The Hawaiian gazette., 1910-11-25
FINANCIAL REVIEW.

Brisk trading is the best that can be
said for the stock market during the
past r,ek. Quotations, uncertain at
the week 8 opening, became weak later
and finally slumped on a wide open mar
ket. Small buyers did not figure ex-
tensively, the lower.price stocks, when
appearing in the trading at all, doing
so in large blocks,
Blocks averaging $1,000 featured the
trading during the whole week, and
several larger sales were not lacking.
Two hundred and ten shares in Hawa.
iian Agricultural in one block, heavy
trading in both Pioneer early in the
week and Waialua (at reduced figures)
towards the end brought the total trad.
ing of the week up to $12s, 452.s75.
The rapid reductions, most noticeable
in Waialua. Oahu and their companion
stocks, are not definitely accounted for
on the "street. The market is de-
clared just weak, and two coinciding
reasons are hard to find. The drop in
sugar is not quoted as being the main
cause of the various drops, and the con.
sensus of opinion is that the local con
ditions are an exaggerated echo Of the
unsettled state of affairs among At
lantic buyers.
Clans Spreckels' oft-repeated state.
ments that the tariff should be taken
ON sugar scare some. His war on the
sugar trust, and incidentally on sugar
quotations on the Coast, are also not
lost sight of. Willett & Gray's report
for the week ending November 8 (the
last received) adopts a neutral tone,
saying: cit is somewhat doubtful if
any improvements can be made here,
the trend naturally being towards the
lower values of the new Cuba crop when
available, DecemberJanuary."
The same report also states that
10000 tons of Java were waiting I'M
sold at the Delaware Breakwater, and
that the Brazil crop would soon be
ready for shipment north. The report
describes no conditions calculated to
cause the furry downward here.
Nineteen thousand dollars worth of
bonds Figured at par) appeared in the
sales during the week, betokening either
a return of interest in those securities
or else natural investment money dis
trusting more speculative channels un-
der present conditions.
The market opened fairly strong on
Monday, 100 shares of Pioneer and eX.
ceptionally large blocks of Oahu, Ha.
waiian Commercial and Hawaiian Sugar
making up for an otherwise lack of
trading activity. Smaller stocks came
into prominence on Tuesday, but Pho
neer was still plentiful, although leav-
ing the sales list thereafter. Sales for
the balance of the week became desul-
tory and weaker, and a slump on Thurs
day left the market in an extremely
painful condition until Saturdays clos.
ing sales.
Sales for the week were as follows:
Monday, $31 ,921.25.
Tuesday, SzL.S23 .125.
Wednesday, $3449.375.
Thursday, $29,S55.
Friday, $o7, 1875.
Saturday, $13,745.375.
BY stocks:
Pioneer Mill Company, 1913 shares at
9,340.
Waialua Agricultural Company, 295
shares at $26,255
Eva Agricultural Company, 794 shares
at $2l, S45.6G5.
Hawaiian Commercial and Sugar Com
pany, 567 shares at $l9,46s,50
Oahu Sugar Company, 495 shares al
ST., 349375.
Hawaiian Agricultural Company, AZ
shares at $4,000 Zone blocl).
Hawaiian Sugar Company, $50 shares
Mt $5325.
Honolulu Brewing and Mating Com
pany, 10 shares at $22s0,625.
Olaa Sugar Company, $50 shares al
$14O1.25.
Hawaiian Pineapple Company, 40
shares at Sl240.
McBryde Sugar Company, rs shares
Mt S297.50.
Tanjong Olok Rubber Company, .
shares at $l95.
Hilo Railroad. common, shares at
500.