The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1901-08-15

| ~ pOfdtlOn OF -. Hall Il Son.
| Ltd, meet today there will be
one new matter of interest to be dis
cussed This will be the buying out of
/ the business of the Hawaiian Hardware
Company. AS yet there is nothing final
! in the air, no concrete proposition hay-
| ing been submitted on either side, but
| there has been good deal of discus
sion the matter. and the result is
! that there may be action taken for d
purchase.
The deal, should it finally go through
will eliminate the Hawaiian company
, from the situation, and will furnish a
| location and stock to the Hall company,
| pending the arrival of the stock which
| it is now understood win be ordered at
once The members of the Hall cor
iporation, while agreeing that there is
not available a location for their bust
! ness at the present time, and that it
would be better to forego action on re-
| tail lines until there has been secured a
; permanent building, are said to be ia
vorable TO a proposal to take over the
business of the Hawaiian Hardware
Company, which would give the corpor-
alton chance to retain it's local trade.
The basis, according to the present
plan, is for the Hawaiian corporation to
sell its stock to the Hall company at
cost and carriage; in other words that
the price to be paid for the stock on
the shelves and in the warehouse shall
be just what it will cost the Hall com
pany to land similar goods in its store
rooms. The only difference will be on
some lines which since the buying of
| the goods now in stock have declined in
price. This would give to the Hawaiian
Hardware Company the actual cost of
iall its stock, and leave to 1t all the
book accounts and bills receivable.
These latter would represent the profits
of the business.
| The various interests which are inter
ested in the Hawaiian Hardware Com
pany have not all been harmonized in
; the matter as yet, according to one of
the persons interested, who is DESTROYS
of seeing the deal go through There
are several stockholders in the Hawaii
an company. The Campbell estate is
one of the largest, while others are
Cecil Brown. c. An Fong and minor
holders of shares. The representative
of All Fong is S. NJ. Damon. There is
some feeling that the younger corpora
ton should have more than is contem-
plated in the arrangement outlined, but
as there has been no official discussion,
no meeting of the Hawaiian company
having been held, what the majority of
the holders will ask is a matter of con-
lecture.
One of the largest stockholders of the
Hawaiian Hardware Company said yes
terday that certainly he would be glad
to close out his interest in the COM
pany at the terms mentioned. as it
would mean that there would be a
small profit in the business, owing to
tho accounts. which are fflst-cl3Ss Sc
cdrities. 1t is gossip in the street that
shares in the Hawaiian company have
been offered at a price below par re-
Gently. The stockholders of the COM
pany are not those who are so heavily
interested in Island business corpora
tons that they can swing heavy orders,
and this has conduced to confine the
business to lines which have not been
so broad as was hoped when the bust
ness was launched.
The members of the Hall corporation
who see in the proposed consolidation
much of profit. say that they will thus
gain a site for their business pending
the rebuilding of their store. which will
permit them to go on with their work
anC hold all their retail trade. Should
TINS not be done the firm will be for at
least ninety days without any retail
branch and during this time a portion
of their business will be dissipated
This would mean that even after the
firm had regained its old stand there
would be some time necessary to regain
all the new trade which would come IL
in business at the present time
Should the stockholders of the Hawaii
an Hardware Company not agree to a
sale unofficially, there will be a meet
ing of the stockholders called for nex1
week to settle the matter of dlsposine