The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1917-01-05
MARKET lUMPSIN
RESPONSE TO BIG
ORDERS BY BULLS
listed Stocks Soar SkyWard AS
: j. Buying Furry Sets In In
Earnest
BROKERS REPORT BUSIEST ~
DAY IN MANY YEARS HERE
Natural Reaction Follows SIAM
pede For Higher Prices and.
Many Securities Slump

In furry Of excitement with heavy
buying orders burdening the market,
listed stocks scared skyward at the
exchange session yesterday in the brok-
ers' busiest day for months. The end
Of the peace talk and the news Of a
proposed increased tariff on sugar
,aused the bull tactics.
The jumping prices lasted but part
II the day though and natural re.
tction set in almost immediately after
he session that kept the brokers, how
,ver, Just as busy. The market eased
1T some and while many held tight to
heir purchases others felt that the lin
il of the upward trend had been reach
ID at the session and a selling move
nent started almost Immediately.
Gains ranged from two and a quar-
er to three and three quarters. The
stocks jumped from the opening min.
ute of the session The buying hysteria
was due largely to the two and half
lays of no business intervening since
be receipt of the peace news.
Investment Buying ~
Some of the buying was of the in
sestment character that awaits such
urns of the market but the majority
vas of speculative nature that ex-
iected realization of quick profits This
resulted in a peculiar situation.
The reaction resulted largely from
his speculative selling movement
Naialua dropped back to 33 from 1914,
Oahu declined after the session to 30,
0laa slid back TO 10 from sales of 1915
It the session, MeBryde was offered at
ca point below sales at the session
while Eva in the afternoon dropped of
a half from the morning sale price
Pioneer Mill held its own at 40.
The market was 50 feverish during
he brief spell of excitement that bid,
lers had a hard time keeping up with
the advancing asked price. - ~.
Sales at the session ,totaled 26l5
ihares, representing q business OF
| S74,645. Between boards sales, repre-
.enting largely the transactions Of Sat
lrday were 1926 shares, a total of 294O
ihares.
On the New York market sales OF
'ugar affecting the Hawaiian basis ad
|anced the price from sos cents tC
i.27 cents. ,Ir' ~
Dividends to the amount of $175,OOC
were paid yesterday. a. The disburse
nents were: Haiku, one dollar
| 10000; Kekaha, two dollars, $50, 900
Eoloa, one dollar, $500; Paia, one dol
lar, $22,500; Pioneer Mill, forty cents
100000.
Sugar Stocks Lead
Olaa, Pioneer, Oahu, Eva and Nc
3ryde led in the speculative trading a
he~session. Oaa opening at 1850, al
| ldyanoe of two and half was the first
feel the reaction and slid back Il
6.25 at the session a met gain of two
md a quarter Eva gained two anC
| quarter, selling at 34.50. McBryde OPP
ming at ~, jumped to 1878 and theI
IL, gain of two and a quarter
'ioneer Mill jumped to two and five
ighths and held strong at 1000. Oahr
capped three aud three-quarters t.
200. Hawaiian Consolidated GA"
Hawaiian Pineapple and San Carlo
we're without change. Waialua gained
\ point.
| Some stocks gained on bid and asked
without buyers and sellers getting to
gether. Hawaiian Commercial, from 4
vent to 1880 bid and so asked; A wa
asked for Honomu, 81 for Kahuku, %
FOR Kekaha and 20 for Pacific Sugar
all advances. .
! Unlisted stocks were slighted yester
lay. Some gains were recorded. Min
raj Products advanced eleven cents t
| $40; Engels was unchanged at. sos
honolulu Oil was strong at 3.55, Mon
'ana Bingham strengthened to 40 cent
and Mountain King remained at ?
cents.