Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1916-10-19
PLANTATIONS TO
merge, ISSTORY
SPREADONCOAST
San Francisco Chronicle Haz-
ards Guess on Deal in
Brewer & Co. interests


Rumors OF mergers and combines
81 Hawaiian industries are largel.
%made in California" these days.
Charles Remington, the financia
editor Of the San Francisco Chronicle
published under large headlines !
story i'm the issue of October to th+
effect that California has heard there
is q big merger OF Hawaiian planta
ticns pending. He backs up his story
by citations OF figures
Here is the article:
with or without foundation. Cali
lorna street las become convinced
that some kind OF merger OF Ha
waiian sugar plantations is pending
and the belief il strengthened by the
fact that one local bank and two loca
brokers, all with strong Eastern con
aections. received yesterday inquiries
from New York for Hutchinson and
Paauhau stocks and probably for Ho
nokaa There have been very few
of these stocks in New York, which
hardly knows of the existence of the
properties, and this sudden interest
could be stimulated only by the knowl
edge that some sort OF deal was in
hand, One broker received message
yesterday saying Hutchinson was quot
ed 30931, and predicting that the
stock would touch IS. The latter fig.
ure' is not reasonable, for IL is well
known that the controlling interests
In Hutchinson and Paauhau have al
ways figured that control of the prop
critics was worth from 40 to 45.
THE most probable assumption is
. that merger of the Brewer planta-
lions is contemplated, and the East
err inquiries from several sources
would indicate that the deal is pretty
well along toward contamination. II
I is well known that Henry ST. Goar,
who, with associates, controls Hutch.
linson and Paauhau, is in New York.
st. Goar, il may be added. has very
large interests in Honokaa, Schae-
fer property, and in 0nomea, another
Brewer property.
With st. Goar is r. Faxon Bishop,
president of c. Brewer & Co., factors
for 10000 tons of Hawaiian output.
Accompanying them is c. B. Wells,
who can swing control of Waikiki SUI
gar Company, the second largest prop
'erty for which Brewers act as agents.
In addition It is believed that St Goar
is in q position to deliver control of
Honokaa. In other words, these three
men, with the cooperation of John d.
Spreckels and John A. Buck, could
swing control OF plantations with an
output of about $4,000 TONS
THE plantations, with tonnages,
for which c. Brewer & Co. are agents
follow:
Plantations. Tons
Hakalau Plantation Co. $3.50. 1899
Hawaiian Agricultural Co.,. 16,401
.liiio Sugar Co. ........... 1906
Honolulu Plantation Co ..... 1928
Honoipu Sugar Co. ..... 1852
Hutchinson Sugar Plan Co.. 6,7S1
Kilauea Sugar Plan. Co.. 6.733
Olowalu Co. y............. 2,173
Onomea Sugar Co. 1880. 81 800
Paauhaus Sugar Plan. Co. .... 1908
Pepeekeo Sugar Co. 1890. TI,94S
WailuIxu Sugar Co. ........... T,177
Waimanalo Sugar Co. ...... $3.50
Most of these properties are con-
frolled by C. Brewer Geo, through
stock ownership. The Irwin estate
controls Hutchinson and Paauhau,
Buck and Ohlandt interests control
Honolulu and Hakalau. while John d.
Spreckels controls Hilo and Kilauea.
"Of all the properties mentioned,
only the stocks of Onomea, Hutchin-
son, Paauhau, Honolulu and Honokaa
are at all active in this market. Some
of the stocks are not active in any
market, for they are closely held The
only stocks that have shown any
action in response to the reports from
the East are Hutchinson. Paauhau and
Honokaa.