The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1912-09-03
COMMERCIAL
STOCKS DULL
AND IRREGULAR
Steel Gains, Copper Loses, anc
Railroads and WooIens
Drop a Little.

(By Federal Telegraph Wireless.)
NEW YORK, August &c. Special \
to The Advertiser stocks were dull !
with an Irregular tendency at the open
ing Of the day i market. steel selling
eX-divideuds, gained slight fraction 1
with losses in copper, Northern Paci /
lic and Louisville a Nashville. Apart |
from its extraordinary dulness the |
market presented no features other
than increased weakness in Louisville /,
4 Nashville and an abrupt decline in !
wooden, preferred
The extreme idleness Of today :
stock market clearly reflected the in
huence of the approaching holiday, al.
though the Texas indictment against
the Standard OH Company, the official.
" reported frost in the Canadian wheat
belt, opposition to Canadian Pacific
stock increase and the indictment of
the president Of large New England
textile mill on labor conspiracy charges
offered food for reflection.
Holiday for Brokers.
NEW YORK, August 30.-(Special
70 The Advertiser 1.-The New York
stock exchange will be closed Saturday,
and also September 2, Labor Day.
By Federal Telegraph Wireless.)
NEW YORK, August Special
to The Advertiser All grades of re.
fined sugar from No. ! 10 No IS were
reduced ten cents hundred pounds 10.
day. Raw sugar firm, Centrifugals,
SO test, 4.23 cents; Muscovado, 80 test,
1913 cents; mOlasscs, 80 test, 3.4s cents.
Refined irregular.
(By Federal Telegraph Wireless
| SAN FRANCISC q, August 3d.
Especial TO The Adyertiser) Closing
quotations on sugar stocks were today
as follows:
Hawaiian Commercial, bid 435s; la.
waiian Sugar, bid 4O1a; Honokaa, bid
! l0M, asked MS Hutchinson, bid
2lM; Rilauea, asked n; Onomea, bid
50H; Pauahau, bid 23j Union Sugar,
asked 33.
Oil stOcks-Amalgamated, bid sOj
Associated, bid 1874, asked 4fH.
Unlisted StOck-Honolulu Plantation
pool, sold at 80, closed at 3sA bid,
30M asked.
i Mining Stock -Atlas Wonder IN.
changed.
Willett & Gray's journal IN It's issue
Of August 10, takes the ground that
the failure TO agree of the congressional
confeTees on the Sugar Bill precludes
any sugar tariff legislation during the
, life of the present congress. although
the rival bills are left in such shape
as to be taken up during the short ses
sion If desired. The sugar journal
under date of August ~, says:
"Any action on the sugar revision
bill has been pronounced impossible by
lenders of all factions in the senate
and house. The measure will be pigeon
holcd until the Teassembling Of congress
next winter, and unless a mateTia
, change in sentiment takes place, moth
/ ing in the way Of perfecting com
! promise can be accomplished AT thu
, short session from DecemLer to March
. II seems absolutely certain that no fur
theE steps in the direction Of reyisnl
the sugar schedule can be taken unit
a new congress comes into existence.
" a conference report remnins aliyi
until the termination Of q congress
This will peTrit te conferences Il
! take up the suqor b.il at my futur
time prior TO Mareh 1912"
The annual report OF the manage
ment Of the Oahu RaiWly anl Lam
Z Company, read at the meeting Of tb
shareholders yos to-day, was a crafty
+" ing one Tlg net earnings for 1871
s were sI92 $40 whiic iar the year end
d ing june 80, 1912, they were sj37 1924
or an increase Of $l45,579. The surplu
!, of 8277,924.B4 includes "A B507G6 stool
. dividend and is above fixed charge
g snch as interest $3269,l4; interest o
u bonds 100000, taxes accrued &65s94Ol
/, The surplus at the close of the 6sca
, year wae $277 92fG4 Since June 3
u the directors decided 10 increase th
Is capital stock TO $5000,00o, or a roun
d million dollars and TO do this they ii
r. creased the fee simple value OF th
company 5 lands s255,5l5,75, Whie
j added 20 the surplus Of 1911, 1851
e. 1901 and thhe surplus June 80, 1911
If S271 1866 brings 8l,0D0,5s 80 whic
A represents the incidental income Of III
~ company. The gross earnings of II
ID year were derived from
80 Railway department a..,s 50033.a
no Revenue other than trans.
pOrtatlOn ,tt..tttttff Dl,DQ2l
81 taD '''',,''..'...',., l2o,5aa.'
m Ranch department (net rev
~ enue) ...........,, Is Ace,
o Earnings from securities 37,a35l
be sl,2Q7 ,i25l
nc The company las paid a fegu
pc dividend Of . peT cent
il The vast improvements incidental
the Wnipam mt on aud the add
equipment necessary for the moYeme
er Of freight and passenger frame VII
~ polNp o heavy expense which The ma
90 eial rendition pf he company ne
~ 10 meet,
~
~ on pHAHaH'
~ rberp were sale Of Hon, y s "
8al.a and 81 Qlaa "a 47l1 iuung /
afas.on yesterday and ln ihe altarna