The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1905-02-02

h. idle Further Hawaiian rice Will
carry down with it in its fall nearly
all of the big Chinese business firms
nj the CITY. Old Chinatown of Homo
lulu is now practically in the hands Of
the japanese. All over the group the
Chinese shop keeper is being driven
our by the Japanese. It is decidedly
too bad. as the Chinese industrially
and in the mercantile lines have been
valuable and agreeable. Just what
measure or amount of success will be
achieved in the effort to bring more
Chinese here for plantation labor is
mathematical That will be fought out
in Washington far from the petty
screenings of the Hawaiian debaters
on the subject It Is unfortunate that
the Planters and Merchants, through
their association has clashed in the
matter of the campaign for lower pas
senger rates to and from the coast.
the merchants claim that the planters
decline to assist and the planters de-
clare that they are willing TO help IL
their own way. This is certainly
clear instance of where there must be
a getting together before anything
can be accomplished.
A few tourists are coming in as is
usual at TINS IlIlS OIL the year. bul
promotion work viii never amount to
much of anything until transportation
figures come down. The two principal
carrying lines state that they can not
see their way clear TO make rates. So
long as they are of this mind and the
merchants and planters fail to act in
harmony the chances are a thousand
to one that we shall have no such tour
ist business as the country deserves
and as Honolulu needs. One of the
proposals lately made is that the ton
mage quarantine tax now used wholly
for promotion work of the nature OF
advertising, be offered as subsidy or
bonus for an independent steamer to
make say monthly round trips between
San Francisco and Honolulu. This will
be considered, likely, along with the
plan to utilize the Americana waiian
freight steamers.
The traffic in sugar stocks at Homo
lulu and San Francisco continues lively
with often a sensation day. OF course
the gamblers are on the market in
force, but the great volume of selling
is to investors who see the profits on
sugar at over hundred dollars ton
There is a sharp demand for bonds
The Wilder and Inter-Island S. S.
companies will soon be one concern.
the former has been absorbed by the
latter through the very simple process
of purchase of stock on the open mar
ket. The shares We're bought in for
clients by the Hawaiian Trust Com
pany. 1t is the pioneer company thai
is being taken into camp. 1t has a
fine fleet of steel steamers. All the
Inter-Island boats are wood, but are
all comparatively new and in excellent
condition. Details of the merger will
be complete within the coming fort
night.
Cooks and Dunning & Co. will bring
some tourists to the islands this season.
The Rapid Transit Company will open
its new Beretania street line this week
The Transit people have just had an
annual meeting with a splendid show
ing to the credit side. Geo. P. ThieIen
has purchased H. P. Eakin's seat on
the Honolulu Stock and Bond EX-
change for $4,000. Exchange seats have
sold for as low as $1250 during the past
year. 1t will next be the turn of real
estate to look up.
The Bank of Hawaii has published a
statement which ranks it with the solid
financial institutions of the United
States. The cry still comes from the
big island especially for better roads.
Lack of good roads is said to be the
chief drawback to coffee culture in the
Hamakua district. a rival to the Mu-
tual Telephone Company will ask the
legislature for a charter. Printed copies
of couple of the proposed county acts
are in circulation.
The Legislature will be asked to sup
ply a new index system for the register
office. The local authorities have at
tached the necessary signature to the
half million of Territorial bonds recent
" sold. Delegate Kuhio cables that
he has Hawaii down in the Rivers and
Harbors appropriation bill for 100000
Quite a number of transports on the
Manila run will call at Honolulu during
the next few months. Coast people who
sold some sugar stocks here earlier in
the month are trying to buy them back
again.
In all probability the Honolulu Iron
Works Company will build the new
mill for the Wailuku Plantation. Work
is to commence in a few weeks on the
construction of the new military post
here