Newspaper Page Text
SECOND SECTION I
ifiCOMMDDCEftB U S I N B;S S COMMERCIAL REVI EW I " V-V &jgSgBPg - a.v, ,. l&M fyMJ PAGES 9 TO 14. f -" " J r fflhffV.V8?. . ' HONOLULU, HAWAII TERRITORY, SUNDAY, OCTOBER 16, 1910. ' T--l!IfWBM,lMMWIMWMBMMMMBMMfcMiMM1MMi ... - - - TT - - -- - - MHMMBMBWaWBijliMaBaMMtaMMMIMMBBMtM 'rT " " " : "" ' -"rig"-- -jJtX 1 IlLAR I Iff A D ted to caH lSS of the pa? Reconstructing Honolulu Building Inspector Mcihl-! Underwriter Gurrev pat thel J: n res there, there is a possibility that they it re there for a purpose. Presume of development work and j quire larn near the Makiki fire station ' 7 , in Honolulu can he'to insta11 its P"-!- en:a:t,.T' ,,nt. on what has al-L.,At.,W time the Manoa dis- j,t Mitorwi - iriei is on llie Auuanu service, but the been published, but when grouped government is rushing plans to comple- t-wther the exrensi iu.h..-. .u io imve u on as soon as possible ,0 a. !,;, have heen announced i and return it to its old service. "What froren i ,.h;,l, u lost when l'ae!is called the mountain pipe line is be- i .Mnrml BPTVirntelv. item, are euurv That is the tact mat nuium.ni n nMMGUL REVIEW tin ing constructed back of the old upper strictly to business and saying Makiki reservoir, connecting the valley P''- Childs, manager of the 1 uHirici wiiu its oiil suiiplv. but this ran" anil to some degree nas aueauy nine uireeuy irom its source with no Unto an era of reconstruction intermediate storage. :'.-vincr it eraduallv from the! In the face of the rapid growth ex- , a. - r. . . i v. : w: . , i a r . , , muiifu i.y jiamin, tins supply will soon prove insufficient. As soon as the new drains are in stalled, and it will take thirty miles of mains to replace the present tin plate apologies, the pressure from the Nuuanu reservoir will be let loose and the real value of the great dam will be appreciated. Ja orier of things to a strictly Ameri- :i ..-mmnnitv. Twelve years as American Territory are having their and the prosperity, evidences et which have sprung up l'.ke unto kHwrnis durine the week, is strictly American prosperity, which effects Inr interest in the community it toac-hea J5UUC WOESS DEMANDS. There is but a vague idea of just ffeat th government intends to do toward? hastening on this reconstruc tion era. and what with the political tsmoil, where the chief aim seems to e depreciating its work, the substantial merits 0I IDe Bumimsiiaiiuu a irenerallr been lost sight of. SfntwitflStanainff rae imarn;um; FIRE PROTECTION. While the new water system is in it self a testimonial to Honolulu's neces sary desire and the desire of its offi cials, to take unto itself the appur tenances of modernity, it is closely al lied to other features of the reconstruc tion era. With the installation of mains capa- ttitements of the political hucksters ble of carrying the pressure which the isd paid aggravators ot tne popular Uuanu dam possesses, outlying dis itai. the government Las built up a ... annn .Q,.o Qofa fl Kkme of construction which will not. duh-ijsure Honolulu a modern public ' te,I0n Htnte saeh as it needs, but will lay a , l"'s is particularly true of the Manoa wrmanent foundation for future pros- !an'l Kaimuki districts which it must be Jujjt- . - I remembered are to be the Honolulu of . 1 i L. 1 ' lAlimrrniv A Virt nriidnf irirt thaca Ting worK lies amiosi euureiv nuu vxmv, tu.o tht public works department, a sum-; two districts are entirely without it, a narj of its intentions proving the ear-' fact that has been deplored by Fire MStam With which Honolulu's future Chief Thurston op many occasions. las ln provided for. It is rather un-; The nearest fire station to the dis fortuMte that the administration is triets is the Makiki fire station, but presented for approval to an electorate it is not capable of offering any help 1 A? .1 LI A . A 1. , A . 1- 1.. J .. tOBCenung wfluse action on uie mailer to me ivo neiguooi uoous iiaineu as there appears to be doubt. j there are no hydrants and no water pressure it there were, this is where SIW JUDICIARY BUILDING. the 1. -irance rates are affected. m. ilt uv, j . , , a, r,- I The destruction of James Quinn s . Tm first thing for which the public ...... ' 1 . resilience in Kmmiiki snme months nffo worka iepartment will ask the legisla-; is an illustration of the hope Kai- tm it its next session will be -n.uki or Manoa residents have to save fosds for the reconstruction of the t,.lpir homes should they cateh fire as juaikiltling, according to tate- did thaj; one, v I'lfH'niMncis are uumniig up laim- ly and it will be but a matter of time before there are fire stations in both of them but before this there must be the new drains. Here again it might be permissible to refer back to the political situa tion and state that it is the Republican $300 was a gift or that they intend to Thurston, throw the other $27,)tH after it. i sit in, and That is one instance of Honolulu's advance in the manufacturing line. Other plans, such as those for the American Can Company's building, give assurance that disreputable Iwiiei is scheduled to become tiie manufacturing center of the tity. Hacking up the suggestion is the completion of the Ha waiian Fertilizei 's great new building and near completion of its second con crete structure. The other side of town, the future rPil ii PTl A wiirttinTi iii Cmilinrrlir loni n ir .Au:ni i- - --".... ""..win iiifiniiiir. ) hardware sidewalk to a falling man department of Davies & 'o., is now ! and hit us having plans drawn tor a residence hi lt was jllrilUT th fil.t ,. nf The Sugar Market Spreckels and Sugar. 8a. Tne nawaiian papers bring to With the renewed agitation for tariff us an account of the death of Alexander revision, the Federal Sugar Refining Young, a distinguished citizen of the Compan- has resumed its campaign of Hawaiian Territory, who became well education urging consumers to prevail known in Louisiana among the sugar- Kn i inn It i n i T AT nrli rf Uiv ander & 'Baldwin." Vhe somewhat bare the week' slightly convalescent later "red hills" of Kaimuki will present ' ad yesterday feeling quite well, as an imposing appearance when every lot was evidenced by $37,000 worth of trad- Financial Honolulu has every reason to believe that it has seen the bottom of the decline in stocks, if for no other "IHU1 tm'ir congressmen to remove the planting fraternitv some fifteen or reason because the bottom, like the T.. f W 'ieh the Amer- twenty years ago, when he visited us in iuau ougar ieuniug ioinpanv ana us .. allies are the sole beneficiaries. I'laus thls btate ani1 ave us sonie data con A. Spreckels, president of the Federal, ! cerning the production of sugar in Ha has sent a b'tter to President Taft in waii that set everyone to thinking and regard to the tariff on sugar, and all to wondering if it were possible to im barrels and bags sent out from the Fed- i prove our methods here as they seemed t-iai rt-niieiies nave posrers ana rags to nave aone witu suen rare success in meits madeTy Superintendent Mars ! tos Campbell yesterday. Thra matter has been in aVievauee for joae time, various plans bein2 al ready drawn. The sum required for the pffrjws is $100,000, and an appropria te of this amount will, as stated, be one- of the first to be considered by f lie next session. WATER WOEKS. TU most important work now under ttitenplatioa is the substitute on for the Ptfsenv ridiculous drainage system of ono eajabie of meeting the needs of tw eit;, both at the present time, and it has outgrown present bounds. 'ft do this. Mr rginnhf.lt u.if..l the legislature would be asked wpasaabond issue, addimr that th n required was not great in compari n to the great results. It is probable Uw.tM Territory. VUu) I L'sue' wou,i '"t.rely find v7 w$ upon its own shoulders the "waei of mhoc i- ..a... Jin V -voa lujumucB la ICS HOW (Win by the public at large, but at the fe time have this advantage' over Ppnbhc, that it will be in a position I'ocast off tt,o h...i.. .... J, l .uv muiucu wuereas I lie ptio can not 1 The attnal fi Til rA.- tir.i.l 1 4.1. . JWMtum in rates following the instal J!r an adequate water svstem, Secretary Gurrev of the 'Board ima. a J"1"""' ami many -es previously sfnt,..i -;n i.., tk ;T Save a sum even exceeding 'M interest on the bn. Tli! ' " -'J Ui. llie carries its gardened home, which pros pect was m the eye of the genius who first boomed for Honolulu's 100,000. In IVuuanu, new residences are planned for the newly opened Bishop lots. Architect Kerr, who is drawing the plans for the two cottages above mentioned, is also preparing those for J. T. Taylor's home in the Big Valley. The Advertiser has already given an account of Georg Rodiek's plans for his beautiful seven acres in the same district. From these indication it will be seen that Honolulu is unconsciously laying itself out according to its natural at tributes and finding every necessary adjunct to every part that goes to make up a great city. And in the scheme of expansion, the central district is not forgetting to earn' out its seheme of improvement. One end of the old Arlington block is new gaping as an assurance that the whole is soon to make away for a building doing more credit to the city. On the corner diagonally opposite other old eye sores are being torn down for the erection of the Pantheon block and it now only remains for the gov ernment to widen that narrow little strip of Hotel street that chokes traffic. It incidentally might be well to take this little piece of foolishly narrow street as a lesson of what happens to a city that does not provide for its future growth. SOME SNAGS. But the spirit of reconstruction, not the same spirit as reconstructed San Francisco for they had something more substantial to build upon, is not gen eral. It would be surprising if it was. Selfish interests are always present. They are getting less in Honolulu as time goes on, but like the poor, are always with us. One example of this is the deliberate manner in which the idea of a civic ing and slight advances in certaiii attached to them reading as follows: i Hawaii. When Mr. Young was visitin; "TA1MFF OX SUGAR is of advan-i us he was interested in the Waiakea t'inr.- trt tliA. Slurry,. T.,c-1- n ... .3 14- n;. nlonlof Inn nn.l if- n. n n 4- aT.a a.; . aVl ...mt. T a i i . Aii .'iv- f-'uii.fi jliuol auu its allies 'iAivLAvAf, aiiU it yy tt 3 i l tuuL Lime mill. cases. Jn the weekly market letter of i .i. ii.i aia l. . uui i . , no iuiu us mat ne nan pot nounna with tree raw sugar, tins sugar or commercial sugar per ton of cane in center has been thrown down for the administration which is making this : purpose of enhancing the value of prop-j $24,124. ii ii p .a 1 1 3 . ! . . . . ' i r possune; wnicn in iact, nas aireau , erry ironting on streets too narrow ever the irent Irust Company, a quiet period is predicted, which, it is added, will probably continue until election. This seems to indicate that the head of the firm holds a belief that- immi gration Tdiiys a certain part in the present stock situation. Low priced stocks and those border ing on normally low prices were the heaviest sufferers. Pioneer was not affected at all by the week's trend and remained at its previous bottom figure of 190 at which trading was fairly ac tive. Kwa and Oahu went down in com pany, Oahu halting one day while Ewa continued the decline and Ewa remain ing steady yesterday while heavy trad ing battered Oahu still further. Trading yesterday was so heavy that returning confidence to a certain degree is the logical conclusion, more particu larly so as the declining stocks were evenly balanced by others who took the more optimistic trend. Thursday and Friday's trading was extremely slack, following fairly an ac tive market that existed the first three days of the week. These two days of depression, followed by one of the most active of the week infers the same. The sales during the week involved $12(5,175.25 which was divided as fol lows: Monday, $43,072.50. Tuesday, $18,597.50. Wednesday, $13,452.75. Thursday, $8,033.75. Friday, $6,001.25. Saturday, $37,017.50. Bonds were more in demand than usual, $23,500 in par value being repre sented in the transfers, all made at good figures. The sales by stocks were as follows: Pioneer Mill Company, 200 shares at $37,830. Oahu Sugar Company, 880 shares at drawn the plans after years of hard work. 1 A - 1 f.,A me cum enmiaieu system, however, has been dis- kiwV 'J0T ht the details Zl bfa Lte understood. The com Plans for the entire svstem have Prepared now for two years and h,. ::j"!,ianc,af.!"ii,:i,.i,n as w - -.-v uuufY is inrt licomin'T fn . -"-"""a are to nave tlieir dependent water svstem s as will un - v. uinuci. j ne latter iiiem -u" Bimri k. au . RECONSTRUCTED HARBOR. I There was yesterday a set of blue prints spread out over the tables of the public works department depict ing proposed changes in Honolulu har bor. . This serves as memoranda and eke a eonstaut reminder that as grows the body so spreadeth the mouth, or some thing to that effect. "In two years," said Mr. Camp bell yesterday, "Honolulu harbor won't be sufficient to handle the freighting and shipping that it will be called upon to handle." That is an old sentiment, more par ticularly so since the Panama Canal ceased to become a myth and merged into a vital reality. But Mr. Camp bell added the statement that the Ter ritory was preparing to build five more wharves which are to be completed be fore that time. These wharves are calculated to handle the increased business of the Matson, American - Hawaiian, Pacific Mail and other lines and also such new lines as may come after the canal is opened but is not expected to offer any surplus wharfage under any con dit ions. To place five new wharves in a har bor which is already small and over crowded will call for" an immense lot of preliminary work, such as dredging. of course, be tne largest- Hawaiian Commercial and Sugar to figure importantly in a big citv. Company, 670 shares at $23,107.50. This was done when the site for Kwa Plantation Company, 578 shares the federal building was forced down-: at $16,293,375. would cost about TWO CENTS per j his sugar factory, or about 14, per cent pound LESS. j yield -the largest that we had ever "Urge your Congressmen to INSIST ! heard of up to that time. Even now, on REMOVAL of tariff on sugar." jwith their best machinery, the Cubans It is argued that inasmuch as the ! (an generally only get 12 to 13 per price of all sugar in the United States '.cent. is based on the in Ijond value of for- j Among the pallbearers we note the eign sugars plus the duty and cost of ",ame of our friend, E. A. Mott refining, the consumer -would save ap- ; mith, who was in New Orleans as one proximately two cents a pound were ', of the Hawaiian commissioners at our the duty removed. The tax, according j Cotton Centennial Exposition in 1S85. to polanscopic tests, is equivalent to an i . ad valorem duty of about 78.87 per SUGAR BEETS VS. SUGAR CANE. cent. The Federal Sugar Refining Com- The Louisiana Planter notes the fact pany officials figure out that the Amer- that ast vear the American production cian public would save in the neighbor- I - , . " , hood of $150,000,000 a year were the I of beet suar was l02o,000,000 pounds, duty taken off. I as against 750,000,000 pounds of cane The benefits of cheaper sugar would , sugar, and therefrom draws the infer not merely lower the cost of that mate- j ence that Louisiana should seek to at rial to the consumer, but would prove j tract to its cane fields the same class advantageous to the great fruit can- ; 0f thrifty small farmers and working ning and preserving industries in Cali- ; men which has made possible the rapid fornia. The cheaper these articles j development of the beet sugar industry would be sold, the greater would be ; in the North and West, the consumption. In so far as our ex- j In 1898 the production of beet sugar port trade in jellies, jams and other ! in the United States was but 90,000,000 preserved fruits is concerned, the direct j pounds, while that of cane was substan result of cheaper sugar would b. .o give p tially what it is now. The eane sugar this country a much larger share of . output has been stationary, while that the world's markets. Although the , of beet sugar has increased more than tenfold. The Louisiana Planter savs that this United States is the greatest fruit growing country in the world, its ex port trade in canned and preserved i gain of the North and West is not due truits is relatively small, owing to the , to the superiority ot the beet as a sugar fact that the canners can not eompete : producing plant, for it daclares that in . 1 . .. . ' A 1. A AA13 A il .. m neutral markets witti countries hav ing the advantage of cheap sugar. Cheaper sugar in this country would likewise increase the demand for all products used in these industries, such as tin plate, glassware, labels, cases, etc. President Spreckels of the Federal Sugar Refining Company, testifying be fore the ways and means committee, declared that the domestic sugar refin ing interests needed no protection, pro that respect the advantage is with cane, but to the superior enterprise and intel ligence of the producers. Doubtless that is true, even though the varieties of cane which can be pro duced in Louisiana are by no means equal as sugar-bearers to the tropical varieties from which most of our cane sugar is produced. But it doubtless is the fact that tho advantage in varieties which the tropics possess is more than offset by the duty on imported sugar, and that, apparently, T i I r,1 t- fir in en T"vrl i a .-I yw i 4-1 f vet tit i sugar. He said then that he favored i nce suitable land is abundant, th .CT.A1. i .-i growth of the Louisiana cane sugar m- ,,ie aumiion oi uou, raw ana rein.ea , d fc haye fc t . fa tfcat sugar entirely free of duty Qf produetion. The American Sugar Refining Com- Jt . doul)tful whether Louosiana will r...V, tut- "-'. m,i ani a . C Le fo attract smajj farmerg to jt3 town in the tace ot the horrible ex-! Waialua .Agricultural Company, snj said to re tne soie neneneiaries or rne . eane fiei,S- It is not certain that sugar ample that all eastern cities have posed Shares at $9,895. j tariff, because they control the beet j cane can ,e profitably produced by in. in the civic center idea. " Oahu Railroad and Land Company, 40 sugar industry in this country, which, i sman farming. It is not so produced It has cost Cincinnati, Chicago, shares at $5,200. (they say, requires "protection" in or-i to anv extent anywhere. It is. a prod- Philadelphia and all other great cities j Paia Plantation Company, 30 shares ' tier to eompete with foreign producers, j nct 0f large plantations, requiring large a sum aggregating millions to remedy at $4.50(1. Frank C. Lowrey, of the Federal, said J capital and cheap labor, an evil which never presented itself MeBryde Sugar Company, 546 shares ! yesterday that the sugar interests of; The climate of the eane lands is not to'them when it could be repaired atiat $2,122. " jthe Hawaiian Islands are organized ( bracing, to say the least, and possibly the cost of a few hundreds. S Honolulu Brewing, and Malting Com-1 and do not sell their sugars individual- ; only the black race can maintain its Los Angeles drew out its civic center pany, 75 shares at"$l .51 2.50. j ly, having a contract with the "Trust," ; health there. In the old days of slavery years before the ground it was placed Honokaa Sugar Company, 15 shares j which provides for the purchase of the ; the sale of a slave to the cane fields on was covered with anvthinf excent at i4!1 ST.t " ' isuifai on the following basis: j was considered the most dreadful thing ramshackle, red-brick tumble-down1 Tnter-lslam. Steam Navigation Com- "On the raw sugar shipped to New i which could happen to the Kentucky or ork or Philadelphia thev pav J-lUC tne lrginia oorn negro. under the prevailing New York price' Nor is it probable that white labor stores. The beautiful federal building 'nan v. 7 shares at $770. there has just been completed, the I Olaa Sugar Company, 30 shares at county hall of records, costing almost a $130. half-million, is in course of erection and the million-dollar courthouse looks over it all. It saved the citv a great! P. BREWER & CO.t LTD. deal ot inconvenience which is always worth money in America. Palace Square is the civic center of Honolulu. Two really beautiful build ing in beautiful, or what could be made beautiful, grounds already face 1 mi. i-i . t :ia- 1 ne varnegie omniing sue was which will, PJtalio. ' tV" " lue s;une pump as Edit" Ka'muki "ighborhood. i,ut r f flonble work i .,,a., ... . - , ?Se !l hPeS, t0 mate next work this evil. inse tu,aimuki r?servoirs are now 'i0ldTh?Ving l'a? 011 nt o lhe Territory, bv this U of wat.-ra peTto " ""'w. the supply to be lititS; T? rHervoir at a sufficient wT The Territory hopes ac The mud flats between Quarantine Is land and the Ewa end of the harbor will in time undoubtedly be reclaimed and wharfage constructed there, which will mean that a thriving section of the citv will be built up behind it. this will be the first step of the city in breaking away from its present nar row business district. JAY Allthr.r-if, a lain . f.'l'l. f.,- 1 -1 "W avin 1 SEALED TENDERS. tenders rill 191ft ?Ckn0E of Tuesday. O.tor Piar, "Pecifirations and i r re r.n fil, . . . Ke orks. tn:e-,t of vrintemlent of VuUu.v.iirU tb r;bt to reject any or all MAETON CAMPBELL. R ponntendent Pubbc w - ' 0('totcr 13 pjp-, BUILDING. Anything that can be said here re garding the proposed improvements in the building line can only be reitera tion of the numerous articles on the same that have appeared in the press. Reports of these improvements "have been s frequent during the past week or two as to cause considerable com ment. It n ay be said that it all arises from a sr.d.len awakening of Honolulu to the fart that it is behind the development of the Territory's natural resources. One intmire of this was the an- pe in . . , ... . .nJfT,.. i r o;i n.'er.ier.t or plans lor m iwv j tion of a pineapple cannery, to cost in r"!,e nt-tghborhood of $70,0'. on the Ofilowsett property. This announcement I was made after Messrs. Bently and I .Ton i,'n pf! wit n could have confirmed it. t"1-, Lffdepiirfea f" the Coast, and is still' in the form of a rumor. But the tact! remains that lfore they went $3000, was paid down as earnest money that; they intended to meet the full price of! i:',if,.!oa which was placed on that prop- crty. It is not to be supposed that the it. selected with regard to the civic center but when it came to choosing the last thing to make that center the most attractive west of Chicago, Honolulu fell down miserably. Which, however, receives no correc tion from talk. Another snag in the course of recon struction is the attitude of the super visors towards the building ordinance. Decent people have long given up all hope of seeing this invaluable measure which brainy men spent months pre paring, ever receiving anything except funeral expenses from the present board. Again referring back to polities, with which everything in the Terri tory is at present akin, it was the Democratic member of the board who stated that this ordinance would never be passed in a thousand years it had too many figures in it. But as Architect Kerr, Fire Chief Ingar Factors and Commission mer chants. OFFICERS AND DIRECTORS: E. F. BISHOP President JEO. F. ROBERTSON. lav befofe arrival. On the raw sugar for the necessary cultivation could be shipped to San Francisco, they pay 3-8c induced to go to Louisiana and compete under the prevailing market price in . "with black labor. New York, the dav before arrival of i That Louisiana has an abundance of this su-ar in San Francisco. In making ' ffod land not properly cultivated is this arrangement the 'Trust' argued: : lfs best chance of improvement 'Iu shipping to San Francisco vonr cost j ls to encourage thrift and enterprise is less than it is in shipping to New i amon2 fhe colored population which it , , a 1, i has inherited from the old davs. The ork. and you must sell us at a cor-! - . . . a New Tus- under the di- v7. W. NORTH Treasurer SI CHARD IVER9 Secretary 1. R. GALT .....Auditoi 1EO R. CARTER Direrto. I. E COOKE Director a. A. COOKE Directo: GARTLEY Direct C. BREWER & COMPANY, LTD AGENTS FOR THE Boys' Insurance Co., of Liverpool, Enf land. London Assurance Corporation. Commercial Union Assurance Co., Ltd. of London, aledonian Insurance Co. The Upper Rhine Insurance Co., LW (Marine). Scottish Union & National Insurne Co., of Edinburgh, Scotland. responding concession.' These raw sugar than fhe creation of supplies are refined in the ' Trust s San.,. Qn the ,ane lands, rrancisco reniier, unii ue" scuinn iu , the trade, the 'Trust' reverses their j V;..TTfioir1fTit oTifl Mnnnirni I 1 , , ,, . .1 keir( b--1 h rancisco rennerv. and wneu seuinir 10 -a- n t.i r TZ. fined f. o b. San i rancisco is quoted the Mascot and the Ye anywhere from olc to - ,.c per hundred i cou lpanies to a syndicatt over the New ork quotations. this Bear.Admirai Eobley D. simple process ot reasoning the ' Irust ; tired for $5 Oo0,00u. T in their San 1 rancisco refinery obtains'. u t .? INCOME-PRODUCING REAL ESTATE AT AUCTION SALE SIX COTTAGES (ALL RENTED) IN HONOLULU, area of lot 25,750 square feet in choice residence district. Room for 2 more cottages. VALUABLE LEASEHOLD IN WAIPAHU TOWN covering busy stores and tenements on main government road, near sugar mill. TO BE SOLD SATURDAY, OCTOBER 29, 1910, at the hour of 12 o'clock noon in front of Judiciary Build ing. Particulars at office of TRENT TRUST CO., LTD. REALTY AUCTION CO., LTD. S. S. FAXSON, Auctioneer. process ot reasoning with the Hawaii- ci,roxiicje Septembe an planter. 10 tne irane iney sa : -rttvc: 'The value of our refined sugar is fixed j FIGHTING BOB BUYS. bv the New York price pins freight to The most important sale in oil prop- the Pacific ''oast.' For this reason re-; erties lately is that of the Premier. lined 1. o. o. Min j: rancisco is quorea ; the Mascot and tne Yellowstone oil dicate headed bv Evans, re- The deal was in their San 1 rancisco refinery obtains; thr0ugh by the Lincoln Mortgage their raw supplies from Hawaii at and Loan o n under the dre .2-u, per hundred under the New 'i ork ; tion Qf wuieh Admiral Evans and as raw sugar quotation, and sells its re- j sociates recentlv completed an exam fined sugar at not less than oOc iper hun-1 ination o the "properties. The pur dred over the New 1 ork quotation on chasers have organized the California refined sugar, netting per hundred Consolidated 0il Company with a cap- or $17.50 per ton over the ordinary italizatioa o $10.000,000 to take over margin to refiners. the proporties Associated with Ad- "In lf0S the consumption of sugar mira, Eyan3 aro the following prom. through San 1 rancisco was If 6 H43 tons, ine)t m who wi, be directors of the so it will be seen that this d.flereiice .()n .. Theodore r GUman state alone made a neat extra profit of Controjer of New y0rk under the ad- 44I.-J.j. wnicn comes oiu oi ii.e poc.-; t f ins-vplt nnd f,dell- ets of the consumer, in addition to the the Hawaiian b R. L Dunn of New York, managing director of the Lincoln University En- .15.P0.Oii made , J , 1 A ! planters, anu me m.rn.ai amoum ox . dowment Association; M. P. Snvder, profit for refining. The excessive pro- : fome Mayor of Los Angeles; Colonel rection 'is not justified here.' jj R LaDkershim? ownPr of tne A REMEMBRANCE. ' Lankershim Hotel, and F. B. Bonham The Louisiana Planter for September of San Francisco. MUNICIPAL RAILROAD BPNoS CORPORATION SECURITIES We specialize in securities of high-grade Pacific Coast enterprises, suitable for trust fund and similar investment. Our "MONTHLY DIGEST OF CALIFORNIA SECURITIES" mailed on request. Wakefield, Garthwaite & Co. Member of Stock and Bond Exchange. First National Bank Building Cable Address: "Eondhouse." Codas Lieber, A. SAN FRANCISCO rc.:tcvn Union.