Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1916-11-25
STOCKS REGAIN
GROUND LOST BY
HUGHES DEFEAT
Listed Stocks Stronger and
More Active; EngeIs Lower
and Oil Advances

Practically all losses that were sus
tanned by the listed stocks immediate
~ following election have now been
recovered. During the past week. un.
I'll Friday. the volume CT business
showed considerable Increase accord
ing to stock exchange sheets. With
the larger business came day by day
advances in prices. Whatever, IL any
i'll effects the election and its results
bad upon the market has now been
nullified. unless II be said that had
Hughes been elected the market would
have scored advances and that Is a
natter of pure supposition except
from The known buying orders that
were Daged upon the contingency.
Among the brokers there is a feel.
ing that there will soon be noted
further increases I'm stock buying.
They base the opinion on the fact that
with the payment of bonuses through
the islands and the large imports of
paper money and gold the circulating
medium OF the island will be largely
increased and there will be a sum of
money in the islands such as was
never before known. This money cir
culating will increase all lines of re-
tail business, there will be more
money for investment following in
creased incomes with such business
increase, and they will go together.
and the stocks of the island offer the
most desirable investment for the ISL
and investor
During the week Haiku and Paia
both declared extra dividends of per
cent. and 1t is argued that such dec
laratiols are only Indicative of what
may be expected Of all the sugar
stocks providing the market conditions
of last year continue and also consid-
ering the fact that there is expected
to be some increase in the crop fo
the year over last year.
In the unlisted market Honolulu
OIL has shown strength all through
the week on the sentimental view
that now that the election is over the
probability of an early granting of
patents on oil lands that are entitled
TO patent will be granted
Engels Copper is showing a tenden-
cy to reaction. With almost no check
IL has risen rapidly from $3.50 share
until 1t was quoted at s. asked. The
last 20 cents OF the rise was brought
about by a rather peculiar situation
in the local market and some recess
sion was looked FOR by brokers to nat
urally follow II. That recession came
when the stock sold down to$4.65 on
Friday.
Mineral Products shows little
change in price for the week There
have been some considerable blocks
changing hands and what stock is put
on the market by sellers seems easily
absorbed. Buyers are now more in
clined to make their purchases on in
vestmeat lines and to figure on dfvi-
dends to be later paid rather than inn
mediate dividends and a consequent
sudden rise in quotations.
Montana Bingham is now quoted on
the yellow sheet on which it has be-
come customary to quote unlisted Sc
curities. In the past week consider
able interest has aroused in the stock
and information relative to the prop
erty, its development, ore values aad
other business details is being eagerly
sought.
Mountain King is recovering ground
after falling back to so cents a share