The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1910-05-03
World of Finance

Six hundred and ninety-two shares Of
Hawaiian Commercial sold at prices
ranging from 1925 to 1880.
The low price for Hawaiian Sugar
was 50 and the high price 81. But
forty.fve shares changed hands in ell
during the month.
Eight hundred and fifteen shares Of
Honokaa sold at prices ranging from
20 to 21.50.
Twenty shares of Haiku sold in all.
The price was constant during the
month at 100.
Two hundred and fifteen shares of
Hutchinson were sold, the price rang.
ing from 1855 to 1925.
Five hundred and twelve shares of
Olaa brought prices ranging from $50
to 6.S75.
Oahu was in fair demand, 1121 shares
being sold. The low mark was 80 and
the high mark 81.
Two hundred shares of Onomea
brought prices ranging from SO to 55.
The sale of 1465 shares of Olaa was
reported at price ranging from 5.25 to
6.75.
Just fourteen shares of olowalr
changed hands and the constant price
was $50.
Eight hundred and ten shares of Pa
auhau brought prices ranging from 90
to 1915.
Ninety-fve shares of Pacific Sugar
Mill brought IT'S.
Paia fluctuated from 146 to $50 but
only thirty-one shares were sold.
Two hundred and forty-three shares
of Pioneer brought prices ranging from
225 to 235.
Three hundred and thirty,three shares
of Waialua were sold. The high figure
was 1873 and the low 1874.
Industrials were about as quiet as
sugar stocks. The old standbies, which
in times past have always been counted
upon to give the change report the
appearance of activity, did not make
their appearance once, and the entire
month outlook was decidedly dismal
Hilo Railway common was the most
popular stock of the month, 925 shares
being Sold The sale prices ranged from
Ia to Is.
Eight hundred and FIVE shares of Brew
cry We're sold during the month, but at
gradually sinking prices. This stock,
which a few months ago was selling
above %, does not look at all good
now, and the market is dropping very
steadily.
The poor regard in which Brewery
stock is held by investors is doubtless
due to the fear that total prohibition
of the liquor traffic may be declared in
Hawaii. Should such be the case the
value of the company's assets would be
mighty little, and the stockholders
would probably find their stock certif-
Gates drug on the market.
Though those interested in keeping
the price of Brewery up have repeat
eddy pooh.poohed the idea of prohibi-
ton, the value Of the stock has descend
ed steadily. The first of the month sales
of this stock were made at 1925, but
the last quotation at which any business
was done was 1875. Yesterday ths
stock was offered at 16 with no takers,
the hest bid being 10. Just where these
shares will land before the plebiscite
settles the prohibition question is prob
lematic.
Brewery shares at the present time
can only be looked upon as q gamble.
Should prohibition carry they will be
all but worthless; should the liquor in
terests win out there will probably be
a decided advance in the value of tho
stock. Whether it will ever regain the
position it held before the prohibition
agitation started is doubtful, however.
Should prohibition fail to carry, there
will probably be more stringent liquor
regulations put into force, which in
turn will cut down the earning power
of the brewery Then no one can tell
just how long the license will be con-.
tinued.
On the whole, investors show dc.
cided tendency to leave Brewery stock
severely alone.