The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1910-02-25

INST, treasurer \. w. Il, BOttOmley
made the following statement:
"Of the bond issue of $2,500,000, 81.
100000 was used to refund the out.
standing former issue of that amount
"The remaining $l,250,OOO were dis
posed of and the proceeds applied in
reduction of the open account due the
agents, Bishop & Co.
"There have been shipped to date
on the 1910 crop, 5000 tons of sugar.
"After crediting the proceeds of
this sugar and of the bond issue, as
above noted, to the agent IS account,
the balance due the agents as of Feb
ruary "a was $6l1,000
"Of this amount, $4s0,000 was for
advances made by the plantation TO
outside planters, all of which would
come back to the plantation from crops
as they were ground.
,"Deducting the amount of these ad-
vances, viz: $4s0,000, from the amount
Z, of the debt due the agents, $6l1 900,
would leave net floating debt on plan
tation account alone, as of February
"a, of only $l31 ,000."
The old board of directors was re-
elected, viz: L. A. Thurston, presi-
dent; w. F. Dillingham;, first vice.
president; A. w. Carter, second vice
I president; A. w. 7. Bottomley, treas
urer; A. w. Van valkenburg. secre-
, tary; j. Harris Mackenzie, director,
and Robert Cation, director.
SUGAR QUOTATIONS.
Not since 1905 has the price of sugar
been as high at this season of the year
as it is at present. Quotations receiv-
ed yesterday show centrifugals at 4.S6e
or $S7 20 a ton, an advance of $1.20
per ton over the last reported price.
Beets also advanced half penny, the
latest quotation being 13s. 91ad. or
1925 ton.
On February "a, 1905, centrifugals
were quoted at 5.25c or $l05 per ton
and beets were los. Cd. or sos. 40
ton on the New York market. During
the intervening years no such figures
have prevailed for this season of the
year however. Quotations for five
years past follow:
February "a, 19O9-96 degree test
centrifugals, 3.7Sc. or $74.6O per ton;
So analysis beets, los. Sd. or $S3 20 per
ton.
February "a, Os-Centrifugals g.
soc. or SO per ton; beets 9s. 9& or
$Sl. 20 per ton.
February "a, 1907 Centrifugals, 3d.
3sc., of $67 go per ton; beets, IS.
Ind, or $77.40 per ton.
February "a, 906-Centrifugals, 81
55625c. of $7l.12h per ton; beets, IS.
2Hd. or 1920 per ton.
February "a, 1905-Centrifugals, g.
, 25e., or $105 per ton; beets, los. Cd.
or $10s.4O per ton.
NEW INTER-IsLAND SHIP.
There are excellent chances that the
InterIsland Steam Navigation Compa.
ny may build another ship of the type
of the Mauna Kea. At the annual
meeting of the stockholders of the com
pany, held yesterday morning, the mat
ter was discussed at some length and
the proposition is reported to have met
with some favor.
At the stockholders meeting a year
ago the question of new ship came
up, but it was decided that the time
was not then quite ripe to build another
ship of so pretentious type as the
I
growth and increased business have
placed a different aspect on the state
of affairs, however.
The following officers and directors
were elected:
j. A. Kennedy, president; j. A. Nc
Lean, vice-president; Norman +. Gedge,
secretary and treasurer; George n.
Wilcox, Albert S. Wilcox, j. NJ. Dow
sett, w. o. Smith, Cecil Brown, G.. H.
Cooke, directors.
EVA STRONGER.
Eva is again on the upward path.
Sales yesterday during the session of
the Change at 1925 and that bid at
closing time failed to secure any shares.
Holders We're demanding 34.375. Be-
tween boards the stock sold at 81 and
34.l25, but no one had any to sell at
that price when the session was called
to order The sales of this stock yes
terday totaled 475 shares.
Oahu sold between boards at $3.50,
drop OF twenty-five cents per share
from the last recorded sale price.
During the session sales were made at
the three-quarrers, however, and the
quotations noted on the sheet were
1878 bid, 36.s75 asked. Three hundred
and forty-two shares were sold in all
: Five shares of Pioneer were sold dur,
ing the session at 222.50, an advance
of dollar and half over the price
at which the last previous sale was re
, corded. This price was the bid record
ed at closing time, but holders Were
offering none Of the stock at less than
225.
Thirty.fye shares of 0laa sold al
ds75, price which has become pretty
well established Of late. The closing
quotations were 6.s75 bid, asked.
Five shares Of Paia sold during th'
session az 1880, drop Of dfty cent
per share from the last recorded sal,
price, the closing quotations wer'
, 1890 bid, 1888 asked
one hundred and Dfieen hfty WA
u A.