Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1912-01-20
There's Good Profit In All
That's Offered On HO.
nOlulu Market.
BUSINESS CONDITIONS OF
THE WEEK REVIEWED
Tourists Coming-FloraI Par
AIDE IS deliberately Planned
Real Estate ActIve-Good
Times Generally,

Advancing prices registered this
week in the so-called cheap stocks arc
ample confirmation of the sound adj
vice given in these columns for the
last three years, that tho people OF
small means In these islands could far
better afford to put their money in
the cheapest stock on the Honolulu
market than TO gamble In the get-rich-
quick oil and gold schemes brought
here from the mainland
McBryde has taken the lead on the
announcement by Manager J. +. Cooke
of Alexander a. Baldwin that the plan
tation under natural conditions should
he In a position to pay dividend of
fifty or scvcnty-fivc cents u share by
next June. This Immediately sent the
stock jumping to S.15, during which
time several hundred shares were
thrown on the market and a good
many hundred more were offered,
thereby holding the price below nine.
AT the present quotation the stock
would represent something like a six
per cent investment Many of the
higher priced stocks at the present
quotations represent ten per cent
Investment, so If this stock goes much
higher II will be on its speculative
value and the prospect of future re-
turns rather than upon present high
rate of interest.
The most significant feature of the
whole furry is that IT signals the final
arrival of the plantation on good
footing. II is ont of the woods so to
speak.
Olaa advanced on its merits and In
sympathy with McI5rydc. II has usu.
ally followed along about n dollar a
share less than the Kauai plantation.
ID Many believe Olaa to be In strong
err position than McBryde though no
promises of dividends are now made
Olaas twenty-five thousand ton crop
and the possibilities of larger out
put in the future is what establishes
confidence in that property. Its float
ing indebtedness will be wholly wiped
out next year. Then the last of the
lame duck sugar plantations will have
been put on It's feet" The struggle
has been long and difficult one in
both instances.
The market generally speaking has
been strong and fairly active. Waia-
lua suffered temporary setback ia
l26 but the number of shares sold was
small and the inquiry of buyers re-
vived the latter part of the week. Pio-
neer has been popular stock, lia-
waiian Commercial has held strong AT
current quotations and Oahu is sell
ing at $3.50. Hutchinson sold ut an
advance during the week. lIilo Rail-
way common figured in the sales at
S.G25 and Honolulu Brewery is In de-
mand at %.
General conditions In the sugar
world continue most favorable. The
sugars are moving to the market early
and getting "a price that seems to
prcsage the early announcement of
extra dividends. This Is the period
of the year when raw sugar prices
rule lowest. The bulk of the Cuban
sugars are coming on the market now,
the height of the season Is from now
till the middle or latter part of Feb
ruary. With the price ruling ut 40
at this time there appears to be no
prospect of Its going much lower this
season.
The middle of the week beets
jumped to los. 71ad, for just what rea-
son does not appear. Centrifugals did