Newspaper Page Text
THE MAUI NEWS, SATURDAY, OCTOBER 1, 1910
Of Commercial Interest
By L. D.
- - Honolulu, Sept. 27.
The stork market. is just now ex
periencing what is prolmbly the
greatest slump in the history of the
Stock Exchange, or v systematic
stock trading in the Islands. One
stock after another has Im-cii knock
ed down like nine-pins before the
onslaughts of a professional bowler,
and no powf r has seemed able to
save the day. Stocks have lieen
sold and are still offered at prices
that would have caused a smile only
a week ago, and former confidence
has given' way to speculation as to
when the unseeable, unknowable,
mysterious bottom will le reached.
Small stockholders, forming . the
speculative element, are throwing
their holdings into the down-hearing
whirlpool in the hope of draw
ing out something near the money
represented by their stocks.
The situation is so complicated
that it is hard to identify? the im
mediate cause or causes of the
slump. Certainly it is not a lack
ol ready money, lor -tins city is
bulging with cash. Some charge
the depression . to the very unsatis
factory state of the sugar market,
the prioe of sugar steadily declining
in New York for several weeks.
Some charge it to large simulators
-men of means liearing the market
so as to make "clean-ups" at oppor
tune times. Still others, charge it
directly to the immigration plank
in the Democratic platform, as
urged by Mr. McCandless. It is
very probable that all of these
causes haW had their effect to the
end indicated, although just what
proportion may be charged to them
individually is problematical. '
The slump started in early last
week, but had not developed alarm
ing proportions until about Friday.
On Saturday came the landslide,
which crowded most stocks to the
bottom and severely staggered others
that were supposed to be mountain
solid. This depression continued
without considerable break all of
yesterday and is still on. And the
end is not yet in sight.
. MAUI STOCK.
Maui stocks have received .some
pretty hard raps, along with others,
although Wailuku, Paia and Haiku
are held in such way as to protect
them, in a large measure, from or
dinary stock manipulation. Pioneer
and Hawaiian Commercial, how
ever, have been severely jolted . A
week ago today 25 and 15 shares of
Pioneer a total of 40 shares, sold at
$227.50, the sale value being $9,100.
On that day $227 was freely bid for
the -stock, although the asking
figure had ' leased off during the
morning to $228. It is needless to
go over the daily decline of the
stock since. Suffice' it to say, that
today the stock is offered at $224,
while only $220 is bid. The pro
babilities are that it can be ' pur
chased for $220 or less.
The drop in Hawaiian Commer
cial was not so severe but none the
less interesting. A week ago today
$39,625 was bid for this stock and
$39,875 asked. Today it is $37.50
bid and $38 asked. On Thursday
25 shares sold at $39.75; on Friday
25 went at $39.50 and later on the
same. day 15 shares changed hands
at $39.25. The total was 65 shares,
valued $2570. Up to this writing
San Francisco has been silent on
the remarkable drop in Hawaiian
. Commercial, indicating that the
cause is not letter understood there
On Saturday 50 shares Wailuku
Bold at $185,' the total value lieing
9,250. Since then there has been
no quotation on this stock, but it is
so closely held that any stock ap
pearing at the last sale figure woul
probably not go begging.
Paia, Haiku ami Ulowalu are
practically out of the market. The
last bid for Paia (nearly a week
ago) was $147 and yesterday $151
was asked for it. Haiku is m altout
the same, shape. Olowalu coul
probably be purchased for a little
less than $150.
If the depression continues (and
such seems quite' likely, fit least for
a time,) lth Pioneer and Hawaiian
Commercial will probably range
even lower than now; while Paia,
Haiku and Olowalu will disappear
from the trading until the panic is
Put Maui stocks have gotten off
lucky compared to the experiences
of some of the others. In "the week
ending today the following slumps
have occurred: Ewa, $33 to $32.
375; Olan, $6.25 to $5.50: Oahu,
$32.50 to $30; Honokaa, 1817.875
to $13,375; Waialua, $129.25 to
$120.50; Onomca, $4!) to $48.75.
It will be observed that the sharpest
decline was in Honokaa and Oahu,
witji Waialua a close third. On
Honokaa the drop was $22.50 per
$100, -Oahu $12.50 and Waialua
88.75. Honokaa and Oahu being
820 a share nnd Waialua $100.
HUM io'T ANTS OUT.
Delegate Knlanianaole, Col. Sam
Parker, W. C. Achi and party are
passengers in the Maunn Ken today
for Hilo, where they will start the
campaign for the Republican party.
They willhold meetings at Hilo
and then make a circuit of the big
island. Asked as to his intentions
in regard to Maui the Delegate said :
My tour of , Maui is still in the
lands of the committee. The date
of my arrival on, that island will
depend upon whether we decide to
leave Hawaii at some 1 lan ink ua port
or, on the Kona side. At anyTate
will arrive at niluku m ten to
twelve days. It is my intention to
visit and speak at all of the import
ant places, on Maui, making Wai
luku the center of operations. The
exact date of my return to Honolulu
is notyet settled. .
PASatNaCft FOR MAUI.
The. following are booked for
Maui, per the Claudine, sailing
from Honolulu Friday afternoon:
Kahului Mrs. A. H. B. Judd,
Mrs. Eckardt and two children,
Judge Kingsbury and wife'. ,
WORK ON LANAI.
John T. McCrosson is very enthu
siastic over development operations
on the island of Lanai. He states
that his men have cleaned the old
reservoirs there and are re-cement
ing them ; the water sources are be
ing developed and tunnels are being
run for the purpose of bringing the
water out upon- the land. The
general scheme is something like
that followed in Hamakua, except,
of course, in a much smaller way.
Mr. McCrosson feels confident that
he will be able to supply ample
water for all purposes and that he
will soon make of Lanai one of the
most fertile spots in the Hawaiian
WALSH CHILD OCAS.
.The many friends of William
Walsh, of the Hawaiian Commercial
& Sugar Company, and wife will be
pained to Slearn that the young son
of the Walshes, aged about 16
months, died yesterday in this city
and under circumstances of a parti
cularly touching nature. Mr. and
Mrs. Walsh left a short time ago
for California, on a vacation, leav
ing the children in the care of Mr.
and Mrs. Jas., Kirkland here. The
little boy was taken sick and on
September 17 Alexander & Baldwin
cabled the parents, advising their
return. Complying with this mes
sage, the Walshes sailed from fcan
Francisco in the Lurhne last
Wednesday and will arrive here tor
morrow morning. The sad news
was conveyed to them by wireless
TO TRY FOR CONTRACTS. ' '
' James L. Young, of the Lord-
Young Engineering tympany, is a
passenger in the Mauna Kea- today
for Hilo and Kahului for the pur
pose of looking over the breakwater
propositions at the' two places. It
is stated that his concern will bid
on the remainder ol the worn at
Hilo and will make a stubborn fight
for the contract at Kahului
THI IAO EXCURSION
The plan for an excursion from
Honolulu to Wailuku and Iao val
lev is still a hit in the air on ac
count of the continued bad weather
Seen about the matter yesterday
afternoon Manager Kennedy, of the
I. I. S. N. Company, said: - A
week ago I had hopes that by now
the weather would have cleared and
we would be able to get to work,on
the excursion plans. But I am
now afraid that the winter ranis
have started in. It is rather early
for the wet season to lx'gin, lit it
certainly looks as though we are al
ready in lor it, and l am now
inclined to feel that we will have to
give over the excursion until next
spring. ' postpone the event,
however, would lie a disappointment
to me as I had had every hope of
its success." .
The Lurline brings several large boilers
Judge and Mrs. McKay arrived from
the Coast on the Lurline. -
The Steamship .Ntvadan arrived at
Kahului Thursday morning, with general
freight for Central Maui.
Dr. Aiken, has been intending to take
a trip over to Hana, but owing to a press
of business will be unable to go until after
There was rumor to the effect that the
Democratic ticket was to be changed, on
nquiry the rumor simmered dcwn to
onlyNi pipe dream."
V. G. Scott of Taia was obliged to buy
a new hat this week, as alt his old ones
were too small. He is the happy father
of a 94 pouud girl.
Charlie Rose is wearing the smile that
wont come off these days. Hit wife pre
sented him with a boy Thursday night.
Mother and son are doing well.
4 UC IUlinil 9 VTUllll Ul L 1 1 U V. l M 1 1. 1 1 ui
the Good Shepherd will hold its regular
business meeting at the Rectory, Wai
luku, on Wednesday, October 5th, at
2:30 p. m. .
AntoninoGarciastatcsthat even though
he did not obtain the nomina tion for re
presentative from the Republican con
vention, he is going to be a good republi
can and vote straight.
The new uniform for the Wailuku
band, is on the Lurline, and the boys
are wondering whether they will have
them in time for the concert at Kuau,
which is the anniversary of the band's
Farmers in the Kola section report
good rains, and crops in excellent con
dition. The potato crop however, seems
to have suffered from some blight. They
grow well at first but are attacked while
n the best form. - -
The celebration of Our Lady of the
Rosary at Kuau Catholic Church will be
held Sunday, 1 October 2nd. After the
celebration a bazaar will be held, and
the usual sale of fancy articles will take
place. Trains will be run from all points
Mrs. Luoia O. Case, mother of Mr. D.
H. Case, who has been spending a few
months visiting relatives and friends on
the islands,' left on the Mauna
Kea, Friday evening for Honolulu. Mrs.
Case sails for jthe Copst on the Lurline,
October 4. J
There has been a shortage of commer
cial lumber at Kahului, which has neces
sitated the importation of timber from
Hilo. Until their next vessel comes' in,
which is as yet indefinite, the shortage
continues, and building operations are
J. D. Kennedy, the Jeweler, will be on
Maui as .usual during the month of
October. Showing a very large line of
all the latest styles in jewelry and taking
orders for anything in the jewelry line.
It will pay you to wait until he arrives
and show you the new styles in jewelry.
The Kaupakalua Winery is working
full blast, and they expect as large a crop
tLis year as for 1909. Grapes are being
planted" extensively in Waiakca, Kuli
and the growers have the assurance of
the Kaupakalua Winery, that as soon
there are enough, a Branch plant will be
established at that point.
Dr. Aiken, the Kahului dentist, i'
going over to Lahaina Wednesday, and
will remain there for the balance of the
The Count and Countess Von
Zedevitz have been the guests of
Manager Weinzheimer since their
arrival in town.
Mrs Dr. Wood of Waialua, has
been visiting at Lahainaluna.
The daughters of Mrs. George
Gibb are studying at Oahu College.
Mrs. Rogers of wailuku was in
Lahaina several days last week.
The Lahaina Garage has moved
a short distance around the corner
from the old stand.
David Taylor has been appointed
Notary Public, and is occupying A.
N. Hayselden's office.
Mr. and Mrs, J. E. Gannon visit
ed friends in Paia last Sunday.
Peter Davison fell from a tree
last week. Two scalp wounds re
quired ten stitches.
Mrs- C. W. Hudson, wife of the
assistant engineer at the Pioneer
Mill, arrived on the Mauna Kea on
September 20, and returned to
Honolulu on the Claudine, Septem
ber 27. .
The large bible now in use at
Holy Innocent's church, was pre
sented many years ago by Mrs.
Hall of Jacob's Court, Bintield,
Haleakitlani lias received a new
There was a pleasant family
gathering at the residence of Mrs.
Howena Hose in Kaanapali last
Anno unce mm n t
The Maui Dry Goods & Grocery Co., Ltd.
Maui Dry Goods & Grocery Co., Ltd.
I Remember YoCir Credit Is Good
L. .. . . ...
Hana, Sept. 19,-1910.
Editor Maci. Nkws,
In connection with the able ex
position of dispensary affairs in Cen
tral Maui, as set forth' -by Dr. Os
mers'in a' recent issue, it may be of
interest ta give a few facts concern
ing similar conditions in East Maui.
Hana district, comurisinfir the
greater portion of East Maui is
geographically isolated, from the
rest of Maui. The district is 00
miles in length with alxmt 2Qjniles
of side roads and trails in addition
t i the main highway, of which only
the middle 25 miles consists of
wagon roads. By land therefore,
Hana is separated from the raods
in Kula on the southeast by '25
miles, and from those of Makawao
on the west, by 1$ miles of .saddle f
trail. The only regular steamer
communication with Kahului con
sists of one trip a week from Hana
and one (weather permitting) from
Tile work of the Government
Physician in caring for the indigent
sick, is rather arduous, the milage
traveled being almost twice as much ;
as the agregut,e of the four other dis- j
tricts in the county, and incidental
ly the greatest of any district in the
Territory. The patients are over
; Among so many indigent patients
it is obvious that there are many
who require hospital treatment.
Malulani Hospital as already ex
plained is too difficult of access to
benufit any, but a very few cases
from the district. Few hospi'al
cases are able to take long horseback
ride3 over difficult country, and
neither sickness nor accident can
often lie suitable timed for catching
a steamer. This need for a local
hospital by the way is by no means
confined to the indigent, many per
sons quite able andv willing to pay,
feel the deprivation.
I have in mind at present, one
patient who died as the result of an
overland journey to Wuiluku, and
many whose ailments could have
been more quickly cured and whose
suffering greatly aleviated had they
The Busebnll Situation.
The baseball season in America is
far enough along now to determine
who will lie the champions in the
two big leagues, barring accidents.
In the American Ix.'iigue, Philadel
phia got away to a good start early
in. the season, and all the other
clubs have been making a stern
chase of. it. Many an enthusiast
has lieen looking for Detroit to
make a grand finish as they did
last yeiir. I think, however, they
will look in vain, as .Moriarty and
Delehanty have both been out of
the team for a long time and Mana-
gfr Jennings could not get Ins
second string men to fill the shoes
of these two steiling players. The
Boston team ol youngsters who
were known all over the circuit last
year and this as the "Speed boys"
have earned the title, and they
have Uen putting up a really mar
vellous brand of bull all season, but
had hospital care instead of being
treated in isolated and frequently
Another argument in lavor.oi a
local hospital for this particular dis
trict, is the deep'rooted conservatism
of the Hawaiian people, and the
aversion (especially when sick) to
Ix ing among strangers.
Mimming up, the ocnctits ol a
local hospital would bo twofold
First giving to the people thelienefit
enjoyed by other communities whicl
is denied them by geographical posi
tion. Second it would greatly in
crease the efficiency of the Physician
both by providing him with modern
means for the treatment of the
afflicted, ami by reducing the great
demands on his time enabling him
to see daily, patients that otherwise
could not lie seen more than once in
Very truly yours,
V. B. PEAS, M. D.,
Gov't Phy .sieiaii liana
this team has not the seasoned
players to stand the strain of a
hard drive down the homt stretch.
They will liardly finish higher than
third or possibly fourth. 1 look to
New York to be 'the only team
equaled in to giving Philadelphia
any kind of a rub for the pennant.
In the National League, Chicago
seems to have the edge'on her near-esi"rivH-l
Pittsburg, for the bunting
this year, that peerless leader,
Frank Chance, can lie relied upon
to keep his nose in front of the
Pittsburg jii rates or any other team
for that matter till the finish line
is crossed. Then comes the tussel
for he World's Championship.
The National league champions
have beaten their American League
rivals three years in succession, but
this year the Americans look to me
to have the better all round team.
I shall compare tho two teams later
on, man for man, and give my
reasons for thinking the Americana
the Utter team.
In the Coast League, Portland,
Oakland and San" Francisco are
having a battle royal for the pen
nant, and though from last advice
San Francisco was in third position.
I look for them to come from be
hind and win, as they can stand a
drive. They have the hitters, and
when right their pitchers can hold
their own with anything in the
The Promotion Committee.
According to a letter received from
H. P. Wood, Secretary of the pro
motion Committee, the committee
have made arrangements with Mr.
Boniue, the moving picture expert,
t make a net of transparencies of
Maui views, which transparencies
will 1 on exhibition in a prominent
place in tho rooms of the committer