Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1910-04-16


business atmosphere should be soon
resumed.
As for the stock market, there IL
10 telling what will he the record
Of the coming week. The past seven
days have found few buyers In the
market. and the general DRIFT of the
quotations is downward. On Fri
day afternoon the price OF raw sug'
mr. dropped two dollars ton, ana III
the face of It very active demand
for EVA at market figures WIS re-
ported. Incidents OF this character
have beer so numerous In years gone
by that the remark has been coin
mon in speaking of the Honolulu
market. III the price of sugar drops,
the price of stocks wi ! advance
Sugar Quotations.
Nonc of the local authorities are
ready with an explanation for the
course of the raw sugar quotations
In the last three weeks. Among
other records broken Is the length
OF time the price of raws has held
without change. For more than
three weeks the price. Of raws has
been 4.36 cents. During that time
beets have advanced to parity or
515. The turn came during this
week, when the quotation for beets
began to fall until finally reach
ed las. and a parity of i.99 cents
s-l, "A
this state of affairs. none OF which
may be the real cause. 1t may be
that the Cubans have been holding
their sugars for higher prices ana
have reached the point where their
sugars are deteriorating and they
can hold on no longer. II this Is
the case, the refiners of both Europe
and New York have forced the mar
ket to its very loves notch IN order
TO gain their supplies for the sum
mer at most advantageous prices. IN
this event. we may expect the price
of sugar to rise as rapidly as II has
fallen, Immediately the bear
movement ceases: indeed, the price
will go higher than at any time this
year.
on the other hand. this drop ~
the price may he repetition OF tho
year 1906, when the price shot vi
30 five cents and then dropped al
suddenly, keeping on "the tobog
gan" for the remainder of the cam
paign. The regularity of the mar
ket up to the first of April is thu
feature that has caused the authori
ties to declare that repetition o
the 1905 record is improbable.
Again. It may be that the suga
operators have brought out som'
new source OF supply not hitherto
mentioned. that will reduce the lcve
of prices Possibly the sugars tina
Willett G. Gray discovered In Irdi'
have been manipulated to inaucnc
the market. II may be that nov
sugars have been discovered II
Cuba, as y result of more fayorabl
weather conditions, or important de
tails of production have bee
brought to light that the experts ha
overlooked. ANY number Of reason
can be imagined, based on the rec
ords of the unexpected happening
of previous years, But until tn
mail circulars arrive with their va
ried explanations of the slump, tn
local experts on the market wi
insist that the statistical position
such as to guarantee continuation
Of high prices, that will give
splendid return on this years crol
Tight Money.
Honolulu's tight money" mark'
Is quite as much an enigma as III
sugar market. The final consens'
OF opinion seems to be that Il
money taken for investment outsiC
the Islands is responsible for Il
present condition and that markt
change will soon follow the return
Cd m