Newspaper Page Text
HONOLULU STAR-BULLETIN, SATURDAY. JAN. 1. VMX
?13uines on tirr s ork xr h-injie ba
imraensely increased In voiuine this
week as compared with last week. Foi
thf six days endsd ut noon y i i Ijy
Blares wete sold for 5f!' '-'1 .."
and bonds to the par value of Mo.onii.
a total of $10,001.30 against shares
for I28.yft9.75 and- $3uO in bonds, a
Ulal of $29,499.73. for the correspond
ing period ended last week. The In
crease In stocks ia 162,001.73, and 1:1
bonds. $9500, or a total gain of 71 -MM.
Prices have held fiirly steady, the
only two material declines being 111
stocks that had not been sold before
since their dividends were cut. Of
even sugar stocks, four have declined
two gained and one has -held its own.
Of four non-sugars, two have gained,
one hat, declined and one remained as
it was. Following are the la6t sales
quotations of the Stock changing
.hands, respectively on Saturday ani
Opening and Closing.
Haiku Sugar Co.. 21." and 123.
Hawaiian Commercial and Sugar Co.
33 75 and 32.75.
Hawaiian Pineapple Co., 44 ari.1
Hawaiian Sugar Co., 34 and 35.50.
Hilo Railroad Co., common, 7 and 7.
Honolulu Brewing and Malting Co,
23 and 23.50.
Oahu Railway and Land Co., 138.5u
and 135. t
Oahu Sugar Co., 23 and 23.37 1-2.
Onotnea Sugar Co., 32 and 32.
. Paauhau Sugar Plantation Co., 2')
Pioneer Mil Co., 26X0 and 26.3T i-"2.
Pioneer Mill Co., 26.50 and 26.27 1-2.
In tbe case of several stocks not in
this list, holders are standing for can
sMerably above the bids.
r; Transactions In detail for the six
chocks. i-. v- .
Haiku Sugar Co., 10 shares for
91250; price, 125.
Hawaiian Commercial and Sugar
Co.. 745 ehares for $24,573.75; high,
low, 32.75. i
Hawaiian 'Pineapple Co., 160 ehares
tor $7165; high, 42.25; low, 44.15.
Hawaiian Sugar Co., '70 shares for
$2485 price, S5.50N - ' , ;.
Hilo Railroad' Co., common, 50
shares for 350; price, 7. .
Honolulu Brewing end Milting Co.,
152 shares for $3541 high, 23.50;. low,
v Oahu Railway and Land Co., 170
stares Tor $22,950:-price, 13.
Oahu Sugar Co., 234 shares for
$W01.7SJ high. 22.50; low, 23.
Onomea Sugar Co., 60 shares fof
$1920; price, 32.
Paauhau Sugar Plantation Co., 1000
shares for $16,500; price 16.50.
Pioneer Mill Co., 180 shares for
$4765; high, 26.50; low, 26.37 1-2. .
Hilo Railroad Extension sixes,
$7000 at 94.50.
Hilo Railroad 1901 sixes, $1500 at B3.
Honolulu Gas Co., lives, fl&oo vt
.ino. . ;
Yesterday would 1 appear to have
been controlled,, by-the bears .on the
New? York stock exchange, prices in
many big railroad and industrial
shares being Hammered down, and ef
forts at resistance later In the day
being only partly successful. However,
tbe market closed steady.
Closing ' quotation for Hawaiiau
surar --stocks in, San Francisco,
yesterday . were as follows: Ha
walian . Commercial, 32.7 ibid;
llawalUO Sugar, 34.25 bid; Hon
"Monetary situation at home and
abroad. Uncertainty following the
supreme court decision on the Union
Southern Pacific merger. The PujQ
inquiry. The policy of the new ad
ministration. Approaching tariff re
vision. Indication of trade reaction
to some extent." These are given by
Henry 'CJews of New York, in his spe
cial letter of December 21, as chief
of a "combination of disturbing cir
cumstances" keeping- the stock mar
ket in an unsettled condition during
the first half of tbe week under re
view. With regard to the Pujo in
quiry he says: "It may be conceded
that some checks are drtirable to pre
vent an excessive concentration of
financial power, but tis could be ar-
t nA A luiiinr tiv viu rovieton at
cur banking laws than by any popu-
? m o 1 ,- rf o com irtli t i no 1
character. 'lV.e whole question should
be left to a b dy of disinterested ex
perts. whos lecommcndations might
easily becoT' e t he subject for sane and
."Fnwn- toiumeiits on the other el
ements of m settlement Mr. Clews
goes on to sa :
"There ,: , more factor which
lias tended lo unsettle stock exchange
values, and that is '.he indications of
a trade rtaetlon For this stringent
money ar.d fr6i3 of tariff revi
sion are hi f V ft-ionsible. Inev
itably witlt the piospects of lower
duUes, :irUou and manufacturers
are oblo" to 0 slow ultil flley dis
cover Wba to expect. It is the nn
certaintv v to what he new Congress
may do" ra lift than as to what Mr.
Wilson Mil 85 llii'-al
sentiment s'-W ruunlu wrongly
EDITED BY DANIEL LOGAN
TO SHOW SOME ACTIVITY
Vixu. 7.12 1-2 hid; Hutchinson, If.. 23
bid; Kilauea, 12 bid Onomea. ::i.73
I'd, ''.2.23 asked; Paauhau, h;.3o rU.
I'nion. :; asked; Honolulu 1 unlisted)
Waialae, Kainiuki and Palolo Im
1 :ovement Club, Inc., held its first
1 eeting of the new yearly term, under
the- presiding of T. M. Church, on
Thursday evening. A special commit
tee was appointed to offer the cluu s
M-rvkes to the King's Daughters with;
reference to financing their projected
old people's home, whether the Kaimu
ki site be retained olr not. Reports of
progress were made in ararious mat
ters, including that of postal delivery.
Standing committees for the year were
anounced by the board of directors and
a Ugorous campaign for improve
ments was) resolved on. The club will
hae a public inauguration of the Lin
coln memorial tablet that it has pre
sented to Liliuokalani school. It will
put a float or decorated car in the
Moral Parade. Clean-up day for the
district is also contemplated.
A late dispatch from Hongkong teils
of a novel method the government of
the colony was taking to end a boycott
of the sereei railway by the Chinese.
Sir Henry May, governor, had pro
claimed that the, colony was tubjected
to the peace preservation ordinance
the sanctions special measures for
dealing with lawlessness. That was to
puve the way ror a bill about to be in
troduced in the legislative council,
which provides that the governor-in-
council may proclaim certain areas to
be boycotting districts! and levy spec
ial taxation against them and author
ises the government to compensate
from the proceeds of the tax persons
or firms who have been damaged by
Special efforts are being made in
the Philippines to promote the kapok
fiber Industry. Some plantations have
been started where the product Is
grown' in concentrated areas, and tbe
fiber division of tbe bureau of agri
culture is preparing a bulletin of de
tailed information regarding tbe rais
ing and treatment of the kapok.
Hemp planters of Davao, P. L, are
reported to be flourishing, having en
Joyed good prices with large crops. It
is now well settled that Jbemp-growing
is a gamble on non-irrigated land.
V A late . Manila paper is enthusiastic
over the recent incorporation of the
America Philippine Company, by cap
italists of New York and other Amer
ican cities, with a capital of $5,000,000,
for the development of products of the
Philippines. Profit-sharing will be a
feature of the company's administra
tion. What promises to be one of the
beauty spots of the Philippines is a
forest park that is projected near Ma
nila, which -will contain specimens of
every tree and plant found in the Phil
ippines which it may be possible to
plant. If not already growing in. the
strip of forest selected. This is a strip
lone-half mile wide extending for eight
1 11 l 1: i 1 J m I A t.
miles aioug eaca iue 01 tue ruau ue-
tween Atimonan 'and Lucena.
Coconut-growing is an industry
which is attracting a great deal of at
tention in the Orient. A Manila paper
reprints an article on the subject from
Grenier's Rubber News of the Feder
ated Malay States, in which an ex
pert Is quoted as saying: "An average
tree should give in a decent soil in
against large corporations, particular
ly those of a monopolistic nature, and
if the attacks upon such institutions
continue in the next session of Con
gress the effect is not likely to be re
assuring, and will delay if not serious
ly hamper business recovery. Hand
ling of the big corporations had bet
ter be left to the courts than to Con
gress. "At first sight, this array of unsat
isfactory conditions seems quite for
midable. It is to be noted, however,
that their effect has already been
largely discounted. Stocks have de
clined from 10 to 20 points and over
in the leading shares, and in the pres
ent temper of public opinion there is
danger of a too extended bearish in
terest. It should also be noted that
many good stocks have declined to a
point that renders them attractive in
vestments. Shrewd buyers can now
select sound stocks that will pay C
ler cent and bonds that will return 3
per cent on their present valuation;
r.nd buying of this character will aid
in increasing confidence in the gen
eral business situation.
"The January disbursements this
year will reach about $23tt,otM),ooo; a
much larger sum than last year owing
to the increase in security issues ana
to the increase in a number of indi
vidual dividends. With less tension
in the money market at home and
abroad, with low prices and with the
January investment demand close at
hand the immediate outlook of the
market has decidedly improved. An
other favorable factor is the record
breaking foreign trade returns for
November, imports reaching $153,000.-
uoo and exports $277,tixi,oou."
The Swiss Commercial Union, the
i chief aim of which is the education
of young men engaged in commercial
pursuits, has, according to the annual
report Just published, a membership
of 18.000, with 87 district sections.
That the educational facilities provid
ed by the union are appreciated is evi
denced by tbe 525 classes under in
struction during the past school year
with 11,800 pupils. Of these, -49 per
cent were, acquiring languages, 34 per
cent followed the commercial course,
and 17 per cent general school studies.
Apprentice examinations were held in
28 districts and of 1,100 candidates, 994
passed successfully and were awarded
Two new and important books were
published by the union during the
year, commercial arithmetic and com
mercial law. The Schweizerische
Kaufmannische CentraJ-Blatt, an ably
conducted Journal published by the
union, attained a circulation of 15,400.
Tbe lecture courses -were unusually
well attended;' the sick-benefit funds,
the savings funds,- the helping fund,
and the employment bureau 'were all
operated successfully, the latter hav
ing procured positions for 2,242 mem
bers... . !
its eighth vear 50 nuts and. there is no
reason why 100 should not be picked
from trees on good oiL On some of
the islands in the Paeific I nave seen
re of ,:.nori ..it ..(nnrnUivfited.
ririn n mran of 120 lt the tree
onH in cttn. nn FvA-anr tni. I
picked 4,599 nuts per acre." r -
Sufficiency of funds for the expenses
of the Floral Parade is reported b k
of the Floral Parade are reported by ve the streets on the route of the
the mourning tor. tkeir late emperor ' Floral Parade-tn good condition be-
tbe Japanese will not hold their usual tore the date of the event.
lantern . parade, tblsc time. . ; - I , "
- . ; It is ,the opinion of some lawyers
Promotion Secretary Wood reports :tht Honuolulu cannot have the pro-
375 tourists as having arrived since,; Posedf new v charter, transferring
the first" of January. ,: j powers from territorial .to municipal
During the month of December 89
horses, 63 mules, 6 dogs and 701
crates of poultry were imported at
In December 8353 plants' were dis
tributed from the government nursery.
Besides these to the general public,
16,250 plants were taken by planta
tion and other companies, . From the
nursery afHfltf 12,490 trees were dis
tributed last year. -
That corporations do have souls Is
evidenced by the raising of $2400 by
sugar and ranch companies in Hama
kua to advance to Ak&ka, a Chlnese
rice planter, to buy animals to take
off his- crop, his entire working stock
having been destroyed for glanders.
Albert Raiss, a leading member of
the San Francisco stock exchange,
here on a visit,, has expressed the
opinion that sugar stocks are about
as low as they will go. He anticipates
a favorable reaction in Hawaiian se
curities before long.
Frank Henderson has been appoint
ed manager of the Pacific Develop
ment Company, whose plantation is in
Kona, Hawaii, rubber and sugar be
ing raised. He succeeds the late L.
F. Turner, who was accidentally killed
on New Year's Eve by a falling tree.
Secretary Meyenis asking Congress
for $100,000 as , quickly as possible to
complete the naval station hospital
at Pearl Harbor.
A difference of one letter discovered
in the spelling of a long native name
in the description of lands in Puna,
Hawaii, may lead to the acquisition
of title to two square miles of terri
tory by W. H. Shipman from the,
For homestead and settlement '-. pur
poses only, the Maui Railroad and
Steamship Co. has conveyed to the
government 412 acres of land in Ha
makualoa, Maui, with the exception
of about 80 acres for rights of way of
established ditches. There is a long
list of reservations of rights of way
with compensation in the future, for
railroads and ditches. The consider
ation is one dollar, but the company
is to receive all the proceeds of
grants of land to settlers.
Nearly ten thousand were added, to
the population of Hawaii by excess
of arrivals over departures of steer
age passengers in 1912. Of thatium
ber more than 6000 were Filipinos and
more than 13D0 Japanese. - Of 2500
others the most were Portuguese and
No time is to be lost in opening for
sale in two lots the 216 acres of land
at Hilo lately released to the gov
ernment by the Waiakea Sugar Com
pany. A department of sugar technology
has been added to the College of Ha
waii, with Professor Herbert S.
Walker in charge. The professor has
had wide experience in Porto Rico
and the Philippines and has already
worked in Hawaii.
The plans of the large office and ;
warehouse building of the Honolulu j
Iron Works have been altered to make j
it four stories high instead of three. !
It will cost about $175,000.
Four hundred acres of land are tc
be opened for homesteaders at Kala
heo. Kauai, near the homesteads for
some years established there. They
During the year, $164.ooo was ex
pended for educational purposes, of
whicn Jl 17.3W went for teachers" sal
aries. ,The Swiss Federal Government
gave the union $38,286. the Cantons do
nated $28,178: rie communes and coun
ties $21,230, and commercial organiza
tions $11,773, while tuition fees
amounted to $314,933. Decisive meas
ures that were taken by the union
brought about higher wages to enable
its members to meet the increased
cost of livins. and a new form of em
ployment contract was adopted.
An analysis of the membership
shows that 62 per cent of the 18.000
members are above 25 years of age, 33
per cent between 19 and 25, and only
3 per cent are less than 19 years; 89Va
per cent of the members are Swiss.
12H Per cent foreigners; CO per cent
are single and 40 per cent married.
German is the native tongue of 83 per
cent of the membership, French of 8
per cent, Italian 4 4er cent, while 5
per cent have other native tongues;
14 per cent are employers and 86 per
cent employes. "VThe union has been
iri existence over 50 years and the St.
Gail sectionals preparing for the cele
bration of its fiftieth anniversary in
December next. Consul D. I. Murphy
in Consular Reports.
will contain 20 acres instead of five
or ten acres as in the old ones.
Charlts F. Wood, representing a
Philadelphia company building the
Hilo breakwater, has bought lie Kos
mos steamer Sesostris stranded irf"
tjuatenaaia and stands to clear more
than $100,000 in floating her. -
.The road committee promises fn
By two army transports on Tuesday
the United States troops here have
been increased by 2300 men.
An amicable arrangement having
been made with the Rapid Transit
Company regarding the construction,
tbe company has begun the paving
of Its snare of King street where the
board i'of' supervisors has. laid bitu
lithic pavement. ,
' Bids for building the $100,000 arm
ory for the N. G. H. here were opened
at the public works office today. Re
suits will probably be found in the
latest news columns.
Three parks are to be established In
the rehabilitated Auwaiollmu section,
the particular habitat of the Portu
guese nationality in town, and work
has begun on an $30,000 contract to
construct new streets and sewers
The schooner Luka has been des
patched to Fanning Island to relieve a
scarcity of provisions there, in which
the British cable station shares, owing
to the failure of a supply ship from
British Columbia to make the voyage
in the time arranged.
It is proposed to have a Territorial
bond issue of $2,000,000 for harbor and
wharf improvements at Honolulu, Hilo
and' Kahulul. The harbor commission
will adopt concrete construction
throughout, it having been shown that
the wood structures of the past cost
enormously for maintenance.
At the annual meeting of the First
National Bank of Hawaii at Honolulu,
the U. S. depositary here, the report
of President Cecil Brown intimated
that the erection Qf a bank building on
its site, at Merchant and Bishop
streets, would not be undertaken until
the condemnation suits for the federal
building site in the vicinity had been
determined. The value of the busi
ness done by the bank the past year
has been $107,276.06, the largest yet
done by the association, and the net
earnings have been $63,407.98. The
surplus is now $200,000. Total asfsets
are $2,804,327.98, and the bank holds
$1,786,613.23 deposits. Directors were
reelected as follows: George N. Wil
cox, George P. Castle, M. P. Robinson
(v fee-president ), H. M. von Holt, L.
Tenney Peck (cashier) and Cecil
F. L. Waldron. Ltd., has been award
ed the contract to supply the 1. S. A.
commissary here with potatoes in
February. The quantity is 13oo sacks,
or 3oo more than was lequired for
Ihis month. The potatoes come from
California and Reatle antd all have to
be hand-picked for quality.
A resolution has been adopted by
the chamber .f ommere- uigitm the
recognition of the republic of China-
by the I'nited States.
Willed it Gray show that the aver
age bond price of f;iir reflniim sut?ar
for sixty-eight years past has been
I 3. sir,.
Japan v-iH l ave l'"l. tons of
suar from Formosa this y. nr ami her
borne production will be i;".' tens.
Japan will have to import about :'.''.
'"" tons to make up wha' she needs
for domestic- consumption.
Luilding Inspector Mieh!!'in esti
mates it will cost $22,iMio to keop the
s hoolhnijs's and grounds i:i good ron.
di'W. Tor the year.
A comparison has b-en made of eos;
"f ei avations made by the Oahu Kail
way and by the municipality, showing
l!'!2 cents a cubic yard fur the former
against 90 cents for the latter. I: is
: f stated whether evrythi;;g wu
t-q lal in conditions.
Hawaii having been left out of a1
bill to help the farm ins industry, going'
. (trough congress, the Honolulu M,-;-j
chants' Association has cabled to lel-i
igate Kalanianaole requesting him to
: look after the interesrs of this terri
tory in the matter.
Progresn has been reported in the
srherre for amalgamating t he com
i rrt-n ial bodies of Horn lulu. Thn draft
of constitution is now in thi- hands of
, the joint committeemen.
Dr. Pillsbury of the Academy of Nat
ural Science of Philadelphia, is here
Ut investigate 4he snails of Hawaii. It
is hepHl he will find the mollusks the
slowest creatures in the islands.
An appropriation is before Congress
of $ro(i,iH0 for the land and sea ue-
: fenses of Hawaii, indicating that the
j lortifications of Oahu are to be in
1 reaped to the extent recommended by
; an army board convened here las
T .1 .-, . . . J! .1 i . l.j
v iiuci a uusi uetu jusi recorueu.
the Honolulu Lava Brick Co.. Ltd.,
makes an issue of $73,000 first mort
gage, ten-year, 6 per cent gold bonds.
Sixty of the bonds will be $1000 each
and thirty $300 each. None may' be
Sold under 93. The morlae i.s to
1 net Henry Waterhouse Trjt Co., Ltd
The immigration bill has cone back
1 from conference to both houses with
j its provisions practically unaltered. It
is hoped that supplementary leglsla-
uon can oe ODiaineu later to exempt
Hawaii from the literacy iesi of the
law, which If applied to hiaii. wjuld
J stop the introduction ol immigrants
from the south of Europe
Colorado's beet .su;ar crop for 1!12
was nearly double that for 1'iu, biing
ing an Increase in mou;y of more than
seven million dollars. Tho beot grow
ers were paid nearl7 (en millions for
their crop. The valu of sugar pro
duced wa3 120,782,991. If tariff cnang
es do not Spoil the prospect, it is
hoped by the Colorado people to make
their state the greater beet sufcer
country in the world.
About $60,000 was collector for
water and bewer rates in Honolulu in
the .semi-annual collection period end
ed this week; which is the greatest
similar realization on record. Water
brought nearly $50,000.
Lloyd George, the English chancel
lor, has definitely set next.Septemhe
as the time of his visit to the United
StateM "v ' ;
Sons Co., Buffalo, N. Y., will be at our store
on January 20th, and a few days after, ready to
tell of the newest designs in Wall Paper and
schemes for interior decoration.
Lewers k Cooke,
STATEMENT OF RESOURCES AND
Cash on hand and checks..
Cash in bank.
Due from A:c:its
St.ccK.3 in other corporations
Loans demand ami lime...
Office furniture aud fixtures
Accounts due us a: interest .
General accounts due us . .
Asse ts other than those
Employes" pension fund and
, . 6 .
Territory of Hawaii
City and County of Honolulu)
I. John R. Gait, Treasurer of the Hawaiian Trust Company, Limited, do
solemnly swear that the above statement is true to the best of my knowl
edge and belief.
JOHN R. GALT,
Subscribed and sworn to before me
Notary Public, First
3447 Jan. 18.
Henry Waterhous? Trust, Co.,
STATEMENT OF CONDITION, DECEMBER 31, 1112.
Cash on hand and In bank. $117.922.4 4
Real estate 31,537.12
Stock and other investments 59,510.37
Mortgages secured by real
Loans, demand and time .. 296.55S.15
Furniture and fixtures 4,000.00
Accrued interest receivable G,t89.40
Territory of Hawaii ) ' . - v
City and County of Honolulu )ss t . ,- -
I. A. N. Campbell. Treasurer xf the Henry Waterhouse Trust Co., Ltd
do solemnly swear that tbe above statement is true to . the best of my
knowledge and belief. . , : A?NCAm'pBE1iiI, '
Subscribed and sworn to before me this 2nd day. of January, 1913.
. : JNO. GUILD,
Notary Public,' First Judicial Circuit.
5434 Jan. 3. 4, 11, 13. , - 'tili
You will find a visit to our store during
Mr. Morgenthaler's stay of unusual in
terest, for it is notMten that one has an
opportunity to see such a variety of
beautiful wall decorations.
Special appointments on request.
177 So. King Street
Limited. t 1
LIABILITIES. DECEMBER 31. 1912.
Capital fully paid up $200.0to.tX
Employes' pension fund... 10.00.Um
Trust and agency aects...: 211.063.0')
IJabiUties other than those;
specified above , 393.00
Cndivided profits '. 141.41S.SO
this Uth day of January, A. D. 1913.
J. E. O'CONNOR.
Judicial Circuit, Territory of HawalL
22, 23, Feb. 1.
50 paid in $100,000.00
Shareholders -lia- 1 5
bUlty ... 100,4)00 V ;.v.
Undivided profits 130,519.60
Trust and agency accounts. 335,530.62
Other .liabilities " 229.31
of the great
M. H; Birge &