The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1908-08-23

or the directors visiting the plantation
| after the estimate was made expressed
doubt as to whether the estimate would
| be realized.
Wells Retires from wailuku.
G. B. Wells, who has been for so
long, and so successfully, manager of
Wailuku Sugar Company, is announced
to retire October ]. He will be sue
eeeded by Harry Penhallow, who has
been for some time the assistant man.
ager. Mr.. Wells expects to spend at
least two years in travel, and then,
possibly, to engage in business here or
elsewhere. But beyond the two years
of travel he has not decided ON any
plans.
Mr.. Wells has been an eminentlv sue
eessful manager. The plantation of
which he has been the manager for so
long has been steadily and highly prof
liable for years. In the matter of cul-
tivation it has been a show place.
Harry Penhallow, who has been the
assistant manager for some time, has
been in the employ of the plantation
for several years, and has worked up
through all the grades of employment
A New Mill for Kona.
A contract was entered into the past
week with the Honolulu Iron Works
for new nine-roller mill for Kona.
The contract calls for the nine-roller
mill and the engine to operate it The
erushers that have been in use will be
,,ca2 Nth he III -
other parts of the mill plant, boilers.
CHARTERS and all that sort of thing.
1t was found that the coming crop
which the mill viii be called on to take
care of would be larger than the old
mill facilities could handle. The con,
tract for the new mill was accordingly
entered into, and it viii be ready to
begin with the new crop the first of
the year.
The Hamakua Ditch
J. T. McCrosson and Fred Lewis re-
turned on Friday by the Alameda from
an absence of several months in Eu-
rope. They report that with Colonel
Maefariane they believe they have
foated 100000 of the bond issue for
the construction of the lower Hamakua
ditch, through Kootz & Co., bankers,
London. Something new in floating
bonds is the fnsuring of these bonds by
the Norwich Mutual Life Insurance
Company at premium which makes it
cheaper than the creation of a sinking
fund. AS soon as the deal is finally
closed work will begin at once
1t is a part of the project to de-
velop water power in the Waipio Gulch
~, g e.
gen from the air for use in the manu-
facture of fertilizer. Mr.. Lewis and
Mr.. McCrosson studied the processes of
this new industry while they were in
Germany. The importation of nitrates
to Hawaii for use in the manufacture
of fertilizer amounts to about half a
million dollars year.
The Oahu Railway Report.
The eighteenth annual report of the
Oahu Railway land Land Company was
issued during the week and is consid
cred a most satisfactory showing of
this developing property. The gross
earnings for the year from all branches
of the business were 1851 ,40S.28. Ex
penses, including depreciation of plantl
written off monthly, 5000, 1894. This
shows profit of $571, 63S.34. Bond
and other interests, 1925, 1899; bal
ance, $445, S5S.35; dividends of nine
per cent. were paid on the capital stock
of $4,000,000, amounting to 100000;
leaving to the credit of net revenue
$50, $685.. The construction of the
Wahiawa branch line was financed by
an overdraft which at one time exceed
ed $125,000. This overdraft has been
paid in full. The company today has
no floating indebtedness. The total
freight earnings for the year ending
June 80, 1907, were 1868, 1s31s, while
for the year ending June 30, 1908, they
were 1886, 542.17, or an increase of
$116.35S.99. The average receipts per
ton per mile of road, comparing the
same periods, show that while the gross
receipts have been greater, the re-
ceipts per ton have been less. In
other words, a greater bulk of business
was handled at less cost per ton to the
shipper. The passenger earnings for
the year are less by $4941.59.
The increase in freight in certain
commodities during the year over the
previous year has been as follows:
From fruit and vegetables, from 2300
tons to 9611; sugar, from 103,754 tons
to 1886 tons; paddy and rice, from
5102 tons to 6517 tons; canned fruits,
from 20o7 tons to 1884 tons.
Consolidated Pineapple Company.
A meeting of the directors of the
Pineapple Company has
aoIa5 for Maudau and ehgn0e |