Word: hawaiian
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Crocker First National never loses money, has resources of $142,000,000, handles in addition to the Crocker oil, real estate and railroad interests such lucrative accounts as Matson Navigation, Pacific Gas & Electric, Standard Oil of California, Hawaiian Pineapple. Its dividend rate is $14 and its stock sells for $300 per share...
...Pacific, had refused to allow his subordinates to inspect his luggage on the ground that he had not been outside the U. S. This gesture was supposed to clinch U. S. title to three tiny specks of land spang on the equator and almost midway between the Hawaiian Islands, Australia and New Zealand...
...Honolulu last week one of the world's simplest corporations voted to dissolve itself. Known as Pineapple Holding Co., Ltd., its entire assets consist of $37,500 in cash and 500,000 shares of Hawaiian Pineapple Co., Ltd., successor to an earlier company of the same name founded by James D. Dole in 1901. As all the holding company does is to hold, it reports no income, no outgo, no profit, no loss. It was formed in 1932 (along with the present Pineapple Co.) to straighten out the tangled affairs of the Dole company, which had grown long...
Back in 1930 there seemed little likelihood that Jim Dole and his pineapples would ever get themselves into financial straits. Pineapples for U. S. consumption are practically a Hawaiian monopoly and the Dole company, along with California Packing and Libby, McNeill & Libby, dominated the industry. In 1930 the pack was 11,300,000 cases, of which Mr. Dole put up 4,500,000 cases. First Hawaiian sight glimpsed by travelers arriving from the "mainland" is an enormous pineapple (really a 400-ton water tank in disguise) on the roof of the Dole cannery. And along with Diamond Head. Pearl Harbor...
...also. Second, Mr. Dole could do nothing to cut pineapple production, because it takes about two years to grow a pineapple and Mr. Dole was reaping in 1932 as he had sown in 1930. Result: unmarketable pineapples piled up in Mr. Dole's factory, their stench polluting the Hawaiian air. Further result: pineapples dropped from $5.20 a case to $2.70; the 1932 pack totaled 847,000 cases against more than 4,800,000 in 1931; and in 1932 the Dole company lost (mostly on inventory) $8,448,882. In December 1932, Mr. Dole was promoted to a semi-honorary...