Honolulu star-bulletin. [volume], June 01, 1917, 2:30 Edition, Page FOUR, Image 4

About Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010

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FOUE
HONOLULU FRIDAY, JUNE 1917,
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JAPANESE SILK GOODS Aim OTOIOB, EHI0H03
AND ELIBROIDEEIES
SAYEGUSA
1120 NUUANU STREET, JUST ABOVE HOTEL
POOl glasses make
American Optical Co
1148 Fort Street BlaisdeU Bldg.
Honolulu, T. H.
(Officers' ileservc Corps
Class Opens Tonight
AT THE
Y. Mo C A.
Under Instruction of Lieutenant E. F. WitselL U. S. A.
Course of 12 Lessons
Class Meets 3 Nights a Week
Fee for the Course is $5.00. N
A.LoCmtie
If business men could only attend a
Democratic meeting and then a Repub
lican meeting there would, be no ques
tion as to why the straight Republican
ticket should bevoted. The candidates
of the: RcptKcaii party are-out for a
clean-cut; fc&meisJike administration,
and as proof o f fiieir sincerity can point
to 'permanent improvements already
completed, such as Nalakaua Avenue,
. Beretania Avenue from Nuuanu to the
Junction with King, and the partially
completed Pali Roadand to many pro
ejected betterments bixilt tinder contract
t latior and the improvement laws ; the
Dexnocnib cxi the other! hand ire op
( posed to' contract laborand the con
1 tinuance of the frontage' tast.
' . i . , ... ' -:'
: f: ? i i " . ?
: IIiq arguxnentf ibey Are using pure
ly f orlhe 'purpose of catching votes,
are ololetb and cannot get the vote of
lite tMnloriman. , Some men say they
wiD yotcfbir the Republican ticket, ex-
cept thatthe will substitute McClel
lari WdPetrie for either Achi, Ahia,
Bellina or Logan. . But- neither Mc
Clellan nor Petrie has come out for
the principles for which the Republi
can Party contends, the principles en
dorsed by the Automobile Club, Civic
Convention, and all men honestly in
terested in permanent construction.
x
As -it is inconceivable that all men
voting, the Republican ticket, except
for two men, will all drop the same
two supervisors, it is obvious that such
split-ticket voting may lead riot only
to the election of two but four Demo
cratic; sirjferyispirs-the election of a
majority absolutely opposed to sound
business principles. . The voters of the
Fourth District should also realize that
Achiarid Acrioldare the only two Fifth
; Diitnct meh running on ike Republi
vcaxi tickejLand it is only fair play
these. mWhould get their full
HJI r
INTER. C4
ftvery steamer.
. F6cn 1Z7I
C4
"poor eyes.
Enrollment Limited
Register Today.
COMMERCIAL
SUGAR PRICE IS
OF CUBAN CROP
(Spd&I 8lr Boilrtm CorTMpcndenct.)
NEW VOKK. X. V.. May 18. A
steadily declining market has ruled
throughout this week and lato Bales
of Cubas for June shipment to ope
rators at 4 13 lKr oasis yP c.&f. show
.25c decline as compared with price
paid for Cubas in this position at the
close of last week. The growing be
lief that the Cuban crop will outturn
better than indicated by reduced es
timates published a 6hort time ago
baa led to freer offerings from Cuba.
Another contributing factor to the de
cline fcaa been the. steady drop In
values in the option market, which in
turn has been Influenced to some ex
tent by the uncertainty of the pend
in gleglalalion in Washington, and aiso
the disfaror with which the gover
ment Is Inclined to view speculation
in foodstuffs at this time. The lessen
ed demand from the British Commis
sion and from outport refiners has
withdrawn the support from these
sources which was in evidence last
week.
Local refiners were amply supplied
with stocks of raws at the moment
and were reluctant buyers, and con
sequently when holders of Cubas at
tempted to force their offerings they
found It necessary to successively of
fer concessions in order to effect
sales. The result was moderate sales
of Cubas from day to day at steSdily
declining prices from 5Vsc basis 96
c.&f., paid at the opening of the week,
S l-16c, 5c and finally to 4 15-1 6c basis
96 c&t, realized at the close of the
week for Cubas for June shipment.
On the other hand, owing to the bene
fit that Porto Rico sugars would de
rive from the proposed increase in the
duty on Cubas, holders of Porto Rlcos
were less anxious sellers and buyers
were disposed, to pay relatively full
prices for these sugars. There were
but few sales of Porto Rlcos, some
parcels for May shipment selling at
6.14c basis 96" cif. early in the
week, and additional small parcels in
this position at 6.02c and later 3.95c
basis 96 ci.f. near the close of the
week.
List prices of refined remain un
changed. The American S. R. Co. has
continued to take a restricted amount
cf business at 7.50c less 2 per cent.
The National S. R. Co. Bold more free
ly than previously at Sc less 2 per
cent Arbuckle Bros, have again re
opened for business at 8.50c less 2
per cent, and although this refiner
was able to make prompt shipments
at this price no important business re
sulted. The Warner S. R. Co. and
the Federal S. R. Co. -were practically
withdrawn at 8.50c less 2 per cent.
The domestic demand continues to
show a slackening up and the Inquiry
for granulated even at the 8c less 2
per cent basis Is not nearly as keen
as was the case a week ago. For ex
port, 7.25o to 7.50c net cash in bond
is still being asked, but it is generally
felt that firm bids at a lower basis
would lead to business.
MANVHOlESARE
ERECTED IN MAY
Although building in Honolulu dur
ing May passed the $200,000 mark it
fell below that of April and also of
May, 1916, but in both cases by only a
few thousand dollars and there were
fire permits for over $10,000.
The total number of permits taken
out in May was 85 for an estimated
cost of $207,748.35. A year ago it was
143 permits totaling $215,867, and last
month 73 permits totaling $220,057.70.
The number of small cottages con
structed in May was somewhat larger
than, usual, the total being 60, of
which a large majority cost less than
$1000.
The American school's printing es
tablishment at Beirut was seized by
the Turkish government.
Republican
Precinct
Meetings
TONIGHT
7:3n
Liliha and School Streets
Lilinokalani School
At Auction
At Noon Tomorrow
at our salesroom, by order of
the Treasurer of Waialua Agri
cultural Co., 287 fractional
shares of the new issue au
thorized at a meeting of the
stoplders of said Company,
LOV ER ON NEWS
STOCKS
Lumber Rates
Are Aviating
Coastwise lumber rates advance.!
materially dur.ng the early pert of
last week, according to the report of
the Shipowners' Association cf the
Pacific Coast. From Grays Harbor.
Wiliapa Harbor, Columbia river and
Puget sound ports the rates to San
Francisco and Southern California
have increased 50 cents per thousand.
This is a jump in rates between the
ports mentioned for the first time in
nearly a year. While offshore rates
have been advancing gradually ever
since the war commenced until thev
are now at figures not dreamed of
three years ago, the coastwise rates
ha-ve remained nearly stationary for
some time.
Under the present alvance the
rates from ports of the north to San
Francisco are now $6:5o per thousand,
instead of $b and 3r ports of South
ern California the rates have increas
ed to $7.50 from $7. From Coos Bay
the rate to San Francisco remains at
$3.76 and to Southern California at
J6.75, but it is expected that this will
be advanced as have the rates of tir)
more northern ports.
Shortage cf steamers to carry lum
ber, and also the greater demand for
building material as summer ap
proaches, are siren as the reasons for
the Increase to California porta. It is
pointed out that so many steam
schooners which ijere formerly in the
coastwise" trade have been sent East
and sold for gulf and Mexican service
that there is a considerable shortage
of carriers, with the lumber demand
brisk. Coast Seamen's Journal-
Excellent reports were presented
to the stockholders of Hawaiian Su
matra Plantations, Limited, by Dr.
E. C. Waterhouse, managing director,
at the annual meetirg yesterday. One
of these reports was verbal but the
other was printed and constituted the
first report and was for the six months
ending December 1, last. Beyond
the reelection of officers and directors
and reports of Dr. Waterhouse the
chief business of Importance was the
changing of the bylaws to have the
regular annual meeting in May or
June instead of in April or May.
The. printed report of the Planta
tions first treats of Kwala Goenoeng
estate, the rubber and coconut plan
tation. There has been planted to
rubber 257 acres, 27,764 trees, and to
coconuts 150 acres, the latter trees
being two years old.
The Pantai Boeaja estate has 507
acres planted to coffee, 93 partly
cleared and 553 felled but not clear.
It is estimated that a crop of 150
piculs, 20,000 poundB, will be harvest
ed toward the end, of this year.
TO BE CONTINUE
During the present week Montana
Bingham has oeen a striking feature
in the stock market, f irst it declined
sensationally on street reports that
an option whicn the company hal
taken on the Fortuna would not be
continued, without a further payment
of $25,000. It recovered nearly as
sharply when the report came that
the option had been taken up and th?
second payment haa been made. Ia
connection with the first report it
was said that the local hui, which
holds control of the bonds of the com
pany and of a iarge amount of tin
stock, had been asked to contribute
toward the payment on the option
Today it was said that the option was
taken up on the mainland and no:
by the local hui.
Montana-Bingham stock came into
the local market when the local hui
secured a controUing interest in tho
bonds of the company and an equal
amount, par value, of stock. In re
gard to the option the local hui askeJ
A. N. Campbell to go over and investi
gate the value of the Fortuna proper
ty, which he has been doing, and until
definite advices were received from
him direct they hesitated on taking an
interest in the eilion upon the mine.
Mqncana-Bin?.:am was started more
as a transportation and unwatering
tunnel proposition than as a mine. II
was designed to make its profits more
from hauling the ore of others through
the mountain and saving long trans
portation around on the outside of the
mountain to the railroad.
The Fortuna property is said to bo
a proven mine and to be now a ship
per. It is deemed that the profits or
Montana-Bmghaiff would be much
augmented by cwning such a pro
ducer and thus getting the profit from
the ore, as well as from the hauling
ot it. It is said that during the
months of April and May shipment
from the mine brought returns of $46,
000. It is the p'urpose of Montana
Bingham to open up lower depths for
richer ore, as it is general in copper
mines to have ore values increase with
depth.
Brokers said that the selling was
not done by "insiders" and that tho
ADJOURNED ANNUAL MEETING.
SAN CARLOS MILLING CO, LTD.
Notice is hereby given that an ad
journed annual meeting of the share
holders of the San Carlos Milling Co,
Ltd, will be held at the offices of
Jas, F. Morgan Co., Ltd, 125 Merchant
street, Honolulu, T. H, on Thursday,
June 14, 1917, it 11 o'clock a, m, for .
the consideration of such business as '
may be. brought before the meeting, i
GOOD REPORTS
FROM SUMATRA
OPTION ON MINE
NEW
BUSINESS GOOD
BEMEN BOARDS
Business in fair'j go! voiume be
tween board and no sales at the ses
sion are shown b-f toda s stock lif.
Prices were varying but eneral!T
finn. Oahu lot a quarter of its yes
terday's gain, soiling at 2 '.'. after
30. McBryde on the other hand rose
an eighth, selling at ',as and 10U.
Other sales were. Brewerv 14, Olaa 14
and Y.iiaIna -7 1$.
There was les interest and excite
ment a man ? die unlisted stocks
Montana-13ir.ihair. continued its recov
ery with, the (cmtinuing of the Pcr
tuna option and. at noon wa cents.
Sales were 130. Madera sold at ?
cents. Mineral Products at 4f rents
There were no other sties, quotation
being Engels Copper f ff fi'-g. Oil
$3.75 Ti $3. S3 and Mountain Kins
31 f? 35 cent
Honolulu StocK Exchange
Friday, June 1.
MERCANTILE
Alexander Baldwin . .
C. Brewer il Cc
SUGAR
Ewa Plantijtion Co. .....
Haiku Sug ir Co
Hawaiian . far. Co
Hawn. Cone, & Sugar Co. .
Hawn. Sucpr Co
Honokaa f'ugar Co
Honomu Sfugar Co
Hutchinscr Sugar Plant .
Kahuku Fltentation Co. .
Kekaha Sgar Co,
KoFoa Sugar Co
McBryd Sugar Co., Ltd.
Oahu Suar Co.
Olaa SuSsfcr Co, Ltd
OnomealSugar Co
PaauhaujSugar Plant. Co.
Pacific fjugar Mill
Paia PI;fritatior Co.
Pepeekeo Sugar Co
Pioneer Mill Co
San Carlos Milling Co. ...
Waialua Agr. Co
Wailuku Sugar Co
MISCELLANEOUS
Endau Dev. Co, Ltd
1st Is Assess. 65 pc Pd
2nd Is. Assess. 90 pc. Pd
Haiku Fruit & Pack. Pfd.
Haiku Fruit & Pack. Com
Hawaii Con. Ry. 7 pc. A. .
Hawaii Con. Ry. 6 pc. B. .
Hawaii Con. Ry. Com
Hawaiian Electric Co, .. .
Hawaiian Pineapple Co. .
Hon. Brew. & Malt. Co.. .
Honolulu Gas Co, Ltd...
Hon. R. T. i L Co
Inter-Uland Steam Nav. .
Mutual Telephone Co. ...
Oahu Railway & Land Co.
Pahang RRubber Co. ...
Selama-Dindings Plant .
Sefama-Dindings P, 63 pc
Tanjong Glok Rubber Co.
BONDS
Beach Walk Imp. Diat
Hamakua Ditch Co, 6s. .
Hawaii Con. Ry. 5 pc
Hawaiian Irr. Co, 6s ....
Haw. Ter. 4 pc Refund . .
Haw. Ter. 4 pc Pub. Imps.
Haw. Terr. Pub. Imp. 4 pc
Hawn. TerrM, pc. . . . .
Honckaa Sugar Co, 6 pc.
Hon. Gas Co, Ltd, 5s . . .
Kauai Ry. Co, 6s
Manoa Imp. DisL Wi pc. .
McBryde Sugar Co, 5s...
Mutual Telephone, 5s . . .
Oahu Railway & Land Co.
Oahu Sugar Co, 6 pc
Olaa Sugar Co, 6 pc
Pac. Guano & Fer. Cc 6s
Pacific Sugar Mill Co, 6s.
San Carlos Milling Co. . .
Bid Asked
255 290
32 3 i
48
47! 2 43' 4
if -2
94
40
18' 2
160
10' ,
79 '
2
294
54;
36
37
20
27'
30
27
27'
4
2V-.
41
41'2
14'4
200
160
19
19
90
.... 95
100
110 ....
100
100
Between Boards: Sales: 15 Oahu
Sugar, 30c; 165, 70, 5 Oahu Sugar,
29.75; 45 McBryde, 10.37! 2 ; 100, 5 Mc
Bryde, 10.50; 5 H. B. 4 M, 14; 5, 39,
67 Waialua, 27.50; 500 Olaa, 14.
No session sales.
Dividends June 1: Haiku (extra
$2), $3; Kefcaha, $2; Koloa, $1; Paia
(extra $2), $3; Pioneer, 40c.
Kahuku extra dividend announced
as payable yesterday should have been
as of June 30.
Latest sugar quotation: 96 deg. test,
5.89 cents, or $117.80 per ton.
Sugar 5.89cts
Henry Waterhouse Trust Co.,
Ltd.
Members Honolulu Stock and Bond
Exchange
Fort and Merchant Streets
Telephone 12C8
buying was largely from those who
had bought at higher levels and were
"averaging down."
Sweden's new ministry will con
tinue the nation's strict neutrality.
BUY
Island Products!
Ask Your Dealer
for these SP'"IALS:
Irish Potatoes, . 5c lb.
Pumpkin ... 2c lb.
Papaia . . 2 I-2c lb.
Onions . 4c lb.
Pineapples . 5c each
1 you cannot get them at any
t other stand these retail fig
ures call at
Territorial Marketing
Division
Maunakea St, ntar Queen
PHONE 1840
$
1
Protect your car wttri in "
Aetna Automobile Policy
k ftntrai inrarte Agents
HAWAIIAN
Eeal Estate
Safe
yonr sTps capital in
your own fnd yonr fam
ily's velfa. Start a Sav
ius AccoHit.
i
Interest Pd on Savings
Ddosits.
Bank g Hawaii,
Ltd.
Fort aJ Merchant
J. F. M0$AN C0H LTD.
STOOj BROKERS
Information, jkrnished and Loans
fMade
Merchant 9eet Star Bulldlnj
Rone 1572
Monefftffcoan
HOME INSU
Ince coupany of
' HAWII
I, LIMITED
Telephone 3529
816 Fort Stre
pep your
INGS
in a safe plaLwe pa interest
BiSHOrL COMPANY.
The Natiok City Company,
New York j San Francisco
INVES AENT BONDS
H.A BRUC
200 Bank of lafcattBldr. Tel. 1819
Protect! Agency of Hawaii
DAY fND NIGHT
Patrols. Pfoif 1411, S 6. f Elite
Bldg. j M. E. MILEJ, Mgr.
n -i
4-
Je. i. PETERS -210WcOjindless
Bids
lonclulu, T. H.
Stocks, fcnd Securities, Loans
Negoiatedj Trust Estatu
I ivinaged
t H.
URNETTE
Pho 1846
79 Mercht St
IOTA1Y
PUBLIC
Coimi
ssftne
r of Deeds '
C(lorni,
Draws: Vills,
nd New Yorki
Peeds, Mortgagei and
al Lecil
Documents
r
Iiisdrancel
GHAM CO.
LTl
E 4915
Acldent, Compensaton
URaTY BONDS
YOUNG
g UO., LiWl.
land Contractors
k, Honolulu, T.
2610 and 4587
fejOrange!
HTJN H00N
i
nriQueen Phone 399
CBOP SUI
Norfti Kina Street
Call andftee tur brand new CHOP
FUSt Everything weal
run
Tablefcaf be reserved by phone
No. 1713
fPrestjLite Storage Battery
Jy Service
If y aki ry3 not acting rishL
calLar S i for treo advice.
A - : .. .
(TV -
fill
B. F. ILLI
tr;,. i in
i
n4
rmaieenn
I Engseerd
I Pantheh Bit
Te phorl
1 L
, L)
Na
j KCKaui,
itrlcts.
ail
Pal car
Jtor Bua
ttera.
Fo
8trf Cw.
TRUjT CO., LtfO I
Stocks andBonda
WAND-
InsnririivT riDr
MA.KXLX. f
world ad
1U faAoiti
Deport Vaults
Authorized by law to t as Trustees, Ex ri8H
tors, Administratcfs and Guardians w 8
-nttoai
illexanderDtel
Baldwin
Limited
Sugar Factors
Commission Merchants
and Insurance Agents
Aoants for
Hawaiian Commercial A Sogar
Company.
Haiku Sugar Compaay.
Paia Plantation Company.
Maui Agricultural Company.
Hawaiian Sugar Company.
Kahului Railroad Company.
McBryde Sugar Company.
Kahuliu Railroad Company.
Kauai Fruit ft Lan4 Co, Ltl
Honolua Ranch.
C. BRR'ER 6 CO.
(LIMITEO)
SUGAR FACTORS
COMMISSION MERCHANTS
SHIPPING AND INSURANCE
AGENTS
FORT ST, HONOLULU, T. H.
List of Officers and Dlraetera:
F- 8'H0P Prasidsnt
G. H. ROBERTSON.
Vice-President and Manager
r. ivers ....Trrr
Vice-President and Secretary
A. GARTLEY VIce-PrsaJdent
E. A. R, ROSS Treasurer
GEO. R. CARTER Director
C. H. COOKE Director
J. R. GALT Director
R. A. COOKE Director
D. & MAY Director
Bank o
Honolulu
Ltd.
Fort Street, near Queen
Transacts a general Baaklna
Business.
Invites your account and fuaA
antees safe and efficient serrice.
Exchange, Letters of Credit and
TraTe!ers' Checks issued on
principal points.
Cable Transfers h
THE YOKOHAMA SPECIE BANK.
LIMITED
Capital subscribed. . .yen 4S.000.000
Capital paid up yen 30,000,000
Reserve funds yen 2L300.000
S. AWOKI, Local Manager
FOR RENT
Electricity, gas, screens In all houses
Kine 3-bedroom house; garage; $30.
2-bedroom nous; garage; S25.
Small furnished collage for 2: SIS. t
Small cottage in town; $15. Vi
J. H. SCHNACK
842 Kaahumantt 8t. Talaphon ttH
LUMBER
Paints, Plumbing Svpptlta, Bulldlnf
Materials. Prices low. Hovset built
on Instalment plan. Choice Hauso
Lota for aale, '
CITY MILL COMPANY. LTD.. i
Telephone 2478 P. O. Box 31 K I
r )
DAPino riiAiiiffniiin : ,5V4
company, Limit
Consulting, Tea jnlna andl Cf
trctlna Engineers
JSj Concrete !
It 1
HI ' l
frily
ct-
-arily
ter of
(
0
I.
o Biractures, Fsti-"
t . i, .. i . .... .. ,