The Hawaiian gazette., 1916-10-17
Local Rumorolo1ists Stin insist
They Are 10 Swallow
Pineapple lndusty e.
STOCK DoPEsTERs ARE ..z9 f.
~. !, :. u. BUsIER THAN USUAL
ealifornians, However, Look As
@ kance At Alleged Plans and
Want To Be Shown

stock dopesters are busily engaged
id selling d control Of the stock of the
Hawaiian Pineapple Company to Paci-
fes Coast interests but the we'll in
formed deny that there is anything
in IL. When this company was first
formed California capital went into
IL very largely. 4 Then when the 'divi,
den period approached Hawaiian invest
oPs bought ali the stock they could
lay hands on and the company is now
controlled here. = r.
The rumorologists have persistently
tried to connect up the Hawaiian Pine
apple Company with the, California
packing corporation or "canner's mer
ger. II will be interesting to hear
what the fruit growers in California
think Of the new combination. The
pacific Rural Press says: 20 FL ?. y
Lest some Of our readers, through
hard headedness and heartedness, may
think some of our inferehees and argu-
n1ents sentimental and unbusinesslike
we support our positions by references,
for which such readers should have
particular respect. We have previously
alluded TO a great Gamers merger
which now declares itself to possess
$l9 900 in net tangible assets and
whose sales Of products during the
cnrrent year are estimated at $4,000.
600. & e.. 81 ..
Claim To Earn IA Per Cent
The common stock of the combined
concern Is priced at a figure on which
the net earnings of this year would re-
turn fourteen per cent. This figure of
profits has largeness which we ap.
prehend but perhaps do not understand
rs we'll as business man would. We
seem, however, to understand better
hen we come to such plain English as
this:
3 The new company will be en-.
gagged in the preparation of food
products on the Pacific Coast,
q, where il will rank as the largest
factor in p basic, industry of sta.
Die character With a market FOR
its products throughout the United
States and all important foreign
markets. The growth in volume of
business during 1914 and 1915,
while substantial, was retarded by
the European war. While domes-
tic business has become normal
RRAin, the export trade is still un-
faVOrably affected by the shortage
of marine transportation, and
further substantial gain in sales is
anticipated upon the cessation of
the waF.iF FEENa ...
"There seems no sentiment in the
above declaration in favor of this com.
bination. We may have to invoke SEN
tIment against it some day, but at the
moment we accept It as evidence that
fruit Paunin0 (ahiaAtyN 10 hald 20 ba N
basic industry of staple character to
such an extent that fnaneiers are
ready to blow millions into it and ex-
Peet not less than fourteen per cent
gain upon the present price Of admis-
SION tickets. 2 How much more gain they
will get we do not know, butt this is
enough to prove that even though the
figures of the present are large, these
business nagHates are building upon
fruit production as greater industry
in the future. 3 =
No Soul Uplift In It
But though there is doubtless a lift
ing Of plush waistcOats as these merg.
ing Missionaries think of the future Of
the California fruit industries as the
basis of their investments we doubt if
they get so much uphft of soul from
their end Of the business as the fruit
grower does from his, when his trees
grow and bear well and the selling
price fills his home with the comforts
OF the simple life. And Of course il is
the widespreading Of the latter human
Joy which is of the greater moment to
the State" -.
60 ----- $3.50, -----7.-< -
= "a.