The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1909-06-26
COMMERCIAL
IBEV|EW

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The slight depression in business
last week, which caused some concern
in several lines of trade and industry,
was short lived, emphasizing the cor
rectness of the theory that the strike
was at the bottom of the slump. With
the subsistence of the excitement or
strain due to the strike in its younger
and more problematic stage, business
has slowly recovered, the dawn OF the
present week bringing renewed and
increasing confidenCp Among the
merchants it seemed to have been
conceded that this would turn out to
be a bad week. but this opinion has
not held, the concluding results being
largely the other way
The banks have had a very satisfac-
tory week. Real Estate has shown
little activity, but the market is as
firm as anyone could expect. Build
ing is at considerable of a standstill,
but the causes are natural Whole
sale business has duplicated the ex-
celent record Of last week. There has
been a notable increase in Oahu island
orders, and shipments to the other ISL
ands were little, if any short of last
week.
In stocks during the week there was
not unusually heavy Trading, apdi
while there were no notable advances,
the tendency was upward and some
what remarkable strength was shown
in several securities. Several blocks
of Oahu changed hands at $50. rs and
one small lot at $50 375. In the last
days of the week, this stock settled
back to $50, at which there were far
more takers than sellers. At this
figure Oahu may be regarded as pro-
misingly normal.
Eva declined slightly, the first sale
being at $2S 25 and the last to this
writing at $72.25. This weakness is
undoubtedly due directly and only TO
the labor situation. While the strike
has not seriously affected Eva, the
chicken hearted have imagined that in
some mysterious way it might do So
Hence, the stock has been passed over,
not, however, without considerable in
quiry concerning it.
Waialua opened at SOL 90, although
a small sale was made during the week
at $9O.75. These Waialua transac-
lions supply the only plain instances
of the strike effect upon stocks.
An interesting stock on the boards
during the week was Honokaa. Sew
eral blocks appeared but were as quick
ly snapped up at SIG. Some trading
occurred also in Olaa, first at $4.37 1-2
but finally at 1925. This latter drop
Indicated nothing except what is al
ready generally known.
Pioneer appeared on the market for
a brief SPELL two small lots going at
$161.
There were several transactions in
Oahu r. & Ii Co. securities, particu-
larly of the stock, number of blocks
changing hands at $125. All the
public or known offerings were called. !
A total of $4,000 of this company's |
6 per cent bonds changed hands at |
$102, which was considered a good |
figure, even for a season of easier fl
nances. Another bond sale was $4,000 |
at par, which was also salts |
factory showing
Summing up, the week ends better |
than did last week. Business is slight
ly improved and securities have a |
firmer tone. The strike is still on
but the plantations are running as
though there were no strike. The |
former workmen are coming nearer
every day to the limit of their finances
In the meanwhile, the strikebreakers
are, as experience progresses, becom-
ing of more and more value to the
In fact, satisfaction is
on both sides, and it now
seems easily possible that large per
cent of the strikebreakers will settle
down permanently to the work in the
plantations.
In the meanwhile the strike leaders
are persistently cautioning their dupes:
Hold on; we will yet win," and so
long as they are being fed and haused
by the leaders, they appear to be will
ing to be good strikers. Pressure has
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