Newspaper Page Text
THK GARDEN ISLAND, TUESDAY, JUNE 9. 1914
Copr'ighi Halt Schiltiici &
Silva's Toggery, Ld.
"The Store for
1 , Y7 fk
were aiM vvc ceil IV uic
tasty fashion ,.
Grape juice am
and about elcvc!
in two grades.
1st grade, boys' sizes, 2 1-2
2nd " " " 2 1-2
1st grade, men's sizes, 5 1-2
2nd " " " 5 1-2
These are the best school or work shoe made.
Tan or Black.
Mclnerny Shoe Store Honolulu
REGAL SHOES MEAN SOLID COMFORT PLUS STYLE
In Regal Shoes you not only secure the most popular stvles,
but also the utmost foot-comfort for Regal Shoes are made in
J;iarter sizes, and everyo:iw can get exactly the size his (or her)
REGAL SHOE STORE, Honolulu.
We gladly ivv I'arcel Tost charges on all new shoes order
ed, and also pay charges one way on shoes sent to us for re
pairing and we inisit on repairing shoes well.
SILVA'S ELEELE STORE
Kauai's First REAL Emporium
J. I. SILVA, Proprietor
Most complete stock of Drygoods and General Merchandise on
the Island. Free delivery. No trouble to show goods.
For Fancy Wines Ring up 73.
Main Store ELEELE, KAUAI
Let Us Do Your
Territorial Messenger Service
READ THE GARDEN ISLAND
to 5, at
to 5, at
to 10, at
to 10, at
! TRENTRUSTICS I SUGAR
SITUATION MP OUTLOOK
TrenTrusI ics contains a more
than ordinarily interesting review
of the sugar situation and the
effect on stock values, and gives
its views in rcgaid to the future of
both sugar and stocks. Following
are some of the main points:
"An analysis of the factors re
sponsible for the rise, and for the
improved feeling generally regard
ing sugar stocks as investments,
will show several of
nature, supported by
only possible application, b u t
nevertheless contributing to the
final result a better feeling,
which is really the actual cause of
the improvement in values.
"First of nil, and the strongest
single factor, is the rather unex
pected advance in the price of raw
sugar from $3.04 (April 29) to
$3.39 todav. There has also been
a growing conviction among many
sugar stock buyers that the repeal
of the free sugar clause is very
possible. Arguments along this
line have met increasing support
through the prolonged political
troubles in Mexico, with its attend
ant drain on the treasury of the
United States; and when it is con
sidered that this condition is likely
to continue for some time to come,
whether war results or not, it cer
tainly warrants at least some
thought to this reasoning.
WILL WE II AVE FREE SUGAR?
"We are not altogether in
sympathy with the idea that free
sugar will not actually go into
effect, but will admit that indica
tions now certainly point more
favorably toward a possible recon
sideration of this vital question.
The following from Willett &
Gray will convey the impression
that we are not the only ones in
terested in sugar who are thinking
along this line:
A government investigation of
the domestic beet sugar industry
in its relations to tariff conditions
is now being conducted in e very
beet sugar producing State, which
may lead to the rescinding of the
freeduty clause in the tariff, to
take effect May 1 1916.
''To revert to the immediate
subject in hand that of the actual
forces causing the advance in our
loeal sugar stocks: The most favor
able symptom, and the one deter
mining the rise of the past few
days in Hawaiian Commercial and
Hawaiian Sugar, has been the
buying of these shares bv mainland
interests. This should lend en
couragement to those who believe
the political situation on the main
land is the chief issue to be consi
dered. These investors are in a
better position to determine the
political pulse of the people. That
they have bought securities de
pending upon tariff protection for
prosperity, and at the high prices
of to-day, is known to a certainty,
but wnether for a short or long
pull is, of course, still to be deter
mined. jm'Avfi,' ro ui.MMt avi.'vt
The volume of business trans
acted during the past week is wor
thy of some attention. It suggests
a departure from the tendency, so
noticeable during the past ye ir, ot
holding off on the pa: t of loeal in
"It will readily be seen that
there are many circumstances ex
erting some influence, and it is
equally apparent that such forces
are toward a favorable outcome.
Therefore, we believe we are safe
in saying the present rise in sugar
securities has a firm foundation.
and may le characterized as more
than a mere flurry.
"How about the future? It will
permit of veiy close study, for it
appears full of possibilities. The
laws of supply and demand will be
brought into active operation and
will strongly influence our pros
perity' during the next two years.
The next Cuban crop will bear
watching, foi jt largely represents
the supply, and upon its magni
tude will depend to an unusual ex.
tent the price we shall receive for
"Follow closely the political
situation, always bearing in mind
that unless the complexion of con
gress is materially changed at the
next election little may be expect
ed in the way of a repeal of the
disturbing clause in our tariff
a tangible law Free Sugar. Statistics will
i 1., t'i . , .
oe presented, as suireestcii nrevi-
oi'sly in this l. Iter . but these will
talk considerably louder and with
greater lik hood of success if
supported by a strong protectionist
element in congress; and votes
only will accomplish this.
NO INCREASE IN DIVIDENDS
"Hut what effect will present
unproved sugar prices bear on
dividends' We are inclined to be
lieve that any anticipation of a re
sumption of dividend payments by
companies that have suspended
same, or any increase in dividends
by others, is premature and not in
accord with the policy of those in
control of our sugar interests
Nevertheless, the next two years,
with favorable prices of raw sugar,
will aid us in acquiring a strong
position to successfully finance the
period of depression likelv to ac
company free sugar.
"Generally speaking, investors
appear too willing to criticize the
aretwi2LIor curtailing dividends,
often losmg1 ' ne fact that
the financing ofMJje plantations
during neriods nf low
or tariff agitation is no stnaff
blem, for at these times sugar as
sets are not accepted as firstclass
collateral. As fret sugar is al
ready law, good business judg
ment suggests a conserving of re
sources at this time.
"In closing, we wish to state
that we do not anticipate that su
gar stocks will again see the low
prices ruling dining the past
year at least, not for several
years and in view of the favorable
possibilities we rather look for a
more active market ami a firm
holding ot present values."
Outside Mail Tomorrow
. .. c , j
A mail from the Coast and En-
rope will arrive on Kauai by the
Kinau tomorrow, it having reach-1
ed Honolulu by the ' Wilhelmina
"They say she went abroad to
she learned much".
IK III m
"Oh, yes! Why, they say she
A REGULAR "GITY"
Lihue store has just received aid
installed a most beautiful soda
fountain, together with ali ?. di
ances for preparing and solving
summer weather tit inks. It did du
ty for the fust tune on Saturday,
and, needless to say, perhaps, was
The fountain has its ii.dividu d
counter, and is accompanied by a
back counter of corresponding
length and design, affording uni
formity and appropriateness to the
scheme. Front and tops are of mar
ble with prettv metal trimmings.
Tables have been arranged in the
fronting space, for t h e e-.pcu.i!
convenience of ladies and children,
and these have been set olf very
attractively with potted plums.
The whole scheme is quite "citi
fied," and probably way ahead of
j anything of the kind yet attempted
on this island
See These Ads
The Standard Oil Company
have three announcements in this
issue, calling attention to Zero
lene, Red Crown Gasolene and
Perfection cook stoves, which they
are anxious to bring into more
general use on the island of Kauai.
The advertisements will be found
well worth reading. Look them
V. Hardy, the "water man",
left Waimea a few months
ago to work on the Iletch Hetchy
water proposition in the mnuu
asov?nIor,1iai as written to
quite homesick for Kauai again?
He is located far up in the moun
tains, the nearest postofn:e being
six miles and there being no town
around. In the natural course of
events, Mr. Hardy will have to
remain ther at least a vear.
Kinau Sails Early
j The steamer Kinau sailrd from
j Nawiliwili Friday afternoon o f
i last week in place of Saturday in
! order to go on the drydock for re
j pairs to her rigging. She wiil ar-
rive on schedule tomorrow mrn-
1 he W, G. Hall took the mail
to the city Saturday afternoon,
sailing on the Kinau's schedule.
education. I wonder f
has six new ways to fix her hair.
I Free Delivery to Kauai J
50c the pair
I-. ii mil value, mid Iiy far
tin' in1 I :. it lu'uleit "linker we
Iuim' 'Vi i' i.II'iti'iI fur t.ic price.
We pay tin' transportation cliar
get in Km:, i mi every pair bought
just ti liu'.v Jim that we lire anx
ious In pica, Htnl appreciate your
We me sieialists in
I huh ru are. ( iliissware, Silverwaie
iiikI kid licnwurv.
"i'lie Mouse ..f linn' Ware-'
."i:l "" King M . Honolulu
Ofe Sipply Co., Ltd.
lioxoi. u.r, t. ii..
. v v
Agent ii r Hie
ii I dealers ill O !ice Stationery
uml riling Systems.
Carry a cuiiipli'te stock of the
ilolx'-Wernicke t iling Caliinet
M . .
All repairs on typewriters gimran
Paper Bags, Twines,
IX THE TKKIUTOKY
MAIL OHDKUS PROMPTLY
PAPER CO, LTD.
Fort and Queen Stretti
GEO. G. GUILD. Vica Pras Sc Mgr
Real Estate and Insurance
NO. 125-131 MERCHANT ST.
I'. O. Ilox No 594 Honolulu
Bishop & Co.
Hkad Offich - Honolulu
HltANCHKS AT HlLO AND
WAIMEA, - KAUAI
j j jt
Transacts a General Banking
and Exchange Business
Commercial and Travelers'
Letters of Credit issued avail
able in all principal cities of
J .4 Jl
Interest allowed at the rate
of 4 per cent per annum
on Savings Bank deposits.
Jt J .
, Interest paid on ime De
posits at the following tatts:
3 Months 3 per cenl
6 Months 3 1-2 per
cent per annum.
12 Months 4 percent
All business entrusted by
customers on other islands
receives careful and prompt