davidaulloa/AmericanStories huggingface dataset:
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-09-20

The Trent Trust Company has col
lected some interesting figures on the
sugar crops of the plantations which
are included in their commercial bull
letin this week A brief review Of the
stock market is given at the opening
of the bulletin. The following is the
review and the crop figures:
The sugar stock market has shown
no change for several weeks past.
The passage of the Underwood Free
Sugar bill in the senate by a vote Of
A TO 81, during the past week, was so
largely discounted, that it caused no
change whatsoever in the complexion
of the market According to press
reports the conferees have agreed up
on the sugar schedule, and the bill
VIII probably be signed by the presi-
dent and become law by the end Of
this month.
One reason for the lack of activity
in the market is on account of the alb
sence of the usual dividend disbHrse-
ments, which heretofore have been
available each month for re-inyest.
rhent There is something over $780,
600 less per month being paid out in
dividends this year than last year, on
listed sugar stocks alone. The small
dividends of this year are only suf.
ficient for living expenses. and leave
very little for investment purposes.
Honolulu Consolidated Oil has been
quite active, sales having been made
in the local market at $40 per share
during the past year. At this writ.
ing there is some little demand for
/ the stock nt this price.
Nearly all Of the plantations whose
capital stock is listed on the Homo
lulu Stock & Bond Exchange have
finished grinding for THE year, and
the final figures offer interesting
comparison with previous production;
Eva Plantation Company: The 1913
crop should run within a few tons of
%, S19 tons of sugar, which Includes
the crop of the Apokaa Sugar Com.
pany. This was harvested from 1888
acres, including 50 acres Of Apokaa
land. In 1912 Eva produced 32,343
tons from 1916 acres. an area slightly
smaller in extent. The managers es.
innate viii likely call for 10000 tons
for the 1914 crop.
Hawaiian Commercial & Sugar Com
pany: The effects OF the past two
years drought are particularly no
ticeable< In the returns of this com
pany. From approximately $3.50 acres
harvested an outturn of 50,310 tons OF
sugar resulted. In 1912 60.010 tons
we're produced from 6577 acres. "A
conservative estimate of the 1914
crop would be $4,000 tons.
Maui Agricultural Company Haiku
Sugar Company, Faia Planfationl i:
These plantations suffered most Sc
verely from drought during the grow
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-09-20
COMMENT AND SUGGESTIONS
TN THE WORLD OF FINANCE
BY HENRY cLEws.

case of other lines of business, by
compensatory advances in traffic
rates.
The business situation in many re-
spects resembles the financial situa-
ton. Conditions are decidedly spotty.
In some sections business is good and
even exceeding the volume of year
ago In other sections the results are
disappointing and the volume of trace
is shrinking. Clearing House returns
in many cities show declining percent
ages. although this. may be partly at
tributed to q shrinkage in speculation
or to lower commodity prices rather
than to any diminution of legitimate
trade. In the great textile industries
there have been signs of renewed &C
tiyity;. and. tariff UNCERTAINTIES ex-
cepted, the outlook was decidedly
more encouraging. This, however, has
been checked by the violent rise In
cotton, as well as advancing prices
for nearly all textile raw materials.
Reports in the steel trade are some
what contradictory. There has. been
some slowing down of deliveries; = but
on the other hand new orders have
been coming In freely, and the month
of August shows fair increase over
the same month year ago. August
is usually period of dullness in this
industry; yet reliable reports from
Pittsburg say that the situation is ex-
ceedingly encouraging and lower
prices are stimulating a liberal in
crease in orders. The chief difficult
les encountered are the high cost of
new capital and tariff uncertainties,
which may affect our ability to com.
pete abroad and also lead to larger
importations of certain steel products.
lit remains 10 be seen what effect re-
cent crop injury will have upon gen.
detrimental in the sections most ar
fected, though other sections where
crops have been good will continue
their onward progress, and will bene-
fit from higher prices. AS result
of smaller crops than expected, the
anticipated demands for money will
be correspondingly reduced; so that
the chances of financial stringency
this fall are still more remote.
At home and abroad the monetary
situation is growing more satisfac
tory. The strength of the Bank OF
England is remarkable, and decided
ly better sentiment prevails in finan
cial circles in London. The same is
true on the Paris Bourse, and in both
markets there is an encouraging re
turn of investment buying. While
the Balkan situation is gradually set
ting down to a quieter basis. the fl
nancial problems resulting from the
war still require solution; and the
borrowing n-foreign account has only
been restrained by fear that any fl
nancial aid to the former belligerents
at this time might stimulate a fresh
outbreak of hostilities. Mexican a
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-09-20

this provision il is suggested that the
board shall be composed of the sec
Rotary OF the treasury as an ex ohicio
member and six others, Of whom
three shall be appointed by the presi-
dent and three by the member banks,
the terms of Office being fixed at
three, six and nine years al, the. out
set and nine years for all members
after the first term. 1t is further sug-
gested that the directors of the re-
gional banks be authorized to elect
their own officers, who with the fed
eral reserve agent designated by the
Federal Reserve board shall manage
the institutions; that the appointed
Of the Federal Reserve Board shall
not act as chairman of the board of
directors Of regional bank, but shall
transact the duties of a government
representative, and that three Of the
directors OF such bank shall be expe-
Erienced IN banking and live within
The district. AS corollary to the
changes suggested, 1t Is recommended
that the proposed advisory board Of
bankers be abolished.
The report further recommends
that the authority of the Federal Re-
serve Board over rediscounting by re-
serve banks be made optional instead
81 mandatory; that reserve banks be
prohibited from rediscounting paper
drawn Tor the carrying Of securities
other than stocks and bonds; that
the cumulative dividends allowed
member banks out of the earnings on
49,. -l<>->- A. <Ho .f,dr,.ol rocor-vn
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-09-20

INTERESTING FIGURES ON SUGAR
CROP Contained in TREIyTRUSTICS

ing period OF the cane harvested this
year. resulting in q production of
nearly 10000 tons less than last year.
The actual production this year is
1858 tons, which was harvested from
approximately 4170 acres. The esti-
mate for next year is now placed at
$4,000 tons.
McBryde Sugar Company, Ltd:
McBfyde oyerran the estimate some
what this year, with an outturn of
1855 tons OF sugar, harvested from
2100 acres. Last years crop only
went 1891 tons from 2736 acres. In
1914 an excellent crop is anticipated;
at this writing the estimate is placed
at $4,000 tons.
Oahu Sugar Company, Ltd: Tbs
latest returns show. an outturn this
year of $4,000 tons, but it is likely
this will be increased some so odd
tons, when final figures are received.
This is from 4274 acres. The manag-
er's estimate Of this crop called for
Is, 900 tons. Should weather continue
favorable Oahu should harvest good
crop in 1914, the acreage Is larger.
and an outturn. OF $4,000 tons is pos
sible.
Olaa Sugar Company. Ltd: The
harvesting Of Olaa is still in progress,
with a likelihood of continuing until
the middle of October. Up to date
60, $50 tons of sugar have been pro-
duced, of which amount $4,000 tons
have been shipped and 1850 tons are
still on hand. The crop, according to
the company, should go about $4,000
tons. The acreage harvested for this
year Is 6S25 acres.
Onomea Sugar Company: Final
figures show an outturn of 1888 tons,
against an original estimate of 1880
tons. This was harvested from about
1854 acres CT Onomea Sugar Company
land, and 1885 acres farmed by out
siders. While it4is early to make an
estimate of the 1914 production, the
management expects at least $4,000
tons. The acreage for next year
should be practically the same as this
year.
Pioneer Mill Company, Ltd: The
1918 crop figures show production
of 81, 800 tons from 1928 acres harvest
ed. This is quite an improvement on
the original estimate of $4,000 tons
given in the managers annual report.
At this writing the management an.
ticipates crop Of between $4,000 and
$4,000 tons in 1914
sWaialua Agricultural Company,
Ltd: The final returns from Waia,
lua have not been received. but the
crop viii come within few tons OF
$500. The managers estimate oil
this crop was Is. 500 tons. The crop
was harvested ffoik about $3.50 heres
Next years estifnate Is placed at 80.
900 tons. =
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-09-20
HONOLULUCONSOLIDATEDO| OIL
Y ISVERY ACTIVE During week

cisco capital is being spent here for It
The gains made In the stock are at
-tributed TO the good condition Of the
field and the prospect Of the company
paying Itself out Of debt by the first
CT the year.
Trading in sugar stocks fell eli
sharply. Where the proceeds frosl the
sales Last week amounted to so .332
the total amount OF business done dur.
ing the last .six-day period was 1921.
In addition to that, however. there
was a little trading in Oahu II iway
& Land Company IS and Mutual Tel
ephone 6s. Two bonds Of each were
sold.
The following shows the stock
sales and the prices obtained:
90 Onomea 21.50, 10 Oahu 1880. lie
Olaa 1.121z, 10 II. b. q NJ. 2O.75. 20
Hawaiian Commercial 1850. 10 Waia
Iua 10, 10 Oahu Railway 1880. and
% Hilo Com. 4. Pioneer opened with
q sale of 30 shares at 1915 and closed
with sale of 5 at 1895.
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-09-20
Trading in Sugar Continues
Light with the Prices
Unimproyed

While trading In sugar stocks has
been light during the past week, with
prices unimproved, there has been
considerable dealing in Honolulu Con.
solldated Oil. and rapid gains have
been made in that stock during the
six-day period ending Friday
At LES the stock was offered near
the first of the week, which is a fig
lire considerably In advance of the
price II controlled a fortnight ago A
large amount Of the stock was dis
posed OF, as rule In 500 or 1000
share lots, Thursday and Friday at
1.75. and Che market was soon cx-
hzusted of the stock at that price.
According to report received from
San Francisco, none Of the stock is
on the market there. and in the opin-
ion. OF number Of brokers. San Fran
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-09-20

The stock market has had to face
an unusal and entirely unexpected
combination of unfavorabIe circum-
stances this week. These included a
bad bank statement; a worse cotton
report than anticipated; continued
unfavorabIe weather in the crop
growing districts; another sad acct
dent on the New Haven road; disap-
pointing net returns on several inn
portant railroad systems; a new Gov
eminent suit against Reading. and a
sharp advance In cotton and grain. OF
course prices gave way, under such
IAN accumulation of drawbacks as
this; and yet the market displayed
surprising resistance. There were
fortunately some Offsets. The bad
bank statement was assumed to be
partly due to preparations for diyk
fdend disbursements and large syndi-
cate operations, both of which were
incidents of a temporary nature. The
damage to crops was a more serious
factor, and undoubtedly exercised a
really detrimental effect; although It
was argued that in many regions
growers would be more than compen-
stated by the higher prices received.
| It is believed that when the harvest
lis completed the results will show
fair average yields. and no real crop
disasters. Early damage reports are
usually exaggerated, and the govern
ment is quite apt to underestimate
final yields; besides which both cot
ton and corn have chance for par
ltial recuperation should the drouth
mot be too prolonged. AS for the New
Haven accident, deplorable as 1t Is,
lit will result in new and better stan
dards of railroad management, par
| ticularly in New England. The New
Haven road is already under new
management, and there is good reason
to believe that new policies and
changes of remedial character will
be put into force vigorously at the
earliest possible moment. So far as
poor railroad net earnings are con-
cerned, this, too, is somewhat ser
ious matter The railroad situation,
ike the business situation, is some
what spotty. Some roads are doing
well, gross and net; others less fay'
orably situated are having hard
struggle to maintain dividends. and in
a few cases reductions have been
necessary. 1t is inconceivable that
the Interstate Commerce Commission
wishes to do persistent and intention.
al injustice to the railroads; because
even from political standpoint this
would be injurious to that body, for
the reason that if the railroads and
their service are permanently Grip.
pied, the public will sooner or later
find out where to place the response
blllty. The tremendous rise in rail.
road expenses out of all proportion to
the growth of income is one that the
companies can meet only, as in the
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-09-20
COMMERCIAL ITEMS

q ABzBH HEEaE sgEzz 9
b James Taylor has sold lot In, the
Kapiolani Park Addition tract to
Charles lehman. Jr., the considers
tion being $1,000. The property is de-
Hscribed as lot No. rs in block A. The
deed has been put of record.
The Glenwood creamery of the
Olaa district anu Hilo is to be moved
to the latter town according to an
agreement reached by the stockhold-
ers of the concern lately. An eight
year leasehold has been secured on a
piece of property near the Jail.
The large Canadian fish and cold
storage plant recently established
near Prince Rupert, British Columbia,
is employing 500 men and operates
Eve halibut vessels and feet of gas
oline launches. 1t recently sent a
1000-ton vessel to Boring sea for gray
cod, which will be converted into salt,
ed and homeless brick cods 1t is re
ported that the plant contains at pres
emit over 1909, 900 pounds o. frozen
herring and 100000 pounds of frozen
halibut, and is freezing on an aver.
age 100000 pounds of halibut weekly
1t is proposed to put up this season
1000 tierces Of mild-cured salmon
A cattle exhibition, to be held In
the city of Palermo, Argentina, under
the auspices of the Argentine Agricul
tural Association, is scheduled for the
present season. Both Argentine and
English cattle raisers are to partici.
pate in it. Many finely bred speci
mems are included in the cattle to be
exhibited by the native ranchers, and
it is expected that competition fol
The prizes will be keen. Cattle from
Peru. Brazil and Chile are to be ex
hibited also.
Recent estimates place the number
of cattle in the Argentine at 10000
900 to 35.000,000. Many blooded cat
tie and sheep have been imported in
the last few years. Statistics com
piled not very long ago showed that
there were somewhat more than $50.
00O, 900 acres of land suitable for agri
cultural and cattle raising purposes
wnlch amount comprises about one
third of the total acreage of the
country.
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-09-20

fairs at this writing seem to be pro
crossing favorably, though 1t Is nee
essary to be on guard against any
sudden outbreak In this quarter. At
home financial conditions are gener-
ally sound, and the outlook is encour.
aging apart from the slackening of
business. here and here. and the oc-
casional necessity for further liquida-
ton or going slow. As result OF
political, monetary and crop uncer-
tainties the country Is still moving
slowly. This was emphasized by the
new interpretations in August, which
amounted to only s118,179,000, com
pared with '$212, 895, 500 a year ago.
Here Is a very decided slackening of
enterprise; a tendency which is not
entirely welcome but Us necessary
and is positively curative In It's .ulti-
mate effects.
For the time being stock market
operations should be conducted with
canton. The market has now lost
the support which was necessary to
carry the UniDn-Southern Pacific dis.
solution to successful end. The
local bank situation may net be en-
tirely satisfactory, as the banks have
again lost to the treasury and by with.
drawals of interior balances. Intrin.
sic conditions are sound and much
more confident nnlertone exists than
has been the case during the last
twelve months. This was strikingly
Illustrated by the few stocks sold up
on unfavorable news. The market ap-
pears much more responsive to slim.
ulating than to depressing events.
This Is significant ana h0peftl New.
ertheless, as just said, prudence de-
mands conservative action until
Mexican and crop uncertainties have
passed. and until more definite news
is had regarding tariff and currency
prospects.
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-09-20

9 kEENEzRBaaERzsE
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-09-20

The rumors concerning the proper.
ty which j. H. Hertsche expects to
have syndicate buy and on which
he proposes to erect splendid hotel
caused him to make statement be-
fore sailing Saturday that he had four
pieces of property under considera.
ton. Upon one of these pieces he
says he viii decide for a hotel site.
The, four are beach properties says
Hertsche.
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-09-20
Coming to Honolulu

Capt. Cherry kearton, Roosevelt's
aide in the Big Game Expedition to
the wiIds Of India and South Africa,
capturing Lions, Tigers, orang ou-
tangs, and fierce Beasts Of the Jungle
without the aid of ammunition.
Caught in their lair by the Moving
Picture Camera.
New-York tribune., 1913-07-20
MUSIC BOX BAIT FOR BASS
Combined with a Pretty Girl S
Face It Lures Fish.
- T..eer-nh . - r--n1nc

Sharon. Ienn. July l9.-E. Z. Wright
and Pyatt Huber. two disciples OF
Izaak Walton. have invented a musical
uinnow for bass fishing. The new de-
vice is described as a wooden minnow'
and instead Of the usual spinner in
front there is carved out { face OF
pretty girl. I'm front Of the face Is
miniature electric light, the power for
which is furnished by a dry battery
carried I'm the pocket Of the fisherman
There also a nall clamp in front Of
the hook TO e iow light on the bait
which hangs on the under side
The minuow is painted red, and with
i'm il is tiny music box, the playing Il
which is regulated by the fisherman
before ho casts his line.
The invent rs say they adopted the
idea because they found while nshins
in the Tuscarawa River that the bass
were attracted by the ringing Of a COW
bell. ~hey declare that the music box
is a great improvement on that idea
and that they have had marked success
with it,
New-York tribune., 1913-07-20
THREE THE DEATH TOLL
OF HOT DAY At BEACH
BatherS Perish at ROCkaway,
One Dying from Heart Disease
as LifeSaver Reaches Him.

The returning heat Of yesterday
brought another fatal day TO Rock
away Beach. The inviting coolness OF
the surf lured three victims to their
deaths and almost caught four others.
Emil :. Florenzie, Maiden Lane
i,weller, was among the drowned. MI
Florenzie had a pretty home on the
ocean front, in Pelham avenue, Rocka-
WAY Park. where he lived with his w!te
and two daughters. lie was regarded
as q good swimmer, and was In the
habit Of taking a dip daily before
,ourneviug 10 work in the city Hester-
day morning he delayed his ocean oath
until Q o'clock, as he had determined 10
spend the day at home. When he ala
NOT return for more than an hour his
wife became anxious. but quieted her
fears with the thought that he was
doubt,ess summing himself on the beach
with friends. Half an hour later MS
bodv WAS washed ashore at the foot or
Eiftb avenue. half a mile east of his
q
house II was Identified at Truddens
Morgue.
The afternoon had scarcely begun
when Samuel Roland Seaman nineteen
yo,rs old Of No. 800 Rockaway Beach
boulevard. heard the cries Of Samuel
Rumberg. who had ventured beyond
,ho rfa lines at the foot OF Holland
o,..ruo Leaving an intoxicated indi-
,fdral whom he had Just G-lgged from
the billows. Seaman plunged in atter
p,,,nberg and reached him as he sank
eo- tho last time. The young fellow
or,bbad the mans hair md started
sboreward. There was no responding
effort on the part Of the drowning man.
and IN, burden seemed to Seaman par
ticuIarlv heavy. After a heroic fight
with the waves he got the man ashore.
only to be informed by DR.. Abrams. or
the Rockaway beach Hospital, that the
victim had died from heart disease.
Bmmberg was a clerk. lie lived at No.
40 Rockaway Beach Boulevard.
Two young friends swan out further
than their strength permitted at the foot
Of Dodge avenue towar dinner time
last night. .hey were Jacob Cohen. Of
No 352 South 81 street. Brooklyn, and
Charles Grossman. Of No. 152 Second
avenue. Manhattan. Summoned by
their cries, Benjamin Jacobs, a life
guard. brought Grossman into shallow
water fnd there was himself overtaken
by a nt Bathers dragged both men
from the sea and they were taken TO
the hospital by Dr. Abrams. Cohen's
body was not recovered.
About the same time John Brady. II
No. 40 West l2lSt street. and Max
Wetstone. OF No. 332 Sackman street.
Brooklyn, were bathing at the foot OF
Remsen avenue. Brady was dashed
against the poles supporting the life
lines by the force OF the waves and
sustained fractures Of two ribs. Wet
stone threw an epileptic fit. Both
would have drowned but for the prompt
action of fellow bathers. Or. Abrams
rounded out day OF strenuous work
by attending them and removing them
To the beach hospital