Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-01-24
.
New York Message, Received
Yesterday by Alexander &
Baldwin, Shows Advance
from 3.36 to 3.45 - Highest
Figure Quoted This Year -
Stocks Start Upwards
CHEERFUL NEWS HAS GOOD
EFFECT on LOCAL BOARD
Holders of Raw Are Asking
3.48 and Firm at That Price,
Says Wire from East


Receiving cables yesterday after
noon from New York showing smart
leap In the price OF sugar there from
1886 to 3.405, the highest price quoted
this year, and the most marked gain
over q previous quotation Alexander
q Baldwin are the distributors OF the
most cheerful news received here IN
some time.
Responding TO the good news, sugar
stocks showed q strong upward ten
dency today. Hawaiian Commercial
had already climbed to %, and the re.
suit Of the trading on the exchange
today showed that Il was strong ail
that figure, more apt to gain than de
cline. Eva and Onomea have made
substantial gains also. and the grow
ing price OF sugar, evidenced lately
and exemplified yesterday afternoon
by the Alexander & Baldwin message
shows that the market has turned
for the better.
Holders OF raw are asking 3.4S
and firm at that price, reads the.
cable near the end, and before this
II says:
There was sale today Of s6 cent
that affects the basis for Hawaiian
at s.45s
Demand for new business Is good.
Wlllett & Gray's figures, contain
"a IN the last issue Of the sugar week
~. show that the quotations for the
greater part Of January Of last year
in New York, were 34s. the same AZ
ure nov velns $500 " g,ls s -
New fofk. ano x = snoNh aaso - saes saes
tire AFefsee Rlaee q susaf toI: iste
was 55gt. .S =.
ConsioefinE the rapid cams alreaas
made u the price of the prouncL ane
that the Plantations are reported %
have made their calculations, in re.
dueIne dividends, on the basis thai
sugar would average but 3,12h, an
idea Of the Importance attached to the
cable Of Alexander & Baldwin can be
had, and its cheering effect on tn
market
A great deal OF the 475,000 tons.
The snrar FACTORS, Company estimate
- tbs sa4z cron win mot he mt ar
ths r.rte, nntiI later in the year
Ss-s,ds,,s hes haan delaved an nanS
$3.50 .ss,,s' h.cs,,sa - rpeathar cor
.,,.s- ....a -. ..' ,s,.. s,,,,s,,,s,,ts
sa. = .s.a.,e. - 80 ,,1,,., shar
- ~ non - - ~ - $50. -, a,,s
lv,vvv soLs e ~ s,s -, 49,, 49,. nom. 1ss.... -
GUY " tne. susal acl0ls paay
Inc quotations ier susag 20 iar ! .h.s an
montn nave rahesu tIOm o.1e u e. 90
ana toI tne SANE e psIiOu lasl ;,..'a ysa1 my
ranged from s.pt 70 e.fe. Inc ease.
efh llaIAes - NV rspoLesu ,.pelr'a. - lsss
absorbed tne lotto hlGan cIop. M.Icn
y partiaiiy accOun1aple lor tne ia.s
sharp gains,
Inc week IN STOCK oeailng mas DeeIl
Dy Tar the most satlsIactoTs LOT
montns. IN z sIA-uay perloos Ossln
ming SATURDAY Week ago ana ehalns
yesteroay. the procee1s from stoch
sales amounted 20 sfz.Voz.fo, Win
STOCKS dealt 10. Inere was an Amos,
general upward tendency 10 1ne lnaI
ket, and the gains maoe IN seEera'
. stocks, particularly hawalian CON
mercial ano Honoiuiu brewing 2
Waiting Company, We're notaoie:
There Is little doubt remaining on
me street tnat tne .tarln lear
mas been overcome and In place y
apprehending the qestructlon OF lne
Is Deing held Inc brokers' point out