Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1910-02-26

Honolulu on account of the remarkable
exhibition presented in the last two
days. of stock prices hesitating II not
actually dropping in the face of the
highest and most reassuring price for
sugar that has prevailed during the
whole season.
An explanation Of this may be found
in the very general holiday to which
the people of the city devoted them
selves the early part of the week.
Seldom II ever has there been such
town on washington's birthday. Even
the Christmas season was equaled in
the universally with which the peo-
pie gave themselves up to the two
days and nights of celebration occu.
pied by the Floral parade and the
events Of the Elks carnival.
The hotels are filed with tourists
and many residents of the other, isl
ands arranged to come to town in
order to combine pleasure with the
little business they might do
From business standpoint the cele
bration was interesting as demonstrate
ing the financial ability of the people
to make very creditable showing in
the Floral parade, and also the wide.
spread prosperity that must rule to
enable such large number OF persons
to indulge In the attractions Of the
carnival.
There is no doubt that properly han.
died the Parade and an accompanying
carnival can be developed into more
elaborate amusement feature that will
be Of decided financial value to the
merchants of the city, besides being
a good thing to get the people Of all
classes together and make them feel
that all have a community Of interests
in all that goes On.
Following the celebration annual
meetings Of the sugar plantation com.
panies have kept the stockholders, and
managers and gents interested and
busy. Every sugar corporation has
something pleasant to report this year.
Oahu was one OF the first plantations
to hold its annual meeting. The re.
port shows that the plantation has
made good progress despite the fact
that Il was one OF the chief points OF
attack during the labor troubles of
1903.
Kahuku held its annual meeting on
Wednesday and reported very sat
, isfactory condition. It is rumored that
3 the capital stock of this plantation may
be increased during the comiSg year
Waimea and Kekaha plantation com
panies held annual meetings on Thurs
day. The Kauai plantations have done
well the past year. Special progress
has been. made at Kekaha through
the water development and bringing
more fields under cultivation by irri
cation. Waimea reports most satisfac
tory labor conditions as result OF
It's system OF handling nearly IL not
all Its cane through a contract with
a japanese planting company.
Olaa's stockholders also met on
Thursday afternoon. This plantations
condition Ia epitomized in the remarl
at the close of Manager Watts re
port that the outlook for the planta
ton is more promising than II has
been for many years" This from
such conservative man as John Wat
means more than an outburst OF en-
thusiasm from the average enthusiast
Olaa will harvest twenty thousand ton!
nj ha mn \
of profit will be larger than ever be
fore on account OF cutting down tn,
expense as well as because of the high
err price Of sugar.
Treasurer A. w T. Bottomley mad,
the following statement regarding tn
new bond issue that is not dealt will
In the annual report:
"Of the bond issue of 81, 500 900, 81,
100000 was used to refund the out
standing former issue of that, amount
The remaining sl,25O,O0O were dis
posed of and the proceeds applied IL
reduction of the open account due tn
agents, Bishop & Co.
There have been shipped to dat
on the 1910 crop, $500 tons of sugar
after crediting the proceeds O
this sugar and Of the bond issue, a
above noted, to the agents account
the balance due the agents as of Feb
ruary "a was $6ll,O00.
"Of this amount, $4s0,O0O was 70
advances made by the plantation t
outside planters, all Of which woul
come back to the plantation from crop
as they were ground.
"Deducting the amount of these I'D
vances, viz: $4,000 from the amour
Of the debt due the agents, 6ll,OOC
would leave net floating debt o.
plantation account alone, as of Febrr
AIRY "a, OF only $l3l,OOO.'
On Friday Waialua's stakeholder
listened to a very favorable report o.
that property. Waialpa's balance shee
shows good profits and there is N
doubt that the property will pay tel
percent or more during the comm
lA,T IN,