Newspaper Page Text
THE MAUI NEWS, SATURDAY, OCTOBER 8, 1910
Of Commercial Interest
By L. 1). Timnioim.
Honolulu, October 4.
The stock miuket in the past week
has undergone sweeping changes,
but an quotations are left pretty
much as they wer at Jibe start, lit
tle harm and considerable giiod has
come of the hustling up. It has
worked good for the reason that it
ha9 practfcally cleared the situation
of the email speculators and left
substantial investors and operators
with a clear, sane field to work in.
The sagging process, which was well
under way a week ago, continued
on until Friday, when tlwre was a
sudden revival of interest all along
the line. Stocks today are a shade
below the market of a week ago,
but are probably as strong as could
be expected when all the circum
stances! are considered.
The immediate future depends al
most wholly upon the price of sugar.
Of course other things have their
bearing, respectively; but after all
the little messages that come over
the wire from New York stupefy or
revivify the market as nothing else
does or can. 1
Yesterday's oHicial cable gave the
selling price of beet sugar as 9s,
lld in New York, which is about
3.9 2-5 for raws.a slight decline from
the last previous figures. In the,
afternoon, however, Alexander &
Baldwin received a private cable
stating that 3.95 was being bid in
New York for raws, but that hold-
era were insisting on 4 flat. These
figures indicate, that the market had
strengthened some between morning
and afternoon of yesterday.' "
"I lelieve that the lxttoin has
been reached, both as to the price
of sugar and the quotations on
stocks,'.' said a prominent sugar
man and recognized authority' yes
terday afternoon. This is a hope
ful view and it may be correct; but
unless there should occur a consid
erable and wholly unexpected ad
vance in the price of sugar, it may
be accepted as a safe prediction that
there will be another collapse in
stock prices before the end of the
On Tuesday there were two sales
of Hawaiian Commercial at bottom
market, the blocks ling 25 and 15
shares respectively and the price
$37-50. On Thursday the stock
nulled ut sli&htlv. a bis: block of
200 Bhares selliug. at 37.75. On
Friday there was a further advance,
10 and 10 shares changing hands at
$38. On Saturday there were, no
sales, but yesterday two blocks of 50
and 20 shares found buyers at $38
At that point the stock took to the
air, 138.25 being freely bid for it
while holders were demanding 39.
25. It is strong at those figures
Pioneer is one of the stocks which
U n nulla vjuinvttrPfl itfl Inst. TVSI
lias v vv, i . -- - - i -
tion, but will probably do sfi
rim-in? todav or tomorrow. Last
Tuesday, 7 shares sold at 1220,
which, however, was above the
market even for that day. On Wed
nesday came the slump and on
Thursday 20 shares changed hands at
215 unci five blocks of 5 shares
each at the same, but sandwiched in
tietween was a sale of 22 ehares at
212.50. ' Little attention was paid
to the latter, however, as it was
plainly ft desperate drive of the
rs to lower the stock. There
were no sales of Pioneer on Satur
day nor yesterday, and the market
today is firm at $216.50 bid and
$220 asked, ,
The "old reliable'.' stocks, Paia
and Haiku, also appeared in the
trading, but were immovable as to
, price. On Tuesday 50 shares Haiku
at $150, and on Wednesday 20 Paia
chaliged hands at the same, followed
.y 5 shares on Thursday at a like
figure. Haiku is still $152.50 asked
Paia is not quoted today, but $150
can easily be had for either stock
The total salt of Maui stocks
for the week have leen: Pioneer
92 shares, at $20,752.50; Hawaiian
Commercial. 320 shares, I12.29U
Haiku, 50 shares, at $7,500; Paia
SO Bhares. at $4.5UU.
Dividends paid on Maui stocks
during the week have been: Friday,
Olowalu, 2 a slutre. Saturday,
Haiku, $1 a share, $15,000; Paia,
$1 a share, $25,000; Pioneer, $2 a
share, $55,000. Total on Maui
GOOD RAINS ALL OVCR.
Tie ports arriving since last Friday
11 of good rains all over the
Islands. At Hilo, along the north
coast of Hawaii and down in Kau
le weather has leen ideal for cane
the warm weather leing inter
spersed by showers. From all of
the plantations on Hawaii comes
le report that young cane never
ooked better at this season of the
year, lieports oi rain ai ine no-
neer Mill and warm weather at
Paia, Haiku and Hawaiian dimmer-
al are regarded here as highly
satisfactory. On Oahu the weather
could not lie better for cane than it
ms been in the last two months
It is quite warm, and showers seem
to strike in at just about the proper
ntervals. Many thousands of dol
lars have been saved, as practically
no pumping has been necessary on
any of the plantations of Oahu in
many weeks. Reports of plantation
yields coming in this week are a
follows: Wainaku (Hilo Sugar
Company), 12,600 tons, against an
estimate of 12,500 tons; Honokaa,
,600 tons, against an estimate of
11,00 tons. In the case of Honokaa,
about 80 acres of immature cane
mve been carried over to December
for grinding. Even at that, how
ever, the outturn of this estate is a
great disappointment to many.
NAHIKU RUBBER ARRIVCS.
Some of the first rubber turned
out this year by the Hawaiian-
American Rubber Company, of Na-
hiku, Maui, has arrived here and it
certainly shows up well. The finest
proves to be worth $2 a pound, and
the slag $1 a pound. At these
figures it is plain that there is an
enormous profit "in the product. The
Hawaiian-American Rubber Oom-
nanv is cantilized at $125,000. .It
owns 876.85 acres of land at Nahiku
in fee simple anu" 165.83 under long
lease. There are 76,372 trees on the
PASSCNOERS FOR MAOI1
Several notices of bookings havs
been recsived, but to this morning
Mrs. H. M. Wells is the only name
on the list for Maui by theClaudine,
sailing at 5 o'clock Friday evening.
DROP IN H. C. S.
Honolulu, October 4 (afternoon):
Cable reports today gave informa
tion of an immense slump in Ha
waiian Commercial & Sugar Com
pany's stock at San Francisco, and
the sweeping drop over there brought
the market here tlown to the lowest
level in a very long while. Before
the news arrived 40 shares of the
Hawaiian Commercial had sold at
$38.25, but later sales were, of 50,
25 and lS shares at $36, a sheer
drop of $2.25 a 6hare. At the close
of today's session of the Stock Ex
change Hawaiian Commercial was
offered at $36 but could find no
takers. Until further advices arrive
from San Francisco it is doubtful
that mbre than $35 could be obtain
ed locally for the stock
The slump is undoubtedly due to
the remarkable output of beet sugar
in Europe and- the immense gains
made in Cuba.It is now stated that
the total yield this year will run
1,200,000 tons alnive the highest
year in history.
It is assumed here that Hawaiian
Commercial is not the only stock
that is being hit on the Coast, but
that all sugar stocks listed over there
have likewise gone down. If that
be bo it is only a question of a short
time when all Hawaiian stocks will
sympathetically yield to the unto
ward situation, and there will be
lot of cheap securities on thv market
E. D. Tenney, one of the bsl
sugar authorities in the Territory
who returned in the Wilhelmina
this morning from the Coast, stated
to your correspondent that, in view
of the facts above set forth, he be
lieved that sugar would drop to 3.50
Mr. H. P. Baldwin was a passenger by
the Claudine Tuesday.
Judge and Mrs. McKay returned from
the Coast last Sunday on the Lurllne.
Mr. Joaquin Garcia went to Honolulu,
on the Claudine Tuesday evening, on
Rev. Collins G. Burnhatn of Lahaina,
Maui, has bsen visiting Rev. Mr. Ilodge
for a few days
A new shingle roof has been put upon
the Alexander Home under the direction
of Mr: W. R. Patterson.
Mrs. W. N. Harndou of Honolulu has
been visiting with the Walker's at Ka
hului. She returned to Honolulu Tues
day. The side walk in front of the Alexan
der Settlement, Dr. Weddick's and Mr.
Wilbur's begins to look as if something
Judge Dole and Mrs. Dole, who have
been spending their vacation on the
Uiountain around Olinda, returned to
Honolulu on the Claudine Tuesday.
Mr. Hugh Coke, formerly editor of
the Maui News is in town for a few
days. Mr. Coke came, tw the islands on
a business trip and expects to be, he-e
long enough to vote at the coming
Have you been the Fish Market? It is
decided ornament to Wailuku. The
cement floor is splendidly laid asd we
feel sure the fish that are sold in the new
clean place will taste a lot better than
those that previously have been bought
on the streets.
The Women's Aid Society will meet
Wednesday, October lath at 3:00
P. M. at the home of Mrs. I. H. Case.
It is hoped that all members, as well as
those who are interested iu the work for
the coming year and who desire to be
come members, wilt be present.
J. D. Kennedy, the Jeweler, will be on
Maui as usual during the month of
October. Showing a very large line of
11 the latest styles in jewelry and taking
orders for anything in the jewelry line.
It will pay yon to wait until he arrives
and show you the new styles in jewelry
That smile on the face of genia
Charlie Rose has assume even greater
proportions. In addition to having been
presented with a boy last week he was
this week presented- with new uniform
and the biggest horn in the band, which
accounts ior the present size of his hat.
The ladies of the Catholic Church will
give a Bazaar and Dance, Saturday even
ing, October 15., The proceeds will go to
wards repairing the St. Anthony's Girls
School building. This worthy cause
should be well patronized by the people.
The affair will be held, in Wailuku Town
The Wailuku Union Charch will receive
several new members at the Communion
Service to be held at the Church on Sun.
day evening at the usual hour of service.
The new Quarterly Calendar printed by
the Maui Publishing Co. will be distri
cted. At the morning Sunday School
at tea o'clock there will be a short bap-
tisual service, to which parents and
friends of the children are invited.
Lieut. Kaluakini escorted Col. Bullard
to Wailuku on Oct. I.
The Revenue Cutter Thetis was in
this vicinity for several days last week
Mr. and Mrs. Alfred N. Hayseldea en
joyed their very pleasant voyage to San
G. Masuda'a elegant new cash store
was opened for business this week. The
handsome show cases display a large
assortment of useful aHd ornamental
articles, curious, etc.
Postmaster Waal's eleventh anniver
sary of public service was pleasantly re
membered last Saturday evening, when
many friends called at his rooms to offer
their congratulations. 1
Goo Lip's infant daughter Geo Yuh
Lan died on Sunday, after a painful ill
ness. The funeral took place at the
family residence on Monday morning
and the burial was at the Chinese
Contractor W. J Moody expects to
have the Plantation office building com
pleted at the end of this month. It is
L built in a most substantial manner, with
all the modern conveniences. The
dimensions of the Manager's room are
18 feet by , 20; the private office, 12x10;
the map room, 18x20; the general office,
20x29; the' bookkeeper's room, 18x20.
The fire-proof vault is reinforced, and
plastered inside with Alpine plaster, and
metal lathing. The laboratory depart
ment is fitted up with all needful sup
plies. The roof is of solid concrete.
The work has been much facilitated by a
concrete mixer and conveyor.
The Maui Dry Goods & Grocery Co., Ltd.
.Unit . ....
Maui Dry Goods & Grocery Co., Ltd.
Remember Your Credit Is Good
IN THE-CIRCUIT COURT OP THE
SECOND CIRCUIT TERRITORY OF
HAWAII. , " .
In Probate At Chambers.
Iu the matter of the Estate of ALE-
LAN I P. KAHALE, late of Wailuku,
Maui, deceased, before Judge S.
Order of Notice of Petition for Allow
ance of Final Accounts and Discharge iu
On Reading and Filing the Petition
and accounts of L. M. BALDWIN, Ad
ministrator of the Estate of Alelani P.
Kahale, deceased, wherein he asks to be
allowed $155.88 and he charges himself
with $177.36, and asks that the same
may be examined and approved, and
that a final order may be made of Distri
bution of the property remaining in his
hands to the persons thereto entitled,
and discharging him and his sureties
from all further responsibility as such
It is Ordered, that on Monday, the
14th day of November, A. D. 1910, at 10
o'clock A. M. before the Judge of said
Court at the Court Room of the said
Court at Wailuku, Island of Maui, -be
and the same hereby is appointed as the
time and place for hearing said Petition
and Accounts, and that all persous inter
ested may then and there appear and
show cause, if any they have,twhy the
same should not be granted, and may
present evidence as to who are entitled
to the said property. And that notice of
this Order, be published in the Maui
Nkws, a weekly newspaper printed and
published in Wailuku, for three succes
sive weeks, the last publication to be not
less than two weeks previous to the time
therein appointed for said bearing.
Dated at Wailuku, Maui, this 5th day
of October, 1910.
(Sgn.) S. B. KINGSBURY,
Judge of the Circuit Court of the 2nd
(Sgn.) EDMUND H. HART,
Clerk of the Circuit Court of the and
Oct. 8, 15, 22, 29.
Don't think about it but come right
in today and sec the FINEST RUGS
ever brought into these Islands.
for this Climate.
We are afraid to tell you the" Price
because you might think they are Cheap
Goods but the only thing about them
that is CHEAP is the PRICE. s
All Sizes. All Colors.
An Album containing photographs,
Finder will be rewarded by leaving at
or 3.00 before the present year is out. the office.
All persons are warned not to cash
warrant No. to H. II. Allen, issued
by the Territorial Auditor, Honolulu,
May 30, 1910.
Every old subscriber, and
all new subscriptions, paid
In advance, from this date,
will receive the Mali News
for one year for $2.00. Every
family on Maui should read
Oct 8, 15, 22, 29.
H. II. ALLEN.
The Nkws has an opening for a young
man or young woman to learn the print
ing business. A good position, and
rapid advancement for willing worker.
For fresh Mutton send your orders to
the Maui Meat Market. We carry this
meat at all times. Send in your orders
at least twelve hours ahead in order to
give us time to get the meat out of cold
MAUI MEAT MARKET,
LODGE MAUI, No. 884, A. F.fr A. M
Stated meetings will be held at
Masonic Hall, Kahului, on the first
Saturday night of each month at 7.30
f . M.
Vi6iting brethren are cordially In
vited to attend.
. J. N. S. WILLIAMS R. W. M.
t. f. Secretary.
Carriage and Automobile
Corner Market and Main St.. Wailuku
WANTED A young lady to do clerical
work iu office. Apply JJavx Nsws