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Newspaper
Evening Bulletin
Location
Honolulu, Hawaii, United States of America
Date
Jun 01, 1907
Page
8
Sugar quotations show Oohu Sugar Co at 41.37 and 125 Haw Sugar Co. latest price 3.91 cents per pound or 78.20 dollars per ton. The report notes market activity with sugar stock movements and price references across listed companies.
Local and general notes from Honolulu detail events, sales, and public notices. Highlights include theater ads, divorce judgments, harbor work, tax and patent items, church services, and community happenings among named locals, businesses, and organizations.
Caarnikow Micdougall & Co. report on sugar conditions dated May 10 notes heavy receipts and a longshoremen strike hindering movement in New York port. Refineries with ample stocks curb imports, causing unsold sugars to be stored. weather and drought in Cuba reduce production forecasts, while European and Caribbean markets show mixed gains and renewed demand for raw sugar.
Boston May 16 Benjamin Ide Wheeler president of the University of California has been offered the presidency of the Massachusetts Institute of Technology to succeed Henry S Protchett. The vote of the Institute corporation will confirm the election at the body’s last meeting of the month and is expected to approve Wheeler’s selection. Wheeler was born in Rainey Dale in 1854.
Report notes weaker activity in sugar markets with several sellers refusing to meet bids for May shipments. Estate holders enlarged Cuba crop estimates to 1,375,000 tons as receipts show higher holdings. Visible production and June july shipments cited, with prices and futures landing around 4,080,000 pounds.
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