The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1909-12-11

The sale of the Sachs block to G.
M. Cooke, Limited; the rapid advance
of some of the higher-priced stocks
listed on the exchange and the unusual
activity of the bond market were the
features of commercial Honolulu dur
rng the past week. Added to these
there was. of course, the increased re-
tail trade, caused by the approach of
Christmas and the fact that the last
steamer carrying mail in time to reach
the East before Christmas is to leave
this morning.
An occurrence of great Importance
to the commercial world of Hawaii, al
though not strictly commercial in its
nature. was the adoption yesterday
afternoon. by mass meeting held in
the Young Hotel, of a resolution
strongly urging congress to suspend
the coastwise shipping laws in so far
as they prevent travel to or from Ha-
wall on vessels flying other than the
American flag. This resolution was
adopted by unanimous vote of all vot-
ing, though one lone opponent of coast
wise suspension was present. He, how
ever. did not vote, having been infer
entiallv scored for his attitude in the
matter and seeing that he stood alone
against the large numbers who were
present.
The Stock Market.
Most of the week on the stock mar
ket was verv busy, but there was a
slump yesterday, almost no business be-
ing transacted. This was probably due
largely to the fact that the Tenyo
Maru, the last vessel to take mail to
the Coast for delivery in the East be-
fore Christmas, was scheduled to sail
this morning and most of the business
men We're busy getting up their cor
respondence and arranging business
matters for the Coast. A number of
them refused TO take chances on get
ting correspondence even as far as San
Francisco before the New Year on any
boat sailing at later date. and as a
consequence the Tenyo will take out
this morning great volume of bust
ness mail, besides the huge stacks of
Christmas mail.
Pioneer at 200.
As was expected, Pioneer went to
200 on the stock exchange, 1913 shares
changing hands at that figure. This,
apparently, exhausted about all the
shares that holders are willing to let
go at 200, though no higher figure is
vet bid. Further transactions, how
ever, will probably not be made at any
lower figure at present.
waialua.
Waialua advanced to 125 and stay
ed there. except for sale of five
shares toward the end of the week at
half off that figure. There was little
offering, holders evidently believing the
stock worth hanging on to.
McBryde and Olaa.
McBrvde started off at 6.75 and rap
idly advanced to seven-eighths. where
il stuck most of the week. But to-
ward the end of the week a decline
set in, and the stock fell to $50 and
then to 6.25, at which latter figure the
last sale was made.
Claa went up a quarter, advancing
amount of trading in the stock, but
weeks previously.
Honokaa Climbing.
Honokaa is still on the climb, and
the figure of the last sales was 20.75-
a strong advance over the closing price
of week before. Hawaiian CONNER
cial is also strong and advancing; the
stock sold Thursday at 1915. There
were no sales yesterday. In fact, only
two stocks were placed in the sale
column yesterdav-Ewa and Paauhau.
Eva.
Eva went up half during the week,
closing at 1915 Trading in the stock