The Hawaiian gazette., 1910-08-12
BIG YEAR FOR
STOCK BROKERS
Stock EXCHANGE Records over
Ten Millions in
Sales.
THE ELECTION OF OFFICERS
President Williamson Reports on
Years Business and Predicts
Another Big Year.
THE ELECTION OF OFFICERS
(From wednesday s AdvcrtiseT.) }


lulu stock and Bond Exchange yester
day afternoon reports were presented
showing that the year just ended far
/ exceeded all previous years in the
volume of business reported. The big
gest year before showed record of
about six and half million dollars in
sales reported, while the year just
closed shows over ten millions.
Thr election of officers resulted in
tie Choice of those alrcudy in office,
for n further term. William William
son was reelected president Albert
+. Along vice president, and William
Simpson secretary. Owing to changes
made during the year, caused by the
retirement of Zeno Myers, these Off
GERS had not served a full year. The
| Hawaiian Trust Company was made
treasurer
President williamson S report, re
viewing the business of the year wGs
as follows:
''The past year has been the busiest
| and most successful since the organi
cation of the exchange. We have held
| thirty executive sessions
"The constitution and bylaws adopt
| ed in May, 1909, have proven, on thu
whole. satisfactory. Oniv one impor-
tant change has been made this year,
namely, the sale of one of the treasur?
seats tnd the permanent retirement of
| the other three thus limiting the mem
| ship to twelve,
Where has been practically no work
for the investigation or arbitration
! committees to do, which is indicative
! of the harmony that exists between the
members of the exchange. The inves-
| tigation committee, however, in order
to protect the rights of the licensed
| brokers, has in several instanccG called
! the attention of the county treasurer
to parties selling oil and mining stocks
without license The listing COM
mittee has shown commendable activ.
ity. Through its efforts we have added
to our list during the year, Mutual Tel
! ephone bonds, Kauai Railway bonds
and Hilo Railway Extension bon Is,
representing issues of $l,505 10000;
and Tanjong Olok Rubber Company,
paid and assessable, Pahang Rubber
Company, paid and assessable, and Hilo
Railway preferred, representing $780,
| $1,000.
GA notable mark of PROCESS in The
activity of the exchange has been the
issue of manual of Hawaiian securi-
ties. While not at all complete in the
data which we would like to place
before the investing public, it is a
very creditable first effort and subse-
quent issues will more nearly approach
our idea of what the publication should
be.
81 earnestly recommend that com
t mittee of two be either elected or APP
e pointed each year to secure additional
b information for the manual and to Sc
:. cure, for the members of this exchange
o only, lists of shareholders of the va
=, rious companies listed on our exchange
=, which we have not been able to obtain
this year.
e Reported Business.
''The amount Of reported business
= done by members far exceeds that o.
= the previous years. In 1906 the tota
= sales were $2,S20,O50; in 1907 $2,S32,
, 600; in 1908, $2,353 $50; in 1909, So,
4SS,7l3; while the past year show
~ sales of sugars alone amounting t
le 81 ,294 500 so, and miscellaneous stocks
1f $40, O,96S,32; bonds $2,l2S, ,4O1,12;
20 grand total of $lO,12S,3S9.24.
ST Healthy Market
w "a healthy condition Of the stoe
or market is shown by the fact that i
six months out OF twelve, sales ra
r. over one million and a quarter dollar
in March heads the list with $l,574,70
It's "The attached table shows the nun
ng Der Of shares of each stock sold an
of the amount. The heaviest trading WI
he done in Oahu, of which 32,034 shar,
he were sold for 81 ,0S0,24l.S2, follow,
m closely by Waialua, of which 81:
.or shares changed hands for $l,05S, 1868
81 believe a larger percentage
sales made by the members has be,
reported than in any previous yea
and ! urge, as all former presideu
have done, that all sales if possible
recorded on the books of the exchanl
m "We are operating in communi
w that is growing rapidly. The prospC
~ is that the 1911 crop viii market at
average price equivalent to that
this year and l believe that
of amount of trading during 1911 will /
on ceed that done during the banner yC
ami of the exchange that is just ended.
mas Respectfully submitted,
ion E(S) WILLIAM WILLIAMSON,
nal president
cry Total Sales Stocks and Bonds FL
the August LIST, 1909, to August 1st, 191
int
[ is Mercantile.
on Shares. Amounts
ing, c. Brewer & Co.. 80 s 1880
leht Sugar.
Iake Ev, % 5Ga 9 oo2 SOS
Jaw Iam IIaw' n Agricultural sO2 ls6,430
H. Ittoa is Haw n Com. & Sug. g.1s,563 709, ,16S
Ma. Hawaiian ........ 2,429 1870
,drv Honomu ......,.. POO 46,79Q
out Honokaa -......,2l ,372 4ls,O52
time Haiku ........... $40 45,4GG
iter. Hutchinson Plant n 6,79l 1l3,Hg
v. Kahuku ...,..,.., 1875 53,l0l