Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1912-07-06
Securities Are Picked Up as
Quickly as They Are
Dropped
DIVIDENDS ARE COMING
WITH SOME INCREASES
Pioneer TO Redeem $1,000
600 and Refund $780,
600 = Army Money Pro-
vided - Reports of Banks,

II is gratifying 10 observe the re-
volt that is gaining Roadway against
pessimism-on in colloQuiaI phrase
the malady of cold feet'-in Homo
lulu. This has found voice within
the past few days in an interview
given to the Star-BuIletin by n. F.
Lewis, the sentiments OF which are
nnding echo upon the streets and
Wherever men exchange thoughts.
Hawaii has passed through many
crises in its industrial and financial
history, vet none OF It's inhabitants
are old enough to remember any ne.
Rod when the bottom has fallen out OF
Things or any emergency OF porblem
10 solve or strain to relieve, with which
It's substantial men were unable sue
cessfuliy to cope. Still, here has
been no difficult position to arise
when the wall OF the pessimist was
not heard, making 1t harder for those
who refuse to be dismayed at lions in
the path to tide over the particular
emergency.
what has been going on, for the
past week or two should have good
effect In rendering innocuous the pes.
slmistic virus In this community. In.
Vestors who had been seized with the
PEDAL chill and under its influence
poured their orders to sell some of
the soundest Of island securities upon
the desks of the brokers, did not have
long to wait to see their discarded
holdings snatched up, not only here
put on the Coast until when they
came TO their senses and tried TO re- |
cover their investments they found. II :
impossible to do SO at the prices for
which they. had disposed OF them. One
such experience ought to be enough |
for wise man.
Revival In Stocks.
This week on the four business days
that have passed his Witnessed a
cheering revival in the market for
stocks and bonds Not only has the
number and volume OF transactions
been greater than for any equal per
iod In a long time, but nearly all the
securities OF present earning power
and some OF those whose returns are
as yet prospective have been picked
mp only at an advance from sometime
prevailing prices. Although compara-,
lively large blocks OF shares are not
often reported as changing hands, it
Is not thought that small investors
by any means are monopolizing the
facilities of exchange. In fact it is
freely asserted that big capital is be.
hind the present activity in stocks
and bonds, and even that syndicates
have difficulty in getting what they
want because other combinations are
ahead of them, and. further, that the
smallness of the purchases forming
the bulk of the increasing business is
due to the fact that except under
the lure of exceptional chances for
proht-taking. The indications at the
present writing are that it will lake
a bigger than the average Honolulu
scare to produce another epidemic of
chilled understandings for some time {,
to come. i,
Following is Willett &. Gray's re-
view of the raw sugar market of June !,
20 In part: T.
Last weeks price of S92c per ID. Tor
s6-degree test centrifugals did not hold
for long. and was followed by sellers
at $3.50, @ 1r2c.Ac. q f.) basis. at which ]
reduced prices some 100000 bags to |
100000 bags have been taken by re- /
finers. Il
There are still buyers willing to go
on at 2 l-2c. c. & f.. or ss6c per H.,
and 1-64c. more is intimated for par
cels of last half Of July shipment,
The market is still under the infiu-
enee. more or less, of the. negro insur- ,
'ection in Cuba, which continues to :
show in outbreaks from day to day I
without being reached at its critical :
places of attack by government troops Z