The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1906-02-27
MAUI AGRICULTURAL
COMP ANY'S YEAR
CROP RAN ABOVE ESTIMATE AND
GOOD DIVIDENDS WE'RE PAID
BY COMPONENT COMPANIES.

ricultural Company ives held this
morning at the offices of Alexander &
Baldwin. This company includes the
Haiku and Paia plantations besides
five other newer and smaller ones. The
operating expenses for the year were
S79i, $3.50. The gross receipts from the
sale of sugar were $l,533 O642O The
marketing expenses were 1902, 696.41.
The Haiku and Paia annual meet
ings as well as those of the other COM
ponent corporations were also held this
morning. Haiku received from the
Maui Agricultural Company $7S,O1174,
and paid dividends of 15h per cent.
Paia received $113,172.3S and paid 10
per cent
The report of Manager II. A. Bald
win is as follows:
Crop.-This crop was exceedingly
gratifying, the output being 17,753 tons,
netting. after deducting marketing eX-
penses. S74.51 per ton. This was an in
crease in crop of 1882 tons over the
year previous and an increase in price
of $1O.17 per ton. In the report of 1904
the estimate for the 1905 crop was $1,000
tons. This was exceeded by 1858 tons,
due primarily to climatic conditions.
The cold weather during the early part
y of the season made unusually rich juice
for that time of the year and the rainy
weather during the latter part prevent
ed the drying up and souring of the
cane. The proceeds of this CT p en-
abled the Copartnership to redu.o by
1856, 661 90 the Indebtedness to Haiku
Sugar CO. and Paia Plantation for
crops taken over at the time that the
! Copartnership agreement went into eff
! feet; to eXpend on permanent improve
ments $19423T00 in addition to the
amounts realized by the sale of bonds;
to end the year with a credit balance
in the hands of our agents of $73, 461
in place of a debit of $7S,375 as at the
| beginning of the year; and to put into
growing crops $122,77S more than this
account represented at the end of 1904.
Factory Work-It will be noted by
, comparing the reports of the two fac
tories with those of last year that there
has been some Improvement in the OPP
GRAFTON of our sugar houses. How
ever it was considerably below stand
ard, due principally to insufficient boil
ling capacity and our consequent inabil-
| ity to masserate sufficiently or to wash
the press cake.
New Ditch.-This was completed to
the plantation and water turned on
June 18th. I would draw attention to
the fact that as the result of the COM
pletion of the ditch, in spite of our
cultivating considerably more cane
than i'm 1904 and Notwithstanding that
the rainfall during the year was 49
inches as against SO for 1904, our pump
ing expense was but $780, while for
1904 it was 1884; the amount expend-
ed in the purchase of water from the
Hawaiian Commercial e Sugar Co. was
but 1868, whereas in 1904 it reached $4
$40; and that we received for the sale
of water $G777 in 1905 against 81 ,629 in
1904; and this cOincident with the fact
that the growing cane at no time suf-
fered for the want of water. Mr.
4 Pogue is at present carrying on devel-
Oping work in Keanae Valley and at
Nahiku that will prove of great value
in materially increasing the flow of
water in the Koolau Ditch during dry
weather.
New FactOry.-With the exception OF
the moving over of the machinery now
comprising the Hamakuapoko Factory
to Paia, the new factory at the latter
place has been constructed and we
have as well an appointed and cOnVe-
niently arranged sugar house as l think
is to be seen on the islands. Much
credit is due our engineer, Mr.. Lowell
for the plans and carrying out of same
! Ranch.-The conditions are so favor
able to the growth of weeds at Haiku
where our sisal plantation is located
that l am doubtful if ii will pay us tC
grow this crop there. The pineapple
plantation there however, is in a thriv-
ing condition, having already yielded, a
sat sfaCtoTy crop. We are extending
this as fast as we can procure plants
The returns from pines should be il
the neighborhO2d of $500 per acre, more
than half of which should be profit
when We can supply our own plants
We have been able to supply all The
beef for the plantation during the pas
year and number of working animals
We commenced to mill the 1906 crol
at HamakuapOko on December Attn, 1905
and at Paia January 22nd, 1906 Thii
Will be harvested from 1882 acres o
plant cane and from 1860 acres of ra
toons-l54 acres having been cut 70
seed. l think we can expect this crol
to reach 10000 tons but much depend
; on the weather. Up to the presen
writing the yields have fully equaller
the estimate. l think the returns iron
this crop should pay for any improve
ments that may be necessary, and a
the same time allow the Copartnershi
to pay up enough of the debt to Haik
Sugar Co. and Paia Plantation to. en-
able them to continue dividends as a
present, Notwithstanding the presen
low prices of sugar.
For the 1907 crop we are cultivatin
1000 acres of plant cane and 100 acre
Of ratoons. We were unable to plan
all we had planned as cur new set G
steam plows did not arrive on time
e We were unable to get them into tn
fields until July LIST, after which dat
= however, they did excellent work, no
having been laid up for repairs a day