The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1910-02-11
THE STOCK MARKET.

Olaa showed tendency to strengthen
the Change $50 shares sold at 6.75,
an advance of quarter point over the
figure at which the last preceding sale
was made. An advance in the price
of the stock has been looked for since
the new bond Issue was foated and yes.
terday's activity indicates that inves-
tors are beginning to take interest in
the shares.
Olaa has been constant at $50 of
late, and when the advance came yes
terday people began to take notice. At
the close of the session 6.75 did not
draw out any shares and holders were
demanding z. There is every reason
why this stock should go up for the
plantation is now in flourishing condi
ton and the new bond issue has placed
the affairs of the corporation on sound
basis.
McBryde advanced from 7.25 to the
three Fights in the bidding, but no sales
were made, 7.5O being the figure de-
manded. Reports indicate that the
J plantation is in excellent shape.
EVA showed slight falling off, but
; this is easily accounted for by the rap
idity of the rise in price recently made
by the shares. AS matter of fact the
plantation has never been in better con-
dition and there is every indication that
the managers estimate of 10000 tons
will be exceeded by good margin.
Eva harvests this year from 372l.4S
acres and Apokaa from 94.70, making
total of 3S16.1S to be cut. The cane
is growing finely and everything is
1ourishing.
Between boards Eva dropped from
34.25 to "a in the trading and the clos
ing quotations were 1887 1-2 bid, 34.25
asked A slight advance will probably
come this week.
Honokaa sold between boards at
1926, an advance of IL 12 cents over
+. the figure at which the last preceding
sales were made. Four hundred and
forty shares changed hands in all, all
|, of the sales being made before the
session. The closing quotations were
90 bid, $3.50 asked.
, Oahu continued very strong. Fifty
shares sold before the session at $3.50
and the closing quotations were $3.50
bid, 1915 asked.
Brewery showed little stronger,
probably owing to the action of the
chamber of commerce in passing reso-
buttons opposing federal prohibition
That the action Of the chamber would
t be followed by strengthening was to
: be expected. The announcement this
morning that the senate committee will
: probably report favorably on the Cur
/. tbs bill will without doubt have its
effect on brewery stock today. Eighteen
{ and half bid, 10 asked, were the clos
ing quotations yesterday.
D There will not be much trading on
the Change while the present high
: prices hold. The present prices
. are largely due to unwillingness
on the part of holders to turn their
holdings into cash at a time when SAT-
isfactory stocks and bonds are hard to
, get. The plantations will pay good
dividends this year almost without ex-
ception and in several, instances there
i. will doubtless be extra or special divi-
\ dends.
= There was Just enough trading in
: bonds TO remind folk that there are
: such things Fifteen hundred dollars
; worth of Hilo railway sixe,, issue of
1901, went at par, and $1,000 worth of
Hawaiian Irrigation skies brought 101.
Stock Sales.
|. The sales recorded yesterday follow:
@ Ewa-5, 5 "a 34.25; 35 "a a.
Honokaa-90, 80, 260, 40 "a 1925.
!. Oahu-50 @ $3.50.
n Hutchinson-10 "a 49,. 375.
h olaa-50, so, 80, $50, $50, 80, $50 a
0 6.75.
|. Brewery-1O a 10.
Z Bonds.
o Hilo railway 6s Tissue 1909 $1,000
/. $500 "a 100,
Hawaiian Irrigation 6s-$10OO a
S 101.
b THE NEW YORK MARKET.
The following review of the week Is
Market conditions in New York is from
IS Henry Clews' weekly letter:
=. u NEW YORK, January 29.-The mar.
= ket has received fresh shocks this
- week, showing marked declines and
> corresponding rallies with unexpected
. frequency, Fears concerning the forth.
y coming decisions of the United States
Supreme Court on the tobacco, Stand
;, ard Oil and Union Pacific cases were
: the main causes Oh Weakuess. Inc Qe'
> cline was accelerated by increased ag-
:, gressiveness on the part of the bear
y contingency; whose operations were
u chiefly melted by working upon these
!, apprehensions. 1t is known that num-
a Der of our leading capitalists are quite
II concerned about the tenor Of these deci
y sions, which may come very shortly oil
s. may be deferred for several months
g. Should fhaV ha unfaVnro hla IL will IA
u course, be necessary for many unlawful
e corporations TO reorganize. This viii
d involve some dlsnrrangement of plans
e more or less temporary Reorganization
= and possibly some disappointment IN
d. certain financial circles. There IL, how
ever, no ground for undue anxiety 10
garding the effect Of these decisions
N Previous decisions by the Surrem,
4 Court in its Interpretation Of the sher
- man antitrust law have always beer
a. on conservative lines, and there II nf