Newspaper Page Text
'
14
EVENINq BULLETIN, HONOLULU, T. H, 8ATURDAY, SEPT. 16, 111.
t(
w
K
if
Hi
&
ft
j
SUGAR EXPERTS
YEAR OF !
THAT
SUGAR PRICES CAN
GOOD
BE DEPENDED ON
Business Review Shows Week
' Dull In Stock Traciino
Otherwise Active.
EXTRA DIVIDENDS
DECLARED; PRICES SAG
General Trade Is Good PcaiJ
Harbor Contracts Lot
. Building In Honolulu Con
. tinucs at Good Rate, i
Thin closes nhntlior reinnrkuhlc
wii'k In tin- lliiuiicl.il ami htmlm-ssi
history of I lonol nlu. '
With extrn tllvhli'iiila lielni;,. Op-,
claicil on nvory hand tho iiiurket lias
initially xiiKKi'il. TriiilliiK has heen
Oi'ail. Thu bunks liavt- intini inline)
than at any oilier time In their his
tnry ami thu bunki-i's lmo every roil
lldence In the situation. Vet tin
trailer l.s nut of-Iho miukut ami bus
iness Is dull.
Walaliia, 111 better condition than
ever hvforo In Its exigence, In qiioli-tl '
at a loner IlKiirn than :i week nun,
and not yet iih IiIkIi iih a little tivtr n
jear iiro. 1'loiieer has derj.ired etra
dividends millirlcnt to make a tven
tj-four per rent dividend for tin.'
year. The price of the'stoek wirrpiI.
Hawaiian Agricultural has declared
n 'large extra, hut there In little trad
IliK In tills stock at nnv time. Much
fnterrst' Is ccnteieil on whal Oahu
HiiKiir Cfiiupany will do, ns It Ih eer
tnln to have a larKc surplus at the
Mitl of the year. The cheap stocks
liave saKRed out of sympathy thuiiKh
the cause for ilfllryile'a weakness Is
tli'e report that vviiat surplus funds
the company may have at the end of
the year will lie applied to reiluclnn
the debt with thu agents and the pos
sible dividend Is not III sight Splen
did reports continue to come In from
Ohia. A certain clique of LujorH -Hid
brokers have formed the habit of
k'nockliiK the cheap stock. Tho te
sutt Is that the crowd that formerly
l. dealt In these stocks ami did much to
ITVM. -.- ...
ivinuKn tno lnni'Ket, put tlielr lilnneyv tu
the "Rood things" liniuglit from San
Francisco, In the way of oil and
mines ami so forth. In coiisciiucr.ee
the brokers hae knocked uthelr own
biisluess and thn peopli'i who Invested
lir.'these things that were so 'micli
better than nnv "Iiifife thick" plantii
tlons have lost their money, nlid have
nothing but green certlltcntes as n
souvenir.
The record of the market as shown
by the sales reported on the V.x
chaiiRe each day follows;
SAI.KS llotvvecn Iloaids; ICORvvn,
32.S7,&: IB Ewj. $.12.S7'4! 35 Kwa.
ms-'j; -in Haiku $17B: fin llatku,
17.r,; 6 Haiku. $175; r. Haiku. $l7r
T-IIWO Hon. flas Hs. Jllii); 3ft O.ihn.
$3:1.25: SO Oahu. $3.1.25; 25 Oahu.
JIU.25; 10 GMhti, $33.25; 20 Oahu.
$33.25.
SCbslon Sales: S Walalna $129;
$10i0 Walalna Cs. $102; 5 Walnliu,
$12S.50; 5 Walalna, $128.50.
SAI.KS netweeu Iloaids: $1000
Mrllryde lis, $100; $1001) Walalna 5s,
$102, 5 Kwa, $32.87,4: $1000 1001
illlo fie. $S.25; $1000 Olaa Cs, $01.50;
II I'loncer, $222.50; 40 l'loneer, $222.
50: 5 Walalna, $128.60; 50 Oahu, $33;
100 Oahu, $33.
Session Sales: 5 Kwa, $32.75; 5
1'illa, $t70; 5 Walalna, $127.50.
SAl.lS Ilclvveen Hoards; 15 l'lo
neer, $222.50; 200 McI)rdo. $7; 150
Mcllrjde, $7; 15 Mitt. Tel. Co., $1C
50; $4000 Mc'.lrydo Cs, $100; $1000
Mcllrdu Cs, $100; 40 Mcllrytlo, $7.
SAI.KS Uetweeti Hoards: $30011llii
I'JOl s. $0.50; $500 Walalna 5s, $102:'
55 II. O. & S. Co., $11; 10 II. C. & S.'
Co., $11. j
Session Sales: 10 Kwa. $32.87',4; 20
II. U. & S. Co., $40.75.
NOTICB Nn session of Hie. JBx
pliaitKO tomorrow, Saturday, Sept. IS.
Uegal Holiday. KuRatta Day.
NOTICK l'loneer Sugar Company
will pay, by vote of tho dlrcctots, ex
tra dividends as follows, In addition
to the tegular dividend of $1.50 por
month: Oct 1, $2; Nov. 1, $2; Dec. 1,
$2.
niVIDKN'DS Haw. Sufi. )spl. 10c,
reg. 30c., 70c; Oahu Sugar, 20c; O. 11
& I.. Co.. 75c; I'epeekco (spl. $2.40,
leg. $1., $3.40; Walalna, 75c.
Another (iiiinl Year.
Sugar clrcutats received through
tho week lire especially Interesting
on account of the unanimity of opin
ion that next ear Is certain to fur
nish it good pi Ice for sugar. The
comment of thu Federal Reporter mid
Willi tt & (1 ray's latest follows:
Wlllett & Oray, In their latest sugar
circular, dated August 31, predict an
other good year of mi gar prices.' The!
comment of the circular follows;
Itaws. The upward movement of
prices Is still unchecked I
Kuropeati beet crop conditions, the,
cause of tho present excitement, ure!
not mil) unimproved, but are cninpar-t
ativety worm than a mouth ago, as.
shown by conservative general re-J
ports IF O. I.lclit cabling weather
mostly unfavorable) and by the ,
lateht tests of beetroots taken from,
thu Held; r'ecognlvd authorities have'
not yet published any estimates oft
the probable crop outturn, but a pri
vate report, based on personal ex
amination of the beet fields, Is given
out, estimating a fall-short In (lor-!
many and Austria together of 1,450,-.
0Q0 tons.
In France, Holland, llelglum ,and
Russia tho conditions are fairly good
for the most part, and, taken to
gether, the piodiiction In these coun
tries may equal that of lust season. I
To offset tho shortage lu Hermanyj
und Austria we must look to cane-'
producing countries, which, under the'
most favorable circumstances, do not
promise to give next season more
than 700,000 tons- Increase, leaving n
Hoi Indicated shortage In principal
countries of 750,000 tons. '
Theso llgurcH are not by any means
accepted by us ns olllclal, as future
weather conditions may cause very
materially different results, but In '
view of all the Information received
to date, they do not appear to be
unreasonable.
If wo are to hnvo a net shortage'
or 7..0.0MU tons, It will ccrtnlnly be
a serious matter; sugars will be
scarce the world over; Europe will
have to look to Cuba for some sup
plies; prices In New York will rule
close tUtthosc In 1-ondon, und values
will remain high for a year or more.
During the week trade buyers us
well as speculators In London have
been paying advancing prices, those
nl the closo being Oil to Is 3d higher
than a week ugo, at 15s Jd, purity
of B.37c for Centrifugals, for prompt
beet, ami 15s Oil (5.31c) for October
December beet.
It Is rcHrted that tho noted
Chilian speculator, who has appar
ently not operated In Biigar for Home
time, has Just entered tho London
sugar market ns u buyer.
Centrifugals at Now York were
tpioted lust week basis Be for 00
(est, but on comparatively small
quantities, refiners have been com
pelled since then to pay 5.11c $c
c. & f. fur Cubas), 5.25c for stored
ugurs and att ho close 5.30c. for September-shipment
Culms or 4c c. & f.
The supply of available cane sugars
Is so limited that holders ure now
asking even higher llgures.
Sput quotations ure nominally 5.25c
for !tti test, but will doubtless be
higher on next 'sale of nearby sugars.
The stock of stored sugar In Import
ers' bands at New York Is now prac
tically exhausted, and thero is but
little left unsold lu Cuba und 1'orto
Itico.
3Hc c. & f. for Kebruary-.Marclt ship
ment. I-atest reports on weather In Cubn
Indicate that rain Is wanted.
t.oulslann crop prospects are good,
and the same can be suld of the
United States licet crop.
Iteflners must now rely mainly on
sugars to arrive from Java, Hawaii
and Philippines, which will be com
ing right along, with same European
licet, possibly, to 111) out until new
Cubns cotno forward next December;
but It can' be seen that such supply
Is very limited and Is not so regular
or reliable its the Cuba crop In Its
season. The llrst cargo of Jnvas this
season has Just urrlved.
Kuropeati Ueet sugars have been
offering ut 10s c. & f. for October
shipment to New York, equal to 5.34c
for Centrifugals, but no sules of these
sugurs are yet reported,
V.
t
Inl'n. tttw Cn.itAl.il.n. nl.l,....n.il .n '
""ill. iui m,itHiui;i niiiiiiiini iu
Huston (middle, November arrival)
were sold at Us 7V6d c. & t equal
to 4.!)4c landed, und for early Sep-j
lemiier Kinpineiu to jsevv vorK on pn
Mite terms, understood to be around
14s '.Id c. & f. Uiter n cargo for
August shipment (October arrival)
was void tu New York rentiers at
lCs c. f. & 1., equal 5.22c landed. All
of the August shipment cargoes ure
sold, except possibly one:
Large sales of Philippines have
been made during tho last fortnight,
covering boiiio 30,000 tons for Sep
tember, October and November ar
rival, and the lowest 'price's nowj
asked are 4.40c to 4.00c for 88 test,
according to positions. The quantity
now afloat from the Philippines Is
about B.S.O0O tons. The total quantity!
of Philippines available from this
tlato to December 1st is some 90,000
tons.
Thus fur there are reported sales
of now crop Cuba sugurs for Janu
ary shipment covering somo 75,000
bags, on private terms, part of which
are for European account, und may
be destined United Kingdom. Sellers
of Cubas aro now asking 3c c. & f.,
equal tu 4.735c landed, for tint-halt
January shipment, and might accept
The latest New York sugar circular
received Is the IVderal Heporler, which
reports market conditions ns of Au
gust 28. It says:
Raw Sugar.
Alt advices received from abroad,
both by mall and wire. Indicate that
operators theic thoroughly believe that
berltius damage li'is been tlonu to the
beet crop, jml the shortage as com
pared with last year Is estimated at
1,000,000 to 2,000.i'00 tons. The mar
kets have continued to advance, ami
the cables received this morning quote
Aligiisl-Hcpttinhcr beet lit 15s 4 l-2d,
und October. December new crop lit
14s 'J 3-4d. A salt! was reported un Iho
Ctli of a small quantity of Cuba sug
ars, nl 3 3-4e cost and freight, basis
1)6 degrees, fur 'ii ptember sKlpinelit.
Since then there have been rumors of
snles of stored minors, at 11 -Sc basis
96 degrees, which could nut be con
tinued, but this riornlng Messrs. Ar
buckle ltrothers entered the market,
and have secured about 35,000 bags
Cuba sugars, from store, nt 5 l-4c duty
paid, basis (Hi degrees. This practical
ly clears out ull the unsold -sugars In
store, ns the small balance Is likely to
be sold to the trade We would quote
the spot market strong, with buyers nt
5 l-4e duty paid for 9C-degree centrif
ugals, 5.00c duty paid for S9-ilegreo
inuscovndoes, and 4 ."Mr duty paid for
89-dcgree molasses sugars.
Cuba.
Owing to the advancing markets
abroad, I'uban sellers are asking high
tr prices for new crop, and do not
yevm Inclined to fell nuythlng at pres
ent under 3l-2c fer January shipment.
Javat.
Thero arc no further transactions reJ
portetl. Tlitin are seller of Hcpfem
her shipment, at 14s 7 l-2d to 14s 'Jd
tost noil freight.
Philippine.
There are about 30,000 tons of theso
sugurs offering; nlloat and for ship
ment, on the basis of about 4.35c to
4.50c, basis S3 degrees. It Is estimated
that the receipts of theho sugars dur
ing Keptembef-October will amount to
ubout 75,000 tomi. nnd the total ship
ments to the United States will bq
about 100,000 tons more this year than
hist
Eurnp. ,
As above stated, the mirkets havo
continued 1n advance, owing to crop
news reporting scinus damage. One
party here has received the following
Mrt. Lang's Luncheon.
Mesdames Carl Wldemann, Mrs.
Christian Conrad, Krank Richardson,
Frederick McKarlane, Jack Dowsett,
William Dargle, Aloxander Canvibell,
Eninui McKarlane, K. Paris and tho
Misses Allco McKarlane and Mt Mer
ger enjoyed the hospitality of Mrs.
LntiR when sho entertained Wednes
day, nt on elaborate luncheon In hon
or of her sister, Mrs. Uerger. The
color scheme vvns green and mauve.
After luncheon tho guests devoted the
rest of tho afternoon to the nbsoib-
Ing game of bridge.
Mr. and Mrs. Atiguttu.i Murphy's Din.
ner.
Mr. and Mrs. Augustus Murphy en
tcrtnlned Friday evening at a pret
tily appointed dinner In honor of Mrs.
Lindsay Tlogers and Miss Helen Rog
ers of California. Covers were laid
for eight. A profusion of roses dec-
1 orated the table.
?'&$44P$$6$hss)
from bis European correspondent,
under date of August 19:
"Tho ralnlr.ll on the Continent has
again been quite Inslgnlllcant and re
ports about the itrte of the beet Holds
become more pessimistic every day. It
Is now a favorite theme to draw com
parisons between the coming nnd Iho
1901 crop, and tho general conclusion
Is that the 1904 drought caused less
harm than (bo present one-."
.Mr. I. Ieht reports:
Magdeburg district
19)1. 1910. 1909. 1908.
elglit, Of.. 154 n'CN 31C 379
Sugar, ..J7...7 13.91 13:17 14 d'c
1907. 1900. 1905 1904.
Weight, Ok.. 312 358 3C9 294
Sugar, X ...14..T. 14.39 15.05 17.SC
Other districts
1911. 1910. 1909. 1908.
Weight, fls.. !! 290 239 288
Sugar, ...17.28 14.8G 15.11 1513
1907. 1905. 1905. 1904.
Weight, fls.. 2.'fi 372 297 202
SiiRnr. X ...10.04 14.73 14.75 18.78
Olio of our friends abroid writes as
follows, under tint) of August 19:
''The deficit, In the beet crop Is be
coming more and more assured. Some
pood rains l.nve fallen, but these for
the most part have been confined to
the Ilnltlc coast. Debt's figures this
week Miovv r.n Inc-enre In richness, but
little In weight, nnd this Increases tho
lesemblnnce to the year 1904, when
there was the Int.: fullurc of the crop.
The Increase In richness means tbn
ripening of the luct, nnd we nre fust
reaching a point when rnln would do
more barm than good."
The Kuroptnn market closes strong.
r.s follows:
I August buyers, 15s Cd. equalf. 5.31c
flute milil Kttw Vnrti
j September buyers, 15s 51-2d, equals
5 30c duty paid New York,
October-December buyers, 14s lO'.Jdl
iquiils B.l'c duty paid New York.
January-March buyers, 14s . iltl,
equals 5.19c duty paid New York.
Eddy Refrigerator
f
iiEalEVl5BaaattiWMvyZ(!!BaaV I r ffirfaaB
It is the ideal refrigeta1
tor in food -preserving
qualities, economy of ice,
ease in which it can be
cleaned, appearance, etc,
eVUMs osi
Moderately Priced
Full Line of Sizes
Theo. H. Davies & Co., Ltd.
Hardware Department
Numiiiiij IniproiementK.
Improvements un Nuuanu nvenue
are to commence on Monday morn
ing, when, according to the plans of
Hoad Supervisor Wilson, one hundred
men will be set to work. Four thou
sand dollars will be available, nnd It
Is thought that n fairly good start
ran bo made with that amount. To
make a good Job of the Improvements
to this street, It Is estimated that
about twenty-llvo or thirty thousand
dollars would lie necessary.
Kiihn Studjlng Un.
' Congressman Kahn will see all
there Is to be seen In Hawaii In the
limited time he hits for a visit here,
and from tho statements that lie lets
drop every little while Hawaii Is
making a close friend.
Thursday ho took in uR thero was
to be seen at Pearl Harbor, which
Included a visit to the big guns ut
Kor( Kumehuniclia. Tho visitor staled
that It will he but a short time until
proper and sulllclent protection for
the other side of tho Island will be
provided. During the llrst of the
coining week he will take In (ho mor
tar practice of Uuttery Harlow, at
Fort Roger, and will then make, n trip
to llavvull and take n look ut tho volcano.
Cnstlo & Cooke, ncenls for llabcock
& Wilcox, recolved word that (hey
bud been awarded the contract -for
tho boilers and steam IHtlngs that are
to bo used at tho Pearl Hutbor naval
station. Tho foundations for tho new
boilers: ure being placed now,
I'mlt'tilou fur I'rult.
Although there Is little rnmmolinii
ut present tner tho fruit fly und Its
worlt, thero Is still quite n number
working for the destruction of the
pest,
K. K. Curnes, entomologist, who was
sent hern by the horticultural authori
ties of Caliroriilu for the purpose of
making a tliottiiigli Investigation, lias
nothing to say for or iiKnlimt Iho lly.
Ho does say, however, Ilia) lin piny
not iniilto any repoit until ho bus re
turned in thu ('oust, It Is probable
Hint Iho lining of it f i lilt quni'iill.
1 1 mi in- Iho Inii mining of tint humid
w depend un Iho llilllllK of UiIh ii.
pun iii iiiu ,itilnut Hii'in ,i I'vciy
t'lTiill being, t'Utbo by Itnit I iiiHIiniille
nml Milium n pupIIi'iHp Iho ii, Thn
liuHMblllly of Iho Hull y nliiiikihK
(CAMllniifd on lau IS)
The Real Goods
We have chosen Kodak goods for
ou photographic department because
they are trie real goods .tint the imita
tions. We knovv that they are right,
that they "come from dependable
people and we ofTer them to-you, our
customers, with the knowledge that
they are going to prove satisfactory.
Here is the smallest of the pocket
series, the
NO. I FOLDING POCKET KODAK
So small that it is easily carried in any coat
pocket. The pictures
are 2' 1-4 x 3 1-4
inches. Price $10.00,
b$ liS'i, tan
Let- us show" yon the
full line' of Kodaks
and Brownies, and
help you to a selection
Honolulu Photo .Supply Co.,
"Everything Photographic" Fort helow Hotel
THE IMPERIAL
heavy duty Marino and Stationary Gat Engines aro bui't in San Francisco,
Cat. 1, 2, 3, 4 and 6 Cylinders) 4 to 230 H. P.
ff3-
O (
o
33
(A Ifl
3 5
I-
' . '
3 x
it
TESTIMONIAL!
Dear Sirtt We take pleasure In stating that we have purchased one 25
h. p. four cylinder, two 35 h. p. three cylinder, one 12 ll. p. D. C. and four
teen 4 and 6 h. p. single cylinder Imperial Engines, all In use in our fleet of
fishing boats We are well satisfied with the performance of your machines
and will gladly recommend them.
AMERICAN FISH & OYSTER CO., Black Diamond.
Imperial rapid advance in trade is due to its having the highest efficl- ,A
ency of any gas -nnine in our market. Every possible precaution is taken In
the manufacture if Imperial asto best of material being used, exact, and
standard sisss turned put. Call and we will show you Imperial engines, big
and smalt, marine and stationary, working in Honolulu. Imperial agent for
Hawaiian Islands is HENNINQ A. PETERSON, 1150 Alal'ea Street, P. O. Box
155, Honolulu.
PERFECTION ATTAINED
A Perfect Cooking Gas Range
Nickel-Plated Throughout
Special Features
Safety Lighting Device. t
, A Class Door, through which you can watch the baking or
roasting.
1 ON DIHI'LAV AT
Gas Company's Office
ALAKEA AND DERETANIA '
u
Young Hotel Laundry
Work Rallsil For ami Dsllversil
Union ml lol. I Qlistli ioie 1833
Weekly Bulletin $1 Per Yeiir
1
'a& . 4
stl4
-mn 'mj'fr'Wit"tmmmmit'feWtiiuiiii'i nniinmm
fH wWPjMil'jitt3easMsjfj
