the Hilo railroad
into the rich country Of north Hawaii
has brught the securities of this con-
Germ into general notice.
Hawaiian Commercial was sought, a
sale being reported at $31 so, but the
quotation subsiding to $31 25 at the
close. 1. l. S. N Co. started at S110,
but, in consonance with the general
weakness, dropped back to $107 so.
Undoubtedly the labor situation,
while not in anyway alarming, has
had considerable effect on the gen.
eral run of stocks. Although the plan
tations are getting along finely in the
matter of working forces, there is a
nervousness as to the future which
! will not down. The strike is regard
ed as a DOGGY, the strength of which
. lis already spent; but there is still
q ahead the trouble and time of getting
: the laborers back again at their former
lstations.
And in view of the strike spirit ap
lpearing among the Japanese, coupled
with the assumption that there vii
= be other and more annoying manifesto
4 ltions of it farther along there ha'
come into the situation disposition
almost a determinations make ra
4 dical change in the labor arrangement
s The visit of Commissioner Campbell
to the Portuguese islands for the pur
pose of recruiting laborers has behin'
it a current of thought-powerful ant
growing-looking to the suppantini
of the Japanese in the important plan
tation positions and as wage Garner
by Europeans. II the effort to secur
European laborers in anything lik
satisfactory numbers be successful,
need surprise no one it, before man
more crops are harvested, the Japanes
in the plantations, are working eN
clusively upon the profit sharing plal
Another subject which is jua no
receiving particularly serious attentio
of commercial houses and bodies
that of shipping facilities. Their
are those who have come to feel thi
- Honolulu is being Disseminated again
in rates between here and the coas
y and the discussion on this point hi
81 brought up the larger one of rates b
X tween Honolulu and island port
w Larger one" is used figuratively, II
* lit is claimed that inter-island shi
N ments are actually being retarded al
~ trade crippled by the tariff charg
~ for transportation. During the we
n the discussion among business men
. this subject has become more genel
and the sentiment more bold, indici