The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1902-03-04
BERREY'S COMMERCIAL REPORT

Of several plantations were handed in !
and more are 10 follow this week /
Shareholders are manifesting a keener
interest than ever before in the p-o- |
ceedlngs.
Manager Renton. OF Eva Plantation,
in summing up the general sugar stu
alton in these Islands, says: "Ot course
the prime factors in the success OF the
sugar business are cost OF labor and
price of sugar. A low labor rate and
a high sugar rate may cover Al multi |
tude of errors, but this condition has
gone and we are facing very depressed
conditions, and the present and proba- |
BILE future conditions of the sugar mar
ket demand rigid economy and the best
thought" Mr.. Renton's statements in (
this particular harmonizes with the
reports made by other managers.
Ewa's showing is splendid. notwith- |
standing the fact that the actual eX-
penditures to produce the 1901 crop was
S349i per ton, as against S26.26 in 1899 /
The immense crop Of $3.50 tons was
taken off. realizing S2,S44,02S.54- After
paying on all expenses, including de-
probation written off and 100000 in
dividends. the profit and loss account
shows a credit balance to next year or
1902 02090. The managers estimate OF
is 30 600 tons.
Manager Goodale of Waialua Planta-
ton reported a crop of 12,0l9.13 tons
OF sugar cut from 2.001-17 acres. His
estimate of the present crop is 1b.OOo
tons The operating expenses for the
year amounted to s1,0O9. 70S.6s: the
total receipts from the sugar crop and
the sale OF bonds were $i.7O0. 5O3.54. The
company is still heavily indebted To its
agents. Castle & Cooke. a bond issue
of 81 600 COO was authorized and one
half OF this amount have been sold
Kihei's 1901 crop amounted 10 1.4s6
tons. An estimate of $500 is made for
this year. The operating expenses for
the year were 1894 .617.45. The earnings
were s94, 5O7. 80 from sugar and 35,92l.tS
I from other sources. The directors have
authorized the issuance of 100000 of
per cent bonds. running 10 years and
| redeemable in . years; of this amount
$3.50. 600 have been placed and applied
on. the present debt. leaving the plan
tation on January 1st. 1902, the sum
of s22. 1896 in debt
The construction OF a ditch To bring
out the waters of the Makaweh stream,
at a cost of $4,000. is feature of the
/ Hawaiian Sugar Company's report. y
bond issue of 100000 has been author
4 lied 70 cover TINS expenditure. i4S
! total amount of sugar made at the
Makaweli mill last year was 15,12l
tons The gross earnings were s9O2,-
1886. while the expenditures agsre-
gated se17 800 30: the sum of Sl02.52l.54
| has been carried to surplus account
this year.
Kahuku took off its banner crop last
year.. 0s3 tons. The gross earnings OF
! the plantation were si4s,426.o7; the net
! earnings s15S, $4,000; net profit carried
to surplus account. s1OS .143.S4; operat-
ing expenses. 1896. O3e.07; resources,
| 81. OF, SSH. The 1902 crop is estimated
at 5000 tons.
] A dividend at the rate of 6 per cent
per annum on its capitalization of 81
600. 900 is being paid by the Oahu Rail
i way and Land Company. The expens-
es of the railroad department are set
4 down at 1926. 095.91: receipts from the
\ ranches amount to sI6,665.16, from
which is deducted the expense of main
I tanning them of $37Ol344-a net gain
I of s39. 65232 The earnings of the cor
poration, net of the operating expenses
II amount to 1921 .5SO.97. from which must
i be taken insurance and other nNed
i charges, amounting to $145.266.tS, SHOWS
7 a net income of $276.3f4.19. During the
year cocks we're completed and ware
for the automatic carrying of sugar
The earnings of wharves and the coal
department We're $56.2$OS9. To com
plete the terminal facilities and
wharves there has been written Off. on
account of the tearing away of old
! wharves Sos. O5;. sc. The ensuing year
has greater prospects for larger earn
iugs than ever before. owing TO the
fact that the plantations along the
line of the railroad are producing their
greatest crops of sugar.
Honokaa. Hawi Mill Co. Olowaiu
and Waimanalo held their meetings
during the week. Nothing of unusual
interest was presented in the reports.
Receiver Wundenberg of the kona
Sugar Co. has been unable to raise
sufficient funds To take off the growing
crops of cane. 1t is said he Will petit
ton the court for an order To sell the
property.
Sugar stocks were not active during
the past fortnight. Eva dropped 10
800. 80. afterwards advancing to $3.50.
waialua went down To $3.50; oahu
changed hands at 5000. and Olaa as
sessable sold at $3.50 and 1913 Nc
Bryde transferred at $500 Bids OF
$1,000 were made for Pioneer Mill.
b nds are not so much in demand.
Several small blocks of O. K. * l. CO.
bonds sold at Sl0400.
In real estate there is always some
thing doing. College Hills lots are be-
coming more popular every day. Ten
residences are now in the course OF
construction in different parts OF this
tract.
Work on the various business blocks
in the city is progressing rapidly. Inc
waity building and rhe Egan 4 Frear
building have about completed eNca-
walton operations and work Will be
commenced very soon. Levers x
Cooke building one story up. and
five stories of the Alexander Young
building and the +. o. Hall x Son 5
| building is receiving the outside FIN
ishing touches.
More new corporations being formed
locally.
Failures since our last report:-As-
= hun<vlnrcN. l.