davidaulloa/AmericanStories huggingface dataset:
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-06-13
NATIONALS BONDS
ON new FOOTING
BY REF|NANCING

Nationals Consolidated bonds, WHICH
are quoted on the Honolulu stock ex-
change list at SO last sale, are given
a new status by refinancing scheme
in London. Following are some OF
the particulars Of the scheme, which
was apparently about to be consum-
mated, from the San Francisco Chron-
icle Of late date:
The plans provide for the forma-
ton OF two new companies-one
American and one English. The
American company viii have the fol-
lowing capitalization:
First mortgage, s p. c. BIDS $1S,500,0O0
Non cumulative p, pfd.
SnafeS ....'..... ''Sou'uoV
Common shares ...-...-. oszoU,U0U
THE amount of common shares Is
not important. as the entire issue will
be held by the English company, but
under California law the stock issues
must at least equal the bonds author
lied. --.. 0
There will also be ss,O0O.0OO five
year notes secured by $4,500.000 s
per cent bonds and reclamation dis
trict bonds amounting to somewhat
less than $1,000, 900. NJ.
The present firstmortgage bonds
Of Natomas Consolidated, of which
there are $4,000, 600 outstanding or
reserved for prior liens. win receive
so per cent In the first mortgage bonds
Of the new American company and 40
per cent In the preferred shares Of the
same company. This will amount to
$4,000. 900 Of preferred stock.
The second mortgage bonds of Ma
tomas. of which there are $500. 900
outstanding. viii receive so per cent
in preferred shares OF the American
company and SO per cent In ordinary
shares of the English company,
amounting to $1.25e. 900 of each.
.'The common stock OF Nationals. Of
which there Is somewhat more than
SIG, 100000 outstanding, WIN receive
6 per cent in ordinary shares OF the
English company, amounting to $500.
900. The second mortgage bonds and
the stock Of Natomas. on these ratios.
will consume 5000. 900 of the shares
Of the. English company The origi-
nal plan provided that there should
be distributed to the underwriting
syndicate s1.50e.0OO bonus stock. II
this has been Adhered to this issue
outstanding would be raised to about
$3.50Q,000. The amount Of stock to be
authorized, by the English company
has not; been announced
tgnasmuch as the ENGLISH bond
holders have agreed to this plan. the
reorganization committee viii have 3
working nucleus in the beginning Of
$4,000. 900 bonds. With only $500, 900
American bonds, which can be obtain
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-06-13

Willett & Gray's Sugar Journal for
May % says: : ~ - a.. ..5@
THE WEEK.-MRS. advanced ..07c.
Refined 4. advanced .09Sc Net cash
quotations this date are: Centrifu-
gals, 3.3Sc Granulated, 4.116c. Diff.
ference 0.726c. Receipts, 1921 tons.
MEETINGS, $1,000 tons. Total stock In
Atlantic ports, 2a9,7I5 tons, against
314,464 tons last week and 360,074
tons last year. Beet sugar quotations,
4. O. b. Hamburg. 9s 7ltd per cwt. for
IS deg. analysis, equal to 3.60c for 96
deg. test Centrifugals at New York.
duty paid. First Marks German
Granulated I. o. b. Hamburg, lis Cd,
equal to 4.l0c New York, duty paid.
Estimated ahoats to the United
States from Cuba and Porto Rico, So,
900 tons; Hawaii, $4,000 tons: Phil
lippina Islands, 10000 tons Total
$4,000 tons. against total 121 300 tons
last year )
NET CASH PRICES REFINED. =
The lowest price named for refined
here on this date ID basis of Cane
Field Granulated, in barrels, at 4.11ec
net cash.
STATISTICS BY SPECIAL CA.
BLES. CUBA: The six principal
ports: ...s e
Receipts. $4,000 tons: exports, 81.
600: Stock. $4,000 tons, against 626,-
600 tons last year.
Centrals grinding, 81, against SO
last week, 1O4 last year and 81 in
1912.
Entire Island receipts for week, 81.
900 tons. against $4,000 tons last
week, 5000 tons last year and $4,000
tons In 1912.
Stocks in the United States and
Cuba together OF 1.100,460 tons,
against no., $50 tons last week and
1.0S7.669 tons last year, an increase
Of 1871 tons from last year.
Europe: Stock In Europe. 2,5s2 ,000
tons. against 2.496. 900 tons last year.
VISIBLE SUPPLY. Total stock Of
Europe and America, 3,692,460 tons
against S,5S3.669 tons last year ct the
same uneven dates. The increase of
stock Is 10S.791 tons against an In
crease Of 1850 tons last week. Total
stocks and sfloats together show a
visible supply of 1877. 460 tons
against 3,sl4669 tons last year eer an
increase of 62,791 tons ~
RAWS-Last week closed on an ad.
vance from 3.26c on Wednesday TO
S.S2c on Thursday. on quite large
transactions.
However on Friday, q delayed sell.
er of 5000 bags Of Porto Ricos ahoat
accepted 3.26c from Arbuckle, return
ing the spot quotation to this basis.
Later, after business hours. the Fed
eral bought 1000 bags Cubes afoat
at 3.29c. not openly reported until
Monday, although rumored on Satur.
day.
On Monday the spot quotation was
advanced to 3.SSc by the purchase by
Federal Of 10000 bags Cubas, aaoat.
at this basis, which was followed by
another sale on Monday OF 1000 bags
Porto Ricos, afioat, at 3.29c.
On Tuesday, on receipt Of the week
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-06-13
HIDALGO Said
TO Be CERTAIN
Loss TO HAWAII

With q deficit OF one and one-half
million dollars, the property involved
being valued at three and one-half mil
lions, II is the opinion Of one OF the
best posted men In Hidalgo Affairs
that the Hawaii shareholders might as
well call their investment Of nearly
100000 in the Mexican estates In
yolYed lost money. s
IL Is believed by this authority, who
does not desire to be quoted person.
ally, that Reorganization on a basis
equitable 70 all concerned would be
next to impossible in view OF the fact
that more than 1000 shareholders scat.
tered over the United States and for.
eign countries must be consulted in
the matter. Moreover, the demands
made by the manipuiators on the
coast and In Mexico, by late mail and
cable, are so confusing and inconsist-
ent that Il IL difficult, II not Imprac.
ticable, TO size UP the actual sltna-
ton
Possibly, however, the meeting Of
the local shareholders on Monday
afternoon may decide to carry out the
policy advised by counsel, which has
been approved by the investigating
committee. to assign the shares TO one
person, who should then proceed to
Mexico and take such action as coun-
sci In that country may advise.
Although the ultimatum regarding
foreclosure viii fall due on June 80
next, It was pointed out by one Of the
committee this morning that foreclos.
ure proceedings must take consider.
able time before eliminating in sale,
30 that there Is sim chance OF avert
ing the loss Of the property interests
II the shareholders decide that II is
worth while putting more money into
the venture.
Besides the circular Of May 20, to
which reference was made In late
issue. there was message OF May
~, In which 10000 pesos Mexican was
begged to save the rubber property,
the writer saying this fought to be
done, irrespective Of what Is being
done with regard to the coffee prop
critics. In the lengthy circular OF
May 20 the following unfortunate
plea was uttered: The management
does not think that the shareholders,
even under the present deplornble con-
diti0ns In Mexico. would wish 70 see
their rubber properties worth $780,
900 lost under foreclosure for small
amount like $4,000 Again. This
money must be paid or II win be Inn
possible to conserve your property
On top Of these clamors for ducats
Of comparatively trivial amounts came
the cabled demand Of June for 30.-
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-06-13
SECURITIES in
MEXICO SHOW
HEAVY LOSSES

A full list of the comparative prices
Of Mexican securities. now and two
years ago would show an aggregate
loss of many millions. When the bulk
Of the Mexican securities were Dur-
chased the country had for a long
time been in q settled and prosperous
state. Whatever may oe said about
ex-President Diaz's Dictatorship. he
accomplished great deal for Mexico.
and his iron rule conceded with ma
tional credit and commercial pro-
gress. Before the revolution took place
by which he was overthrown. the re-
public could have commanded finan-
cial assistance to almost any extent
II wanted. That disastrous event up
set every ones calculations. Except
for the fact that all lbero-American
states seem to have revolutionism In
their blood. there was nothing in Mex
lean conditions to put investors spe-
ciaIly on their guard. Trust compan-
les and others may. therefore. absolye
themselves of having acted as every
one would have acted on the informa-
ton then obtainabIe. Nor is there
any need, black though the outlook Is,
to assume that these losses are ire
coverabie. It takes little, where there
IL large bear account. to make the
maraet turn round and put prices NJ
asrapidly as they have been put down.
This will not happen until some guar.
antee of peace and permanent order
is forthcoming. It Is a somewhat
negative comfort, but 1t Is a comfort
nevertheless, to know that prices can
not 90 very much lower. There is an
irreducible minimum even In the case
OF defaulting states Of far lower stand
ing than Mexico. and Mexico's natural
wealth and great possibilities will al
ways encourage speculative, invest rs
to discover the silver lining to the
cloud. Much of the damage already
done, and still to be done, to holders
of bonds and shares cannot be repair.
ed; from the check given to trade It
will take the country time to recover;
but nothing is more certain than that
some time or otherit may be sooner
or 1t may be laterrethe pendulum will
swing over, and Mexican securities
will present an agreeable contrast to
their dicredi Bile dition today
London Times
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-06-13

casing from the wen shot high in the
air. =
The well at that time was dischsrg-
ing from 100000 10 125.0OO barrels Of
oil. which was about Is per cent
emulsion. As the moon descended the
flow grew less, and at daybreak the
flow was about the same as at night.
fall. ~ - = =. ..r~.ss
The well will be watched tonight
to see II the. moons effect will be the
same as IT was last night" =
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-06-13

week by the Waterhcuse Company.
Ltd. TanJong Olok plantation pro-
duced II, 500 pounds OF rubber In May.
an increase OF $500 pounds over April.
and Pahang plantation 1890 pounds.
an increase OF 1900 pounds Ii the
same time. For the flrst i've months
this year Tanjong Ol0k yielded 7S.4e3
pounds. against 1862 pounds the
same period Of last year: and Pahang,
70,0S3 pounds. against 40,1t3 pounds
last year same period.
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-06-13
In Business Crcles-News and Review
BUSINESS ON STOCK EXCHANGE
REFLECTS GENERAL QUIESCENCE

Business on the stock exchange was
depressed upon the four days up till
today on which sessions were held
this week. Proceeds of transactions
were but S12,510.62h, of which $3.50
represented bonds. Only seven stocks
came ont, OF which four made de-
clines, two remained the same and
one gained point. Details follow:
Eva, so at 1880. Is at 1875: total,
Is shares for s1306.25; decline, Y
point.
Hawaiian Commercial & Sugar. So
at $3.50, at 25.62k, IS at 25.75;
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-06-13

total, 80 shares for $2304.37h: un.
changed.
Hawaiian Pineapple, so at IS. 100
at Sc; total, $50 shares for $3.50;
gain, point.
McBryde, so at 2.25; total $112.50;
decline, ! point.
Oahu. $50 at 1880: total. $2175; de-
cline, u point.
Olaa. Is at $50: total. $112.50; de-
cline, u point.
onomea, rs at 90; total. $500; un-
changed.
Bonds, $1,000 Hilo Railroad Exten-
sion skies at IS; decline, points.
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-06-13

There are no new developments to.
day in the Hidalgo problem From
what can be learned from members OF
the Investigating committee. the ques-
ton Of what policy to pursue win be
left to the meeting of the local share.
holders on Monday.
According to figures issued this
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-06-13

course of preparation. II win consist
OF 4O0, 900. 900. ann 1t is anticipated.
will be floated at the end of June or
the beginning Of Jhly.London Times.
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-06-13

ed from inside interests. the plan will
start with more than 50sper cent OF
the issue committed. !"
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-06-13

Real Estate is quiet like everything
else of an investment character.
Transactions through the various
agencies are of only occasional oc-
curence.
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-06-13

Our Paris financial correspondent
states that banking and financial cir
cles in the French capital are consid-
erably disturbed and in much doubt
as to the fiscal policy to be adopted
by the new government On the other
hand, he says, it was stated on good
authority on Tuesday that the great
French loan which the late Govern.
ment hesitated to authorize is now il
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-06-13

=. A. sale of tl490. shares, of Honolulu
Consolidated Oil at $3.50 was made il
San Francisco on June 8.
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-06-13

There will be a meeting of the loca
shareholders of the Hidalgo compa
MES on Monday afternoon next, tt
consider what should be done abou
the demand for money in this month
to save the estates from sale undel
foreclosure.
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-06-13
COMMERCIAL; ITEMS

A sewer line is being laid into Nc
Inerny tract from School street mauka
en- Houghtatling road. =
The Hood River glacier. (Hood River, Or.) 1889-1933, 1914-09-24
TOO MANY PROFESSORS

A representative Of Golfers Weekly
recently interviewed Col Nelson, own
cr and editor IF the Kansas City Star
Daring the course Of the interview Col
Nelson said. We recently sent one oi
the Star boys down to our Agriculture
College to see what they were doing
he found that good percentage Of the
graduating class were going to become
professors. Too many were going tC
college to learn how TO teach farming,
instead Of to learn how to farm.
This is true, We believe, in all agri-
cultural colleges. 1t is not only true
Of the agricultural college, but Of all
institutions Of learning. Too many de
sire to teach instead Of TO do the work,
themselves.
The agricultural colleges Of the
United States are wonderful institu-
,iOns. They are doing a world Of good.
But, we believe, as does Col. Nelson.
that the rural lad who attends one of
these places Of learning would be Of
greater benefit to his community and
be a happier and more useful citizen
generally if he decided to learn the
lessons taught. resolve to put them
into practice on a farm Of his own and
then actually go DO that very thing.
The Hood River glacier. (Hood River, Or.) 1889-1933, 1914-09-24
AT THE HIGH SCHOOL

FThe senior class met last week anC
elected the following Officers: FREQ
CushOw, pres. Hilma lmholz, vice
pres. Katherine Hartley, sec. anC
treas. At the same time the Mascot
editorial staff was elected as follows
John Allen, editor; Clifford Porter,
business manager; George Bragg, joke
editor, and Jewel Taylor, society ed
itor. There are yet to be added to the
Mascot staff an athletic editor elected
by the student body, class editors from
the junior, sophomore and freshman
classes and assistants appointed by the
editor and business manager.
The sophomore class met last Friday
and ballOted for class officers. Aubrey
Pape was elected high lord chief presi.
dent, Lillian Brock, vice president,
and Marie, Berry, secretary and treas
urer.
The senior. sophomore gridironers will
mix with the junior-fresh team tomor.
row at 3. Is at the ball park. No ad
mission will be chargedRat this game,
as it is only a practice contest. The
seniOr-sOphomOre team will probably
be composed of the following men
Bragg, Abraham, Imholz, Porter,
Cooper, Lofts, Won der Abe, Lewis
Robbins, Blackman, Nunamaker, Thomp
sen, Regnell and lsom. The junior.
resh-eighth grade eleven will be
picked from Stanton. Jones, Button,
Spaulding, Lancaster, Moe, Breed,
Jacobsen, Hasbrouck, Howard. Camp
tell, Dobson, Nickelsen, Berry, Coch-
ran and johnson. Fred Coshow will
captain the senior team and Jack Stan,
ton the junior aggregation.
1t is not sure that the high school
football team will continue practicing
after the class games 1t is probable
that the foot bail will be stored away,
as a probable majority of the players
want to start basket ball practice.
The enrolment of the high school is
now l79. The junior and freshman
classes are tied for highest class enroll
ment with 81 in each class. The soph.
omore class has AZ students and the
senior class brings up the rear with "a.
The senior class has bequeathed six
high brow students to the junior class,
swelling the junior enrolment and de.
creasing their own. The assembly
room, which houses the junior class, is
filled to capacity and one junior is 10.
Gated in the senior room.
The first of the high school literary
society meetings will be held Thursday
night, October 8. The first program OF
the year will be made up of a high
grade of selections. Among other
things on the program there will be
readings by Jewel Taylor, Katherine
Hartley and Clara RaEd, three of the
best performers of the school. A com
plete list of the attractions will be
printed before that date.
The junior freshman foot ball team
practiced last Tuesday night for the
grind with the senior-soph aggregation
tomorrow night, anh the latter clever
will work out tonight to get in trim fol
the melee. Both teams are evenly
matched, with, however, the junior
freshman team having a larger list Of
plt yers to pick from.
The Hood River glacier. (Hood River, Or.) 1889-1933, 1914-09-24
Campbell Sees Growers Become Optimistic

While a feeling of pessimism pre-
vailed in almost all of the fruit dis
tricts Of the Northwest a few weeks
ago" says Sam G. Campbell, one of
the chief inspectors of the North Pa
cifc Fruit Distributors, who visited his
home here after having toured the dis
tricts of eastern Washington, "the
growers today are feeling hopeful.
Optimism has taken the place of the
feelings of uncertainty"
Mr. Campbell states that Jonathans
are now rolling from oil districts. "Tht
fruit, he says, lis under orderly con.
troll, and is being placed in the best
markets of the country.
MIR. Campbell declares that the sys.
tematlc and scientific work of the Dis.
tributors will prevent disaster in the
apple markets this year. Il know
whereof | speak" he says, and any
one who has been about over the apple
producing communities as. i have would
have the same feeling" Mr.. Campbell
left here Tuesday afternoon for south
ern Oregon. "The fruit of all districts
is coloring nicely, he said, "and espe
cially is Hood River showing prospect
of excellent quality. Heretofore We
have had trouble here with getting
| good color on our Jonathans. The gooC
color Of this years crop will be phe
| nOmenal.
The Hood River glacier. (Hood River, Or.) 1889-1933, 1914-09-24

Notice,

WHEREAS, Silver Gray Squirrels in Hood
River and WascO counties, in the State of
Oregon, are being threatened with extinction
from excessive shooting, and
WHEREAS, the State Board of Fish and
Game Commissioners OF the State of oregon
is desirous Of protecting the Silver Gray
Squirrels in Hood River and WascO counties,
In the state Of oregon;
NOW, TIL HEREFORE, NOTICE IS HEREBY
GIVEN by said State BOARD of Fish and Game
Commissioners that the open season for puT-
suing hunting, or killing Silver Gray SOUR.
rels in said Hood River and Wasco counties,
in the State Of oregon, is hereby suspended
from and afteT october 10Th, l9l4 and 1t is and
will be unlawful for anyone to pursue, hunt,
or kill any silver Gray Squirrels In said
counties during the period OF time above
specified. Any and all persons whomsOever
50 pursuing, hunting or killing such Silver
Gray Squirrels in violation of this,notice shall
be prosecuted as by law provided.
STATE BOARD OF FISH AND GAME
COM MISSlONERS.
By Floyd Bllyeu, Commissioner
BY II. VI. Clifford, Commissioner
BY b. Il. duncan. Comm issioner
Dated at Hood River, oregon, September
Ith, 1914. s24-OS
The Hood River glacier. (Hood River, Or.) 1889-1933, 1914-09-24
Cascade Locks Fair

The school children's fair was held
Saturday, Sept. 20, at the school house.
A large attendance of parents and
friends was there to see the splendid
exhibit. The prizes were as follows:
Bantam chickens, Dorothy Pennock.
first; Burtis Gregg, second.
Largest cabbage, Delbert Bradburn
first.
Tomatoes, Dorothy Pennock, first.
Best five ears of field corn, Carl Nell
son.
Potatoes, Carl Nelson.
Best onions, Mary Nelson.
Food carrots, Mary Nelson.
Stock carrots, CoTnelia Hutchinson.
Summer squash, Ruth Nelson.
Largest sunliower, Ruth Nelson.
Fancy work, embroidered pillow,
Marie Day; cross stitch pillow, Blanche
Sutton.
Flowers: Roses, Gretchen Grand
strom; dahlias, Elsie Grandstrom as
ters, Dorothy Pennock.
Canned fruit, Arthur Lowell, first
Happie Lowell, second.
Bread, Arthur Lowell, first; Elm
Sundsten, second; Elsie Grandstrom,
third.
Cake, Happie Lowell, Zelda Hall.
The Hood River glacier. (Hood River, Or.) 1889-1933, 1914-09-24
WAR CATCHES BATCH
ELDER IN GERMANY

can Of Europe is bound to be filled
I with gloom for several years to come,
I said George Batchelder. of San Fran
cisco. who for many years was vice
president Of r. II. Rollins & Sons, bond
brokers, and who after having just re-
turned from Europe, where he wit,
/ messed the horrors attendant on the
great war now in progress, was here
over the week end with bis wife, visit
/ ing his brother, J. +. Batchelder, and
I Mrs. Batchelder. For years TO come
] the carnage and devastation wrought
/ by the great armies will be in evidence
and the battle SCARED country and tbs
battle saddened people will not attract
| tourists
Mr.. Batchelder and with his wife
and ,sun started out from Paris this
summer on a tour Of Europe. Mr..
I BatcheldeT purchased French autOmo-
bile and secured a French driver. BE.
cause of this be had much trouble in
Germany, having been caught there
after the outbreak Of hOstllities. I'VE
were arrested several times, said Mr..
BatcheldeT, 'all on account Of the
French car and our chauffeur.
Mr.. Batchelder left Engalnd on Aug
ust l6 aboard the s. S. st. Louis. All
first, second and third cabins were
taken and Mr. Batchelder was forced
tU come home steeTage.
"Ihe European war is going to be a
great thing for Americans, declared
the San Francisco man. Il believe
that the war will be over by the end Of
the year. But it will take the Euro
pean countries several years to pick up
their threads Of manufacture and trade.
In six months | expect to see every
American factory operating day and
night.
at also means much for the Pacific
coast Tourists are coming to the west.
Ihe communities with good roads and
fairly good hotels are going to reap a
rich harvest.
While with us" says Mrs. j. f.
Bachelor. "Mr. BatcbeIder spoke very
highly of the progress Of Hood River
city and community. lie had not been
here for eight years. He declared that
the community had prospered beyond
his expectations. We talked of the alb
sence Of land sales at the present time
here as we'll as in and around the large
cities. Well, he replied, when gilt
edge bonds go begging in the market,
can you expect real estate to be NOV
inp?'