The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1907-10-11
IMPORTANT MOVE
BY CONSOLIDATED
CFrom Thursdays Advertiser,


A meeting of the stockholders of the
Wahiawa Consolidated Pineapple Com
pany was held yesterday morning at
which the proposition to appoint Castle
and Cooke financial agents for the COM
pany was discussed and finally q, eided
on. The affairs of the company had
been carefully investigated by Castle
and Cooke and that firm has agreed
to supply funds up to the amount of
| $3.50, 900, for the handling of the pine
apple crop of 1908.
In speaking of the matter last night
L. G. Kellogg, of the pineapple con-
| Germ, said:
"The meeting of stockholders held
yesterday morning was to ratify the
making of Castle and Cooke our fnan-
cial agents. They agree to take care
of financing the handling of tie 1905
crop up to the sum of $4,000, which
is $4,000 more than we asked for in
the first place. A meeting of the di-
rectors to execute the necessary papers
will be held tomorrow.
"Our affairs are in a most excellent
condition and the outlook for next
year is unusually good. We grew in
the neighborhood of 900 tons of pines
this year, of which we canned 400
cases and sold 500 to the Dole can
merry. Next year we will double our
production and will can all that we
grow ourselves, and should have a
finished product of over S., 900 cases of
fruit.
This years crop in the Territory
amounted to about Isl, 900 cases which
were divided as follows: Dole, $4,000;
Wahiawa, 1000: A. W. Eames, 10000;
Pearl City, 1900; Hilo, 1000; Kauai,
1000; Maui, 1900. The shipping from
Wahiawa to san Francisco will cost US
less next year than it did in the past.
We have an agreement with the rail-
road by which we get a freight rate
of 81 per ton till we ship 10000 tons
per year, and after we have reached
that amount We get rate of $50.
That means that we will save five
cents in freight next year on each case
of pines shipped by us.
There is also a proposition on foot
to raise the price of pines % cents per
case. At present they are selling for less
in San Francisco than peaches or
pears. This is not right and we believe
that we will have little difficulty in
getting higher rate for our first-class
brand of sliced pines.
Our running expenses except dur
ing the months of the season when we
are canning are about $1,000 per month.
During the canning season they run a
good deal higher as we employ about
two hundred extra men at an expense
of $3.50 per day.
Il shall leave for the Coast on the
next Alameda and will spend all my
time on the pineapple business. You
can get some idea of the demand for
Dur goods when 1 tell you that two
Eastern firms, one in New York and
the other in Chicago, have already
sent us orders for 10000 cases apiece.
We have received many orders for our
lext seasons pack but have not book
ID any as yet. I wish to look over
he market carefully first and also
o consult with our selling agents on
he Coast before doing any business
f this kind.
THAT the pineapple business is a
God one and has come to stay is GER
ain. Any farmer who can get forty
ores of good pineapple land can make
money. The extent to which the in
ustry has grown is shown by the fact
nat the 1884, 900 cases which have been
rown in the last year and canned for
xport bring 1910 per case. or $3.50, 900
'hich. it seems to me is doing pretty
ell for an infant industry and which
lould be more than doubled next
ear