The Hawaiian gazette., 1902-03-04
BtRRtY'S COMMERCIAL REPORT

NH POI. UHIH| '.HH "a N.HH|NHn
m.rf.Ig tF.mnf tfs fIUuIHr f8Ia.
re- eHi sf uf tuar.as f.f ile ttt too
p..ta t Given
Ths pace rD.t Has been ons ~ r.f.
fHrHf.Hn msHtufe kruUHI UHuHHH.H
ef a.ttiHi plantations we're handed iH
Hnl more orc t1 follow tHH Vrrf
FhHr holders tft mHnIpfiiHH ID ksDnff
interest ihas cvrg before BOZ thl iI0
rHHi.nfr
Mararrr Usuiru. n IVA Plantation.
in fumuir. up ihe rencrai srrrt sltn.
alton in these islands. fays, cot course
tne prime factors ln the suocpss 0f thc
sugar business are tuft W labor ana
rrice ~ surar low labor rate and
hleh SUGAR rate may cover a multi
iufo ~ errors bus this condition hos
gone and We are facing vrrs depressed
conditions and ire present and pr1ba-
hle future conditions % are sugar nar-
kpt demand rlrli tconC my ana the best
thought" Nv Eputon's statements in
this particular htrm1nizCs with the
reports mad. By ,,htt managers.
EWa's SHOWING rs splendid, notwith
standing the fact that jhc actual cN-
pendiures 60 produce the 1901 crop was
S3aa4 per ton. az arainst 5000 in 1899.
The immense crop ~ 32.Sl0 tons was
taken or. real,zing S29i4O2Sbt After
paying OF all expenses including de
probation written Of and 100000 I'm
dividends, the profit and loss accoun,
shows a credit balance to next year OF
Si02. O20.s0 The managers estimate OF
the present crop nov being harvested
is 1000 tons
Manager Goodale OF Waialua Planta-
ton reported n crop Of 12Oi9.l3 tons
OF sugar cut from 2,0Oi17 acres. His
estimate of the present crop is 10000
tons. The operating expenses for the
year amounted to 81 ,009, 7OS69, the
total receipts from the sugar crop and
the sale of bonds were 81 zoe. 503.54. The
company is stlll heavily indebted to its
agents, Castle & Cooke. A bond issue
of $1,000 600 was guth oriZed and one
half Of this amount have been sold.
kihei's 1901 crop amounted to 1,196
tons. An estimate OF $500 is made for
this year. The operating expenses for
the year were 1894 .Gl7.45. The earnings
were s94 ,5Q7.35 from sugar and s35, 921.IS
from other sources The directors have
authorized the issuance OF 100000 of g
per cent bonds, running II years and
redeemabe in years; OF this amount
$500 have been placed and applied
on the present debt, leaving the plan
tation, on January list 1902. the sum
OF $22, $50 &c in debt.
The construction of a di,Ch to bring
I out the waters of the Makawcli stream.
at a cost of $4,000. IS a feature OF the
/ Hawaiian Sugar Company's report. \
bond issVe of 100000 has been author
| lied TO cover this expenditure. The
/ total amount of sugar made at the
| MakaNeli mill last year was l5,l2l
tons. The gross earnings were s902,-
533.5G, while the expenditures aggre-
gated s6l7 ,S223j' the sum OF sl02, 52l "a
has been carried to surplus account
this year.
Rahuku took off its banner crop last
year-7,0S3 tons. The gross earnings of
the plantation were si4S, 426.O7; the net
lCcrnings $685. 90. net profit carried
to surplus account, Sl03, 1884; operat-
| ing expenses. $685., 036.07; resources,
! 81, 025 6S5. II. The 1902 crop is estimated
al 5000 tons. -.
| A dividend at the rate of per cent
| per annum on its capitalization OF S.-
10000 is being paid by the Oahu Rail-
way and Land Company. The eXpens-
es of the railroad department are set
down at 1926, 1851; receipts from the
ranches amount to s76,665.7G, from
! which is deducted the expense Of n in
/ tanning them of s37, 01344-a net gain
of $3.50 652.32 The earnings of the cor
1 poration, net of the operating expenses,
amount 70 S42t ,5S0.97 from which must
4 he taken insurance and ether fixed
charges, amounting to $l45, 266.7S, sho
/ net income of $276314.19. During the
year docks we're completed and ware
houses constructed, with all appliances
/ for the automatic carrying of sugar.
| The earnings of wharves and the coal
seoartment were $50, 250S9. 70 COM
I plete the terminal facilities and
rharves there has been written off, on
! f. ccOunt of the tearing away of old
| ~harves, SOS O53. sc. The ensuing year
/ has greater prospects for larger earn
! iugs than ever before owing to the
/ fact that the plantations along the
I line of the railroad ace producing their
greatest crops of sugar,
| Honokaa, Hawi NH CO., Olowalu
/ 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
tion the court for an order to sell the
property.
| Sugar stocks were not active during
! the past fortnight Eva dropped to
! s22.50, afterwards advancing to $3.50.
| Waialua went down to $3.50; oahu
changed hands at $1,000, and Olaa as
sessable sold at $3.50 and S5.75. No
Bryde transferred at $500. Bids Of
$1,000 We're made for Pioneer Mil.
Bonds are not 50 much in demand.
! Several small blocks of O. X. d l.. Co.
! bonds sold at $1,000.
| 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
3