The Hawaiian gazette., 1910-04-26
THE STOCK MARKET.


change from the preceding week.
Prices still show tendency to ease
off and il looks as though the high
mark had been reached. There is no
reason to look forward to any material
slump but on the other hand any very
decided advance seems to be unlikely.
EStravagant forecasts regarding the
probable crop productions Of the larger
plantations made earlier in the season
probably had more or less to do with
the anxiety of small buyers to get in,
Conditions this year have been excep-
tionally favorable to sugar, and crops
will be cleared out of the way consid.
erably earlier than they were last year.
But though some plantations may over.
run their estimates n little, it is not
probable that there will be any decid
ed departures from the estimates issued
early in the season.
AS was to be expected the extrava-
CANT stories of greatly increased out
puts on the plantations have been fol-
lowed by equally baseless stories of
shortages. Some of these may have
affected the stock market a little, but
the most reasonable solution of the
whole problem seems to be summed up
in the suggestion that shares reached
price commensurate with the earning
power and then stopped.
Eva has been slipping back little
from the high figure arrived at some
weeks ago. There is no particular rea.
son on the surface for this retrogres.
sive movement. The directors of Eva
have made thorough examination of
the plantation and have issued an au.
thoritative statement to the effect that
stories of shortage in crop are base
less. The statement Of the directors
can be taken as final so that bugaboo
is effectually disposed of. 1t was to
be supposed that an advance in the
price of the shares would follow the
publication of the directors report,
and such was the case to certain ex-
tent, but the shares did not regain the
ground which they lost.
Eva sold at the beginning of the
week at S4.25, finally closing at 34.625
Three hundred shares were sold in all
during the week, according to the rec
ords of the stock exchange.
Oahu was in fairly good demand and
several sales of fair dimensions were
made. The first sales of the week were
made at SO and the same price prevail.
ed for the closing sales. During the
week the price reached 34.125. Upward
of 500 shares brought the latter figure.
The lower priced stocks are not in
the demand that characterized them a
few weeks ago. Both 0laa and Nc
Brydc were decidedly quiet all last
at figure that showed decided weak
.
may be is not patent.
u Ten shares of Olaa sold Mt the be
ginning of the week at 6.25 but later
sales were all at $50. One hundred
and forty-five shares was the total Of
the week IS trading.
4 McBryde showed up but little bet
ter as regards quantity of trading and
no better as regards price. The first
sales were at 6 1925 and then the price
slipped down gradually to $50. One
hundred and eighty-one shares changed
hands in all during the week.
There was just one sale of Hutchin
son recorded. Fifty shares changed
hands at 1925.
Paauhau was about the most activ,
: stock of the week. Four hundred anC
, forty-five shares sold at figures rang
ing from 2S.S75 to 29.125.
r! Waialua huctuated from 1874 to 1876
/ Fifty shares only were sold in all.
/ One hundred and thirty shares o.
Hilo railway common sold at a uniform
/, price of Is and five shares Of Mutua
5 Telephone brought 1880.
Brewery continues to slide down
{ ward. Despite all efforts to laugh
l down the danger of total prohibition
5 investors are looking mighty doubtful
t about these shares and the steady down
Y ward movement continues unbroken
In this particular instance popula
opinion probably has as much to d.
with the weakness of the stock as ha
: any actual fear of legislation.
q Two hundred and forty shares o
v Brewery sold early in the week at II
i the figure which prevailed week ago
8 Then break came and 1913 share
8 brought only 16.
r There was just about enough tradin
b. in bonds during the week to keep fol
n mindful of the fact that such secur
n ties exist. Four thousand dollars
It worth of California refining skies wen
y at par, $4,000 worth of Waihlua five
Il brought 10l 80 and $4,000 worth o
Kauai railway skies brought par. Fiv
J. thousand dollars worth of McBryd
S skies brought 9s.75 and 5000 wort
!. brought 80.
n The transactions recorded during Tia
week follow: y
= Stocks.