The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1909-07-24
COMMERCIAL REVIEW

crops of beets in Europe, particularly |
in Germany. over there they had
cold wet spring, and unless unpre-
cedentedly favorable conditions pre-
vail from now on, the crop will be far |
short of the average. In view of the |
increased consumption, a normal yielG |
even, would leave the market bullish |
while any falling away as is predict
ed, would have the tendency of increas- |
ing prices. Despite any other in
fluence that might arise in the world
today to the contrary, a falling off in
the European beet output would mean
q strengthening of the cane sugar mar
ket. Offsetting any calculations of a
permanent character of this kind, how
ever is the Cuban outlook, which once
seemed a bugatoo but is rapidly de-
velCping into something real. Reports
FROM Cuba, also received by Thursdays
mail, tell of immense increases in cane
acreage while a general movement to
install the latest improved machinery,
both for cultivating and grinding, is
reported The effect of all this will
not be felt however, in a long while
to come, and, in the meanwhile, the
consumption of sugar will have great
lily increased.
Writing from Washington to the
Merchants Association, Secretary Nc
| Clellan reports on recent visit made
| by him to New Yrk, where he met
transportation officials on the subject
of rates upon pineapples. The latter
seemed much interested in the subject
and will take it up. In the meanwhile
Mr.. Mcclellan is working overtime
! in the conference committees at Wash
| ington on the schedule for canned pines
and while he promises nothing, hopes
that something will eventually be done.
Reading between the lines, however, IT
seems clear that the secretary hopes
for no good results this year. The
pineapple mater has the misfortune
oe being classed at Washington among
the items of small importance; and it
akes the hardest kind of work on the
part of its friends to keep it alive and
an acceptable subject for debate. I'M
dt ubtedly the absence of Delegate Ku-
! hio from Washington at the very time
tn question was to have been pressed
) with all possible vigor had the effect
of disheartening the supporters of re-
) medal or protective legislation. Siz-
ing up the situation from all the data
at hand, coupled with the experiences
= OF the past in such matters, it is fair
t ly safe to predict that nothing of an
' important character will develop this
year.
Dung the week the manager OF
Waiaua plantation gave out the highly
1 interesting statement that the ylelc
j of the estate this year would be be-
= TWEEN $4,000 and $4,000 tons. This an
g nuuncment vas the cause of an inn
S mense boost to Waialua stock II
n started early in the week at S95 20, a
i which 100 shares were sold; but ther
: came the rush and several sales were
4 made around $9S so and S9S.75, while
il the 500 mark was reached III tW'
: sales of so and shares respectively
e Waialua has already shipped abou
= 27 600 tons, a considerable part o
It which has come in for the high marke
|. prices Inter-I salnd stock showed con
d Siderable activity and strength, mum
) Der of sales being effected at $40 Oah
r, remained steady at $29 % until yes
g terday when it receded slightly sale
= eemeg ?look0taust midway
l. having been made as low as $2S Il
n The cause of this slight depressio
s was undoubtedly the increased cost c
1t l. Tor, incident to the strike; and tn
1t consequent setting over of the day c
" substantial dividends There wa
st some activity in bonds during tn
n week, Oahu Railway ,Hilo Railwa!
lc Olaa skies and others being called fol
n The action of the court Friday in &C
S. hitting Hilo Railroad bonds as deslT
II able security for trust funds was
c. highly gratifying testimonial to tn
re SAB, tantial character of the bonds
Of Courts are invariably particular in sue
matters
Or Stock sales during the week hav
m been:
at oahu-25, 100, 100, 80, SO, 25, IS, Il
I'd 10, a 500 .25; 8 "a $29 90; 5, 5, 5, L
~ q $2S.75.
r Hawaiian c. & s. Co.'S, 20,
e. SS1 rs.
TT Ewa-2O, 10. 100. 10, so. so q 500. l2J