The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1909-03-07
COMMERCIAL NEWS
Continued From Page Four.1
Summary of the Market.

The transactions of the week on the
Exchange were:
Hawaiian Commercial-10O0 a 104
Hawaiian Sugar-1O, 80, 125, 100 q
81; 45 a 1880; SO "a 1925.
Oahu Sugar-5o "a 80; 100, $50, 10,
%, 40, 95, 80 "a 1880; % q 81; 5,
10, Is, 40, 10, 10, 10, 10, 10 "a 1850.
Waialua-50 "a SO; so "a 81.
Kekaha-33 a 1880
Ewa-l5 q 2s125; 200 q %; so,
10 "a 1925.
MeBryde-s5, 200 a 1925; 80 q
s.75.
Hawaiian Agrieultural-2o a 10.
Paauhau-50 a $3.50; 80 a. 22.75;
100 "a $3.50; 300 "a 22.75.
Haiku-11 a IT'S.
Honokaa-1o, 20, 20, 10 "a 1850.
Pioneer-20, 16, 10 a 1880.
Olaa-20 a 5; 6, 6, SO "a 4.S75.
Hawaiian Pineapple-10, 20 q 81;
80 a 20.50.
Hon. R. t. & L. Co. preferred-s q
1o2.
Hon. B. & M. Co.'S, 80 a $3.50.
Pioneer 6s-$3000, $1,000 a 104.
Waialua 6s-$500 "a loo.
o. R. & L 6s-$10O0 q 101.25;
$1,000 q $101.50.
Influence of Legislation.
Some fear is being expressed in com
mercial circles lest some such meas
ure as the Coelho fishing bill should
manage to become enacted into law
with its consequent irritating effect
a. 1oh ci4 tn
present this agitation among the Jap
anese has had no focusing point, the
methods adopted by the agitators be
ing the principal thing that has kept
it from attaining serious proportions
Any drastic legislation, directed di
rectly against the japanese, would
however, be eagerly seized upon now
to consolidate the discomfort, with
consequences far beyond the present
comprehension Of the surface states
men nagging the laboring race. 1t Is
taken for granted now that for pc
litical trading purposes some Senate
votes were given to the Coelho meas
ure on its second reading yesterday
and it is not supposed that the meas
ure will really pass on third reading
but the danger is there, with the con
sequent uneasiness among those wht
realize the situation.
The various proposed tax measures
which have been discussed during the
past few months, some of which are
now before the Legislature in the form
of bills, have had their effect on lano
values. 1t is due as much as anything
else to the uncertainty as to real es
tate taxation laws that the price OF
real estate in this city has not appre
eiated to any great extent since thi
first of the year. Tax laws have moi
affected the price of stocks in the same
way. for while an increase in taxation
rates affects stocks as well as land
the tax does not come directly on the
taxpayer The distinction is altogeth
err in feeling and not at all in dollars
and cents, but the effect is as it is.
The commercial bodies are watching
the workings of the Legislature close
" and helping in preventing too rad
zeal and harmful legislation, while the
Merchants Association is taking al
active part, inasmuch as under theil
supervision bill to adjust the mer
for introduction into the Legislature
The question of temperance and anti
temperance legislation, raised through
the attempt in the Senate to radical
" amend the liquor law, has had th'
effect of breaking the price of Brew
erv stock. which has fallen off from
S24 to $2250 in the week.
Pineapple Prospects Brighter.
Pineapple Gamers report that there
has been a very substantial response
already to their advertising campaign
numerous inquiries and a satisfactor,
lot of orders having been received
during the past month Enough IN
terest has been created Throughout the
mainland to satisfy the Gamers that
their course has been wisely planned