Newspaper Page Text
V J !T
EVENING BULLETIN, HONOLULU, T. H, SATURDAY, MAY 11, 1912.
NOW IS THE TIME FOR
1 i Ww&P
ON DRAUGHT AND IN BOTTLE AT EVERY BAR IN HONOLULU.
BEST BOCK BEER EVER BREWED
Call up your Dealer for a Case
Honolulu Brewing & Malting Co.
NEW CROP PROSPECTS ARE
BEGINNING 10 BE FORECAST
Willett & Gray Think Tariff
Scare On Sugar Has
SITUATION IS GOOD
ground, with many bare pa: cues, ow
ing l Inferiority of (lie beet sool
It Ik evident Hint tliu seed problem
will titnv nil liiiiiitrtntit ,,,,, In ,1... ...,..
cess or failure of Kuiopoiin crops llil.i!1",K' mK "'''O''"1" for consideration,
August (1.97c), against 11a. and 14s.
2U Inst week.
Our market In without further sell
ers at 2lS,e. c. & f.. or 3.9S5c. basis
duty paid, against 4 lie per lb. last
Week. The tnrllf Inllttcnro carried tho
prlco hack from 4.11c. to 3.985o. twice,
but at the latter prlco there Is Brent
resistance to further decline and tho
tendency Is toward a recovery.
Tariff. i'rom Washington wo learn
that the situation has not chanced ma
terially front last week. Tho Flnanco
Committee has completed hearings
and Henutor Smoot Is now fonnulat-
I'oor seed may renulro largo rcsow'
Ings and scat city of any seed mav
largely curtail such rosuwiiigs. Wo
whlcli bill may bo reported by tho
Committee as a substitute for the
llouso Free Sugar 11111.
Tho Senate will then havo two bills
consider that tlio F.urnpcun crops are for consideration, tho llrlutow Hill nnd
likely to occupy a M-ry Impoitaiit " amoni or committee mil.
dace In the statistical situation of this
nnd the next sugar campaign
Wo have arranged for fripient crop
repot tH during each week for this rca-
3, Our Liverpool correspondents
sny that the decline In prices has re-
Real Estate Sales Show Trend
Progress of Federal Work
Willett & Cray's circular for Apt II
25 discusses the sugar situation In a
way to remind the student of wot Id
markets that tho time Is approaching
when now crop prospects nro to ho
reckoned with. The Kuroncan beet
crop Is being henid from nnd judging mouths which must elapse before any i tho hnlnuce of power, nnd tho side that
lloth hills will cut out tho dlffcrcn-
tlnl nnd the Dutch standard. Tho
llrlstow 11111 makes the larger reduc
tion .In duties. In the Senate tho
Smoot Illll will havo tho support of
thi) regular Itcpubllcans nnd tho two
Louisiana Democratic Senators.
moved tho necessary check upon con-l ' ", ow I , wmi niouiiicatloiih,
sumpllnn which, now that woik Is In-!1" Ve ""l,l'"-''' "' other Democrats,
lug resumed In U. K may bo ovpeclcd 1,,,I.B ulvl,1,' the settled contestants
to Increase and tho pioldcm ns to how1 t1ll",1 "raving tho Insurgent camp
to llnd sulllclent supplies In satisfy a n" lll 'mt,1 K'"01'"1'-
nornml cousuniptioti during the six mo thirteen insurgents will hold
fiom Iho -comment of this elicular, tho
slump In the price of beets that has
been evident for the last few days Is
IIiii result of more fnvornblo now crop
reports. Tho circular Is especially In-
(cresting at this tlmo when n number
of Impotlnut influences nro being felt
In I ho market and referencu to taw
sugar and lo tariff prospects Is there
Inni given .herewith:
Haws. Tho several Influences ran
Irolllng tho outlook of the sugar sit
uation aro: 1, tho Cuba crop outturn,
2, the conditions affecting tho Euro
pean beet sowings. .'!, (he requite
mollis of 'the If. K. from Culm, and 4,
our sugar tariff outcome.
1. The Cuba crop repoits havo mi
constantly Improved dmlng tho past
lew weeks by dry, favorable weather
and full number of Centrals at work,
that a very full crop, up to original
first estimates, appears now well sot
lied. 2. Tho Kuropeaii beot crop now be
ing sown comes In tho front for atten
tion and lufluencu for tho first tlmo
this season, Tho latest strength to
foreign markets Is because of roporls
of too dry weather conditions for
(he Hpioullng of (ho seed In the
ground. F, O, I.leht coullrms this con
llllou In n cnblo lo ourselves and we
have also a cabla reply today from our
London friends from whom we nuked
Information yestordny They cnblo ua
nu follows1 "Kuropenn beot crop sut
leilng from drought but not Ijpyond ro-
lair. jiarKot snows an impiovmg do
maud for all grades. licet sugar hard
lly mall of April ICth wo learn thai
nt that date sowings In Clormuny were
beginning whllo In "Hungary tho
appreciable ipiantlly of new sugar lsrols tho majority of these will likely
Mailable Is not et solved." Wlu out. The regular Democrats want
This retieued dotilil as to sulllcleucyl the III I alow Illll modified to entirely
of supplies In United Kingdom caused eliminate any chance of tho dllTcrcn
liurchat.es of Culm (Vutrirugals or 50, tlnl remaining In the schedule,
mm li-ti'u i.r i,i, it., .it o CM, r ,, I. 'nt.,, I It Is well to snv flint tlw.rn nrr Ron.
1,-11,1 tlilu fnnlni-.. mnf v,tt Imi.i ,1,., It.JlltorS WllO clntlll t ll Jit liolllinr Illll will
Iluencu to Inkti somewhat from the become- law and that nothing will bo
supplies depended upon by the United accomplished at this session, and that
States., tho Dcmocials as a whole, and from
Our tariff iiuleomo Is now a mailer ttiolr political standpoint, do not de
of secondary Importance. iort im-qJBlte ultlinato tariff action until they
nnd Cuba sellers had (heir scaro utnl contrcil tho President and Senate, as
sold tho market down, until nt present '(hey hope by tho next elections, when
Millies any likely reduction of Intlrf tnrlft changes can bo more radical
rules has been nearly discounted, ami, Minn uv.
If Iho bill passed lotuoirow sugar If (ho Democnitlc party Is given full
prices would scarcely go much lower,! control, wo anticipate Hint tho pres
while If no bill passes at Ibis session, ml old-fashioned tariff will give place
a recovery of prices Is likely lo Iho 'o Uio modern, up-to-date methods of
usual difference below lhuopeau par. sugar prouuemg couniries, viz., a cus
liy, such dllToteuccs being now tool loins tarllT and Interim! rovenuo tux
largo, say :)1c. per 100 lbs., and with combined, so Hint every pound of
Kurope on a rising trend. I sugar that goes into consumption shall
Telling Iho futuro Is of course al-l contrlbulo lo tho revenues of tbo (lov
ways dllllcult, but It seems lo us that' eminent, sulllcleutly protect Iho pio
nn nnalysls of abovo Influences Mi clucors nnd nt tho snmo tlmo lower tho
more favorable than otherwise to ant cost of Bitgar to tho consumer,
advance In raw sugars from the pies- Tho Republicans nro Hkoly to mako
out larirt scare level or 2B4c e. & f.,' n, strong effort to bring about a mod
UC lest Centrlfuguls, pending the nr-icrato roductlou In tho sugnr'larlff, as
rival of new crop sugars In August- (hoy rcnllzo Hint tho people want lower
September. cuttles gencruliy.
Wo may add I hut tho smaller cauo.Sunar Stock Market.
eiops of the world, of tho West Indies,! Local conditions remain about tho
Iteinorara, Ilrarll, Philippines and I'nr.j sanio. Most everyone-Is waiting to
to lllco necessarily being reduced by. hoar tho last word from CongicBB
latest rcporlB, but the total of theso though what Wlllelt & Oray say of
leducllons Is perhaps not octcdlug tho Inltuenco of tho tariff Bcare- on tho
150,000 tons, and still sulllclent to sellers of raw sugar may he snld with
throw nu Infliicnrti on the strengthen- almost equal truth of tho buyers and
lug sldo of prices later. 'sellers or sugar stocks In Honolulu
Kuroponn mnrkets today aro Mulct (lencrally speaking tho market has
at 13s, Oil (4.93c.) for this and next bhown Indications of strength. Tho
young Bhoots wcro already above month beet sugar nnd 13s. ll',il. for belief Is general that although the fu
turo bugbear of a Democratic victory
In the Kail will operato to hold things
level, this cannot prevent a shortage
of supplies during tho summer when
tho canning season Is at Its height
nnd therelore tho price of sugar when
Iho last half of tho Hawaiian crop
goes to mnrket will bo considerably
higher than a the present time.
Meanwhile tho Islnud crop Is com
ing off In splendid shape and tho reg
ular dividends nre being paid, result
ing In a most satisfactory flnanclal
condition In Hawaii.
Thoro have been no special features
Ir. tho stock market. The steady sales
of Olaa bands contlriuc, fallowing thai
a lot of conservative capital Is seek
The record of the Stock Hxchange
l-nles for the week follows:
Tuesday, May 7.
Itetween Hoards: 30 Pioneer, 35.00;
39 Olnn, 7.75; 50 Oaliu, 29; $5000 llllo
L'x. Cs, 91.50; 50(1 II. O. & S. Co., 45.
Session Sales- 195 Haw. l'lne. Co.,
41.50; 25 II. II. & M. assess., 10; 15
90-degrco Centrifugals, 4.05. Par
ity, 1. 90. 88-degrco Analysis IJeets,
Wednesday, May 8.
Ilctwceu Hoards: 25 Oaliu, 29.12V&;
$2000 Olaa Gs, 97.50.
Session Sales: 20 0:aa, 7.87M; fill
Muliryde. 9.25; 8 Oaliu, 29.12'; fi
Haw. Pine. Co., 42; 100 Olaa, 8; 20
Olaa, S-; hO Olaa, 8; 100 Olaa, 8; 20
Olaa, 8; 20 Olaa, 8; 0 Honokaa, 11.
37'j; 10 Honokaa, 11.3714; 7 Wulalua,
Iltldegreo Centrifugals, 4.05. Par
ity, 1.87. 88-degreo Analysis licet h,
At a special meeting of tho stock
holders of the Oaliu Hallway & Land
Co., Ltd., hold April 30, 1912, It was
voted to Increase tho capital stock
from $4,000,000 lo $5,000,000 as of July
1, 1912, by Iho Issuance of 10,000 paid
up shares of the par valuo of $100
Thursday, May 9.
llotwecn Hoards: 14 Oaliu, 29.25; 12
Oaliu, 29.25; 25 Oaliu, 29.25; 25 Oaliu,
29.25; $1000 Hilo Kx. Cs, 94.50; $12,000
llllo Kx, Cs, 94.50; $20,000 Olaa Cs, 97.
50; $3000 Olaa Cs, 97.50.
Hcsslun Sties: 100 Olaa, 8; 5 II, C.
& S, Co., 45.25.
9C-degreo Centrifugals, 3.9825. Par
ity, 4.83. SS-degreo Analysis llects,
May 8, 1912. Haw. C. & 8. Co. will,
by vote of tho directors at San Fran
cisco May 8, pay an extra dividend of
50 cents per share Juno D, 1912.
Friday, May 10.
llotwecn Hoards: 500 Pioneer, 35.50;
10 O. It. & L. Co.. 170; $21,000 Olaa
s, 97.50; 100 Hwa, 32.75; 100 Mc
Session Sales: 15 Oahu. 29.1214:
15 Oahu. 29.12V4: $48,000 Olaa Cs. 97.-
50; 20 Oahu, 29; 35 Oahu, 29; 15 Oa
(Continued on Pago 11)
The French Laundry
J. ABAD1E, Prop.
Cleaning of Pongees, Flannels, and delicate
fabrics by Abadie's French method, which
restores the garment to its pristine freshness
777 King Street
Good for 2000 Votes
I nominate' Mrs, or MIsa
Downtown addresB, It any
Occupation ' Phono
District No (Seo District Divisions)
Nominated by ft Address . :.
Only tho first nomination ballot received for each candidate will count
for 2000 votes. Pill out all tho lines of this ballot very carefully and mall
AT ONCK to tho Contest Manager, Kvenlng Hulletln, Honolulu, T. II.
Tho management reserves (bo right (o reject any objecllonablo noml
Fill out this blank, wrlto plainly, and send It to Contest Manngor with
your name or tho name and address of your favorlto candidate Tho names
of persons making nominations will not ho divulged. If so requested
TiirfJfiM&il iifit trr '' '