Newspaper Page Text
j lMjy. , " f ' - HONOLULU STAB-BULLETiy; MONDAY, DECEMBER 31, 1917. ;
Fort Street, near Queen
- - jm. yiy i i i if
i IlilrflflWinniT Hin h -i Hnnnlnln Stnfck Fxchanne OniniTm ninnilTP CANADIAN WAR IS- ,
4k. III I lllltl K. II I H mm I II 1 i vmvimim vwV ' - ' . m M I I I I I I III I I (( ft
r ni ibnuN anu
Paaubau and Hutchinson Sugar
Companies have cut their monthl
dlridends (or 1918 according to. a let
ter from San Frsncisco which has
bees received by shareholders In botii
companies here from President John
Buck of the two concerns. Hutch
inson's monthly dividend has been re
duced from 30 to 20 cents a month
and Paaubau has cut from 30 to 13
cents. The nw rates become effective
January 6. 1918.
j " The physical condition of both com
? panles is reported excellent and
stockbolderfire Informed that furtb-
. r disbursements in the form or ex
tra divldeoM will be made If condi
tions warrant them. The letter to
tlockholders In both companies fol
The year of 1917 has been a period
of extreme uncertainty and readjust
ment in Joe business world, and in no
line of. endeavor has the departure
from normal standards been more
marked than In the sugar industry.
"Startittf with a price comparatively
low, the tendency was, except for a
period of recession in the middle of
the year, uniformly upward, as it be-
came "Increasingly evident that the
V current Cubans crop was not equal to
"Vthe demands made upon it.
K -On October I, 1917, the food ad
: xni&lstrator intervened, and the re
; cent chaotic condition in sugar re
sulted. The food, administration still
exercises control over the industry
and will during the duration of the
. war. The price which this company
- will receive for its 1918 crop will be
dependent upon the price to be fixed
I It the food administrator,
j . In addition to the" uncerUinty "of
j irlce,5 you ' have been Informed
v through the public press that the Ha
, wailan islands - experienced ' during
' ' 1917 a drought of considerable sever
! ity, affecting some districts to a
! greater degree than, others. The et
fsct ct this dry spell cannot be proper
j Ij- determined until harvesting has
commenced and the sugar count of
; the case established beyond question.
"In addition to the conditions men
tioned above, your company, In com
mon with all other Hawaiian planta
I tlcns. finds itself; confronted; with an
.Increased production cost due to ad
vanced prices in, all lines of material
i as well as a substantial increase in
! ocean freights. The federal war in
s cme asd excess profits taxes will al
so have to be reckoned - with. The
amount due for these taxes is estimat
ed Aa be equivalent to a dividend of
- between 5 and 10 cents per share per
month, -y : '"' :;v.'.:'--....;..'..;.'
'AfttrH: Consideration of the con
. d! tiers your directors, bellevlns;
- x that policy of conservatism should
denJstte the conduct of this com
pany's affairs at this .time,; have
adopted a dividend rate of. 15 cents
' per share, payable on January 5, 1918.
and cn the fifth day of each succeed
ing month, thereafter, unUl further
' -.ctice. - " - . ' '
"The physical condition of the com
panies' properties is excellent, and as
conditions shall warrant further dls-
- tun stents will be made in the form
ct extra dividends ' " -
trs should be few and very unpopular
during the next six months, accord
ing to plans formulated by . Internal
revenue Commissioner Roaer for col
. lectlcn of about X3,000,000,od0 ao-cnlled
Liberty taxes from more than 7.000.
CC3 persons before next Jaly 1.
. rSniile when yon pay your income
tx;. It means a tear for the kaiser--I
is is one of the representative ak
tans which probably win be adopted
in a nation-wide campaign to promote
a patriotic flrit among : taxpayers,
most of whom will be subjected to a
direct federal tax for the first time.
Surrestlons "for other slogans are
solicited. Here are two already re
ceived: Liberty tax or war indemnity
Which would yon rather pay?, Think
cf this when making out your Income
' tax- return- ; ' ' t .
, ."Every dollar of your Income tax
roes to the boys in the trenches. Help
them to early victory."
Letters were sent to every advertis
ing club today bj Commissioner Roper
astir" their cooperation. Advertisers
s.tci-J7 be asked to insert these suc
cinct tax sermons' in their 'published
dlEjlaya. The campaign is in charge
cf C B. Horrey, . supervisor of busi
ness cooperation -for the, revenue ; bu
reau. ' - ' vV v.'-''- t - v i '
Every county eeat or ; other . im
portant communitywlll Ttj rlsited dur
ing January and February by field of
ficers of the revenue service, whcrwill
aid Individuals in making , out their
GRAND OPEfJING AT M0ANA
c'lg tonight at Moana
ainond Head wing, spe-
f w - - . .
Axrt rvtr, news u iw
. s t Jtvi(tnnBi an1 tn
' fcpfmai must; uui vuu.M
.iUUscIrg later; ,v i-V - rr
Ouf friends and patrons, the army
t-d navy and the public generally are
ror,'?:iv invited to attend. Adv. . .
WEEKLY PRODUCE REPORT
By A. T. L0NGLEY, Marketing Superintendent.
ISSUED BY THE TERRITORIAL MARKETING DIVISION
FOR WEEK ENDING DEC. 28.
Practically no change has been
made in the market prices during the
past wee. The most important sales
were In turkey, chickens, and duck
ued for the holidays. The shipments
of turkeys received before Christmas
were greatly in excess of the ship
ments received at Thanksgiving.
1-arge shipments of beans are still
being received from Maui tnd unless
the sales increase, it will take three
to four months to dispose of the
crop. And rather than have their
beans held here that lon, in all prob
ability the farmers will demand that
their beans be shipped to the coast
In this event a shortage in the bean
market will soon follow and with a
Small consumers cannot uy at theso prices
Island butter, lb 50 Hens, lb 35 to .37
Eggs, select,, dozen 75 Turkeys, lb 40 to . 4 2 1 i
Egs. No. 1, dozen 73 Ducks, Muse, lb 28 to .30
Eggs, duck, dozen 60 Ducks, Pekin, lb 28 to .30
Young roosters, lb 43 to .47 Ducks, Haw., dozen 6.75
Beans, string, green 03 to .03Vs Rice, Haw. seed v 6.90
Beans, string, wsx 03 to .04 Peanuts, lg., lb .' 06 to .07
Beans, Lima In pod 03 Vz to .04 Green peppers, bell 07
Beans, Maui red 8.00 to 8.50 Green peppers, chili 06
Beans, calico 10.00 to 10.50 Potatoes, Island. Irish 2.00
Beans, 'small, white 12.00 to 12.50 Potatoes, sweet 90 to 1.00
naatl HnTon hnnrhf 50 Pntitnci awaot raA 1 fi( in 11
Barron, aozeu uuncnes u xaro, cwi 1.10
Cabbage, cwt. 2.50 to 3.00 Taro, bunch 15
Corn, sweet, 100 ears 2.50 TJomatoes 05 to .06
Corn, Haw., sm., yel 75.00 to 80.00 Cucumbers, dozen 35 to .50
Corn, Haw., lg., yel 72.00 to 75.00 Pumpkins, lb 02 to .02
Bananas, Chinese, bch 30 to .50 Pineapples, cwt 1.50
Bananas, cooking bch 1.25 Papalas, lb .02 to .02 Vi
Figs, 100 1.00 Strawberries 25
Grapes, Isabella,' lb 07 Island oranges, 100 1.00 to 1.25
Limes, 100 None
, Cattle and sheep are not bought at live weight They are slaughtered
and paid for on a dressed weight basis.
Hogs up 150 pounds 14 to .16
Beef, dressed, lb 15 to .16 Mutton, dressed, lb 18 to .19
Veal, dressed, lb 15 to .16 Pork, dressed, lb 16 to .21
HIDES (WET SALTED)
Steer, No. 1, lb. 18 Kips, lb 18
Steer, No. 2, lb 16 Goat, white, each 20 to .30
Steer, hair slip 16
. The following are price on feed, f. o. b. Honolulu:
Corn, snu, yeC ton ............None Oats, ton 71.00
Corn, lg., yel, ton 80.00 to 86.50 Wheat, ton 94.00 to 95.00
Corn, cracked, ton ..... 85.00 to 89.00 Middling, ton 69.00 to 70.00
Bran, ton 57.00 Hay, wheat, ton 48.00 to 54.00
Barley, ton 68.00 Hay, alfalfa, ton 47.00 to 48.00
Scratch food 80.00 to 92.00
Considering the fact that daring the
past : month u number of woild-wide
events have taken flace which might
have affected the prices, linral sugar
stocks have shown a solidity and fit ni
nes that can only te accountnd by
the fact that local investors are not
plunging or raidlog, but'bayms and
selling 4 with, care.
A O NO ME A'S STANDING
Onomea Sugar Company's entire
crop of 21,022 rons Las been tent
abroad and 43 tons have been sold
here. The total estimated credit of
the company is $767,384.04. .
- International lnatltato of Agricul
ture at Rome fiax-complled estimates
of world crops, which show increased
production r of .com. oats, potatoes,
rice, sugar beeU and tobacco. Flax
seed, rye, barley and wheat fall lolow
five-year average of years 1911 -IS.
Wheat produced in 17 countries, not
including Cental Powers, Is S6.6 per
cent, of five-year nverages, flaxseed
69.8 per cent, rye 92.2 ?er cnt, bar
ley 96 per cent; ts 113.9 per cent,
rice 115.5 per wnt. potatoes 112.4 ter
cent, sugar beeta per cent. Corn
production is esUmrjed to be 14.1 pef
cent more than five-year avorage,
R. R. EARNINGS SMALLER
October report! from j76 big Amer
ican railroads show net earnings
after Uxea of $96 31. 733. This is a
decrease of $13,710,10 under the cor
responding figures for October, 1915.
A Butte despatch says that the Ana
conda Copper Company, is rushing the
erection of Its-new copper wire plant
at Great Falls, Mont. The plant will
be ready next pring and it is expected
that the company will next erect a
brass works. The capacity of tht
company's sine smelter is being in
creased S3 1-3 'per cent, or to 8,000,000
pounds of spelter monthly.
, Fire losses for 1917 have been ex
ceptionally heavy and it is probable
that the end of the year will see a
total of $275,000,000. This will repre
sent the largest total with one excep
tion that has ever been reported, the
exception being 1906, the year of the
San Francisco fire.
WAR AND INDUSTRY
Investigation of 13 industries by the
department of labor in September
shows Increase in number of em
ployes in seven Industries and a de
crease in six. Industries showing de
crease were car building, boots and
shoes. -cotton manufacturing, cotton
finishing," silk and cigar manufactur
ing. Increases were found in making
of hosiery and v underwear, woolen
lack of bottoms and the increased
freight rates, the people of Honolulu'
will find themgelves paying a great (
deal more for imported beans thai)
they are now able to buy the local1
The division i trying to'induce the
restaurants rf the city to u?e local;
beans entirely and fo far have been,
fairly successful. 1
We are receiving small shipments1
of white sweet potatoes which are1
very good and selling as low as $1.15.
a hundred. These same potatoes are
being sold in Honolulu from that price,
up to $1.50 a hundred wholesale. j
Kggs and poultry have remained ;
the same with the exception of hens
which dropped two cents a pound.
goods, iron and steel, automobiles,
leather and paper, Largest Increase
was 10.6 per cent, which was in mauu
faeture of men's ready-mde clothing,
and was due to supplying uniforms for
the new armies.
ACCEPTANCE RATES RAISED
Directors of the Federal Reserve
Bank of New York announced that
they have established a minimum rate
of 3 per cent and a maximum of 4Va
per cent for the purchase of accept
ances in the open market. The rates
heretofore prevailing 'have ranged
from IVx to 4 per cent.
Secretary of Commerce Redfield
predicts that German business will
try to gain trade after the war by
craft, energy and application. He ad
vises study of German trade theories
and of "the artful and formidable or
ganisation that, with government aid
at every turn, has been built up in
Germany during the last 20 years to
dominate the world markets."
Federal Reserve system has made
use of the trade acceptance for do
mestic exchanges practicable and
Bafe. Trade acceptances have been ta
use for a long time In England, wheie
they hae proved valuable for facili
tating trade and strengthening credit.
The new 25-cent pieces in circula
tion since August have caused so much
inquiry as to their genuineness that
the director of the mint has announced
that a slight change in design was
made to improve the beauty and
stacking qualities of the coins. On
the face of the quarters draperies of
the Goddess of Liberty have been re
arranged and on the reverse the flying
eagle has been placed higher with
three stars beneath.
J. P. Morgan & Co. are offering $15,
000,000 British treasury ninety-day
bills on a 6 per cent discount basi3.
This Is the same interest rate carried
by the three previous offerings.
In -an assessment appeal at Toronto
the courts ruled definitely that Domlu
Ion war bonds are assessable for mu
Gains of $20,400,000 In gold reserve
and $21,900,000 in total cash reserve,
together with Increases of $54,200,000
In investments and of $31,800,000 in
net deposits, were indicated by the
weekly bank statements issued by the
Federal Reserve Board at the close of
business on Nov. 23, 1917. .
Alexander &. Baldwin ...
C. Brewer &. Co.
Ewa Plantation Co.
Haiku Sugar Co
Hawaiian Agr. Co
Hawn. Com. & Sugar Co.
Hawaiian Sugar Co. , . . . .
Honokaa Sugar Co.
Honomu Sugar Co
Hutchinson Sugar Plant.
Kahuku Plant. Co
Kekaha Sugar Co
Koloa Sugar Co
McBryde Sugar Co., Ltd. .
Oahu Sugar Co
Olaa Sugar Co., Ltd
35 40 j
30' 2 32
30 40 I
150 175 j
29: 2 30
23' 2 24' 2
Onomea Sugar Co. . .
Paaubau Sugar Plant.
Pacific Sugar Mill
Paia Plantation Co
Pepeekeo Sugar Co
Pioneer Mill Co
San Carlos Milling Co...
Waialua Agr. Co. ........
Wailuku Sugar Co.
Endau Dsveloplng Co. ...
1st Is. Assess. 7 pc. Pd.
2nd Issue Paid-up
Haiku Fruit & Pack., Pfd.
Haiku Fruit & Pack., Com
Hawaii Con. Ry. 7 pc. A.
Hawaii Con. Ry. 6 pc. B.
Hawaii Con. Ry. Com
Hawaiian Electric Co. . . .
Hawaiian Pineapple Co..
Hon. Brew. & Malt. Co..
Honolulu Gas Co., Ltd...
Honolulu R. T. & L. Co..
Inter-Island S. N. Co
Mutual Telephone Co...
Oahu Railway & L. Co..
Pahang Rubber Co
Selama-Dindinga Plant ..
Rnlama-rjindinpB, '70 pc.)
Tanjong Olok Rubber Co.
Beach Walk Imp. Dirt...
Hamakua Ditch Co
Hawaii Con. Ry. 5 pc...
Hawaiian Irr. Co., 6s....
Haw. Tar, 4 -. Rafwntf . .
Haw. Terr! 4 pc Piro imp
''w. Terr. Pub. Imp. 4 pc
Haw. TerrM Vz pc
Hilo Gas Co., Ltd., 6 pc. .
Honokaa Sugar Co, 6 pc.
Honolulu Gas Co., Ltd., 5s
Kauai Ry. Co- 6s
Manoa Imp. DisL 5'2 pc. .
McBryde Sugar Co, 5s ..
Mutual Telephone 5s ...
Oahu R. & L. Co., 5 pc. . .
Oahu Sugar Co., 6 pc...
Olaa Sugar Co, 6 pc
Pacific Guano & Fer. Co.
Pacific Sugar Mill Co, 6s
San Carlos Milling Co. ..
tea e 1
Eetween Boards: Sales: 45, 60
Olaa, 4.87V 225, 120, 100 Hawn. Pines,
35.50; $8000, $1000, $11,000 Honokaa
6 pc, 92.50.
Session Sales: 10, 25 Hawn. Sugar,
31; 100, 100, 100, 100, 25 Olaa, 5.
Dividends, Dec. 31: Ewa, .20; Ka
huku, .10; Hawn. Pines (70c ex), 1.00;
I. I. S. N. Co, .75; C. Brewer, 5.00;
Honolulu Gas (50c ex), 1.00; H. B. &
M. Co., .40.
Dividends, Jan. 2, 1918: Haiku, 1.00;
Kekaha, 2.00; Koloa, 1.00; Paia, 1.00;
Pioneer, .20. -
No session of the exchange, Jan. 1,
Latest sugar quotation: 96 deg. teat,
6.0025 cents, or $120.05 per ton.
Henry Watemouse Trust Co
Members Honolulu Stock and Bons
Fort and Merchant Streets
Consulting, Oesignlng and Con
Bridges, Buildings, Concrete Struc
tures, Steel Structures, Sanitary Sys
tems, Reports and Estimates on
Projects. Phone. 1045.
t " ' I " ' ' . 1 1 - 1 -1 . . .
for next Christmas season, by joining our Christmas
Savings Club, which begins next Monday, January 7.
It makes gift-buying easy.
You will never miss the small weekly deposits, and
on December 15, 1918, you will have $12, $24, $48 or
$96 with interest, according to which plan you select.
THIS IDEA IS POPULAR BACK EAST
Stop in at once and let us explain this plan in detaiL
Or drop us a card and we will mail you an explanatory
letter. Better do this today.
Bishop & Company
MARKS LAST ' 1 7
The last session of the Honolulu
Stock & Bond Exchange for the year
1117 was featured this morning with
spirited bidding in every listed and
unlisted security and out of the
scramble Olaa emerged with a gain o(
an eighth of a point touching once
again the $0 mark. On the board 32j
Olaa sold at $5 and between boards
lv'i went at the old figure of $4.87 1-2.
There will be no session of the ex
change tomorrow. New Year's Day.
The only other stock to trade
hands on the session w-as 35 shares
01 Hawaiian Sugar at $31, a weaker
price than the last sale Between
boards 445 Hawaiian Pines sold al
$33.."0,a considerable drop over the
price of the last sale. Some investor
or investors made a handsome profit
hy taking $20,000 Honokaa 6 per cent
bonds at $92.50. Evidently the buyer
or buyers were folks who had junt
received their money from the re
demption of the Pacific Sugar Mill
bonds to the extent of $500,000.
Seven concerns paid dividends to
day. On Wednesday. Pioneer will be
gin paying dividends of 20 cents
which is half of the old monthly fig.
The dividend paid by Hawaiian.
Pines of 30 cents and 70 cents exira
today applies only to the old stock
and not the new issue. Six stocks will
pay dividends Wednesday.
In the unlisted securities, tfadihg
in Kngels Copper continued at a
slightly weaker figure: 175 share?
selling on the board at $4.40 and be
tween sessions 370 sold at $4.45 ana
100 at $4.40. Also between boards 500
Montana-Bingham sold at 36 and 100
at 37 cents while on the board 700
brought 36 cents. Madera held at 31,
2500 going this morning and 700 be
fore the session.
UNION OIL CUTS MELON
Local stockholders in the Union
Oil Co. of California were notlfed by
letters received in the mail this morn
ing that at the meeting of the board
of directors of the company on Dec.
18 at Oleum. Cal., a stock dividend of
10 per cent was declared. This' dlv
dend will be paid on March 15 to stock
holders of record between Feb. 16 and
Feb. 26. The board announces in the
letter that this dividend Is not in any
way in lieu of other disbursements
and that the board will meet early in
January to declare the usual dividend.
Since the announcement Union Oil
stock has made a solid gain of 5
points, now resting in the vicinity of
Monday, Dec 31.
Honolulu Con. Oil
Engela Copper Mining
Mineral Products Co..
Mountain King Mining
Montana Bingham Co.
Madera Mining Co....
Sales: 3000 Mineral Products, .08;
100 Engels, 4.40; 370 Engels, 4.45; 100
Bingham, .37; 500 Bingham, .36; 700
Madera, .31; 700 Bingham, .36; 2500
Madera, .31; 175 Engels, 4.40.
One hundred cars of coal consigned
to lake ports for shipment to the
northwest were ordered seized by the
mayor of Akron. The coal was sold to
relieve the fuel shortage.
Distillate, Crude Oil and
DU RANT-IRVINE CO, LTD.
45 King St. Phone 1962
BRITISH, FRENCH and
CANADIAN WAR IS
SUES are now selling at
prices to yield from ftl2
to 18 per cent.
C. BREWER & CO.
SHIPPING AND INSURANCE
FORT ST., HONOLULU, T. H.
List of Officers and Directors:
E. F. BISHOP President
G. H. ROBERTSON
...Vice-President and Manager
...Vice-President and Secretary
A. GARTLEY Vice-President
E. A. R. ROSS Treasurer
GEO. R. CARTER Director
C. H. COOKE ....Director
J. P. G ALT Director
R. A. COOKE Director
D. G. MAY Auditor
P. H. BURNETTE
79 Merchant St. Phone 1846
Commissioner of Deeds
California and New York
Draws: Wills, Deeds, Mortgages and
all Legal Documents
THE YOKOHAMA SPECIE BANK,
Capital subscribed. . .yen 40,000,000
Capital paid up... ...yen 30.00o',000
Reserve funds .yen 22,100,000
S. AWOKI, Local Manager.
Cluh starting January 7, 1918.
BISHOP & CO. Savings Dept.
E. C. PETERS
10 McCandless Bldg.
Honolulu, T. H.
Stocks, Bonds, Securities, Loans
Negotiated, Truet Estates Managed
HAWAIIAN TRUST CO., Ltd.
Stocks and Bonds
Real Estate Insurance
Safe Deposit Vaults . .
Authorized by law to act as Trustees, Execu
tors, Administrators and Guardians
CASTLE & COOKE, Limited
General Insurance Agents
Fort and Merchant Streets
Just received and can be had for the asking,
" WAR TAX"
A synopsis of the War Ta&
with accurate tables and concrete
examples of its application to
Transacts a General Banking
Invites your account and guaran
tees safe and efficient service.
Exchange. Letters of Credit and
Travelers' Checks issued ca
and Insurance Agents
Hawaiian Commercial & Sugar
Haiku Sugar Company.
Paia Plantation Company.
Maui Agricultural Company.
Hawaiian Sugar Company.
Kahului Railroad Company.
McBryde Sugar Company.
Kahuku Plantation Co.
Kauai Fruit & Land Co., Ltd.
B. F. DILLINGHAM CO, LTD.
Fire, Life, Accident, Compensation
Money to Loan
HOME INSURANCE COMPANY OF
S16 Fort Street Telephone 3529
J. F. MORGAN CO., LTD.
Information Furnished and Loans ',
-v ; --Made ... . .
Merchant, Street Star Building
; Phone 1572
Electricity, gas, screens in all bosses.
Pine new 3-bedroom house, $30.
Neat furnished cottage for two, 118.
For loan on mortgage, $10,000.
J. H. SCHNACK
824 Kaahumanu 8t Tel. 6247 or 8131
Life, Fire, Marine,
Baggage or Accident
Ask the -
Bank of Hawaii, Ltd.
Cor. Fort and Merchant Bis,:'
;. . for a copyC'?'--'.v-?
' '- it
.1 ' . .
r w! 4
' 4 '
. ' lit j
i .4 -
s - ' , - ' i '