The Hawaiian gazette., 1908-07-14
BONDS FROM THE COAST.
HoNGKoNG BREWERY.

HONGKONG BREWERY.
Advices were received during the
week of the progress of the Hongkong
brewery. President A. Hooking writes
that the building is up to the second
story; that the ice plant will be ready
in August, and the brewery itself in
November, or mt least before the end
of the year. OF the capital stock,
amounting to about 100000 gold, only
half of it has been issued, and it has all
been taken no almost wholly by men in
Hawaii. Hooking writes that he has
had an offer from Hongkong capitalists
to take up the remainder of the capital
stock. But he has declined the pro-
posal, the money not being needed now,
and he being determined to give the
present stockholders the first opportun-
ity to take up the remainder of the
| shares.
ANOTHER EVA DIVIDEND.
1t is expected that another extra or
special dividend will be declared short
ly by Eva plantation. Such at least is
the report.
AN II. C. & S. RUNnOR.
The rumor comes from Maui, where
the plantation is located, that in addi-
ton to the increase of the regular
monthly dividend from 90 cents share
to so cents, special dividend will be
declared.
SOMETHING DOING IN HAWAIIAN
SUGAR.
There is a feeling that there is some
thing doing in Hawaiian sugar. There
have been several large transactions in
the stock in which the purchasers were
men who would be very likely to know
just what the plantation was doing and
could do.
THE OAHU DIVIDEND.
AS was forecasted in these columns
last week, Oahu has increased her divi-
dend from one and half per cent. a
month to two per cent. month. There
was some expectation that the increase
would be to two and a half per cent,
and it would have been, but that the
directors thoupht it more prudent to
keep the dividend increase down to two
per cent, in which case there could be
no doubt of the ability of the planta-
tion to continue this rate throughout
the year. AT the same time, if earn
ings warrant it, there will be special
dividend of one and half per cent.
October Is, and one of one and half
per cent. December Is. If both of these
are realized, that will make the two
and half per cent. for the entire re-
mainder of the year. The crop this year
will probably reach 10000 tons.
PIONEER IN THE LIMELIGHT.
Pioneer Mill has attracted a good
deal of attention this week. Not that
the stock has been dealt in much; there
, is none of it for sale. To show how far
, stockholders are from an inclination to
sell it may be stated that but 234
, shares were sold during the six month:
, ending June 30. As was predicted, the
r dividend was recently increased to two
, per cent. month, and it has been esti-
| mated and made public by those closely
| connected with the affairs of this plan
tation, that this dividend of two pei
cent. n month can be continued unit
the end of this year and still leave
enough surnlus to pay monthly divi
dend of one per cent. during the yea
1909, without any profits being made
during 1909. But with a record like
that of Pioneer, nothing less than some
disaster would prevent the profits be
ing sufficient each year to continue the
: payment of regular monthly dividend
of one per cent, so that the prospects Of
! this plantation PAYNE at least one anC
a half ner cent month during tn,
whole of 1909 appear very encouraging
e AT the present rate of "a per cent. {
. year on the par value of the stock, owe
1917 per cent. is being paid on the mar
ket value. The original crop estimat,
was $4,000 tons; the latest p, 800. Mr.
r Pfotenhauer, treasurer and director
{ says: "The cane is in magnificent con
dition. i have never before seen it s,
good at this season of the year. Thu
Q estimates have been overrun, and tn,
g plantation is in most prosperous con
dition.'
. oLAA CROP WILL BE LARGE.
Latest advices from Olaa are thai
the crop which was estimated some tim,
ago mt $1,000 tons will now go to 17,7OC
+. tons or $4,000 tons. The stock which
5 has been standing at 81 for some time
, is still quoted at that, but with little
firmer tone. McBryde, which has beer
bracketed with Olaa in the quotations
has now fallen little behind olaa, and
} is quoted at the lowest price of any
| sugar stock on the list.
THE HoNoKAA ESTIMATE.
The latest estimate of the crop OF
HOnokaa is given as 1900 tons. 1t is
said that conditions there are very sea
sonable. There have been good show
ers and the Hamakua ditch has proved
efficient.
ONoMEA CONDITIONS.
J The estimate of the crop of onomes
J was 1000 tons. 1t is now said that
the crop will in all probability reacl
$4,000 tons, The original estimate OF
! ookala was S700 tons, but this has now