Newspaper Page Text
EVENINQ BULLETIN, HONOLULU T. H., MONDAY, MAY 29, 1911.
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IN BUSINESS CIRCLES
Ono ol (lie Honolulu financiers who
ought I" know mnilu tho estimate Hint
ull of n million dollars Ins Kno out
of the Territory since tlio firm ol
the year for Investment In mainland
Tills statement will Rtirprlso n nro it
many, but It furnishes nu explana
tion lor llio very tliiTl niiKiir stock
market. Tlic men of largo moans and
the little fellow who can III arford to
Iohq are taking' their "IllorH" In enter
prises oulHlde the Territory. Nlnely
liercent or them will roliulily bo wis
er and poorer hut once tliey e,et to
roIiik there Is no way lit stop them
except to let them cor their experi
ence and liny for It.
ItettiniR from the plantations Indi
cate that tho coming season Is likely
to see n banner cnii taken fiom the
plantation fields of the islnnds. Ile
portB of overrunning estimates mo
coming In from most every dltecllon
and white no exact figures arc given
out a record breaking ear Is In sight
Veiy little business has been dnno
on the Stock Exchange, and (imitations
hae remained about the same. Oahu
dropped back to the lclnlty of 30 on
tho. report of a shortage of labor that
necessitates shutting down the mill
In the day so that tho field gangs may
harvest enough to keep tho mill going.
This Is not tho first tlmo Onhu has
hail to do this, but It appears to liavo
worried the public for a day or two,
despite tho certainty of the ciop over
running the estimate and "tho street"
predicting extra dividends.
Mcllryilo 1ms dropped to a salo at
C.50 but only 22 shares were sold. A
special meeting of the stockholders
of this plantation Is called to consider
placing the preferred stock. It Is im
dqrstood that Alexander & Ilaldwln
will tnko four hundred thousand dol
lars of this stock, and holders of largo
bjficks of common stock will tnko tho
cither half. Tho agency agreement
will probably be arranged so that It
may be cancelled by either party on
six months notice, and should a change
tnke. place the preferred stock would
go with the agency. No change Is
In contemplation but tho business of
these meetings Is to finish up the de
tails of "pulling out" the plantation
and putting It on Its feet.
, ,' Two securities were listed on the
SJocl; Exchange this week Tho llnwnl-
Ian Irrigation Company stock and tho
bonds of the Honolulu Has Company.
Tills Is the first appearance of cither
gas or Irrigation stock securities on
. W.lth the admission of tho Irrigation
stock, the discussion Is renewed of
listing some of tho California oil and
perhaps mining stocks In which a
great deal of local trading Is done.
The outside stocks aro supposed to
be mnro or less doubtful propositions
in tho seme of not being so sound
as the homo enterprises, but there l.
not a stock broker on tho board who
does not do business In the jmtshlo
lines, and from Indications more trad
Ing Is being done In the ''curb" stocks
than In tho Standard Kxchango stocks.
Hawaii will always bo a financial
sponge, .to bo squeezed until the men
of .means set tho example of loyalty
tn homo enterprises. Tho tendency,
now that fortunes havo been from
. sugar, Is to invest the surplus In main
land proKsltIons. Tho practical re
sult Is that anything In Hawaii not
closely allied with sugar has to go
Trust and Sugar Prices.
Broker Pollltz received an Interest'
Ing 'clipping from the Wall Street
News of May 13th, that proves tho
Sugar Trust to havo reduced the price
of sugar The article follows:
Trices for refined have been lower
since the formation of the American
Sugar Refining Co, lq 1891 than they
over were before A comparison
shows that In 1870 when tho averago
annual per capita consumption of su-l
gar In this country was 35.30 pounds I
tho Now York wholesale prlco wasi
13.51c. a pound; while In 1910, when;
the former had risen to S1.5 ouuds,
the cost was but 4.97c. In other
words, although Individual consump
tion had nearly tripled, tho pilco had
fallen off about A3 per cent.
Tho nvcrago quotation from 1870 to
1890 was 9c. a pound; from 1891 to,
1910, Inclusive, 4,C9c.; or, roughly
half ns high ns during tho ycurs ho-j
foro tho American Co, enmo Into ox-j
Istenco. The average yearly cost per
capita In tho entller period was $1.10.
for 45.(13 pounds and In tho later
$3.01 for 75.31 pounds.
Consumption per capita, price per
pound, nnd the yearly Individual
burden since, tho nrgnuliatlnn of thu
American Co., riiinparo as follows' I
Nolo I'lrHt column of Humes fui-J
lowing year, ulvos Dm yearly con.
sumption pur onpltii In miiiiii1h; n'o
imd, Now Vink'ulinhwulu (Mens third,
wliolotfHlu cost pur wipllu annually,
,1010 81.60 l.'ITc $1.05
' 1!M9 SI. IS 1.7fic llifl
1 l!l"8 81.17 l.'Jilc 4.IVI
1007 77.51 l.tiHe 3.(11
1000 7C.ll) 4.51c 3.13
1005 70.51) S.lMlc ' 3.71
10U 75.30 1.77c 3.50
1903 70.00 4.lc a 09
1002 72.SO 4.4Cc 3 25
1001 0.7ll CROC 3.52
10UO fill.dl 4.32e 3 51
1SS0 fil.OO 4.92c 2.70
1808 fiU.20 1.97c 2 09
1S97 113.50 4 5()c 2 8(1
ISOfi CO 90 4 53c 2 7fi
1S91 fiT.trt 4.C5C 3.14
Another surprising fnct is that llio
corporation's production of sugar has
shown a decrease almost every year
ns compared with Its first season; a
result to Bomo extent, of the entrance
Into the loaning field of tho McCahan
Ai buckle, rederal. National, Warner
and one or, two other "Independents."
So Hint from an nctunl monoply in
tho early days the American's busi
ness for the past few years has con
stituted but approximately 13 , of the
total for the country.
Just how the comparative output of
tho Amcilcan hns fallen off is best
shown In the following tabulation:
Con. of Sugar In Am. Trod
U. S. In Ilbls
. . 19,390,000
. . 11,900.000
The .McCahan Sugar nednlng Co.
wp.s tho first competitor, with an out
put of fioo.noo barrels ln1S91; tho Ar
buckle started In 1S09 with 750,000
bnriels, and tho rederal, Warner and
National followed. The last named
In which the American holds about
a quarter Interest, Is Its chief com'
petltor, with n production of about
2,170,000 barrels n year.
When the Government attempts to
show that tho so-called "rust" ban
raised prices to consumers It tuny be
confronted not only by tho statistics
given abovo but also by an excerpt
taken from tho scclnl report on su
gar recently Issued by tho Depart
ment of Agriculture, which sajs;
"A comparison of the prlco of sugar
with that of other food products Is
suggestive. In tho general public
agltntlnn concerning tho cost of food
products no mcmtlon Is made of su
gar. Tho cost of sugar to tho con
sumer haB remained practically sta
tionary for tho last ten years. In that
time prices of many things have
doubled and all have materially ad
vanced. As the cost of labor enters
largely Into the oxpenso of sugar pro
duction, this Industry must havn
shared with tho disadvantages of a
rising scnlo of wages." ,
Hennlng's new method of sugar ex
traction Is undergoing tho close scru
tiny of sugar experts this week. A
number of tho plantation chemists
have gone to Uihnlnii with Mr. Den
ning to watch thu workings of tho
system. If the llennlng process
proves nil that Is claimed for It, It
imiy result In materially Increasing
the output or sugar mlllB throughout
the world us well as Hawaii.
Army Tost Site.
Trustees of the Chamber of Com
merce havo endorsed the waterfront
site for tho town army post. Tills rec
ommendation follows the plan ap
proved by (luncral Macomb, and does
not antagonize tho Idea back of tho
bill now before Congress to chnngo
the locution of tho Infantry post from
Lellehim to u town site.
After a week of negotiations the
merchants nnd tho Shippers' Whurf
Committee appear to bo getting neur
an understanding concerning tho
methods of handling tho money of the
Shippers' Wharf tax. A quarterly
public statement Is among the re
forms that will bo Instituted as n re
sult of the agitation.
Itccriiltcrs lime Kuoiigh.
Frank II. OrnlL'. the Alnnkn rnn.
nsrles lubor recruiter, states that ho
ooos not believe nny mora labor re
cruiting parties will coiuo to tho Is
lands. Mr. Craig was released on
ball by tho Supremo Court unit will
return to San Kinnclsco. Tho trip of
the Senator was probably ono of tho
most expensive enterprises tho Alaska
peoplo ever atemtpted.
Treasurer Conkllng loft for New
York, accompanied by Attorney ('. 11.
Ilemenuny, to limit tho now Issuu f
public, works bonds. Hawaii's reeoid
las been such that thu bonds should
I'oiiiiiiaud n good llguie, If money con
dltloiiH In New Yoik do nut chnngo
New Yorkers Duy Diinil,
lliiwnll tdmnlii riml n fnvnniiilii
nmildit for lu IhhuIh If nMiion, In
Ntiw York poiillniiii in iHpiiwinittM
fly llio Nuw Vol Is Wwl'l nf H'coiit
A Tonic Free from
Arc you pale, weak, easily tired,
and do you lack nerve power?
Ask your doctor if Aycr's Sar
saparilln would not be good for
you. He knows, and will ad
vise you wisely. Not a drop of
alcohol in this medicine. It
puis red corpuscles into the
blood, gives steady, even power
to the nerves; and all without
stimulation. Alakc no mistake.
Take only those medicines the
best doctors endorse. Ask your
PtM'H by Or. 1. C. Ar & Ca., tell, Mm , U. S. A,
date. The World's financial writer
Tho unusual urength and activity
of bonds In the face of a dull nnd
rather featmelejs stock market may
ho nccopted ns an cvldonco of tho
abundance of Investment funds ns
well ns of the prudence of the Invest
or. Whllo the gienter pan of (ho
buying of the hlghgrndo railroad and
municipal bonds has come fiom In
stitutions which nro seeking a better
return than can be found In the pres
ent market for call and tlmo loans,
there has been a largo absorption of
llio second-class Issues by Individuals
who havo selected them because of
their speculative probabilities, as well
an for their Incoino yield, and 'tho
better security they offer than Stock
Exchange equities afford. Tho theory
of this clasB of bujers Is that In tlio
event or any shock resulting from tho
trust decisions, or from tho other
unsettling factors In tho present po
litical and comnioictal situation,
bonds would show n stronger roslst
nnco to Its effects. Many bonds of
this character nro now selling nt vory
attractive prices, and In tho present
temper of tho so-called outside ele
ment they nro likely to continue In
favor until thoy sell nt levels that
bring (heir jleld to n point more In
harmony with Ihe prevailing rates for
time with nbout(1p(shrdIucmfwypwyi
To Compress Gas.
Two 80-horsepowor gas compres
sors are being Installed nt tho Hono
lulu. Hach ono weighs about eight
tons, and n twelve-mule team was
used to transport them fiom tho Mon
arch siding. Kxnmlncr.
Honolulu sanitation work Is colnc
on apace ns far ns preliminaries nro
concerned. The Sanitation Commis
sion Is maklnc lours of llin v.iH.nw
city districts and finding many things
tney liatl not known of beforo. Tho
Hoard of Health on Its part haB de
cided to begin reclamation work nn
eighty ncres of low land In Kownlo
anu ivaKaako and extending toward
Walklkl. Thcro Is much to bo dona
In other parts of tho town. If tho
finnltntlon Commission nnd other re
sponsible olllcers stir up the Interest
nnd arouse tho peoplo to tho real ne
cessities of tho situation, It would not
bo surprising If enough work devel
oped In tho next six months to. neces
sitate n special session of tho Legis
lature to Provide for Imnipdhiln rnrOn.
illation and Improvement In all parts
of tho city whero It is needed. Al
though the Hoard of Health now has
a revolving fund of $250,000 It can
only nt best proceed with Its work
TJie much-discussed building ord
inance will probably bo passed by tho
Supervisors during the week, or at
lenst advanced far enough to get It
beforo the public.
Tho Department of Commerce nnd
Labor has liiudo Inquiries regarding
the status of public lands. Just what
this means Is not known but some of
tho locnl nuthnrltles hnvo thought of
It as n possible Indication of tho Fed
eral government taking u hand lu
helping tho Kuropean Immigrant to
become moro firmly established on
Among tho rumors of the week Is
ono that ono of tho original holders
of Honolulu Consolidated stock Is
selling out. This bus caused sumo
npprohenslon ninong tho holders of
small lots, nnd has possibly led to
the slight slump lu the stock prlco
In tho locnl market.
Dattllno For Oil.
1.08 AN(li:i.i:s May 7. An Ini
ponding battle between llio lii'i.oy
kings of Now Yoik and ICoiiipo for
nn' riiiiiini oi laiiiiiiiiin nil Holds has
been tiaiihfeneil lu th! ,y ,y M,
niiiviil of ,1, A. .Morfnlt, vlnii-iiMsLleui
of tho Hlimdniil Oil ('oniM.ir', mid I
IvtiiUIiim'it, li'iiooiiimlto of Iliu
IIiiIImIiIMm nf HiihIiiihI Murfult in
litis) Imliiy. KniMini'tir imiiuo wm'iiiI
days ago Incognito and went to the
Keiu county nVlds to look for pros
pective pin chases.
That tho contest Is to lie ono of mil
lions wnri Indicated by the utinounce
incut by Morfiift that the Standard Oil
Company intends to coiisliuct n re
finery nt Mnnliallnn lleach at a cost
of more than n million dollars nnd to
mnko other vast expenditures for thn
purpose of enlarging its hold on the
California terillorj. Krnlshnecr, with
(ho backing of tho mighty house of
ltothchlld, Is also ap dinted to make
Invertlgatlrtns that will rim up Into
In their stiugglo for tho mastery
for thu California oil Indiistiy both of
the powerful Interests nro said to be
looking with longing con on Urn prop
erties owned by the Union Oil Com
pany and It was said todny by those
fnmlllnr with the situation that both
the ltothchlld and Standard Oil lu
Icivsts were socking toxpurchnsu tho
holdings nf this company,
When Moffat! arrived hero ho.wentJ
Into conference with n number of,
prominent local oil men from whom
ho obtained n comprehensive view of
tho situation. He Is president of tho
Standard Oil Company or California
In addition to being vice-president of
the pniont corporation of New Jersey.
He declined to make any sattcment
as to tho negotiations mild to bo un
derway for the purchase of tho Union
by the Standard.
Tho Rothchllds are understood to
control tin oo European oil companies
tho Shell Oil Company, tho Asiatic
and tho Itnynl Dutch. Hut they havo
been iinnblo so far to get a foothold
jn California leirltory owing to the
Btiong position of the Standard Oil
Company and hc dngge'd opposition
o tho Independent companies to any
bffcrs of puichnic. Recently, however
tho Asiatic OH Company opened a
branch olllco lu San Krnnclsco nnd
this was tho drat signal to tho Stand
hid Oil magnates of tho attempts that
Were being made by llio Hrlllsliers to
get nu etitranco into the California
Held. Tho coming of Krnlshnecr tn
the const was another step In this
direction and then tho Standard otn
clnls began to pay somo attention to
tho activities of tho ltothchlld Inter
ests ami to Inaugurate plans to check
mate them, Tho hurried visit of Mof
fat t to Los Angeles followed.
Thpiugh tho establishment of tho
branch offlcc In Siu Francisco, It Is
tho hopo of the Iindoners to got con
trol of tho marketing of the products
of Cnlirornla oil Holds In AbIo. This
Ib what tho Standard people fea.
Coupled with this Is the belief that
tho Rothcblhls 'might buy out tho
Union or some of the Independent
Interests. This belief was strength
ened when they lenrned Hint Krul
sheer had goun (o tho Kern county
oil fields to look over tho territory
with n view to making a purchase. Ho
Is snpiKiscd to bo In Hakersdeld.
Tho suggestion of nn Impending big
ileal In the oil world Is heightened by
(ho fnct that several Influential men
from various Kuropean and British
companies have been Rlalng In I.oh
Angeles and spending n great deal of
tlmo in Jiakersrteld' and tho Midway
, rntlcnt Joseph Allen, Manufacturer,
Ciilllngsnuoil, Now Jersey.
Ciihu Diabetes MelUtus.
Dlngnoilx by four physicians. Raid
the patient could not recover.
Condition extreme, weight reduced
from 210 to 150 lbs, Could hardly
think, sleep or talk. Could not attend
to business, Tho physicians wero giv
ing opium to keep patlc.it comfortable
until tlio ,oiiil cuine.
Tlio recovery of a wealthy lady In
Philadelphia who wns7TrP?n In tho av
stages nf the disease caused tho treat
ment to lie changed,
A lino recovery resulted. This wns
nil five jenrs ngo. As showing the
permanence of the results obtnlned Al
len Is stilt well and attending to his
manufacturing business nt this writ
The ngent employed In both cases
was Fulton's Diabetic Compound.
Diabetes Is now a curable dlsenso In
people of middle nge and over who
have recuperative power.
Tjie Compound can bo had In your
city nt the Honolulu Drug Co.
We will mail literature from this of
fice nnd deslro to ndvlso with every
ease not yielding. Htnrt letters with
the nge John J. Fulton Co., 045 llnt
tery St Rim Frnnclsco.
Manager Duffy of tho Chicago
While Sox, charges "Ty" Cobb, tlio
Detroit fielder, with using an Illegal
bat. Duffy claims Hint tho Ocorgla
peach's Btlck Is filled with grooves
near tho end, enabling him to mako
cleaner hits, nnd fattening his batting
averago In roply to this Tyrus stales
that he likes tn havo tho end of his
hat rough, and rubs thn end- of his
hickory with chewing fohncco,
"5' NOTICE TO SUBSCRIBERS.
Every copy of 'the Even-
ing Bulletin served on
the city carriers' routes should
reach the subscriber by 5:30
' p. m. Subscribers who fail
to receive the paper by this
time will oonfer a favor upon
the Bulletin circulation
'' department by telephoning '
complaints to 2250. A special
' mejienirer wi 11 tie iver we '
Bulletin after this hour
'' when name and auuicsi or ''
I' ubierllier ftrn Driven. f
GET RED OF
Basy Way to Kill Off Theso
'At the first sign of the repulsive
cockroach or watcrbug, put Stearns'
Electric Rat and Roach Paste in the
slnks and on the shelves at night,
and in the morning you can sweep
up a panful of dead cockroaches.
Iiasy to use; docs not blow into the
food like powders.
Stearns' Electric Paste is sold on
guarantee of money back if it fails
to exterminate cockroaches, rats,
Sold everywhere. Be sure to get
the genuine; 25c and $1.00. Stearns'
Electric Paste Co., Chicago, III.
Importer - Fort St
Gents' Dry Goods
KAM CHONG CO.
Corner Fort and Dcretanla Streets
DRY GOODS FOR ECONOMICAL
Yee Chan & Co.
FINE LINE OF DRY GOODS
WAII YING CHONG
Kiric Street, Ewa Fishmarket
FANCY' DRY GOODS
78 Doretanla Street
Ilelween Mnunnkea nnd Smith Btreots
KINO IT NEAB BETHKI
Dealers in Furniture, Mattresses,
etc., etc All kind, of KOA and Mil
EI0N FURNITURE made to order.
IMPORTERS OF ORIENTAL GOODS
Wing Wo Tai & Co.
941 Nuuanu. near King Street
And Cloth ot Al Quality Cn b
M0 0ANDIESS BLDO.
P. 0. Box 901 Telephone 1731
Fine line of
At the New Hardware Stor
CITY HARDWARE CO.
King and Nuuanu Streets
a. p. Mcdonald,
Contractor and Builder
Kstlmutea Riven on all klnda ot
Concrete" Work a Specialty
'AUAIII STREET, NEAR NUUANU
ALGAROBA BEAN MILLS
ONE SECOND-HAND 8TANDARD
GASOLINE ENGINE, 16 H, P.
1494 EMMA STREET T.l.phon. 2416
With tlA S
INSIST ON HAVING
Pau Ka liana
FOR YOUR HOUSE
Uucctor to Shaw K Seville
KING BTIlCCTi HEAR ALAKKA
Phone 308S , O, Han 49 1
' . . -J
UUUCTIN APR PAY"
A QUIET, REFINED HOUSE OF
American Plan Ilonm with Until nnd
"llonul fiom 14.00 it D-iyi
European Plan Itoom with It.ith from
12.00 it U.iy
8pecial Monthly Rates
A hlah-ehiBH rninlly nml Tnurlit Hotel,
Half hlork from ('olnnililii 'J'lienter,
nint on the (tine ot the Itotnll Shop
ping liltttlct livery mom with I'rl
vntn Ilntli I'nsltlvfly I'lrcpioof,
W, E. Zander, Milliner
Pay your debts'.
Grin and bear It.
Hold your temper.
Learn to take a Joke.
Patronlxe home industry.
Read something every day.
Don't parade your trou
bles. Give the other fellow a
"17G S. KING STREET
if- iV . (.
Wherever You Go,
,-;, however You Go,
Take a Kodak!
See Window Display at
Photo Supply Co.,
PLACE CARDS AND FAVORS
Novel designs unil nrtlntlo conceits
faithfully executed. Tho prices ure
Arts & Crafts Shop
Alexander Young Building
IN COPLEY PBINTS
PACDJlO PICTURE FRAMING CO,
1030 Nuuanu Street
Stylish Pattern Hats Just Opened
Boston Building Fort Streot
Received by 8. 8. Wllliolmlna
WHITE 8ERGE AND NAVY BLUE
AI.KO SHOl'I'INO 1)UKSSR3
Mrs S. F. Zcavc,
C7-68 Young Building
CALL AND SEE THE LATE8T
CRCATIONS IN HATS
Received by the 8, 8. Wilhelmlna
1027 Nuuanu Street
liili'r-Nluiiit mid O, It, . I,. nIiIiiIhk
liiuiim rur i'4lf III II u 1 1 u i
(Hiiro, DOg ouch,
Geary Street, above Union Squaie
Juit opposite Hotel St. FrincU
European Plan SI .CO a duy up
American I'Un $3.00 a day up
Stocl and briik structure, furnish
ings cost $200,000. High chins
hotel at moderate rates. Omnibus
meets all trains nml steamers
Hotel Stewart now recognized ns
Hawaiian Island headquarters.
"Cable address, ' 'Trowels' 'A II. (J.
Code. Iteservatlcms made tlirm;h
Trent Trdst Co., I'ort Street,
Hotel St. Francis
Union Square, San Franchoo
Under the Management of
FAI'I.Ml the lieniitlfiil park ,
Ir. Die In-art of tho city,
vthlcli Is the theatre of .
1 the principal eieuts ot
Ihe famous feittltulx of Mini
CrancKcii, this hull I, In en
vironment n nil AlmoHplierc, ci
presses nn,t pleiiMinll) the
eoinfiirlalilo Kplrlt ul old l'nl-
The rnjnltj nnd nohlllty ot
tho Old World mid the 1'nr j
KiihI nnd the men of high
nchlcTcnicnt In America who
nssrmlilc here eontrlluite to the ' -
coMiioiolllau iilmonphfro ot nn
Institution which represents
the hospitality nml llnllvliliial.
Ily of San FrancNro In the
Thu IiiiIIiIIiik, which marks
llio furthest ndiniice of science
In sen Ire, has now the largest
rapacity of any hotel structure
In the West, nnd npon comple.
tlon of the l'ost street annex
vrlU ho the largest rnratansery
In the (world.
WIIIM5 TUB SEItVICE IS IIN..,
USUAL, TIIK 1'IUCKS AUK
European Flan from (2.00 Up
XACIITlNfVIIOATINn, COL.F LINKp
'AMD 'ATiNNlM ftotl THOHEftfVHO
W1HH QUIRT, HICKTFUI. ti'XYtt TOll
Rooms nnd Board
W. C. Bergin, Prop.
14 Kt. Watc ies,
113 HOTEL ST. JEWELER8
Fort Street Near Persian!
C, O. HALL & 80t, LTD.
Hardware, Points and Oils, lllilp.
chnndlery, Stoves, Crockrry, ai.mwarc
and Kitchen Ulenilln Rpoillnu Qoods,
dun, Mevolveit and Ammunition.
Cor, Klmj ami I'orl Uli., HONni.UMJ