The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1908-07-12
COMMERCIAL NEWS
Continued from Page Four.)
HONGKONG BREWERY

Continued from Page Four.l
HONGKONG BREWERY.
Advices We're received during the
week OF the progress of the Honokone
brewery. President :. 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 at least before the end
] or the year. OF the capital stock.
amounting to about 100000 gold, only
half of 1t 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 H0ngkong 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 H. c. & S. RU8fOR.
The rumor comes from Maui. where
the plantation is located, that in addi-
ton to the increase of the regular
monthly dividend from IS cents a share
to so cents, a special dividend will be
declared.
SOMETHING DOING IN HAWAIIAN
SUGAR
There is 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. a 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 thought 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
ton to continue this rate throughout
the year. At the same time, if earn
ings warrant it, there will be a special
dividend of one and a 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 $4,000 tons.
PIONEER IN THE LIMELIGHT.
Pioneer Mill has attracted 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 months
ending June 30. AS was predicted, the
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 per
cent a month can be continued until
the end of this year and still leave
enough surnlus to pay a monthly dlvl-
dend of one per cent. during the year
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 and
half ner cent month during the
whole of 1909 appear very encouraging.
At the present rate of "a per cent.
year on the par value of the stock, over
161a per cent is being paid on the mar
ket value The original crop estimate
was 24.000 tons: the latest 81 500. Mr..
Pfotenhauer, treasurer and director,
SAYS: "The cane is in magnificent con-
dition / have never before seen it so
good at this season of the year. The
estimates have been overrun, and the
plantation is in most prosperous con-
ditionD
OLAA CROP WILL BE LARGE.
Latest advices from Olaa are that
the crop which was estimated some TIME
ago at 1860 tons will now go to l7,400
tons or $4,000 tons The stock, which
has been standing at $4 for some time,
is still quoted at that, but with a little
frmer tone. McBryde, which has been
bracketed with Olaa in the quotations,
has now fallen a 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 Hama.kua ditch has proved
efficient
ONOMEA CONDITIONS.
The estimate of the crop of Onomea
was II 900 tons 1t is now said that
the crop will in all probability reach
$4,000 tons. The original estimate of
Ookala was 300 tons, but this has now
been increased to from $500 to 4700
tons
SALE OF KEKAHA STOCK.
Harry Armitage during the week
sold at private sale quite large block
of Kekaha stock at $40. This is an
unlisted stock The plantation is on