Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1916-09-19
TWO BIG CANNING
CONCERNS UPON
s MAINLAND seen
indications Seem to Point to
Separate Organizations
Rather Than Merger H..

Two deeds and two contracts OF
sale recorded Monday afternoon mark
another step in the consolidation of
much OF the pineapple growing and
canning interests OF Hawaii in Libby,
Mcneil & Libby and the mainland
controlling concern, Swift & Company.
The papers recorded Monday after
noon do not form a completed trans
action in themselves but are part and
parcel of a still larger one. the details
of which have aot vet been completed
and may not be for several weeks.
Local interests included
1t is further indicative of the cen
Trailing of the fruit canning business
in not one but two great concerns on
the mainland, one being Libby, Nc
Neill & Libby, and the other
the California Food Products Com
pany. reported recently of late from
San Francisco 20 be in process of for
nation. In the latter the Pineapple
Preserving Company would seem to
be certain to be included since it is
owned by the California Fruit Can
ners' Association. Reports have also
connected the Hawaiian Pineapple
Company with this merger and no
denial has come from that local house.
Libby, McNeill & Libby have not been
mentioned in connection with the
merger in the mainland papers since
the first Of such articles appeared and
seem to have been dismissed as
possible factor as further details have
been learned.
Only One House Expands
Locally there has been no sign of
a desire on the part of either the Ha-
waiian Pineapple Company or the |
Pineapple Preserving Company to ex.
pand by the ACQUISITION of other Ha-
waiian properties, while on the other |
hand Libby, McNeill & Libby first |
secured the Thomas Company, has |
secured the Kcolau Company, form |
erly controlled by the Hawaiian Pine |
apple Company; is securing the Haley |
and has purchased numbers
of smaller parcels of land. 1t is sur
missed by men who hold stock in the
Hawaiian Pineapple Company and are
fairly familiar with it's affairs that /
the Koelaa was net turned 9gefs Tor.
less than 100000 and the estimate
On price goes as high as quarter of
q million. -
Not Complete
Ii is reported that the consideration
for that part of the Haley transaction
in which papers were yesterday re-
corded was $245,000 and that this was
a compromise figure between an Of
Ter OF $685. 900 and a demand for $780,
300. w. r. Haley, through whom the
is being conducted by the
sellers, this morning said that his ne
gotiations with Libby, McNeill &
Libby were by no means completed
with the filing of yesterdays papers
md that important and valuable prop
critics are involved in the portion of
he deal which Is still pending. i
Holdings Sold .-..
Monday afternoon a deed by Fred
8. Haley to Libby, McNeill & Libby |
conveyed Pupukea homestead, lot 8,
With buildings, improvements, machin-
cry, tools, livestock, etc. Another deed
by Fred. E. Haley conveyed lots II
ind II of the same homestead tract
o Otto G. Malkow,. trustee for Libby,
dcNeill & Libby. Malkow is known.
lere as a representative of Swift &
Company. Two agreements to sell
,ther lands and personal property
we're also recorded. The considera-
ion expressed in the two deeds and
me of the agreements amounts to
1924, 900, and it is said the considera-
ion for the other agreement is suf-
icient to bring the total up to $245,-
100. 80 ..":. . /,
w. r. Haley said this morning that
lot all of the papers in the transac-
ions underway with Libby, Mcneil
I Libby have as yet been signed
Ior have all terms yet been agreed
Ipon. .... ....