The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1908-05-03

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failure. The total output of sugar from
these islands in 1876 was 1905 tons.
The total crop in 1898 was 222. 4S1 tons.
The crop this year will be more than
double the output ten years ago. The
present prosperous condition of the
country's main industry, with it's an
nual output of nearly a half million
tons of sugar, is due to the courage,
patience. perseverance and never fall
ing faith of the men who put in their
money. their credit and their best mem
tai and physical effort for what has
been accomplished. When we remem-
Der that good, true honest friends of
Hawaii are living today, who did not
believe, in 1876. that these islands
would ever produce $1,000 tons of sugar
per annum. we may regard their pres
ent status of development, considering
all the difficulties encountered, a re-
markable achievement and a worthy
stimulus to posterity."
DIVIDENDS PAYABLE.
Some misleading paragraphs have
appeared during the week as to the
amount of the monthly dividends dis
tributed by Hawaiian corporations,
These statements greatly underesti-
mated the amount, and might give the
impression that the millions invested
here made very poor returns. A par
tial list of dividend paying corpora
tons gives the following figures:
On May /. Haiku, Pioneer and
Paia pay per cent. each. 100000
On May 5. Hawaiian CONNER
cial pays 65c. share or s65.
600, Onomea 1 IL per cent. or
$4,000 and Honomu IL per
cent or s11,2 ............... 91.25O.0o
On May 10, Paauhau pays 15c.
a share .................. 10000
On May 10, Oahu pays 11-2
per cent. or 1000, Hawaiian
Sugar f-2 per cent, Q. r.
& L. Co. ga per cent. and
Pepeekeo / per cent. aggre-
eating ............. 121, 500. 90
On May 80 various plantations
will pay, aggregating $500. III, 90
IOIaI ..... $3o5,JoV.VV
These are all listed on the Exchange.
There are many other plantations and
private corporations paying dividends
which are not made public.
RATE ON MARKET VALUES.
lowing very interesting calculations as
to the rate of return on the market
value of their stock which different
plantations are paying. Here 1T is:
Eva. s Al per cent. Oahu, IL SS-103
per cent; Waimanalo, II 3f-17 per
cent; Olowalu, IL per cent; Paauhau,
10 per cent; Onomea, 10 1917 per cent;
Pepeekeo, 10 per cent; Hawaiian Agri-
q 10
& Sugar Co, s 1926 per cent; Hawai-
ian Sugar Co., 10 1917 per cent; Ho-
nornu, II CT per cent; Haiku, 8 Al per
Gill per cent; Kahuku, SS11 per
cent.
THE CUBAN CROP.
The statement made in this column
last week that the estimates for the
Cuban crop had seemingly adjusted
themselves to the 9o0,000-ton figure is
confirmed by later reports brought by
the Hongkong Maru. Willett e. Gray,
who have come down in their esti-
mates with greater reluctance than
any other authorities, now speak of
that figure as being the probable one
for the crop.
Smith & Schipper, under date of
April IA, say regarding Cuban cond1-
tions:
"The number of centrals grinding is
reduced to IA. as compared with 1874 the
corresponding time last year, and $50
in 1906 a falling off of 81 centraIs
since last Tuesday shows how rapidly
the season is drawing to a close, and a
comparison of the grinding today and
~ "a. r. ~l.Ss ,r,
clearly the difference between the two
years. and emphasizes what we have
been pointing our for some months.
IT is said that there will probably not.
be more than 40 or 80 centrals grind
ing next Tuesday, and very few viii
be at work after the first of May.
Planters believe that as the season
progresses they viii secure higher
prices. and are not disposed to sell
their sugars at present. The greater
part Of the crop having been sold,
they are in a much better position to
do this, and we understand that tins
banks are Ioaning money at reasonable
rates. The weather continues extraor-
dinarily dry and the country is again
suffering from extreme drought, which
we think can not but help have its
effects on next years crop, The
drought has prevented paintings. and
the cane fields which have been cut are
in poor condition
on April IS ii was announced that
the number of centrals grinding
was S..
THE EUROPEAN CONDITIONS.
Both Wiilett & Gray and Smith &
Schpper in their discussion Of condi-
lions under date of April is give prom
fnence to a cable from Mr.. LIGHT to
the effect that he estimates that the
sowings for ali Europe viii be a trifie
less than last year, where 1t was gem
orally expected there would be some
increase AS the time within which
sowiugs must be made will end very
soon, il would seem TO indicate that