The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1910-03-19
.HILO EXTENSION
MAKES PROGRESS

report this morning from the superin-
tendent Of the work on the Hakalau
extension Of the Hilo Railway, in
which occur the following interesting
statements:
Waikiki river bridge All cement
work on this bridge has been compiler
ed since last week, and the carpenters
are now busy putting on the wooden
superstructure, which work l hope,
will be completed in ten days to two
weeks from now, so that can promise
to begin to lay rail on or about April
list.
The grade to Wainakku is very near
ly completed a few places which re-
main as yet unfinished should cerA
tainly be done by the end of this
month
Wainaku tunnel This piece of
work continues to progress very fav-
orably, something like so feet being
finished. 1t is fully expected that
this tunnel will be completed by
April list.
Honolii steel bridge foundations.
You will be pleased to hear that this
work is progressing very favorably,
and it certainly begins to look as If
no delay will be experienced on &C
count of the foundations not being
READY in time for the bridge builders.
Foundations for Kapue bridge are
also being taken in hand and will GER
tainlg be ready long before the
bridge builders get that far.
Speaking further of the matter this
morning, Mr.. Dillingham; said:
The Honolii steel bridge was ship
iped from New York via the Ameri-l
Jean Hawaiian line March 2. This
bridge when erected win be 512 feet
long and 80 feet high. Kapue bridge,
lalso of steel, was shipped from New
York on March a."
WotGooWooceoWo o3ooMootcfoW tHt94
Almost in every case the list OF SUD
scriptions is closed within few
hours of the opening, while the very
forms of application are made and
sold at good prices.
An interesting account of the origin
of the rubber movement appears IN
this weeks outlook. THE BOOM
it says, really commenced in Mincing
Lane among the Colonial produce
brokers, who began to trade among
themselves and friends shares of pio-
neer companies. At first they dealt
over the telephone new method 81
speculation which is assuming large
proportions. Then they tried the
experiment of biweekly market
| which had grown from the origina
dozen to quite a considerable crow
: "The Mincing Lane end of the boon
was thus comparatively substantial
: 1t was held up by men who know anC
, thoroughly understand all the condi
lions under which rubber is produce
and marketed, but when the StocI
. Exchange took hold the new crowd
. rushed in and in various ways caugh
= on to the boom.
First came the professional jobbel
+ who did not pretend to know or car
anything about rubber and though
G only how to make market and &c
e his turn out of it. Next came tn
). speculator who bought anything an
. everything which promised to rise
n At last the crush of spectators be
a.: came so violent they bought whateve
they could get, no matter what tn
- name or price might be.
Lastly came the company promo
ter, with an inexhaustible supply I
" new shares on old rubber trees pa!
yielding, young trees not within sig
% of yielding, land newly planted, Ian
. not worth planting, all capitalized a
u prospectus Linggis or Vallambrosa
: That is the stage of the rubber ma
IS ket now, a furious gambling in oil
h shares, still more furious subscrih
II ing to new, going on side by side
e Authorities differ as to how niue
further it may go; how much long(
it may hold out.
a above and beyond these speculi
J. tive dangers looms the much more 81
% rious one-the risk of some effecti'
:, substitute for rubber being broug
out. More than one substitute h
been discovered This week Il
most promising of them came to ma
ket A new elastic material inventC
q by a German engineer, Herr Pheum
~ of Salzburg, subjected to a severe te
7u so completely satisfied the Dunl'
q Company that they contracted
5h make and sell pneumatic tires und
ey royalties, and the no less importa
We firm of Harland & Wolff has unde
taken to manufacture tires, life bel