The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1916-06-02
STOCK EXCHANGE =.
TO BROADEN OUT
-
But First New Home Is needed
-, To CentraIize Related 90
interests

exchange praetises are different from
those elsewhere because the bulk Of the
daily trading comes after the close Of
the session. This entails an immense
amount of work on the brokers, and
whom Saturday noon comes most of
them are in condition of mental fraz.
zle and physical exhaustion When un.
usual eveRts occur at the close of the
week, bringing about unusual eondi.
! tions in the sugar market the public de.
mands that service be continued
through the day Of rest but trading
again, slaekens Monday morning until
after the session closes.
The Honolulu exchange handles all
the stock business of the islands and
also heavy volume of telegraphie or
ders from sugar spectators on the
Coast. There are only thirteen brok.
ers~ and II is fortunate that all are
located near one another where they
can keep in touch, as they must. The
| daily session lasts a few minutes only
and the public use the service mainly
to get a line on the trend of the mar.
ket, the hulk of the trading coming
after its close, or between boards
Needs New Home
The stock business has grown H.
such proportions that il is becoming
every day more evident that Homo.
lulu needs a business block that can
be devoted solely to the uses of the
exchange. 1t is a mere platitude 10
say that Honolulu has forever passed
the village stage of civic development
for in seme particulars it has not, but
from financial standpoint this city is
ahead Cf many mainland centers hav.
ing double the population. It Is not
the size of the city that counts, but the
part its citizens take in the world 3
trade and affairs.
To Broaden Out
A stock exchange is not merely the
certer, for trading in listed securities
That is simply the retail end of it
The investing public are more thar
mere gamblers and spec ulators and
great wealth like that of Hawaii is not
satisfied to operate within narrow and
/ CONSTRUCTED bounds. There are great
trade and financial opportunities, east
west, north and south, given this com.
received in exchange for the incrsas
ing volume Of sugar and other com.
modities sold.
Honolulu is already an export, i'm
port and shipping center of no mean
proportions and when the war ends
| greater trade opportunities in these
lines will present themselves.
This community has close and init
mate daily business Intercourse with
Siberia, Japan, China, Philippines, Aus.
tralia, New Zealand, South America,
Panama and the Pacific Coast. Much
has been said of the advantages of cen.
trally located Honolulu and Hawaii
from the tourist viewpoint, and but lit
tie Of the tremendous Trading advan.
taEes.
Great Opportunities
Hawaii has the wealth, the means
and the men to make these expansion
dreams come true. Wherever Hawaii
bust ness men send their money and z,
along with it to see that efficiency and
&C nserVatism are exercised in its ex-
penditure,-to insist thst something
more occurs than, just spending the
cash, success usually results. There
are - Hawaiian enterprises all around
the Pacific where this course has beer
followed, while there are others wherr
the dollars were seat out into the
world uRchaperoRed, 70 fight against
the wolves, where few hairs and b
splotch of blood is all there is to show
HAWAII has won because of extreme
orgn niLatiOn In every branch of its
huSi ness Of production, but the finan
cial resources of Hawaii rs whole
have never been brought together in
the same careful and systematic way
Hence, millions won by close planning
and strict economy have been dissipat
I'D and wasted.
Make Financial Center
The time has como to expend and
broaden the activities Of the stock ex
change and make this body what il
ought to be, aud what IL Is in the great
commercial eenters, the central fuan.
cim, trade and commercial body OF
Hawaii. The first step TO bring this int
heing, one Of the leading financier
stated yesterday, is to build a home 70,
the nucleus of the commercial organi
Zation as it now exists.
The banks, trust companies, agencies
stock and bond houses, and the money.
ed investing public have certain com
munity of interest il il true, but they
are working to considerable extend
AT arms length, and at cross purposes,
and hence the community as.a whole l.
rot the gainor to the full extent II
should be.
Hawaii is passing through the transi
ton stage between small and big
things, and Honolulu Is on the border
line between an insular village and 3
ceuter of Pacific trade and Influence
War prices for it's principle eommodi
ties, and the sudden chance of making
big profits through speculation have
obseuTed the vision of what may be
il its men of affairs reach out and
graSp the opportunity of the ID omsut.