The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1910-07-16
FALL IN DOMESTIC
PRICES Of
COMMODITIES

The recent fall in prices in the Unit
ed States is sharply illustrated by the
Bureau of Statistics figures covering
domestic and foreign trade for the
month of May, 1910, in comparison
with earlier months OF the fiscal wear
The Bureau publishes each month a
statement of the export prices of
! about so principal articles of the ex-
port trade, also the wholesale prices
of certain important articles in the do
nestle trade. The export prices are
those prevailing in the wholesale
price at Ihe ports of expectation,
since the customs regulations state
that "all articles exported shall be val
ued at their actual cost, or the value
which they may truly bear In the ports
of the United States from which they
are exported" The domestic prices
quoted by the Bureau are the whole
sale prices of the articles named at
certain great centers, chiefly New
York, as supplied to the Bureau from
recognized and reliable authorities.
Inc May export figures show mater
tally lower prices in practically all the
important articles forming the export
trade, with the exception of meats
which on the the other hand, show
higher prices in May than in earlier
months of the year. The export price
of corn, for instance, is stated in the
tables which will shortly appear in the
fr,rs
mary of Commerce and Finance, as
averaging 67.6 cents per bushel in May
against 701 cents in February, and 1855
cents in August of last year. Wheat
shows an average export price in May
1910, of 96.6 cents per bushel, against
$1.06 in January and $1.21 in July of
last year. Anthracite coal shows an
average export value per ton of $473,
against So. o. in January and S.. II in
September of last year. Copper pigs
exported in May were valued at 19c
per pound, against 1874 in March, 1910.
Raw cotton shows an average export
value in May. 1910, of -14.5 cents per
pound. against 14.9 cents in the first
month of the present year. Unbleach-
cotton shows an average export value
in May of SIS cents per yard, against
81 cents in March and S.S cents in
December of last year. Pig iron shows
an average value in the exports of
May of $17 SO per ton, against $19 04
per ton in December of last year;
steel rails. $2S.23 per ton in May
against 1924 in April; structural iron
and steel, $44.72 per ton in May
against $49.19 per ton in March, and
$51.64 in October of last year. Sole
leather shows an average export price
in May of the current year of PIP
cents per pound, against 22.7 cents in
February last. Crude mineral oil eX
ported in May of the current year is
stated at 8 cents per gallon, against
ga cents in April, and $50 cents in
August of last year. Illuminating oil
is given at 6.1 cents per gallon in May
1910, against IL cents in May 1909
Paraffln is reported at SO cents per
pound in May, 1910, against "A cents
in March, 1910, and AS cents in March
and April, 1909.
=,
higher prices in practically all cases
The average export price of fresh beel
in May, 1910 was 1O.S penis per pound
. against 10.1 cents in January, 1910
and 1912 cents in May of last year
Canned beef-in May, 1910, averaged 12.1
cents per pound, against Ill cents il
: January, and 1917 cents in May of last
year. Bacon in May of the current
: lyear averaged 1873 cents per pound
, against 10 cents in March, - cents
in February, II cents August, 1909, anC
1913 cents in May of that year, al
advance of practically so per cent.
in the export price during the year
Hams and shoulders exported in May
1910 averaged 1876 cents per pound
against 11.2 cents in May, 1909. Lard
exported in May, 1910, averaged 1871
cents per pound, against Ill cents
in August and 10.4 cents in May oil
last year.
In the domestic markets nearly al
articles show lower prices in May and
June 1910 than in the corresponding
J period of last year. The Bureau of Sta
! ticti S figures of domestic prices come
! down to a later period than those OF
export prices. OF rice the price in
) New York market on June goth was
Csc per pound against 3-4c pei
, pound in the corresponding period OF
, last year; cotton on June oath in the
New Orleans market, Ia 7-Sc per pound
against Is 3-4c per pound in December
, of last year; washed Ohio XXX WOO
on June 10 was 92c per pound, against
SIC per pound in November and De
cember 1909; unwashed Michigan fine
= wool, on June oath was 21c per pound
= against an average of 26c in August O.
last year; secured territorial fine med
ium wool of staple" grade on the 10tl
, of last month, 63c per pound, agains
l72C i'm the second half Of last YEAR