Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-02-28


OF sugar plantations or corporations
subsidiary to plantations Plantation
men from all of the islands have been
| in Honolulu during the week attend
ing these meetings.
Not for years has the atmosphere In
sugar circles been SO generally Dessi-
mistic regarding the future Of the in
Idustry. A large number of the re-
ports made references TO the difficult
ties which must be met In order to
meet the situation of low prices which
/ Is generally conceded win be the re-
! suit OF the elimination Of the entire
duty two years hence. and the matter
was usually discussed at length In the
lmeetings All Of the plantations have
been retrenching for the past year,
land most Of the leaders in the industry
were agreed that still further ecOno-
mics must be accomplished.
| With few exceptions, the past year
has been unsatisfactory as to yield,
owing to the drought which has been
Ialmost universal in the islands. And
none Of the plantations have escaped
! a big reduction in profits over past
years, owing TO the low price Of sugar
which has obtained throughout the
season. This was pointed out clearly
/ by President and Manager 4. A. Bald
win in his report on Maui Agricultur.
al The average basic price which
this plantation marketed its sugar IN
1872 was 4.lSB cents while for 1913
the average basic price was 3.4S9
Icents. difference Of .699 cents, or
$13.92 per ton, or 3 difference over
$335 900 on the plantations short crop
OF "a 500 tons.
/ But there Is no disposition evident
/ to quit trying Every plantation man
ager. practically, outlined his plans
/ for making sugar cheaper than It had
ever been made on his plantation be.
fore. and while some are hopeful that
something will turn up to save the
Industry Of the islands from complete
destruction. others profess to see no
light ahead whatever But, as one OF
these said yesterday 1T doesn't make
lany difference. we got to keep on
trying as long as there's anything to
do it with
There are some little rays OF cheer
however, as in the statement made
Ito the Eva shareholders that the man
/ agement believes it will be able. under
the most rigid system OF scientific
economy to pay froms4 to 6 per cent
lannual dividend even under free sugar.
A number Of others Of the more fa-
yorably situated properties evidently
believe that they can keep going also.
A brief resume Of the meetings held
this week follows:
lWailuku Sugar Company.
1913 crop, 1888 tons
1914 crop, estimated, $500 tons.
Manager H. B. Penhallow ascribes
| the low yield last year to the unfa-
vorable weather conditions Condi-
lions are much betterin this respect
this year. thus far. and present indi-
cations are for a still heavier CROP in
| 1915
M change IL made N the officers or
directors
onor.es s,,o.r rSr,a.,v
1919 800, &c 90 CO., .l,,,s
1of9 arnn as,;,,,atsa ! & nm -.
Mar.oa ~ rh,, = .I,, 49,
h,-.;aa5 -, IT,. :. !, = 3. l,o .ne
NJ 800 =, 'n -.
$3.50 .,.s san 1sei usavle, pue Nc points
ous s'las = Sos.ins . lhoIe now -
=. oease .ol u susal .llaI ,oliierIy'
oll aeeouiis ~ nlsn laAes, iauoI Cost,
anu cos't q suppl,es' anu ne Ialis %
ses NJ" this - 70 pc oDVlate1.
wet returns from the 1919 crop
amounted 70 Slzo,SzO. 90. DIVIDENDS
palu, Y per cent, SIoO,0OV. surplus
account, $5I5,ooO.5l.
honaIa sugar Company.
| 1919 crop, 56I5.25 tons.
1914 crop, estimated, 55O0 tons.
Last years yield fell 200 tons short
OF the estimate, on account OF dry
weather, according TO Geo. G. Watt,
manager The present crop also sui
tered severely, but the 1915 crop is
thus far IN satisfactory condition.
Net proflt for year. S6629.97. Sur
plus account, s466, $685..
Pioneer Mill Company.
1913 crop, 27,8O4.375 tons.
1914 crop, estimated, 1000 tons.
according to the report made by
Manager Z. Weinzheimer, the planta-
ton is in good condition at the present
i'm, n = ~