The Maui news. [volume] (Wailuku, Maui, H.I.) 1900-current, 1911-02-18
Honolulu
Newsletter
Racy Paragraphs From the Capitol On
Current Topics.
(By w. F. sabin.)
Honolulu, Feb. ID.

Madame Calve as an lndlcatlOn
of this.week's financial condition is
not at all inapt, though some folks
are talking about money being
tight. 1t seems that everybody who
wants to hear the great singer
manages to get the price of admis-
sion, from thirty-dollar box to a
dollar seat in the peanut gallery,
the only difficulty being in getting
the seats, for the houses are booked
full for every evening of the engage
ment. So moneys not so tight
after all that is said by the middle
man. The banks are prosperous,
conservatively prosperous, as is the
the Honolulu custom; and a custom
that has always made for good re-
suits and has saved Honolulu many
time from those nervous flurries
which would otherwise whip bust
ness men into undue excitement.
There is not much doing in sugar
stocks, but then sugar stocks are so
high that there is not likely to be
anything transpiring until the mar
ket eases a bit, and that situation Is
not Immediately in sight with the
annual meetings about to be held
and excellent reports pouring in OF
great crops and improved condi-
tions.
RepresentatiyeAffon of Hawaii,
announces that. he is interested in a
new inter-island steamship PROPOSE
ton whereby there will be placed
on the run between Hawaii, Maui
and Oahu, about the first of next
year, steamer somewha: larger
than the Mauna Kea, to compete
with the boats of the Inter- Island
Steam Navigation Co. in the carry
ing of the products of diversified in
dustries, such as bananas, rice, cot
ton, coffee, potatoes, corn, pine
apples, lumber and general supplies.
Sugar is not likely to be handled,
probably for the very good reason
that there will be no chance for the
new line to carry sugar while the
Inter-Island exists. Alfonso states
that the money to float this new
line will come from Portugal, and
will be secured with lands in Ha-
waii as pledges, the Portuguese of
the Island of Hawaii and other
islands having agreed to come into
a company to establish the new
enterprise.
G. G.. Guild, OF the American
Hawaiian Paper Company, has been
queried by eastern capitalists as to
the opportunities here for the erec-
tion of pulp mill for the purpose
of making paper pulp from bagasse
or sugar cane waste. Mr.. Guild
believes that there is much money
in a venture of this kind. He
states that while it would not be
feasible to start paper mill here,
owing to the fact that there would
be no local market, and on account
of the expense of other elements
needed in the manufacture of the
paper, there would certainly be a
splendid market abroad for the pulI
made of the sugar cane waste, the
pulp being used by eastern paper
manufacturers in various grades d
paper. The cane waste is now used
altogether for fuel and is estimated
to be worth about one dollar tor
as such, figuring on the amount o.
oil that would be used in the place
of bagasse were the bagasse sold tC
the pulp mill. This could be sole
to the pulp mill at considerably
more than dollar a ton and, after
being made into pulp and shipped
east, there would be profit in tn,