Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-02-15
COMMERCIAL NOTES

COMMERCIAL NOTES
Pioneer Mill Company will have
crop CT $4,000 tons of sugar this year
to the estimates of l..
WeinZheimer, manager. in his annual
report. The past years crop was 2S,-
400 tons at an average polarization
OF G6.77 degrees. There was much
scarcity of water the past year, owing
to the drought, which accounts for
the short crop expected this; year.
Large extensions OF reservoirs and
bitches are planned and partly under
way. In connection with the retiring
of $750O00 of six per cent bonds and
the issue of 100000 five per cent
bonds to refund the remainder of
the bonded Indebtedness, 1885, 900 was
taken from the general fund of the
company to make up deficiency in
the sinking fund. Officers for the en-
suing year were. reelected from last
year as follows: J. F. Hackfeld,
president; D. PR. Isenberg, 1st vice
president; H. Focke, I'd vice-presi-
Klamp, secretary; A. Haneberg, aud
itor; these, with the exception of the
auditor and the addition of J. A. Nc
Candless and P. Muhlendorf, consti-
tuting the board of directors.
The receiving slot for city delivery
mail has been changed from the Mer-
chant street side of the postoffice to
position alongside Of the stamp
deeided > Improvement, as heretofore
the slot was the hardest thing to find
by stranger in the whole arrange
lent. What is equally good is that
the new slot is made so that letter
or paper entering it will reach the
basket inside without having to be
poked down with a broom handle or
something, as was the case with the
the old one.
Every postoffce wogan or other
Tehicle must be painted red, according
to a decree of Postmaster General
Hitchcock. To try out the new color
Mr.. Hitchcock ordered some of the
city wagons painted red.
The wagons, wine colored, were taken
TO the pos,otfice building for his inspec-
ton. Take them back and make
them red-red-without any. sort of
l.. end" said the postmaster general.
Honokaa Sugar co. elected these
officers and directors: F. A. Schaefer.
president; w. H. Baird, vice president
r. P. Rithet, End vice president; w.
LAM. treasurer; J. w. Waldron, Sec
rotary, James Greig. assistant secTe-
tary, Audit Company Of Hawaii, au-
ditor Directors-F. A. Schaefer, W.
H. Baird, w. LAM, n. FOcke, G. Ro-
Giek, E. H. Wodehouse. ]. W. Waldron.
Closing quotations OF Hawaii of TIa-
waiian stocks in San Francisco yester
day were as follows: Hawaiian Com
merciaL "a bid; Hawaiian Sugar, $3.50
lid; Honokaa. 7.12 1-2 bid, s asked;
1850 bid; Kilauea, IL bid:
Cnomea, 80 bid, $3.50 asked; Paauhau,
1C. So IL bid; Union, 27.50 bid. so ask
ed; Honolulu Plantation, $3.50 asked;
Honolulu Oil, 1.22 asked.
From interviews with local bankers
by the Star-Bulletin, it is gathered
that there will probably be an ad-
vance in interest on loans before long
Some degree of scarcity of money is
the reason For loans on real estate
the prevailing rate is seven
per cent when the amount and term
are considerable, and eight per cent
for small loans and instalment pay
ments.
An event of cordial Importance to
business and promotion was the visit
of the Hamburg American excursion
steamship Cleveland. lasting from
Wednesday morning TO Thursday af-
ternoon. This is the second visit OF
the mammoth pleasure boat in few
weeks, on this occasion the Cleveland
being out from San Francisco for an
other tour around the globe.
There was great improvement in
the New York stock market Yesterday.
Prices of both leaders and secondary
stocks were better than the day be-
tCre. The market closed cay.
At a special meeting of the stock
holders of the Mutual Telephone Com
Dany. it was resolved TO increase the
capital stock from 100000 to $3.50.
900. The additional stock will be
placed in the treasury. TO be issued
r, h. DF
and the purchase OF
phones While but 100000 will be
needed this year for improvements in
Honolulu. it was deemed we'll to pro