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Honolulil Soil
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California Oil
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OIL stocks are good so long as" the oil keeps flawing,
but who knows how long the oil will flow. If you
were assured that the oil would flow just as you
are assured that the OCEAN VIEW DISTRICT scenery
will always remain beautiful, your fortune would be
made. We have nothing to say against any oil or
mining company now selling stock in Honolulu or Cali
fornia, for they might make you rich, but we do have a
great deal to say in favor of OCEAN VIEW property.
If you wanta good conservative investment located at
home where you can give it personal attention, we
believe that the OCEAN VIEW TRACT with its high
elevation, ' beautiful scenery and excellent location in a
growing city like Honolulu, will serve you far better
than anything speculative located a few thousand miles
beyond thisea;
-No Oil Prospectus Will Ever Read As Promising As
ij rj.
i ,, .,; , nonoiuiu s ruiure
5
$
The New Ocean Yew Tract
An Ideal Place to Live
Artesian Water
High Elevation
ii
Our Government Improvements, our New Public
Buildings:Qur Tourist Trade, Our Panama Canal, Our
Agricdtural and Commercial Interests, Our Military
Advantages;1 Our Increased Transportation, and Our
ki American Citizenship are a few of the things that will
make you wish; a few years hence, that you liad taken
advantage of our liberal prices and terms, and bought a
few lots in -the
Electric Lights
Delightful Climate Paved Streets Koko Head Breeze
Sufficient Rainfall Excellent Soil Level Property
Cool and Healthful Good Location Pure Atmosphere
Take the Waialac ten-minute service car, and upon .your arrival at Kaimuki
'call at our baaneh office in cKarge of our representative, who will be plea'seH to
ishow- you the propert and supply you 'with maps, literature arid all the informa
tion you may require. Our fixed prices are $500 for corner lotsi and 406. for
inside lots, size 75 feet by 150 feet, or 11,250 sq. feet each. Our. terms are '$5.0
cash down, and $10 per month on each lot. Call up telephone 69 and make
an appointment with one ot cur representatives, v
Kaimuki Land Co., Ltd.
S. Main Office:
King and Fort Streets
Branch Office:
Waialae and Koko Head Aves.
IT ;' ' ' ' ' ' J
IN BUSINESS CIRCLES
Illlo Itnllwny linn furnished (ho
most Important Itoni nf Iho 'local
business world during tho week now
closing, becauso tho plans for llio ex
tension ot thin transportation lino
mean nioro tor Iho development ot
tho country districts .centering In the
town of Illlo than miyihlng that lias
occurred during tho recent 6ra of
prosperity.
Contracts have been signed with
plantations for carrying freight that
tnnttrv'tlin extension of 'tho Hawaii
road to Paahilo nul llamnkna Mlli.',
This extension heyond Hakalau, tho
terminal of tho present wnrk, will
reciulrn n million dollars of addition
al bonds. Tl.'eso bonds havo been
underwritten liy Tl.co. II. Davlcs &
Co., and the road l Vinrnti'.eed to
plantation tliis year, and this enters
prise makes,' up nnn of tho reasons
why the plantation will not pay otit
more than twelv pencflat., at, tho,
very outside to 'lis stockholders .this
year. Tho reinvestment of tho, prof
its, however, will strengthen th6
property materially. And It Is worth
while, knowing that Walalua coulu
probably contlnuo Its nine, per cent,
dividend with Kiigiir at !t.ho or even
lower.
Thn lands Immediately Involved In
ill wo readjusted leases total 1 l,(',8o
acres In tho Kawallna section. The
leases on land and water run for
thlrly-nlno years nl n rental of $i:t,
OOO a year, nnd a two nnd one-halt
per rent, shnro of tho products of
tho lands after passing a certain
liolnl of lncotno.vTho nmount ot land
Is nbout 1200 acres.
arrive at the destination In. 1912.' to bo broiight Into tho cultivated area
Tho stockholders will meet on Mon
day forenoon to acthorlao the, bonds,
and, at tho samo ttmo Increase tho
capitalization nno'.her million dol
lars. One of tho splendid features of
this project Is that It will assur,o thn
reinvestment of n million dollars oi
tho surplus funds now Becking In
vestment, too much ot which Is go
lne abroad In mines, anil oil vn
tures, nnd various bonds brought
here from the mainland. And
through this reinvestment one of the
finest' stretches ot coiiutty In thd
world Is opened up, In tho sense thnt
rapid and Inexpensive tra-nportatlon
Is to ho substituted for thn slow anil
tedious routes of wagon and steam
ship hauling from very dimeult land
ings. The proposition is a snunu
one from the Iioiuiik mei i position.
because tho road goiH Into a coun
try whero tho trado Is already de.
velopcd and waiting mi the platform,
whereas generally a ?w railroad
goes Into new territory to erenlelhe
freight p.iiil tho trad.
In connection with tho negotia
tions of this bonding scheme, quit
a flurry In tho stock has bcon cru,
atcd during tho las, fow xtttka.
There Is no doubt tlu.t this advance
was duo to tho Information regard
ed as a "t'li that was passod nbout
the town among a' ,elec,t few, that
thn plans for thn I'aaulln extension
' .... ...., ml.n
were nraciicaiiy rompiemi.
stoe.'.t reached 17. which w'.ll piob
ably bo the limit for n while, at
least. The present strength ot tho
stock fur sne'ulatlvo purposes Is tho
fact ilia rj" oanu uauwuy wusuuui
n thn rv nlan nnd hut made n
great su ecs. Thoro Is no 'loubt
tlpt pco o can far better afford to
.., , t,., i n.nnnv Intn tills . f limit BBlld
lit iliiraJ 111 ventures of whhh they
know practically nothing, olthoi ns
to tho character of tho management
or the ttablllly of the hsscts beblnil
tho book representations.
SitMUl l$j
A. & 33. Stock Dividend.
Alexander & Jlaldwlii stockholders
nre cnlledl to mcot on tho 28th or
tho month to pas upon an Increase.
In tho capitalization ot'thnt corpor
ation. Thn reason for this Is prob
ably tho samo that has Induced' tho
Increase in tho capitalization pf
other agonclcs conducted as corpor
ations, namely, tho .surplus Is be
coming too largo for tho amount
shown In tho present, capitalization.
Stock Quotations,
sugar stocks havo had their
tips, and downs this week, lull
almost, Invariably downs. Rwn has
dropped to .13.R0 and Oahu to .14 and
n fraction. llnwn!lan Commercial
has sold in good-sized blocks nt
41.25. It Is Interesting to .nolo thnt
this stuck appears much stronger In
San Francisco than In the local mar
ket. In other words, according to
the record ot thn . local stock ex
change, San Francisco has mnro con
fidence In the future of the Island
Industry than the people here. Pio
neer, nftcr selling at 217, revived to
222.00. Twenty nnd n fraction Is
offered for Honokaa, with little com
ing out. Hutchinson, nfter holding
out bravely against the slump, fi
nally dropped to nn eighth below 1!)
on Thursday, Tho cheap stock llkq
Olaa nnd Mcllrydo nro selling In
small lots nt fi'vo and a fraction.
Just what tho market will do after
tho taxes arc paid nnd money begins
to loosen up, remains to he seen. Tho
ordinary prohpets havo retired from
business and hnvo nothing to say.
General opinion is unanimous on on?
point; tho plantations aro Just ns
good now as they were when tho
slocks were selling two nnd three dol
lars n sharo more. Alio tho sugar
price, has remained and will continue
good, well abovo 4.2S on an average
for the season.'
Walter Baker
& Co.'s
CHOCOLATES
and COCOAS
For eating, drinking and cooklag
Pure, Dllclous, Nutritious
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Rtlhltml V. f. Iltut OUm
Breakfast Cocoa, 1-2 lb. tins
Baker's Chocolate (unswect- ,
ened), 1-2 lh. Cakes
German Sweet Chocolate,
1-4 Jb. cakes
For Stle hj Ltadinc Ctoctit la HonotuU
Walter Baker & jCo. Ltd.
DORCHESTER, MA5S, U.S.A.
SO HIGHEST AWARDS IN
EUROPE AND AMERICA
did stock of clothing soon to ba ills'
played In Iho c'ntnrged store;
People Leaving Town.
Business generally has been rather
slack for tho' past 'week. TlAi reason
for It among the retailers of the city
Is found In thejnrge 'bookings or .out
going passengers hound to the States
for their vacation and tho small In
coming lists. Tho summer tourist has
not begun to arrive, although, thlu Is
hardly nn exact truth when Paul dn
Longpre, the, famous artist, aril zed
on tho Sierra with his family,
Plantation Stock Increases.
Another nliiin that will bo handed
out in" the Jlne ofstoclc dividends Is
the proposed Incrcaso In too ,capuai
stock of Kuliuku nnd Hawaiian Sug
ar". The former will ho Increased from
live hundred thousand to a iniiuou
Hawaiian Sugar will bo Incrctsed
from two million to threo million
Theko Increases cover the additional
assets of tho corporation created by
reinvesting tho earnings, in tno
Jllant. There was somo talk ttiai
tho directors of Hnwallan Sugar
woro not ontlrefy agreed as to tho
wisdom of the Increased capitaliza
tion, but, nt all events; the;o ap
pears to be no objection In eight :o
this move. It Is known that last
year, shortly after Hawaiian Sugar
Company paid oft Us bonis, thsro
was talk that Instead ot Increasing
its stock or dividend It would cre
ate n sinking fund for tho purpose"
ot paying oft the stockholders when
the lease of thojiropcrty's lands ex
pired. This is never a popular move
with stockholders. It was talked" ot
In connection With Kwa, but tho
stockholders would not havo It. Thoy
are quite willing to take their
chances on the income paid out us
it Is received, Vbo Idea ,1s too pa
ternal to suit the temperament ot
the average investor of tho present
day, Tho prcsump'tlon Is that Ha,
wallan Sugar stockholders feel the
same as all other average stock
holders.
Waialua's Leases.
Directors ot Wnialua plantation
haver Jiist "completed n lease of land
and water on which negotiations
havo been pending for more tnan n
year. Tho plantation, has for' some
time held a leaso of both tho land
and tho water tor varying periods.
Tho recent negotiations havo been
under way to make, the. land and
venter leases cotermlnal. This hav
ing been accomplished it will now
ba poBsHHo tor the plantation to go
ahead with a line ot water develop
ment, and open up additional lands
that will make an Increase, in tho
crop of at least five thousand tons a
year.
Money needed for .Impounding this
wator and bringing .tho '.additional
lands Into tho cultivated area will
Tho explanation 6f tho money mar
ket situation most generally heard 1
that the great amount of money going
out n the city for foreign Investment
Is causing tho shortage of coin with
tho bankB, nnd tho Influx of sugar re
turns has no( yet becji sufficient to
rnaxo up ino iirnits. '
Independent Stores.
In the. country .districts tho suHlcct
that x agitating iho merchant Is tho
new rule proposed by tho aovornor
under 'which the plantation stores nro
selling the necessities ot life "at cost.
Tho practical effect of this has bcon
thus far to bring tho business of tho
Independent' trader to n standstill.
Wholesaler report that they can '
neither plntc- hew orders nor collect
money for the old, Tho, Independent
traders report that tho customers havo
gouo to'thu plantation stores and they
eco bankruptcy utnilng them- In the '
face. There waj .somo talk tho lat
ter part of tho woek pf thp Independ
ents invoking, the anti-trust ,mw, as'
tho agreement among tho plantation
stores, although made at tho bcjiost of
tho Governor, Is declared to bo In re
strait of trade. Up to Vriday tho
Unltod States Dls'trlct Attorney had
heard nothing 'of any formal com
plaints.
flpM TnilVllASk
Taxes will be In on Monday, and the
largest returns In tho history of tho
Territory aro expected. Tho assessor
has mado some wonderful advances on
some business properties, that remind
tho owners thoy pmtt pay for the pros
perity of tho year, Thoro seems not
tho slightest doubt that tho Incomo
from taxes will be jmic.h In excess of
tho estimate of revenues put ucroro
tho !.eglslaturo at tho last session.
The result will bo that n (surplus in
stead of a deficit will ho shown and n
great financial record spread, on tho
hoards. v
Immigration Tax.
Many pcoplo aro doubting that tha
next Legislature will continue the con
servation nnd Immigration tax for the
purposes iiam'od, but they feel that the
tax will bo continued for general pur.
poses. Tho Husslan flzzlo nnd tho ex
IKicted criticism of tho luxurious man
ner In which money has" been spent la
taking enro of those jioopte, aro ex
poctcd to put an' end to tho Immigra
tion tax. Necessity however may
bring tho members of tho Legislature.
to a re-enactment of tho law and ,ro
tontlon of tho immigration work.
Mr. Irwin Here.
Win. a. Irwin was ah Incoming pas
senger on tho Sierra, Mr. lrwln Is
hero on ono of his .regular visits to ,
look niter his local Interests. This Is
tho first time ho Jias been to the city
slnco the consolidation of his agency
Interests with C. Drewcr & Co.
Sneaking of San Francisco, Mr. Ir
win Bays ItTs a great town and. boom
Jng forward In a splendid growth. Tho
oil boom is taking' a great amount ot
Interest nnd Mr. rrwIn.admltB to u:lng
somowhal Interested In oil himself. Ho
says howovcr that ho docs not Intend,
lo desert Jionoiuiu, uui win pi'im j
qulto n llttlo tlms each, year .In .tlio
clty- t . - ;
Russians.'
Russian Immigrants arriving uy tno
Mongolia havo bcon a most satisfac
tory lot. They camo hero to 'work' and
havo gone to tho plantations almost to
a man, Tho lot who arrived by thq
Tenyo Mom, Friday did not glvo
promlso on tho wny over of being a
specially tractablo lot but. they may
provo .better after they land. Quito n
number of tho crowd that caused so
much trouble nro leaving their miser
able hovels and going to work..
Ccllecre of Hawaii!
Somo four thousnnd dollars nt the
conservation funds havo been npproprl
ntcd'for tho animal husbandry work of
the Collcgo of Hawaii, Through thU
expenditure by tho Territory for build
ings and so forth, there will bo made
available from Federal sources a very
liberal endowment for equipment and
teaching staff. Fow business mer. of
tho Territory rcallzo what a splendid
astet tor future agricultural derclop
ment ot dlvorslflQd agriculture this col
lege 1b, A steadily Increasing number
of flno young men and women aro be
ing .cifucatod along lines that will
mako them Intelligent practical agriculturalists.
A. O. Rllvn, of Sllva'a Toggery, re
turned this wcok from a buying trip
contume souio ot the profits ot thto the mainland, He reports nNrplc.i-
Ono of tho Important events tf tho
week was tho 'Inauguratlonxot fi ten
rolnuto servlco durmg'thebusy hours
of tho day ''on the Kalm&'ki street-railway
lino. This suburb is growing lo
good sized proportions, Now houses
aro going up every (lay;, nnd It would
seem to be that only a 'short time will
clnnso before tho Btreet car company
will have to extend Its lino Into tho
tract,
Oencrally speaking, real cstatojs
much moro active nnd sales are being
mado at good prices.
News from Washington that the
Senate had thrown out ttjo Item for
tho enlarged lilock at Pearl Harbor
caused somo consternation, tho early
part of tho week. Evidently tho oflj
cers ot tho business organizations consider-that
It Is sufficient for them tp
cable tho authorities in Washington
that, such ,n rcfusaj to appropriate
would be a great mistake.
, mm
Perhaps moro people would go to
cburch If It wasn't exactly the proper
thing to do, i
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