The Hawaiian gazette., 1909-12-14

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
ing 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
entially 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 very 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-
| lnla RI
| this morning and most of the business
men were 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 lei
90 at 200, though no higher figure il
vet bid. Further transactions, how
ever, will probably not be made at any
lower figure at present.
Waialua.
Waialua advanced to 1875 and stay
ed there, except for a sale of five
shares toward the end of the week a.
half off that figure. There was little
Offering, holders evidently believing the
stock worth hanging on to.
McBryde and olaa.
McBryde started off at 6.75 and rap
idly advanced to seven-eighths, where
it stuck most of the week. But TO
ward the end of the week a decline
set in, and the stock fell to $50 ant
then to 625, at which latter figure thu
last sale was made.
Claa went up quarter, advancing
from 6.25 to $50. There was fai
amount of trading in the stock, blu
less than there had been for severa
weeks previously.
Honokaa Climbing.
Honokaa is still on the climb, an
the figure of the last sales was 20.75-
a strong advance over the closing pric
of a week before. Hawaiian CONNER
cial is also strong and advancing; tn
} stock sold Thursday at 37.75. Their
} were no sales yesterday. In fact, onl
. two stocks were placed in the sal
column yesterday-Ewa and Paauhal
Eva.
Eva went up a half during the week
closing at 3275. Trading in the stoe
was light, however, attention bein
chiefly directed TO the high-price
: stocks. Oahu was strong at "a a
r week, with no variation.
Rarer Stocks.
!. There were several sales of the rare
}, stocks. One sale of twenty shares Q
/. Mutual Telephone was recorded Q
$50. Twenty and thirty shares of Hi
waian Pine sold at 2925, and tOti
!, of fifty shares of o. r. & l.. came oil
at l45. Forty shares of Hawaiian Al
. ricultural were disposed Of at 20
There was light trading in few oth'
. stocks, which, however, offered no Sci
sations.
Bond Market Strong.
dI A feature of the week was II
strength of the bond market and Il
volume Of trading in these securitie
McBryde o. advanced from 9S TO o
Hawaiian Irrigation o. preferred WEI
up 10 90, an advance Of point. Iii
railroad Oh were in demand AZ 1908
The Hilo Railroad extension bond
put ont by the syndicate at 80 plus
stock bonus, are now selling az Db III
without the bonus. A sale Of $500
u Was made on Kauai DUNG the Wee
70 The bond market generally has be,
on the climb for several moulhs. NJ
lifyde ~ that not 20 long ago we
selling NJ p3 are now bringing .
y Olaas, selling lees than D year ago
90, are NOW listed a. lo0b0' Wal
luas have gone up 20 l00ih, from q
N 90 of "A fhoFt time ana