The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1909-05-30
COMMERCIAL NEWS
Continued from Page Four.)

tHC tJbDCh IAEndASE was CON
vened yesterday for the purpose of
considering proposed changes in the by
laws of the organization, in conformity
with the sentiments of many of the
members. The question of the life in
surance clause in the bylaws was the
main problem and it was finally decided
to eliminate it entirely. There is
considerable amount of insurance
money now on hand but no decision
was made as to its disposition.
The objections to the provision for
life insurance was based mainly on the
belief that it could hardly be consider
ed within the province of stock ex-
change, and while it was acknowledged
to have been a good thing in the
past it was decided that under changed
conditions it would be wiser to aban-
don it entirely. This view was con-
Cured in without opposition. The
rumor of a seeessionist movement
for the purpose of forming new ex-
change does not seem to possess any
foundation in fact, and the same is
true of the reported friction among the
members over the insurance provision.
Hawaiian LAUNDERING.
OuuEI Iut dIucAQSu agreement de W
prices with the Santa Fe railroad com
pany, the recognized Puma Lumber
Mill-formerly the Hawaiian Mahogany
Company--is turning out satisfactory
number of ohia ties, the mill averaging
quite a thousand day Of this output,
some fifteen thousand a month are be-
ing shipped to the Santa Fe, the rest
being put on the local market. Dur
ing the week the schooner Prosper sail
ed from Hilo with a full cargo of ties
and two other vessels-the Balboa and
the w. H Marston-are under charter
by the Matson people to load ties. The
former vessel will reach Hilo probably
this week and the Marston early in
July.
The numbering branch of the Hawai-
ian Development Company is extending
its numbering railroad lines through the
homestead lands upon which the timber
rights have been purchased and this
land is being rapidly cleared up. The
negotiations for timber rights on the
government lands adjoining are prae-
tically completed and it is expected
that the mill output will be largely
increased when this land is being work
ed over.
In addition to the work of cutting
ties. the Puma mill is operating
single plant and is also turning out
a large amount of lumber and other
ohia products. including telephone pins,
plough beams, and such.
The strike agitation has not pene-
trated the lumber camps to any appre-
eiaible extent and dozen Japanese who
appeared anxious to foster a strike
sentiment were replaced last week by
others without any trouble.
Work is to be commenced very short
w on the timber lands of the Pacific
Development Company, adjoining the
Puma Mill IS land, where E. H Cant has
secured timber rights. A small port
able mill has been purchased by him
and will be delivered at Hilo on the
Enterprise. This is to be set up in
the woods to cut ties, also for the
Santa Fe, although not being sold Oh,
rectly to that company. The ties viii
be either taken to Kehena to be loaded
for transportation to Hilo, where they
will be reshipped, or taken to Pahoa,
for shipment to Hilo by rail. Mr.. Cant
states that he is ready to install a
trolley system for the transportation
of the ties from the mill to the shipping
point.
The young rubber trees set out on
this Pacific Development Company 9
lands are thriving and the promoters
find the outlook very encouraging for
this new industry.
Hilo Breakwater Progress.
To date, about twenty per cent OF
the work under the Hilo breakwater
contract is completed, the progress be-
ing satisfactory to all concerned Con
tractor Metzger is preparing 70 1nstal
a considerable amount of additional
machinery both at the breakwater and
at the quarry at Kapoho, however, with
which much faster time can be made
than at present. This machinery Will
consist Of three additional derricks for
handling the larger pieces Of stone.
Realty Is Transferred.
The week has been fairly active
from a real estate viewpoint. The most
important transaction is the sale Of
the Hilo Hotel by the Spreckels inter
ests to George Lycurgus. The Hawai-
capital has long been in need of
hosiery such as the Hlo Hotel viii
be after its rehabilitation under the
Lycurgus management. The new own
ers viii spend considerable sum Of
money IN making necessary repairs and
providing up-to-date equipment.
Locally, a number of exchanges o.
realty have been completed. Captain
Miller IS the reported purchaser Of the
property of DR.. G. B. Cooper on Ma
kiki street for the sum of $4,000 and IS
in line with Captain Miller 8 realty in
vestments in that portion Of the city.
Another residential property that has
changed hands is that of the house and
lot of J. H. Fisher, which has been