Newspaper Page Text
umm,zm,, m m.-k 'X 1 1 ri. aw
DIRT gets into the
KA - HANA
gets it out in quicker
time than it takes to
All grocers should
sell it; most of them
do- If yours is one
who has not caught on
ring up Fred L. Wald
ron, Telephone 12.
LgvgI TXto Eoi1, b'ack or Waianae tandi corai
or rock furnished to fill up depres-
Jt Olir LOt lns or bu up terraces.
Phono 890 P. M. POND
Your machine will be ready for
you when we say it will be. We
don't experiment on autos; we repair
Von Hamm- Young
ALEXANDER YOUNG BUILDING.
W. W. WRIGHT & CO., Ltd.
GEO. S. WELLS, Mgr.
HOTEL ST. PHONE 191.
Repairing by Expert Mechanics.
Schuman Carriage C. Ltd:
Received ex Alameda a New Ship
incnt of Latest Styles in
1028 NUUANU St
WANT A WIRE BED?
Honolulu Wire Bed Co.,
Bulletin Business Office Phone 250.
Bulletin Editorial Room Phone 183,the Bulletin office.
On Display at our Garage
1009 MODEL "G" RUNABOUT.
FRANKLIN "D" TOURING CAR.
AGENTS, FOR .THE KISSEL KAR
C jl BEtjN
Car No. 184 can now
be found at
Large imported work horses for sale.
jg'Tor f-enf cart's on tale at
THESE arc OUR
IN BUSINESS CIRCLES
Oalm stock has furnished live rtilcf
source of comment In tin; business sec
lion during the past week, anil fur
pood 1 cation.
Hnd tills stock received n perma
nent black cyo for tlio present season,
It Is probable tliat there would have
been a Kcncr.il slump in the prices of
stock nil along the line; not because
there would bo any good rearon for It,
but Just that people go that way.
Oalm was hnmmcrod down In the
eaily part of the week as a result of
the rumor that the dftvldcnd would bo
cut from two per cent to one or one
and a half. Under the circumstances,
a cut of this character would undoubt
edly have brought about a fear anions
Iho holders of sugar stock that the
policy of reducing dividends was to
become general mid tho strike situa
tion was more serious than they had
supposed. Thcru would ho no good
excuse for tho rush to sell. Hut
crowds don't need 11 good excuse, they
simply go when they get started.
It Is not known that the directors
of Oalm tcriously considered cutting:
tho dividend. At all events they did
not cut It and they nro to bo congrat
ulated for their falluro to act In this
Instance ns It Is understood that tlio
plantation Is In a very strong position
lunnrlalty and Mnuugcr Hull Is mak
ing 11 lino showing with the force of
strike breakers with which ho Is op
erating tho property during tho Btrlkq
of his Japanese.
The stock market has been cry ac
tive mid elosos with a rush of trading
at very good figures. Pioneer has como
(o tho front on tho understanding that
Its two per font dividend will be main
tained tluough tho season. Walalui
has strengthened very materially al
though only a very few shurcs changed
hands below ninety, and tho stock
was strong nt 01 cm Friday. Walalua
could Increase Its dividend, Is tho gen
eral belief, but tlio management Is
ultra conservative, and what Is flnnlly
done will probably depend very much
011 the general Industrial conditions of
Oalm Hallway stock has made a
steady ndvanco through tho week on
icrount of tho assured success of the
refunding of Its Indebtedness ut 5 ier
cent (hereby Insuring a saving of $20.
000 a j ear In interest. Tho stock has
sold at 1!'J and on Friday wan 1.10 bid
and 1.1." UHked. Tho refunding has
bein very successful, u largo part of
(ho bondholders exchanging their old
bonds for tho new S-pcrccnlH. This
has licin p.irtlculaily truo of thu bonds
held as Investments for trust funds.
Those who lake a chance In specula
tion have told the Oalm railway bonds
and taken up llllo railway V-pcrccnts
Tho bond market has been quite ae
tho on account of tho Oalm railway
deal. Olaa (is have sold at 96.7.1 and
rioneer Gs bold at 101,
The monthly statement of tho Stock
Exchango shows Oalm Sugar, Ewn ami
Hawaiian Commercial still holding
their own ns the popular trading
stocks. Onhu showed tho largest fluc
tuation selling us high ns Wt ami ns
low ns 28?4. Kwn viulod from 29 to
2714 while Ilawnllan Commercial wns
very steady at 3014 ami 30, Olaa,
Oalm Hallway, Walalua, Honoknn, and
Pioneer Mill were next In Hue In point
The dividends announced nt tho end
of tho month wcro the usual flgmci
with the exception of thu semiannual
3 per cent dividend on tho picfetrcd
stock of Hapld Transit and tho quar
terly one per cent on the common
stock. The dividends paid out Juno
30 and July 1 amounted to fully $250..
000. Ab Honoluju has .been buying In
Its own stocks at the rate of millions
In tho las' two years, thero has prob
ably nover been a period In the history
of the Teirllory when a laiger percent
age of the dividends was paid to peo
plo resident In tho Islands. This twslit
to make prosperity and the town Is un
questionably very prosperous. At the
r.amo time the $3000 a day paid out to
tho strike breakers each night. ImH a
more enlivening influence on tho peo-
21-2x41-4 31-4 x 4 1.4
3 1-2 x 3 1-2 3 1-4 x 5 1-2 4 x 5
0 ex. 12 ex. 6 ex. 12 ex. C ex. 12 ex.
25 '4 ?5 '45 3 . '6o
Each Doz. Each Doz. Each Doz.
.04 .45 .05 .60 .06 70,
plo at huge than tho whole quarter
of a million that went through tho
banks by way of the dividend pay
Tho first slntcmcnts Issued on June
30 In connection with the banks and
trust companies wcro those of lllshop
& Co., lllshop Trust Co., Ltd., and the
Henry Wulorhouso Trust Company,
Ltd. Tlicfco statements show a splen
did condition. The same may also be
said of thn First National Hank of Ha
waii, whoso statement wns published
during tho week under the usual call
from the comptroller of the treasury.
Money Is leported to bo easy for good
securities nt nil tho banks, and on the
mainland cheap money Is a feature of
the situation where a prompt return
of prosperity Is promised.
Kcports of crop conditions from all
tho plantations aio very satisfactory.
Sugar Is piling up In the warehouse
considerably but this Is always tho
case nt this time of year. The prlco of
sugar has held at a very good flgure.
There is very little fluctuation, 3.92
having held firm for a week or more.
Hcets advanced slightly oh Friday and
tho European market appears to be
strengthening. Cuba Is turning out a
crop that will como up to the highest
Ijilior conditions aro unchanged. The
visit of tho Japanese warships which
tho Agitators heralded as most fav
orable to them was marked by expres
sions of disgust on tho part of visiting
officers thu any Jnpancso hero should
have stirred up trouble by striking.
The International feature Is n coin
pleto fizzle nnd tho report Is general
that the strikers are short of funds.
What the Japanese Intend to do Is
haul to Bay. Many people bellcvi
thcro Is no dependence to .be place 1
on them. And the time Is fust n
pioachlng when tho industries of tho
Islands will bo no longer dependent on
them. Thcio Is now every prospect
that the labor forces of the Territory
will bo supplemented by something
like three thousand men, other than
Japancso, between now nnd tho first
of tho year. Tho number may bo
more or less, but under any clrciim
stances as tho months go by the Jain
ancsq will be less and less a factor In
the' local labor market. And he will
have no one but himself to thank for It.
A. .1. Campbell teportn from Wash
ington vory favorably on tho prospects
of his European mission. First class
winkers from Portu nico have arrived
during the month of June. These men
nro carefully selected and nearly all
have been assigned to Kahtiku, where
there will soon bo mien a, well organ
ized force or citizen or "eligible" labor
tjiat the plantation will bu entirely In
dependent of Japanese. Tho friendly
position of the President and thn fav
orable rulings of tho Department of
Commerce and Iilior will do much to
ward hastening this Immigration.
Woik nt Pearl Harbor anil at all the
fortifications Is progressing well. The
arrival during tho coming week of Mr.
Hlnes, Iho manager of tho San Fran
cisco Hrldgo Company, will hnvo much ;
to do with the progress of tho construc
tion of (ho new dock, Mr. Mines will
confer with Walter Dillingham, tho
local ngent, nnd who has tho contract
for tho dredging.
Contractors of tho city aro expect
ing to soon heir something (mm the
Hurenit of Construction on iho con
struction of tho houses and shops of
tho Naval Station. Queries have, been
made of n nature to lead our people to
believe that iho local contractors will
bo given nu oven chance with those of
The leal estate market continues ac
live. There Is much liuylng of smalt
lots for homes and small homes. Tho
hanks nro repotted to tin lookluglwlth
fnvor on real estato'imd somn am irir-
Mlriilarly liberal with lliose building
'Iho Hnal IM.Uo Exchange reporta
tho salo of nil the lots In tho Knlmul.l
Park tract with the exception of tlireo
NEW RANKING OFFICER IN ARWlYiiCooKing is playing,
AND ONE WHO JUST RETIRED
With the retirement of I.leiitciiinl (ienornl A'Muir Mai Arthur nt
the nge limit of 04 years terminates an anomalous dtiu'inn In which that
officer has found himself during the last two ye'ir- With his letlit
ment tho grade of lieutenant general on tho arllvi list of Hi' army teas
es. It probably will not bo revived except ns n spit In I honor for one
who distinguishes himself In battle. Tune urn now six lieutenant gen
erals on tho retired list at $8,2.10 Hjlury n je.ir. They uio Nelson A.
Miles, S. M. It. Young, A H. Chaffee, John (J. Hales. Henry (!. Corbln
nnd Arthur MncArlhiir. (ieueial MicArthnr has been busy for several
wooks nt his homo In Milwaukee piepailng n report im his ohici vat Ions
while with the Jnpancso army In .M'liiehurln. With the letlreiiient of
MacArthur, Major (leneral Leonard Wood, now commanding the depart
ment of tho east, becomes ranking officer without increase of rank. This
protngrnph of the general and Mrs. Wood was tnken nt (lovcrnor's Island
STORY OF VICTIM
OF SUGAR TRUST
Cruel Work Was Done in Wrcckine;:
Segal's Sugar I
NEW YOIIK, June I. John (1. Mil-,
burn, chief counsel for the Amerlcii'i ,
Hugnr tleflnlng Company In Iho $30,-1
(ii)0,0(ii suit biought against the trust
by tho PeniiKylviuiU Sugar llellnlugj
Company, continued at eslorday'n ses j
clou of the trial the crui,n-oxaniiu.illon
of John Spirluiwk, Jr., who has been!
personal counsel for Adolf Secal for '
several years. The cross examination
was largely dovoted to the testimony
given by Mr. Spnrhawk on Wednesday
concerning tho Intel lew or January li,
1903, between blmsi'.f, Juhn E, P.iikoiis
ami Sj.iniuel Untoriuor. llolli Mr.
Sparhnwk nnd Mr Unteriuyer were
present, ns the icprcientntlves of Adolf
Segal, to iirrauge means whereby Se
gal might run the new rellnei) belong
ing o the plallilirf company.
Thu witness said that Mr. wuter-
mycr declared that the $1,230,000 loan
made to Segal by tho trust was a vio
lation of tho Sherman anti-trust law
Mr. Spaihawk would not admit that
tho word "criminal" wns used but lie
said that. Mr. IJnteimyor staled "dip
lomatically" that In his opinion the
loan wan a criminal violation of the
law. Something was said also about
Its being n violation of the New York
State statutes, but tho witness could
not remember well enough to specify
what sections of tho luw wcie referred
"Thcro has been a default In tho In
tel est Inntallmcplj duo on Jnnuity 1.
or four Hint aio now under negntl itlon
'I ho prompt nilo.of Hicho lots Is one of
tho liert Judfc.nth'i'iu of iho f.unr.ibl
trend. of real estate.
Work on tjio' fence and blteeh'is of
tho new Atliletlo,Pari wag begun io -
day by Fied Harrison, who has the
Our formula is:
190.1 and July 1. 1903, wasn't there"'
asked Mr Mllhurn.
Offered Interest for Coupons.
Tho witness appartil' wan nnliu
to explain but Mr Mllburn shut hit ;
off. Mr Sparhawk did succeed how
ver In getting In liln explanations in'
er. Hn laid that payment or tlio in
tercst duo had been tendered to John
E. Parsons on the stipulation that tic
would return to Segal nil the cnupoms
'Ibis Mr. Parsons lefused to do. The
Intel est due amounted to betwten ?o.
ooo nnd $SO.ooo. No actual t mlcr of
suy pirl of the principal hud been
umdo, salil Mr. Sparhawk, but It could
liitvo been paid had Mr., Parsons ac
ceded to Mr. Untcrnuor's icqucsl that
Segil be allowed to operate Did re
finery under Iho trusl'fl supervise
mid tin u out 1,000 barrels of sugar a
Mr. Parsons would not iternilt this
for fear, It was s.il.l. (hat tho operation
of lliu rellnen would weaken the se
curity for Iho $1:iU.0iiU loan.
Th" witness said that Mr. Parsons
wan then nsked to extend the loan for
n enr. This the l.iwjer would not do
until he had umsultcd Mr. Havemeyer
rollowlng Mr Kp.iihnwk. Snmiiel
Unteriuyer was called to tho w linens
stand, lie piiiluced tlm corresKind
ence between him nnd John E Parsons
concerning tho proposed arrangement
fo'r Segal's operation of the Pennsyl
vania Coinpanv'n Idle lellnerv Other
wpT' Mr I'liteiniver's testimony was
Hrgely'n cnrrohcmtlnn of wlnt Mr
rpiihuwk bud mil ruuperulti,T tlio In
terview In .Iruiu.il x 190."
Mr I'niiinijii said he told Mr Par
Mins Hint Mr Segsl would not be able
In p-iv the hull in IwnK as ths reflnvrv
Houses To Let
2 bedrooms .$15
3 bedrooms. . IS
Judd St. . . 2 bedrooms. $20
jJ TJ1 TD Qt fill fn
' -! i-v. KJtlClLiUIl
74 S, Kinu St,
9 EVERY DAY can be
- Sunday for the
cook v.'hen you
1 the woman who
ilea d una Jiuve.
Tor vacation tcdinp;.
BROWN & LY01I CO . LTD.
Alcsa'vVr Tonne TtH"'
Tor covcrins Wall-Paper,
Plaster or Wood.
The ideal sanitary wall cov
ering". In many tints.
Sec cample in actual use 'in
new iooiri of the Alexander
Lewers & Cooke,
177 S. King St.
iss May Johnson
Has acquired the city agcnty of the
Citizen Labor Sanitary
which she will conduct at her Curio
Stote on Hotel street, near Union
3tiTct, m Honolulu. Phone 1G9.
Prices reasonable. Satisfaction
cunrantccd. Work left before 8:30
a. iu. can be returned same day by
aro the shoes that prove.
REGAL SHOE STORE.
Klnir & Bethel.
Dr. J. H. Raymond i
PHYSICIAN A1ID SURGEON. ' j
Oilkc with Dr. 0. B. Wood, 1G0 Here-'
tanin Street. !
Office Hours 10 to 12 a. m., 2 to 4 '
p. m., 7:30 to 8:30 p.m. .'
Telephone Office 2-1; Residence 14G0 ,-,
FOUR AND A HAIF PER CENT
interest paid ou
BANK Or HAWAII. LTD
Surplus nnd Capital.... $1,000,000.
roinalind cloved II" " I' in also
that Mr Segal ton' I :, . . r.pltut
amounting to $ luO.000 to run tho ru-
lluery with In refusing to permit Mr.;'
Segal to open the refiner) tho trust,.
was "ruuiilng Segal to the wall," eaur
"Is there nny ronson why jnu would
not caie to name tho person who was
willing to furnish Segal with thu $100,-
ooo cupltul?" nsked Mr. Mllliuru on"
"Certainly not," said Mr I'ntcrmycr,
"It was Charles S. Wainer ot Syta.
Tho trust's lawyer wanted to know
If Warner wasn't the uiati who con
tinued tho Knickerbocker refinery lit M
i.uguwuier, n. u. 1110 'Mihchh upin r
snow, out nad nonru ttir.t mi Warner
was a sugar mun.
jmsir:t:: :i UiTz:
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