The Hawaiian gazette., 1916-06-02
STRIKE ON COAST
DOES NOT WEAKEN
n SUGAR MART HERE
.e@
Despite Disturbing Reports From
Mainland, Two Companies
s. Declare Extra Dividends
OTHER CORPORATIONS
DISTRIBUTE $3e5,Ooo
Whole Weight Of Hawaiian InfIu-
ence Is Thrown On Side OF
Longshoremen

At yesterdays session of the stock
exchange announcement was made that
The directors of Pepeekeo Sugar Com.
pany had voted two extra dividends of
four per cent, payable on June Is and
july Is, in addition to the regular di.
vidend Of two per cent a month. The
total disbursement will be $4,000 for
June and the same next mouth.
Another Extra Dividend
Honomu has declared an extra d.
Vldend OF six per cent, payable with
the regular one and one-half per cent
dividend on July 5. The total payment
will amount to $56,25O.
Regular dividends payable yesterday
were Haiku, six dollars, 100000; Paia
six dollars, $135, 900; Kekaha two dol
lars, $50 900; Pioneer forty cents, $50.
600; and Tanjong twenty cents, SEQ.
600; or, $685., 900 for the day.
Strength and Weakness
There was heavy trading between
boards yesterday, many holders believ.
ing that the Coast shipping strike
would seriously depress values. Such
has not thus for been the case. A few
slight changes were noted but the mar.
ket continued strong. The statistical
position of sugar is better every day
and there is no good reason evident
why values should be depressed by such
temporary influences as the lOngshOre-
man 3 strike. There is a feeling that
the labor unions are so strongly un-
trenched that there demands must he
quickly acceded to. Certainly all the
weight of Hawaiian influence will be
thrown on the labor unions side of
the balance.
olaa Again Rules Strong
Six hundred Olaa sold between boards
at 23% to q. McBryde varied by
eighths, l445 shares in all being sold
down to fourteen and quarter. Eva
was strong at thirty four and half; Ca
hu shaded off one quarter to forty two
and three-quarters; and Pioneer 20 if
ty.four; Onomea was on the rise and
closed at sixty and half; small orders
were placed in Haw. Pines. Telephone,
Haw n. Sugar and o. R. l.. Four P.
s. NJ. bonds sold at par.
Bwa Gains, In Strength
Inadvertently the May Eva divid-
end of $4,000 was omitted from the
list of payments yesterday. This stock
is gaining in strength every day as
full realization of its splendid physi,
cal position increases-whle never in
the class of phenomenal profit makers
Eva history shows consistent perform.
ance and reliability and there is every
reason why values should be higher
before they are lower.
Crop Reports For Hawaii
Encouragement to the hope that soon
the crops of Hawaii will be included
in and segregated in the reports of the
agricultural department are contained
in a letter received by the chamber of
commerce from that department The
letter states that Hawaiian sugar is in,
cndcd in the reports and that this con.
stitutes ninety per cent of the agri-
cultural products of the Islands.
Though the balance segregated into
items is not so large as in some cOun-
ties of some of the states, yet with
The expected larger funds they will be
able to handle reports by counties and
then the less important products of Ha.
wai may be expected to be included.
What Extension Means
Under the "crOp reporter" system
the federal government employs state
superintendents and county supervisors
at nominal salaries, seldom>more than
$500 per annum. The "observers are
voluntary as a rule. The extension of
this system to Hawaii will simply mean
one more federal official permanently
located here.