Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-02-05
JAMES D. DOLE
SAYS BUSINESS
FOR YEAR GOOD
Annual Meeting of Hawaiian
Pineapple Company, Ltd, Be-
ing Held This Afternoon
BANNER BUSINESS WAS
HANDLED DURING 1913
Street Rumor Says the Capt.
tai Stock win Be Increased
Mo Verification

Stockholders of the Hawaiian Pine.
apple Company, Ltd, will meet this
afternoon to hear the annual report OF
James d. Dole, president and general
manager Of the company, and to elect
officers.
At this meeting one of the most
favorable reports made in the history
OF the company will be heard, a re.
port which shows that 1905, 1868 cans
OF pines were put on the market in
1913, the equivalent of 599,542 cases,
which exceeds the output for 1912 by
1881 cases. .a-as q.
The entire report is filed with facts
which show the sound, growing and
prosperous condition OF the pineapple
company. The assets are large: they
are given as $1,57I, ,656.26, and the
profit for the cannery alone for the
year IL shown to have amounted to
$9S S,037.74. .-@.... r.
Notwithstanding the mnch-talked of
hard times, due to tariff legislation
mainly, President Dole in his report
states that, owing to the savings ef-
fected and the low price Of sugar, the
profits for the year were larger than
might have been expected in view OF
the heavy reduction in the prices of
canned pines last summer.
The meeting at which his report will
be considered and the officers for the
ensuing year elected will be held at
$3.50 o'clock this afternoon at the Of
fee OF the cannery. Just before this
the Koolau Fruit Company, allied with
the Hawaiian Pineapple Company, and
the Hawaiian Pineapple Products
Company, will hold meeting at the
same place. Their business, II was
given out this morning, will be con-
fined mainly to the election of OFF,
: eers.seS 80 ,sasessess
What other business besides the
election Of officers and the hearing
of the presidents annual report will
come before the stockholders of the
Hawaiian Pineapple Co. is not given
out. The street" has heard rumors
of plan to increase the capital stock,
but an investigation failed to sustain
the rumor.
The Following is taken from Presi-
dent Dole's report: .s1-. "
IL herewith submit my annual report
for the year ending December 81, 1913.
sOur pack for the year was 49,.
0S5,S6S cans, or 599,542 cases. figuring
gallon cans at six to the case, an in.
crease over 1912 Of 72.5S1 cases.
The production of fruit from our
own plantation at Wahiawa was 1857
tons, an increase over 1912 of 1888
tons.
Purchased fruit amounted to 6213
tons. an increase of 1853 tons.
1T Is too early to make an estimate
Of the 1914 crop. but the general in
dications are that our own crop will
be about the same as in 1913 and fruit
which we have contracted under an
adjustable price agreement will be
slightly more than in 1912. 1t would
therefore be reasonable to expect a
pack of from 100000 to 625, 900 cases
provided no additional! fruit is pur-
chased, and If weather conditions are
favorable.
Owing to various savings effect,
ed, and q low price OF sugar, our profit
for the year was larger than might
have been expected in view of the
heavy reduction in prices last sum.
mer.
1T Is Of interest to know that the
bulk Of our profit as in the past was
CONTINUED on page eiShtl