The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1904-11-02

| AS the campaign nearS Its close, retal
trade suffers. The slow term, however
| will have a duration of not more thai
| ten days, or two weeks at the outside
| Election day will be on the eighth o
November The conservative party i
very confident of victory. Its manager
express the belief that so long as Gov
ernor Carriers conduct of state affair.
/ has been made the issue, the people viii
| support an established business admins
| tration rather than take chances with
| men standing on uncertain platforms
and to no definite course
1t is well understood that Governor
Carter, if properly supported, will cause
the enactment of appropriation bills cal
culated to put enormous sums of money
into circulation throughout the Terri
tory. Being business man himself,
he is in touch with the commercial
community and will know just how and
when and where to market the second
million of the bond issue of two years
ago. In the meantime he is Fastening
the expenditure of the first million
largely in permanent public improve
ments. The Report cannot be partisan,
but it is constrained to remark that the
party commanding financial confidence
on the Mainland will command the same
here-and none other.
While the number of stock transac-
tions reported to the Honolulu exchange
is greater than, say two years ago for
the same month, many deals are made
that are not published. Eva has settled
down to regular siege between buyer
and seller. Hawaiian Commercial is
active. There has been big slump in
Kihei. Olaa movement is slow. Brewer
and Co. is still sought for by Eastern
people Hawaiian Government bonds
have been bought in literally by local
investors DR. Moritz has secured CON
troll of the Kamalo plantation. Oahu
Railway and Land Co. stock has sold
at reduced figure, but the bonds are
still about the highest in the market.
There continues a steady demand for
Hawaiian Sugar Co. (Makaweli) stock.
Eva Plantation Co. will begin paying
a quarterly dividend of two per cent
on March 81. The meeting of directors
that decided on this also voted extra
dividends in November and December
ensuing, which will bring this years
dividends I'D to eight per cent. There
has been redeemed this year 100000
of the company's bonds and $500, 900
more will be taken I'D the first of next
year. leaving only 100000 outstanding
which it is intending to pay off the
middle of 1905.
An Associated Press dispatch from
Washington, d. c. says: William Hall
of the Agricultural Department, who is
in charge of the forest extension, ex-
presses the opinion that if the cutting
down of the forest in the Hawaiian
lands continues, ruin Will come to the
sugar industry. Mr. Hall says tie
danger is that the planters may go SO
far in the cutting downs of forests as
to bring ultimate disaster upon them
selves by running the water supply and
decreasing the rainfall. Many planta
tions now obtain water from mountain
streams for auning cane to the mills.
There is scarcely enough water tor TINS
purpose now and it has been noticed
that with the clearing off of the lower
slopes these smaller streams have been
diminished.
This matter is being very carefully
looked after by the planters, and it is
reasonably certain that early action will
be taken to conserve the natural supply
of water in those districts not having
srtesian wells. The leaf hopper is dis
appearing and encouraging reports are
coming in from al the fields and mills
Japanese agriculturists of high standing
are here investigating cane culture with
a view to establishing plantations in
lands of the Orient subject to Japan.
Brewer and Co. contradict the street
rurnors that they are about 70 obtain
control of Waiakea plantation, near
Hlio. The Koloa Wine Co. of Kauai,
has been reorganized Gus. Schunlan IS
hack from the Mainland with his new
brand of automobiles. Some docks OF
the American Hawaiian s S. Co were
burned in New York. but TO steamers
injured. VIM. Peterson and Chas.
Martin. local men, nave lost by storm