Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1912-03-02

lHt WIN yubt tIooNu hfo
one Of the reactions for which Homo
lulu Is famous. r-.a
For no particular reason the stock
market stopped its upward trend and
closed weak all along the line. Buy
ers for the time being are out Of the
market and offerings are heavy.
The steamers leaving for the Coast
also took away the surplus of tour
lists that had been here during the
Festival season, and the crush. though
not the rush. was over in that line.
Despite all these apparent adverse
conditions, the situation is sound and
certainly attractive to the investor,
both in stocks and lines more directly
associated with the tourist.
Just what has brought about the
slump In the stock market is hard to
say. The price OF sugar dropped from
4.74c to 4.67c. But, as Mr.. Ed. POLITE
worry over the situation with sugar
selling at more than 500 a ton. At
about the same time additional reports
were brought to the city by cable dis
patches Of the probable report Of the
Democratic House Ways and Means
Committee favorable to free sugar
This has positively frightened some
OF the aggressive buyers. and when
such men leave the market there
Ii little to support 1t.
The month that closed on Thursday
was one Of the busiest In the stock
market on record. and the monthly re-
view shows wide range In the ad-
yancing prices. The total OF shares
changing hands during the month was
between 81 900 and $4,000. Olaa held
the record for the large number of
shares. the total running to 1887,
with prices ranging from 6.375 to 3
Next came Oahu, with 1880 shares.
at prices varying from 1925 to 1850.
Then followed McBryde, with 7,543
shares. from 1875 to. 10. Ewa's record
was 5,437 shares, from $3.50 to 1926.
Hawaiian Commercial schowed $3.50,
from 1925 to 1925. Pioneer, with its
ohuiSo, itohi W <oV,
represented very large amount of
money. and Waialua's 2.431 shares,
selling all the way from 1877 to las,
was one OF the notable advances OF
the season. Honokaa has entered the
list Of active stocks again. advancing
from 1926 to 1926. Onomea went
from 1880 to Sc on the sale of total
OF 2.O57 shares. Honolulu Brewery
shares totaling 1885 sold all the way
from 20 to $3.50 on the strength OF
the great popularity OF the new brew.
Dividends. e.. r. ,.....
The dividends paid during the
month, as reported on the stock sheet,
amounted to something like $648.OOO
THIS may be regarded as certain to be
maintained through the year. as this
total represents regulars and there
is not the slightest doubt that extras
will be paid by all of the better
financed plantations.
Tariff. ....... ....
Generally speaking there never ap.
peared to be a better time to buy
provided any quantity OF stock comes
out under the influence of the presen,
slump. World market conditions, as
set forth in the excellent statement
OF the situation ms published In las,
Saturdays Bulletin, are such a.
to make high prices certain. No tariH
bill or revision viii ever pass ths
President. and Congress can nevel
pass such measure over his veto
80 the tariff Legislation Is only a threa
In so far as talk Is dangerous.
Plantations In which the public /,
widely interested that have held meet
ings this week are Waialua and Ho
nokaa. Waialua reported total prof
for the year Just passed OF over
million and a quarter. A great dea
OF this has gone into improvement
that will serve to make the propert.
one OF the largest producers In tn
Territory. Honokaa is making a be.
ter showing. Its juices are givinl
higher percentages, and the annua
meeting had a much pleasanter at
mosphere than year ago.
Stock sales for the week follow:
Monday. Feb. 26.
Between Boards: 1000 Hilo Ry
COM, 1925: 500 Oahu Sugar Co. Al
rs; so McBryde. 9.S7h; 20 McBryds
S.S7h; 10 McBryde. 9.S7k; 20 OLA
SIS; 100 Olaa, 8.75; 45 o. r. & l.
Co. l45; 10 Eva. So; 6 Eva, 50: s2I,
900 olaa Is. 80 so; $1,000 Olaa Is, 80.
so. - ... r... a.
Session Sales: 20 Oahu Sugar Co
4l.75; so Hiio Railway com. 10. 25
80 McE'ryde. 9.S7h; so Oahu Suga
Co. 4l.62Is; s Oahu Sugar Co.. Al
62h; 16 Oahu Sugar Co, 41.62k;
Oahu Sugar Co. AIS; so McBryd,
9.75; IS McBryde, 9.75; IS Eva. 35
8 Oahu Sugar Co., Al .62h; 25 Ono
mea, SO. ...
Sugar Quotations: 96-degree Ger
trihigals, Ala. Parity, 5.3S. 8S-de
uraa AnaIy,iS naato rEo QNd