The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1908-08-30


output of canneries, is very large.
! there is neither planting nor grinding
to be done, and because there is little
plant cane to be cultivated, the ex-
penses of cultivation will be below
normal. In any event. however, there
has already been gain of at the very
least $4,000 over the estimates which
is nearly S. share.
. The gain over the estimates is such
that the $4,000 bond issue can be TAX
en- up a year earlier than it was planned
to do it, The growing crop is most
promising, so that so far as anything
can be now seen there ought to be
credit balance too large to hold tied up
until the final wind-up of the concern.
Hence there should be distribution
of it, within a comparatively short
time, and this is what some of the
stockholders, at least, are expecting.
With such prospects as these, the
stockholders would hardly be willing
for a reorganization or new company
to come in now to whom the rattoon
crops in sight should go, unless on
basis of practically par for the stock.
When it is remembered that in the
whole twenty-eight years of the COM
pany's existence it has only paid divi-
dends of 211a per cent, this rather
pyrotechnic finish of good crops and
good prices. is especially gratifying to
stockholders
Real Estate.
There was another auction of Kai-
muki lots by Morgan yesterday An
entire block. sixteen lots on Twelfth
avenue, opposite Daggett s and z. K.
Myers, the block formerly planted to
papayas. was sold. There was fairly
good crowd at the sale and number
of bidders The highest price realized
was 1915 for corner lot nearest the
Rapid Transit The lowest price realiz-
ed was 1922 80. The lots were sold
as follows: c. Schoening bought two
lots one at 1915 and the other at 1910;
F. Harrison bought one at 1890; and
the Hawaiian Trust Company three at
the same price; Samuel Bradley bought
one facing on Twelfth avenue at $3.50;
A. Harrison an adjoining one at $3.50;
s. S. Paxson got the corner one toward
Diamond Head for $242.50 and an adj
Joining one for 1915; J. Kennedy
bought two at $232.50, and two at 1896,
and w II. Bradley two at $237.50 each
The Davies Memorial.
Another real estate transaction of
importance recorded during the week
was the transfer of the new parish
house near st. Andrew adjoining st.
Andrews Cathedral, to the Protestant
Episcopal church in Hawaii by T.
Give and George +. Davies. No
monetary consideration is named, the
consideration being the trusts express
ed to maintain the property as a me-
mortal to the late Theophilus Harris
Davies. The entire property. however,
can not be worth far from $4,000.
A preliminary meeting OF the wal
kiki Reclamation Commission was held
during the week.
Consolidated Pineapple Deal.
4 change in the affairs of the Con-
solidated Pineapple Company was IN
timated in these columns last week.
While the exact change then under con /
sideration has not come about an I'M |
portant one has. This was the pur-
chase bv George ?. Thielep OF the m |
terests of Pe1gy Pond and Byron o.
Clark in the company. l.. g. Kellogg |
remains the manager of the company !
the purchase having been made with !
his knowledge and being satisfactory |
to him.
The Office Speciality Company.
The Hawaiian Office Speciality Com |
pany went into new hands yesterday |
The company is corporation capt
talized at $25. 600 L. g. Kellogg CON !
trolled the concern and was vice presi- !
dent while Henry c. Easton was treas |
urer. Charles n Marques yesterday |
bought the control of the concern, and
viii guide its policy in the future.
The following are the new officers OF !