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I5VENIN0 BULLETIN, HONOLULU. T. H., SATURDAY, JUN'fi 4, 1910.
in mm CIRCLES
5. ft' J .
nssct la roptescntcd by good .will
lsnd.,tho piospects to ho rcnttzeil on
itvJsfvUue .that Mert'rUp Involv
ItiRnjR.qodM'wIlr ,ahd personal hustle
do nat'pppeal (p wlial'.nre' deemed
buslnetuiftead'crs In llonoltitu, nnd
yel n great number of the .greatest Olaa led tlio list In point of num.
ucm. ui uinn, U'Jt kiiiui.i wihi:kcu
hands at prices ranging from C to
r 5-8. Of llllo Railway. 2291 BhareV
reconi would have been any more j
"bullish" had there been no holi
" 'The end-of-the-mpnth revjew of
harps 'sold .for 'the jiutji'lh .of May,
appearing Tuesday, wa, Interesting.)
Dillingham Mocks, llllo Hallway and
busInpsAjontcrprJEC's of tlio mainland
Rie all good will and' draw their life
Vriicsa Very sanio local nnauclers
who look', askanco at titcli A llvo
proposition ns'Jthal put .forward by
. M. '.. A ..'I. . . , ...... I.
BURST BtOCK JSHlirma, wining price, mil Hint occasion , co(j frj,m
if there Is one n.uclton moro than al 'ono hundred thousand In col hi: mi,.i.n
., '. ..' i-A -.-. e, . . .. ., -. . ' " ' " v.... .....-.
tanowicr in mo Biisnoy .worici oi out or mo .city in mm or from ono
Honolulu Hiatal aicrofits, ,tho pcoplo 'fhous.-ind to llvo nml -ten thousand'
And finds mo dcfll'illo' ntiiwcr. It Is, dollars.
. . . -i ..... .,..,-. ..,....- , ...
"wnnrs tho matter with tho stocit Thai la undoubtedly what Is tho, tho .Plncait nlc rroducit Company
market?" , matter with the stoJK market. For will tako'V niece of land of 'doubt-
I'ropcrly named) tho stock Bhcct when nnyono goes Into tho market ful' vatub .and donbtrui fertility and
ot tho HonolulftStgck and Horn! Ex- ,10 buy n doccul.slxcd block of stock doubtful' cycry'thlng 6lso, capitalize'
chango should bo. called tho dally tlio price Immediately toars, tollng'-t nl n' value based on what they
enigma. Sugar stocks are Jow, very orders are revoked (and tho weak hope to do and pom' their own and
nUinr 'tiAnnta'n 'mnnltv Inlr. ttint Innrl
Pllko wntcr, al! I'ho wKllo represent
ing it ns n good investment, why?
First, ot course,- because they are
low. considering, tho Elilcndld dlvi and wobhlv mnrknt liecnirtna m firm
lends that are bclngipalil, and tho and advancing as yrfu please,
ntcady price of sugar. The town is t v '
rich, as is shown byM'h'e regular dlv-.Sale of Ewa.
-Iffotwt Hat .nil Inn IrAmAiiilmi. iln,lt Thlo tvn .,ill n..mi.Mr...1 ,t.m ..............II.. ,.,.....,.(.., nn.t m.mA.
uw". ., . .. wubonuun niwvHj . null VHVIIi;ilt(.l IW '(IVJ PU1UII Ill.Vi IDIVU, Il4 DCtUIIU"
dlvidcnda thathavc, be? n rolled" out latter' part of tho week when two. ly, because In their estimation tho
in tho last throe months. Despite hundred shares of Ewa wcro sought lund represents tahglblo value. There
all this, tho sugar stocks sro not by a local buyer. This stock has' Is no good will according lo their
only low, but jnactlvc. Two sales been quoted at 33.125 for n consld-' Idea; it Is alt faith, hope. and, fro
a day have been" tho, average on tho crablo lime, with no sales, and somo qucntly, charity, "
report of session Bales, atd tho be-j'oITerlngs. A buyer camo Into tho I Thnt Is ono of tho reasons whylt
twoon boardB sales havo not boon market with a limit of 34.B0 and It! Una been so harUto get nny cnthu
nt, all numerous. ' - was necessary tt) send to San .Fran-rlasm among the otherwise aggrcs-
Investments In California oil andTlnco for the, stock: It could not bojslvo men of .Hawaii for tho adver
nines seem to bo tho solution. One hall from tho local holders. tt'lng campaign of. tho Promotion
of tho brokers oftho city who does' Committee and kindred enterprises
a largo Island business states that Of the Future. In wl)1 there nro mora milltohsfor
whereas during last yea;' his Island What Is to bo iho future few nt- Honolulu thanr the sugar Industry
orders were to buy .sijgiyr stocks or .tqinpt to predict. It. Is posslblo that has produced, If tho'peoplo will take
fell nnd chango from '"ono sugar so- prercnt conditions will prevail till lien of It 'in the right spirit,
curlty to another, he' now gets or- a rlump In oil or mines will send
the speculators scurrying back to Iicfcrrlng again to the pineapple
sugar stocks "kicking themselves" pirducts matter, tncro Is more ccr
thatvthcy over wandered afar. Talk tn ty In the soda .fountain demand
of tight money' has ceased. I for a refreshing drink .than thero Is
lo tho future prlco of sugar and
were sold, ranging from 17 1-8 to
13. Oalui canievnext, with' 180u
shares from 34 to 36. Then came
Hutchinson, with 126C from IS ",-S
to 18 1-8, and 1223 Knliuku, from
35 lo 33. The lowest flKures In
each InstAnco represented tho latest
sales. Of the former popular stocks
only 283 shares of Ewa were sold,
G62S ot Hawaiian Commercial, 1611
Mcllryde, 313 Walalua, 30d I'aau
hau, and 405 Honokaa. The only
stocks on the let tlmthavo shown
rccovor'y from jho sluing, period pro
Honolulu Drcwery, thKt.has braced
from 12 1-8 to IS 7-8, and Hawai
ian Pineapple, thnV 4ias moved up
from 28 to 30.
tiers to sell tho sugar stocks and put
' tho money Into oil, mines or some
. other California proposition. The
'.crowd seems to haya caught ths
California (fever, nnd 'thero is no
holding them until thoy get their ' Good .Will and Fineatplcs. there Is nothing to causo any fear
"lesson and somcono.or manjr of"1 them ,' ' Another of the curiosities of tho In connection with the prle oi
rget severely bitten. " rlocal situation was. .developed this, sugar.
One hundred ''thousand dollars week when ono of the brokers ot
distributed around over the rftocks tho cltv remarked that the stock of Holiday and Month End.
i represented .on the Exchange list tho Hnwnlaln Pineapple Product Thero has been a .holiday this
would do a great deal toward rous- Company might not be taken Up week and a holiday usually "bears"
Ing the market to activity and tus. very rapidly bcoauto so much Ot tho tho" market, but It Is doubtful It tho
tiler I ,rk I n ff
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Price of Su-ar.
For the .first fourrf days of tho
present month tho record has been
In keeping with "the quiet mle of the
The price of sugar has .made n
closer approach to n parity between
Ix)i:don beets and Cuban centrifu
gals by reason' of a sieady decline
In beets during the week. Cen
trifugals dropped back from 4.27 to
4.24, nnd then on Friday recovered
to 4.2nrc. llects, on the onier
hand, .have been dropping till Frl
day they reached a flguro of 14s.
3 l-2d., with a parity of C.OIc.
Just what tlio' cause for this is,
po ono .In Hqnolulu U prepared to
say'. No now sources of .beet sup
ply hnvo been found, and the fall
of hcetu Is no doubt duo to one of
tho realization periods of tho spec,
As for tho1 Now York market, a
nrrespondeht commented In n re
cent lotter that the mainland sea
son jbad been cold - and backward
am ino aemanu inorerore, less than
usual, but ho wound'up by saying
that tho warm weather must come
pventually and the refiners would
hnvo to pay a price, to get their
;ijrjillt; .by the locornqbllo Co. of Amerlcn,, llrldgcport, Cojin.
' .-$ ' .
jContiains all the advantages of eleven
years1 experience in automobile
Theilocomobile is on impressive exemplification of the adage, "Make
Bank of Honolulu.
Incorporation papers for the Dank
of Honolulu were filed with the Tor.'
rltorlal Treasurer thlsjjifeok. Thin
Is the new hah5To'f 'SbrMlTcls fiT'Co.'
nnd rcprcrents oni; liftho reusmu
for the coming of .(T, ifwln. He",
sides Mr. Irwin', tho Incorporators
are B. I. Spalding, d. C. Pojter, '.
M. niffard, n. lvers, JUl. Dowsett,,
Puul Muhlendorf, II. F, Lewis nnd
J, O. jMdnerny. The. iapltal stock'
Is to bo '1600,000. This Incorpora
tion means. of course, that Mr, Ir
win related his financial-Interests In
Honolulu 'In an active and aggres
sive form, and It If a demonstration
of Mr. Irwin's firm confidence la tho
future of the city of Honolulu nnd
tlo' Territory of .Hawaii. If ho
thought otherwise, 1U would qlthcr
have eold his bank or allowed it to
fall Into 'tho vailpun consolidation
schemes that uro always floating
Ho. good article was ever produced by forced 4,elp5niMttaBdBhprritd
manufacture. . Jj.-. ..' ."v" ' I.
JhelBEST is invariably the product of time, cxperiencetandthought.
JhcjEEST is invariably an EVOLUTION, not a KEV.OLUJngWT
,lhe BEST,in,iotor car production is the LOCOMOBILE; - . .
Itvis ths' product of eleven years'- evolution. ElcvcnlyeMs $-jijjhtly. ap-
Eleven years' devotion
to the highest manuiacturing
.'.-II w .
"40" Chainrbrive .
LANDAULETS. 10UBINO OABS;- ROADSTERS
Schuman Garage Co., Ltd.,
.Kaoiui Lease Sale.
.Munaiicr Fairchlld of, tho Jilakco
Sugar Company came to .town thU
week to mako his bid foV the leases
of tho Kapaa lands us agreed In the
understanding by which various ex
cliangeH.wcre mude that gnvo him
sevqral .hundicd a tics of land In fee
simple. The sale of tho leases was
postponed on account of tlio amend
ment of tno organic Act Jineciing
thcio .leases and tho land laws gen
erally, having pasted. Tho question
now arises wneuior raircniiu wri
get tlio loaees at u lower rule under
tho new law and on account ui i..c
ship compnn, and tho reason for It the results will bo more revolution.
Is probably found in the condition;) ary to sugar plantation management'
represented by tho very frcquoni r'o- than nuythlng that has happened In
mark that It coqls as much to ship Hawaii for a long time.
goqds to the other Islands ns to got) The drift ot public sentiment is
them from 8an Francisco. Whoiner toward the view tnai tno pianiu-
this expense Is due to tho steamship tlon paternalism should bo lessened:
charges or the charges of tho prl- that 'the laborer should puy for what
vato landings controlled In the In- he gets, buy whero he likes, and
lernsts of lurite Industrial corpora-, nav rent and other exiwnsca now
1(0118 in ino mercnanuiso uusuicm.
1b u point
thul bus not been do-
Holt "Lands Sold.
Holt Kstuto lauds ut Wulalua
valued at fl20,U00 wore transferred
to V, H. Castle this week and' there
by passed Into hands' friendly to the
Walaua Agricultural Company, that
now holds u Icaso on tho pfoporiy.
While the salo has no significance
for the Immediate future, It Is un
derstood that the lands sro In the
hands nr the. largest stockholders' ol
the plantation .company, nnd the po
sition nf the plantation Is strength
ened to that extent.
In this connection, the commls
alou to Investigate the wharves, and
andtngs has been In session this
week preparing lis report for sub
mission to the Governor. Thla com
mls4lon t'onslstB of Hugh Howell,'
the Maul engineer; Mr. ' Mottger,
the Hllo engineer; and Mr. Mofagno,
the Kauai 'engineer, They hav,e In
- Al .A.ft killnl nA Afl
I .laud one .oi ipu mum mi ,iiai,vi
Loiinected wltli the transportation ot
tiie goods ot tho small merchunt and
borno by tho plantations. Tnls
would menu moro cash wages,
though (.lib luboror would not make
so much In the long run.
jbIt irnEBEaaie s.' isham
v. " ' .' " .
Xhe StQryof a Aastayayvind:;,His..S'tr-ggle for Exist
ence and the Great Opportunity that Came to Him.
Thrilling and .Original.. Absorbing and Exciting to
'the-Endr The Triumph of Mind Over Matter.
A Story Our Readers Will Never Forget
Transportation and Stores.
-MemborB of thp Mdr-hants' Asso
ciation have met and spent some
time talking over the application pt
the Interstate commerce laws to the
Inter-Island steumnhlp company, and
alco tho decision of tho plantation
stores to noli certain goods ut cost
to the I u borers.
. As for the Inter-Island matter1,
Mr. McLean of the steamship com
pany .said In effect that (ho propo
sition caused the company Increas
ed expene without giving (he com
munity any benefit. A principal
spcakor on the other fide was II.
V. Dillingham, the father of the
llllo Railway, that has recently sue.
ceeded In getting some Important
sugar-barrylng contracts away from
I In- inter-lslnndf rontrnelH on which
thp rlrnnitrhlu rompauy was rml
oven allowed the opportunity ct
bidding. Tho sentiment wag not
particularly ttroug for tho steam-
On ttie plaiitatlpn store matter
tho" Independent ' storekeepers 'wno
made such n noise hay? Huled out
In an apparently complete exhibi
tion of funk. One of two things
hn linnnoned: cither the Indepen
dents nre to fearful that they do building..
not dare to say that their soul Is '
their ow.n, and the condition of llltultthlc paving promoters
overwhelming power and monopoly Foit street got up a petition
Local subscribers to tho Human
mn Oil Company organised this
week and tho llrst S10.000 was paid
over to satisfy tho option on the
land of tho Klkhorn Valloy, Cali
fornia, which this company Is to
dovelop. The offlcers will be James
A, ennody,j!rosldent; Paul Muh
lendorf, vlco-prcsidont; F, Klnmp,
secretary 4nd treasurer; A, Hum
burg, asslstunl trcasuror; Tho sub
scrlptlou )lst closes this month.
Pluns are making for the First
National Hank to make Its now
homo quarters In tho Stongonwaia
building, vacnted by Castle & Cooke
The First National wll not build
on Its lllnhop street slto until work
Is actually begun on tho Federal
they predicted Is alrcody here; or
clso the plantation Interests havo
shown them that when a ten per
cent, churge for overhoad coUs Is
added to the "necessities," there will
not be su very much difference bo
tweon tho charges of the plantation
itoro anil the Independent.
Plantations .and ,Washinirton. ,
Onoiof the dangerous' aeveiop
mont of the general discussion
not in the Merchants' Association
woro the widespread expressions
that tho plantation" corporations
should go out of tho mercantile
tUoro biisluess. It tills once gets
started and Is currjed to Wmhlug
inn us win done, for lnntaut'6. with
tho Honor traffic busliioHs and the
trantiiortullnii tiuMm-wi nud 'Varlmii
other matters with winch some peo
nle have become dissatisfied and aP
pcnlcd to Wnbhlnglpn for redrosi,
prerontntlon to tho Mayor, urging
him to not veto tho appropriation
for the proposed experimental wo-'c
Though this petition may not. s '...,
the Mayor, It Is very likely lo so
cure tho extra voto ot. the Supervis
ors needed to overwhelm tho Mayor,
The Superintendent of Public
Works Is still talking of raising tho
wutcr' rtostal"' Pt'ttlnu In peters.
No favorable response Is heard from
tho people who pay the -taxe3 to
support the water-system, nnd the
water consumer (if Manoa aro still
waiting for water of uii average
amount of freedom from dirt aqd
Tho market for raw sugars watf
firm' during ll.o early part of thu
week, sales of Cubaa afloat well
ns for prompt stilpraont being mado,
nt 2.01c. c.f. Tho flrmness''waa fol
lowed .by ,a 1rlod of dullness.anu
it became Impossible to eneci tur
ther sales at hls price: Finally,
some holders of arrived and nearby
tugnrs mado the concession that waa
needed to bring abouty business, and
refiners obtained uuout 2,700 tous
Cubas nt 2.878c. c.f. and hUini 1.750
tons I'orto Ulcos ut tho equivalent
prlco of 1.24C cl.f. '
It connot bo said that there "w
anything In the market' outlook To-'
Induce this decline, for receipts
wcro less than meltings nnd a re
duction or twon.ty-flve In the number
of centrals grinding In Cuba pres
aged nn early ending of that crop.
Hut, while refiners wore able to
hold aloof from the , market, tho
owners of sugars In port, as'well s
of tugars due next week, felt ob
liged to wake tome disposition of
them, and us shown above, lu order
to accomplish this object submitted
to a decline of .082Bc This decllno
affected tho market for unshipped
sugar and some business was done
at 2,97c. c.f. In Cubaa for shipment
within thirty days, and at 3c. c. f.
for June nnd 3.06c. ct. for July
European lleet Markets opened
higher; and the 'advance' was main
tained for several. jjn'ys.'but this was
followed by an e'iller' 'tone and
gonerul dccllue from last week of'
2 1.4d. io 3d. In present crop and
I lt2d. tp 1. 3-d. In veil crop. To
day's Lo,b. quotations .are: May,
lis. 7 l-M.; June, 14s. 7 l-2d.; Au
gust, 14s. 8 l-4i. Next .crop: October-December,
,1,1s. 7 ,l-4d.; Janu-
ary -March, lis. 8 1-ld.
The lleet' sowings are now esti
mated at 1.325,000 "hectares for
Convention countries nnd G75.0.00
hectares for Russia, against 1,135,
000 for the former and 55,000 for
the latter lit; 1909 Incrcste W.7v
CUUAK STATISTICS-i-Detalla of
the Am II production have not et
tome forward, but Messrs, duma-
Mejer cabo a total production to end
CxnrlnkonvRlonda Co. under date .of April ff l,M2,A .tons.
,.f llnv I!! rtntirtn na tollmwT'nil rr.1W I v '- "
I.itt report was dntej
Tbr Wnrld'i Bitrirest Central.
Cth . The Chaparra Sugar Factory,
(Continued onTRe 8.)
WD ' JS
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' ''" "''al!
' ,THE BJULUETIN'3NEXT,CONTINUED.8TORY.