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KtENINO BULLETIN, HONOLULU, T. I! . SATURDAY. SETT. 3. 1010.
IN BUSINESS CIRCLES
Signs do not fall to accumulate In
suppoil itf tlu contention that Hono
lulu mil estate will lil'llio not far dls
taut future be tli object of special In
terest amoiiK tliu trades of the city.
There will of course be more or less
Speculation, but the movement will be
liaekecl up hy the steady growth Of
thottciwu, lilcremed demand for busi
ness propel ty and Increased deiiimul
.hut at present the trading soiled
uleil under 'the bead of Hpeculatlon
nnil Investment Is In what might be
termed a transition singe With plen
ty of money In the town there Is no
great demand for slocks, and the re
ports of the Exchange are far from
suggesting any speculative moemeut
In siig'ir shares.
Not only the stock market, but Un
born! market is dull. Yet the town Is
not lacking for funds to invest.
Ad for the Investments abroad, the
rush on that line of druinage appears
to bo over Tliu people who went into
tin' gel-rleh-nulck schemes are Le
nlnnlug to receive ends for assess
ments, ,-ind the propositions don't up
l'.enr half mi attractive as they did on
the promoter's paper.
There is no lack of confidence In
Ciigur and sugar stocks, but the gen
eral opinion seems to be that with the
exception of the cheaper shares, the
cpeculatlio factor has been eliminat
ed I roin the stock market l'rlces on
the old lines shares hae reached a
good llguro which Is accepted us bc-l
lug about as high as they ought to go,'
on the prtscnt outlook for the raw
sugar market. The expectation Isj
that the price during the coining sea
ron will bo qultu or nearly as goodjis
last year, but no better. I
Consequently tlte uctlvo buyers ohd
tellers, the traders who make' the
market, and tho speculators If you
will, are Bort of swinging in the but
nnco before turning to 'something
new And Honolulu real estate Lids
fair to he the next business feature to
attract 'the money and the confidence
of the public It must be udmltetd
huwoM-r that many, many people still
have memories, and even property in
their hands that they mortgaged at
hnlf the Value In the days of the boom
and had to bnv In fur the price of the
mortgage. They think it will huppen
again. They can't believe that tho
Federal establishment and the thou
sands of men coming hero and to
iiiiuu In connection with the Federal
works, to say nothing of the tourlst.1,
constitute uuy more permanent basis
of growth than the plantation booms
of l!iO(i Ttiey are of course mistak
en, and being pretty clear headed men
on all other nmtetrs they will snpn
mm! their error in extreme conservat
ism In this
Ilea 11 Hoard.
In this connection the temporary
organization of the proposed Realty
Hoard In getting together a great deal
of material and doing n lot of discus
sing, In order to get their scheme'
whipped Into shape and put the realty
trading of the town on u llrm basis.
One meeting has been held and tho
constitution and by-laws of severil
mainland organizations studied with
a view to their adaptation to condi
tions In this city ami tho Islands. This
study takes u great amount of time,
and If the lleullv Hoard is to start
right, there will be a still greater
amount of study, of a wider range of
cities This preliminary deliberation
Is by mi means time wasted.
New Phone, 1557
Trading In sugar stocks has been
fairly good the lust week but rather .
iiiiiuiereniiiig. i lie cueup niutnn iiutu
dropped and enable thoso ready to '
pick up the shares at tho lower llg-'
tire, it good opportunity to make a
good turn. Oabu Is holding Arm at 32
and u fraction. The other dividend
paying stuckij urc holding llrm at tho
current quotations. Hutchinson has
shaded off somewhat, but there have
been no radical changes and no es
pecially large trancuctlons. Illlo
Hallway has dropped to 11 and a frac
tion and will probably go lower be-,
fore making tiny marked advance.
ttegular dividends have been paid
and the constant flow of money from
the usual sources has been un
The price of sugar bos dropped
slightly but Is still very close to I'M)
a ton. One of the very happy Inci
dents In connection with the fierce
battle with the elements experienced
by the ship Win. 1. Frye from Kahu
lilt to Philadelphia was the fact that
the cargo urrived in time to tnko u
top-notch price. The late cargoes and
the lute crops are securing the best
returns of the season.
Quotations for beets are gradually
dropping as the new crop approaches
thv time for harvest, and the beets
and centrifugals ure now nearer n
parity than at any time for the past
Wlllett & Oray's Sugar Journal for
Aug. 13 snys of tho sugar market:
.Hlatlitlo li) Special Cables
I Cuba The six nrlnoliint norts: He.
celpts, 4000; exports, 22.000; stock,'
, 124,000, ugalnst 81,'OQO tons last year.
Centrals grinding 2, ugalnst last week
GjinQ fin 1908,
:t(cks- In the United States and
Cuba together of 4G9,7&3 tons, ,agatnst
.49C,0t".3 tons last week and 363,679
tons last year, an Increase of 105,174
tous from last year.
Kuropo Stock, In Kurope, loni,
ugalnst 10T3 tons last year.
Total .stock of Kurope and America,
1.473,73 tons, against l,43C,r.9 tons!
lasi year-at tne same uates. Tiie in
crease of stock is 37,174 tons, against
a decrease of 20.C30 last week. Total
stpeks and afloats together show a
visible supply' of 1,fl8l,"r3 tons,
ugaltiBt 1,701,579 tons last year, or n
decrease of 19,820 tons.
' The upward movement In prices
No business was done early In the
week, but on Tuesday the firmness
of holders was ruwuided by sales, of
some 116.000 bngs Cuba and I'orlo
Hlco Centrifugals at 3 1-Cc c. & f. and
Its equivalent, 4.42c lauded, basis 90
deg. test, all nenrby or for prompt
shipment, and advancing spot quota
tions accordingly; all Hie sugar ob
tainable on this basis was quickly
uccented by the refiners.
Offerings are now on the basis of
3 3-32c c. & f. to the extent of only
20,000 hags Cubus, otherwise holders
jure flruily demanding 3Wc c. & f for
sued quantity as they are willing tb
let go, with many sugars still remain
ing out of the market, the owners ex
pecting still higher prices eventually.
The price of 3V4c c. & f. Is equal to
4.48.ro landed for 9G deg. test, and Is
( on u parity with the present quota
tion (Us 9d) for new crop European
been sugurs. October-December deliv
ery. It must be remembered, howev
er, that new beet sugurs will not be
Road and Private
By Capable workmen under the superintendence of
an experienced engineer insuring the selection of
the proper approach and correct grades with the
intelligent use of accurately proportioned materials
and the permanency of the work.
Laid out and built with macadam, oil surface,
earth or sod
FILLING LOTS and GENERAL
With the use of portable track and cars consider
ably reducing the cost.
And all work of this character
LET ME FURNISH AN ESTIMATE
Office at Pond's
available to arrive, hero In quantity
beforo November, unci meanwhile, tho
demand must be sutlslled by deliver
ies from the present stocks here and
In Cuba principally, and possibly
from stock of Cubus In Liverpool,
with such .lavas and u few Demoruras
as England and Cunnda can spare us.
Sooner or later there will bo u close
competition between Cubus and
Javas, and It will depend largely up
on how much available cane sugar
Knglund can do without, as to tho
further advance above 3 lie c. & f,
or 4.48c lunded.
Our speclul cable from Hiitavla
gives exports from Java during July
of 102,000 tous to Kuropo uipl Amer
ica, und 99,000 tons elsewhere, being
larger than anticipated It will bo
noted that the shipments to Kustcrn
countries have increased, us well us
those to Kurope and America, the ox
ports, May 1st to duly 31st, being
1C3.00U tons to the Kust and 139,000
tons to tire West, ugalnst 127,000 tons
and 110,000 tons respectively, for tin
same time last year.
Javas ure now attracting iliuch at
tention, there being u considerable
quantity allout and mailable for New
York and New Orleans as well; a
. : r- ; ,
Big - Ditch Root Beer
On contemplated work
cargo, shipped In July (September nr-j
rival) wns held at Ills 4 'Ad c t. & I.,
equal to 4,G2c landed, and a slightly j
lower bid solicited; this cargo Is now
withdrawn and may be sold; August1
shipment (October urrlvul) can bo '
bought at 13s ltf.v U I., equal to!
4,r,5c landed, 90 deg. test. Very few, I
If any, July cargoes aru now available
lor America. . ' I
New crop Demerurn Centrlliigu's
for October shipment are. nlTcrlng In
a small wuv at -VS'.c c. & f. to New
Yurk, equal to 4.G.rc landed for Hi!
deg. test, tho sumo as .asked fur
Javas for similar arrival.
A cargo of 1'hlllpplnu sugars has
recently been sold alprlcesiiuderstood
to bo 3.X I c for 88 deg. test and 3..MIC
for 81 deg test.
In Cuba thcro are two Centrals still
grinding Itecetpts at tho sU ports
were again 40110 tous for the week
mid weather continues favorable for
the glowing crop in most sections.
In Kuropo the weather tills week
has been partly favorable for the nuw
beet ei op; F. O, l.lchCs latest testB
taken of beet roots in (iernmny give
moro luvurublo llgures than at same
tlnio last year or year before; In
France, however, recent tests com-1
pure very unfavorably with thofo of
Reg. U. S. Pnt. Office
the last two )cars.
European uiiukcts aie quiet, quo
tations ror beet August delivery re
maining unchanged throughout the
weik i 14s lOVid, September lluetu
ntlnr ' 'w "i 13s 9d and 13s ItlVid,
e'ii i, .c highest, anil October-
a-luii.. continuing steady ut lis
"r li nort show little Interest In
i u-s for October or later arrival,
i.. .tearing willing to tako their
chances on the course of tliu market
lor sfcli deliveries, hut September
sugars will be in good demand and
the tendency of prices Is In sellers'
At the close It Is rumored that a
sale has been made at 3 3-32o c. & f.
Tor Cubus (l.4."ic).
At the II. k K. refinery moro men
are taken on uvery day, Including it
considerable number of new ones.
-Meltings are Increased fillOO tons by
the op.'nlug up of tho II. ti K. and the
Howell Iing Island City refineries.
The distribution continues good.uml
rellners ure doing u little better on
Sumo shipments urn being made or
higher grades of soils, the produc
tlonor which "was recently suspended
I by the strike; of course preference Is
given orders In hand fur these grncle,
but the refiners expect to catch op
with these old orders by the end of
During the enrly part of the week
the market was quiet, but, later on,
following the advance In raws, tho
demand Increased considerably and a
general advance of .10c In prices of
refined was mude. Amcrlcnii und
Howell quote, basis of 5.2"c less 1
per cent lor granulated, with a further
advance or 10 points on their sott
Arucklo Hros. advanced hurds only
and now their whole list Is basis
fj.2."c less 1 per cent ror granuluted.
Federal nnil Warner advance their
list to r,.2."e less 1 tier lent ror gran-
Al rellners are accepting orders at
the old price or fi.lfic less 1 per cent,
and a good business Is doing, as the
price Is safe ror several weeks to
It would bo good policy ror buyers '
to anticipate their wants In sending
withdrawal orders, as delays In ship
ments arc likely to continue Tor Home
I August 3. Tho wenther conditions
luivo been slightly better than the
preceding week, although It Is not yet
seasonable. Tho rains liuve been rre
quent, allowing moro sunshine, hut In
spite or the turn ror the better, the
weather continues cold ror the sea
son. Harvesting or cereals has been
rushed with all vigor wherever prac-!
licet plants nro very backward, and
the giowtli Is being Interfered with
by numerous worms, caterpillars, etc.
The test made July 28lh shows the
average weight of the root only 77
grams; In 1909, also n year of back
ward development, the root weighed
on tho same, date 107 grams, while In
1908, n good year, the root weighed
Only exceptional weather will ho
able to pull the crop up to a normal
(.'(mm n Heel Crop.
F. O. I.lcht'H pre-enmpaign tests
compare iik follows with thoso miulu
at name time in the two preceding
For Magdeburg Dlst. Aug. 4:
Average uf other (lermau districts,
1910. 1909. 1908.
Average weight with
leave 1,013 903 18.-,
without leave ... 2.M "IS .in'
Sugar, per cent. ...12.94 9.78 12.23 1
quotient of purity . .82.95 711.23 81.r,3 I
Average or other (lermau districts,'
August 1: I
1910. 1009. 1'JOS.
with leaves 707 CCS f.72
leaves 2IS 170 210
Sugar, per cent 13.91 12.27 13.r.C
Quotient or purity ..83.30 79.79 82.20
Miigoon Ilrothers Is tho tltlu of tho
latest llrm to enter the leal estate and
trust business In tliu city. The mem
bers or tho llrm aro tliu elder sons or
J. A. Mugoiin. They aro bright young
men, full or energy and ambition and
should make a good showing In the
general development or tho town.
They have, started In with u list ot
good property and excellent agencies.
Dr. Victor S. Clark arrived this
week to assume his duties us an otll
cer or tho Territorial Hoiud or Immi
gration. 1)r. Clark Is well known In
tho cltv and Islands. Ho Is un uxpeil
or proed capacity and the Territory
Is very fortunate in securing his ser
vices. He will uct us the executive
olllcer or the llourd.
The $100,000 plant or the Honolulu
Uiva Hrlck Company is expected to
Distilled Water and Syphons
1263 Miller Street
be In full swing In the course of tho
next three mouths.
A resolution to pnve Fort street
with the Wurreti bltullthlc pavement
wns passed by the Hoard of Supervis
ors at their session this week. This
should nnnlly result In the pnvlng'of
Furl street with something that will
make the main retail street n credit
to tliu city, It U understood that the
plant tor the manufacture of the pavr-'
njentj is. on the way tihdjwlll be jrcudy
ror operation In rt r'y sho'rt'tlmo:,
Condemnation proceedings for the
extension or lllshop street through ,tp
Heretanla havu been Instituted, tho
luhertlsenicnt lor the owners or prop
erty to come Into court having been
In connection with the condemna
tion or property ror public purposes It
appears that the enlargement of the
Federal building site Is still In tho
balance. Collector Stnckable, who Is
representing the Treasury depart
ment In the mntetr, bus come forward
with a proposition for whut seems la
amount to two buildings. Ho seems
to think that the Fort street block
cannot be secured through condemna
tion proceedings lor less than C0p,
000, so he wants an agreement to di
vide tho public buildings. Have on,i
building on the waterfront ror tho
harbor olllces, and the other, tliu
smaller one, on the original Miihukn
site. II this scheme is worked through
Ic means another hold-up or the whole
Federal building proposition, and the
town has had delays enough. There
Is a general settling or opinion to the
conclusion that the Government
should go ahead with the condemna
tion proceedings und tlnd out what
will happen. Then it will be tlmo
enough to llguie on what can bo done.
One of the big deals of tho week
was the sale of approximately Jti&.ooi)
worth or Hawaiian Klcctrlc stock to
onu or tho estate or the city. Tho
transaction Included tlueo hundred
and lirty-nlue shares that sold nt u
price ranging from $170 to (17. per
Appraisers returned their findings
to tliu court this week on the estuto of
tho lute Alexander Young. They Mud
the estate valued at $1,283,489.92.
II II. Paris, manager of E. O. Hull
& Son, was elected president ot the
Colnertlul Club this week. Tho now
members or the board or governors
ure John Drew, Ed Towse, A. (llg
noux. Fred Hush and T M Church.
ALL. CLOSED MONDAY
Notice has been issued by Trrl
toilul Secretuiy iMott-Smlth that next
Monday being Labor Day all Terrl
toilal ofllces will bo closed during
Courts and all tho otnclal chambers
will bu closed for the entlro day, giv
ing such olhclnlx nnd employees n long
week-end which may bo spent out of
NEW YORK AT MANILA
On .August 4 the first class cruiser
New York arrived at Manila rrom tho
Tho New York Is In the Far Kust to
lelleve tho Charleston us tluzshlp or
tho tleet In Oriental waters,
Atter going Into the drydock Dewey
ror overhauling, being the second ves
sel to use the dock ufter Its recept
submerging, tlu Now York departed
for Yokohama to tuko the place or the
Charleston .which wus then theru and
which was to sail for the Stntes as
soon as tho New York arrived.
W "' f-1 J I' n 1 1 ell li l per j en r.
marifciiyc i an