The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1910-08-10
ANNUAL MEETING
STOCK EXCHANGE
REPORT OF PRESIDENT WILLIAM.
SON INDICATED VERY HEALTHY
CONDITION OF THE MARKET.

REPORT OF PRESIDENT WILLIAM
SON INDICATED VERY HEALTHY
CONDITION OF THE MARKET.
At the annual meeting of the Homo
lulu Stock and Bond Exchange held
yesterday afternoon William William
son was reelected president; Albert F.
Along, vice president; William Simp
son, secretary; Hawaiian Trust, Trea-
surer. President Williamson's annual
report showed stock sales for the year
to have been as follows Sugar stocks,
e7E9A 5d9.EO; miscellaneous stocks,
$T1O,36S.32; bonds, $2,123, 4O1.12
Total, $1012S,339.24 The balance of
the report was 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 the
whole, satisfactory Only one impor-
tant change has been made this year,
namely, the sale of one of the treasury
seats and the permanent retirement of
the other three thus limiting the mem.
bership to twelve.
There 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 in
vestigation committee, however, in or.
der to protect the rights of the licens-
ed brokers, has in several instances
called the attention of the county
treasurer to parties selling oil and
mining stocks without license. The
listing committee has shown COM
mendable activity. Through its efforts
we have added to our listing during
the year, Mutual Telephone bonds,
Kauai Railway bonds and Hilo Rail-
way bonds, representing issues Of
81, sos, 100000 and Tanjong Olok Rub
Der Company paid and assessable,
Pahang Rubber Company, paid and
assessable, and Hilo Railway prefer
red, representing $59O,S94OO.
"a notable mark of progress in the
activity of the exchange has been the
| Issue of a 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 APP
proach our idea of what the publica-
ton should be.
"I earnestly recommend that a COM
mittee of two be either elected or ap.
pointed each year to secure additional
information for the manual and to Sc
cure, for the members of this ex-
change, which we have not been able
to obtain this year.
Reported Business.
"The amount of reported business
done by members far exceeds that of
the previous years. In 1906 the total
sales were $2,S2OO5O; in 1907, 1882,
900; in 1908, $2,353,55O; in 1909, &c.,
4SS,71S; while the past year shows
sales of sugars alone amounting TO
81 294, 569.S0, and miscellaneous stocks
$40, 96S,32; bonds $2,123, 4O1.12; a
grand total of $1O12S, 1924.
Healthy Market.
"A healthy condition of the stock
market is shown by the fact that in
six months out of twelve, sales ran
over one million and a quarter dollars.
March heads the list with S1,574,7OS.
'The attached table shows the num-
Der of shares of each stock sold and
the amount. The heaviest trading was
done in Oohu, of which 32,O34 shares