The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1915-02-05
STOCK EXCHANGE :.
OUTLOOK BRIGHT.
First Month In 1916 Shows, Won
2 derfuI Increase Over Same
Period In 1914 ,r
Big Advances Shown - Sales
Larger-R Receipts Quarter
Z of a Million

New records will be set by the Ho-
nolulu Stock 4 Bond Exchange dur
ing the present year IL the business
done on the local exchange duriag the
past month is continued. Both In SUI
gar stocks, pineapple aud miscellaneous
securities and bonds, January, 1915, IL
so far ahead of the same period IN
1914 that there is scarcely any com
rarison. During January, 1915,
the ideal exchange handled 1890
shares OF stock as against TlIO shares
in the same month last year The total
amount involved in the stock transac-
tons on, the exchange last month was
more than q quarter Of million dol
lars, or, to be exact, $3.50 1928, as
against a total Of $l57,l99 during Jan.
uary, 1914. -'1'E &.1 a'.N~ ... .
increase over January Of last year. For
the month ending January 81, 1918, the
total bond sales amounted to $62, 300,
as against $20,500 during the same
month last year. no .@
Bonds Show Little Change r.
One notable feature in the record
Of bohd sales for January of 1914 and
1918 is that it shows but very little
change in the prices bid and for which
sales were made. With the ST. eks,
however, the story is much different
Olaa is a striking example. This
stock sold as low as seventy five dents
per share during January, 1914. Dur.
ing the month just closed it sold ffos
$3.50 and in good demand.
OF the eighteen other stocks which
were actively traded in on the board,
Eva also made gain during the
twelve months from SO in 1914 to
$22 in Juanry, 1918. Hawaiian Com.
mereial 4 Sugar went. from 24II to
1919 in the twelve months. Hawaiian
Sugar shows b gain from 20 at the
opening of 1914 to BAN last month.
HonOkaa more than doubled in market
value, going from two dollars to four
dollars. and fifty cents per share in
the year McBryde jumped from So
to 1918.
Oahu Nearly Doubles
Oahu nearly doubled in value, 90.
ing from 1913 to 20. Onomea Sugar
jumped from II to 81. Paia Planta-
ton was not backward, going from
SIX to 1870. Pioneer jumped from Is
to "a, while Waialua went from 56h
to 9lh.
Hawaiian Pineapple held its own,
selling for 81 last month, while the
highest II sold in 1914 WIS 37II. Ho.
nolulu Brewing 4 Mating showed a
sharp decline, going from Ply in Jan
nary, 1914, to 1871 last month. Mutual
Telephone sold for 1874 as gainst 10
last year.
Outlook Gloomy In 1914
No one has sought to deny the fact
that 1914 came in with poor promise
OF containing even a mite Of prosperity
for the sugar planters of the Territory.
Sugar was down, hostile Democratic
administration had blasted all hope
of keeping tariff on sugar and it
seemed certain that the industry in
these island would practically be wiped
out when the law taking all duty off
sugar became effective in 1915
Throughout the first seven months Of
the year sugar sold dangerously c'ose
to three cents and dividends on many
of the big stocks were suspended. But
the turning point came in August when
the war clouds gathered in Europe,
sugar advanced and with everything
indicating that the European sugar
crop would be greatly curtailed, prices
of local stocks naturally increased until
most Of them are now at figure for
which they sold before the free tariff
danger appeared on the horizon.
War WIN Keep Up Prices
4 ''There is no Immediate indication
of termination Of the war; said a
local broker yesterday, "and as long
as the farmers and beet growers of
Europe are carrying. guns and digging
trenches they certainly will not be able
TO plant their crops, or at least as big
crop' as they have in peaceful years. |
crops as they have in peaceful years. |
will be no difficulty in finding a market
for all the sugar we can produce. That
explains why our sugar stocks are hold
ing up, while securities dealt In by the |
mainland exchanges are selling lower |
than they have for years.