The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1911-11-17
THINKS ANOTHER
PANIC NEAR DUE

The dealers in stocks and bonds are
not all optimists, not even in the face
of slightly advancing prices. One OF
them made the statement this morn
ing that, in his opinion, another panic
is not far distant. Not" he said
that there is necessarily any good
and sufficient reason for a panic But
tyou know they occur in cycles. We
average one about every ten years
and sometimes there is an extra panic
thrown in
81 really look for a rapidly falling
market in mainland securities before
a great while. 1t will probably be ar.
tificially induced, as was the last
panic. Somebody will get pinched in
a deal and will go to the wall. Natur-
ally this will injure his creditors,
some of whom may not be able to
meet their own obligations. Like "A
falling stack of cards, the trouble will
progress until it assumes fairly big
proportions. Then some of the big in
terests will take advantage of the
situation and will have the New York
papers, that they virtually own, print
big stories of disaster. Instantly the
effect will be felt. Securities will be
forced down and stay there until the
big business interests have filed up
on them. Then, of course prices will
go up again"
The broker mentioned, however, is
very optimistic as regards Hawaiian
securities. There is not nearly as
much fluctuation in sugar stocks, for
instance" he said las there is in
Eastern railroad stocks and bonds. /
think our securities are going to be
the best form of investment for a long
time to come"
Regarding the possibilities of sugar
tariff reduction he was equally opti-
mistic It's bound to come in time,
of course" he said, but l don't be-
..lieve the next Congress is going to
touch it. Congress can't afford to do
anything of that kind on the eve of a
Presidential election. The sugar tariff
is safe for the present, anyway.
There u.s." added the broker, very
little dealing here in Eastern securi
ties. Not more than four Honolulu
people, to my knowledge, are sending
their money out of the country for
such investments. Most of it is either
lying idle in the banks here awaiting
good opportunity of Investment, or is
already locally invested"
EcSGSS1ScSSSS5SSSS5S z15sSSSSSSSSSSSSGo
Hawaii Ltd to Percy NJ Pond, Par
Rel; por Lots 10 and 90, Kapahulu
Tract, Honolulu, Oahu, $1,000. B 357,
IS. Dated Oct 81, 1911.
Percy NJ Pond and VT to Joe e
Faria, d; por Lots 10 and 20, rents,
etc, Kapahulu Tract, Honolulu, Oahu,
$3.50. B 35S, p 10. Dated Oct 10,
1911.
/ Percy NJ Pond to First American
Sd'S N II W VI hawaii l-Ju, n wi ;
Mtge Joe e Faria and VT on por Lots
10 and 20, Kapahulu Tract, Honolulu
Oahu, 81. b 357, p 10. Dated Oct 81,
1911
Joe + Faria and VT to Percy NJ
Pond, NJ; por Lots 10 and 20, KAPPA,
hulu Tract, Honolulu, Oahu, $25OO. h
957, p 10. Dated Oct 10, 1911.
G w Pahu to Daniel S K Pahu, y;
Lots 3 and 4, Blk 2, Puhnui Tract
Honolulu, Oahu; pors R p S494 Kul
2471, Puuniu, Honolulu, Oahu, 81, etc
b 1858, p -. Dated Oct 26, 1911.
Kaumakapili Church by Trs to vii
liam r Castle, A NJ; Mtge Emma N
Nakuina and hsb ct ais on APPS l and
2 r p 4545, r p 4547 and por Kul
1886, bdgs, rents, etc, Kalihi, etc, Ho
nolulu, Oahu, 81. b 1851, p 16, Dated
Sept 80, 1911,
Mrs Rose X Cox to Mrs Kapeka n
Cummins, Rel; pc land cor Bingham
and Alexander SITS, Honolulu, Oahu
$515. B 957, p II. Dated Sept 20
1911.
Bondholders of Dowsett Co Ltd by
Trs to Yong In, Par Rel; l 1900 A
of r p 5572 Kul 2O72, cor Dowsett
Lane and King st, Honolulu, Oahu
81. b 357, p II. Dated Oct 81, 1911
Dowsett Co Ltd to Yong In, d; 3
100 A Of r p 5572 KuI 2O72, bldgs
rents, etc, cor Dowsett Lane and Kinl
st, Honolulu, Oahu, $4,000 b 35S
p 16, Dated Oct 81, 1911.
- .3po; 3tonKgcmfw cmfw mfwyaaG
T Sekine to A w Games, Option
for years to purchase pineapples
grown on Lot 8, Wahiawa (Waiaua)
Oahu, 5000 B 356, p 9l4, Dated App
20, 1911.
John Kaaihue to S Kaaihue, d; I'M
in Est of Akamu Ck) decd, Niolopl
Honolulu, Oahu, $40 b 1858, Is
Dated Sept If, 1911.