Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-01-28
BUSINESS ITEMS

Newly elected officers of the Kono-
lulu Soap Works Co., Ltd, are: Fred
J.. Waldron, president; M. p Robin
Sc n, vice president; R. B. Booth, tee
rotary and treasurer; c. A. Stobie,
auditor; Cecil Brown, director.
An unusually dull opening was sue
ceeded by pressure on copper, steel
and railroad stocks on the New York
exchange yesterday, but the selling
stopped early and the market rallied
to about the closing level Of Saturday.
Rubber was strong on increased earn
ings due to prolonged wet weather.
Tobacco stocks advanced in striking
fashion and Can rose two points. The
market closed steady.
At the annual meeting of the Hawai-
ian Fertilizer Co, Ltd, held yester-
day at the Office of c. Brewer & Co..
Ltd, the reports of the secretary and
the treasurer showed the company to
be in prosperous condition and keep
ing to date with it's experience. Off,
GERS were reelected as follows: E. d.
Tenney, president; ]. p. Cooke, vice
president; E. F. Bishop treasurer and
managing director; John Waterhouse,
secretary; George H. Robertson, audi
tor, C. H. Cooke and c. H. Anterior,
directors. .. >.
According to late japanese papers,
Formosan sugar Is being largely sold
at a loss in Japan. Some of the Jap
al.ese dealers are reduced to q very
critical position on. account Of the de-
cline in the market. Java sugar has
been largely imported, and conkumers
generally prefer it to Forlnosan CEN
trifugals. Owing to a weight allow
ance given in Java sugar, together
with a saving in interest while 1t is
lying in the warehouse, Java sugar Is
sold at 14.1Q yen, or about q yen less
tran Formosan sugar, after paying
beth duty and excise. An article In the
Osaga Ma:nicbi concludes thus:
There is no hope Of the recovery OF
f'ormosan sugar, and the Formosan
sugar companies and the Japanese
dealers holding Formosa sugar have
ben subjected to a heavy loss. When
the Formosan sugar on contract De-
gins to arrive in the middle of next
month, it is expected that some trol-
tie will follow in regard to delivery.
Affairs of the National Guard OF
Hawaii were presented to the board or
directors of the Honolulu Merchants
Association at a meeting yesterday
afternoon, through letters from Col. j.
w Jones. ]. D. Dougherty spoke OF
the postoffice ruling that preVentef
the delivery of letters received sat
u.Gay evening until Monday, which
made it hard for merchants. to fill or
ders contained therein for Mondays
boats. John F. Soper was appointed a
committee of one to. ask the pos mas
ter for information relative to the rule
that forbids the distribution OF mail
on Sunday. Mes srs. Swain and Dough
ertv were appointed members or a
conference committee of the Chamber
of Commerce and the association to ar
range for convention OF delegates
from all commercial bodies OF the Ter
ritory in Honolulu in regatta week. "A
Detition from F. E. Colby for endorse
ment for postmaster of Honolulu was
referred to a committee. AS stated in
the second edition of this paper yes
terday, the directors elected Charles
Tor as president, o. c. Swain as vice
president. George G. Guild as secre-
tarv and Merle NJ Johnson as treas
urer.