Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1916-03-17

continued general advance to an
investment basis Is looked for, howev.
er, and brokers and sugar men gener,
ally think that many issues which
have been earning and pa9uf big
profits, and are now selling on 10. 10,
Is and even higher income percent
ages, will advance to SIX or eGxht per
Cent yield prices, under the sfimnlus
OF investment buying. both for fnli-
viduals, trust funds and esfateA
Long Period Yields.
The price OF stocks Is expceied 20
base itself in each case On individual
plantation acreage and tenn pros
poets. and on the possibiIifIrs a net
average yields for income fer long
periods, say 10 years. dnring wtich q
decline from present var prizes may
be confidently expected. II
Sugar?v said z. D. Tenney firtI
vice-president and ennnr1I - - -. b
OF Castle & Cooke, "a this 0,1tlg
Ing. Il regard the sugar Question
just as have regarded Il for the last
six months. Yesterdays vote was
so much of certainty and the action
Of the senate and OF the president Is
80 equally certain, that they may be
considered as merely Incidents.
The one thing we face now is the
movement for an excise tax, which
might reduce our net protection to
about half cent. I've no doubt but
that the excise tax movement will
have many hackers. and will grow.
Eventually it may become a law, but
that time is far off, for the tax is un-
popular-exceedingly so--and II will
take many years to educate American
opinion in favor of It."
Expected Better Fight.
Il looked for more OF a fight
against the bill In the house than the
senate" said J. w. Waldron, presi-
dent of the Sugar Factors, this morn
Ing, "and seeing 1t went through the
house by such tremendous majority
yesterday, I cannot but think that 1t
will pass the senate in the same way.
So far as this country Is concerned,
the effect has been discounted, as the
bills passing has been expected for
the last few months as a foregone
conclusion"
A. w. T. Bottomley, former presi-
dent Of the Sugar Factors, says he
feels very pleased that the bill has
gone through by such q decisive vote.
Il think the senate will pass IT," he
adds, although there is nothing new
to say on the subject"
Foresees no Difficulty.
When asked for his views on the
bill, ]. p. Cooke said:
Il have no doubt that the sem
ate will pass the bill. The general
opinion of those best informed In
Washington was that the fight against
IL, il any, would be made in the house.
Now that it has passed the house with
so big majority don't look for any
difficulty in the senate. BY the way,
the Star-Bulletin certainly did get the
news through in fast time yesterday.
1t was quick work"
IL don't have any reason to doubt
that the senate will pass the BILL" re-
marks A. NJ. Novel;, secretary and
manager of the Sugar Factors. 'The
senate has always been stronger for
protection than the house In the past,
and still Is. Now that the house has
passed the bill, it seems certain the
senate will do So
Asked Tor a statement as TO his
ideas on the situation. T. Faxon Bish-
op had the following to say:
Enough to See II Through.
Il don't see sny reason why there
should be any holdnp of the bin IN
the senate at all. I guess there are
enough Republicans in favor Of pro-
lection to see It through"
1T is a mighty good piece Of news"
says Georg RodIek. so Ear as We
can learn, there doesn't seem to be
any doubt that It viii pass the
senate. It is certainly good for Ha-
waits prosperity
~The news published by the Star.
Bulletin yesterday was as welcome as
news can be, says J. u. Dowsett @af
fecfing as It does the main industry
Of these islands.
The overwhelming majority bY