The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1910-04-18

gardlnB the crops, most OF the re- .
ports of damage to early wheat and !
cotton having proved to be exaggerat- !
ed. IT is quite certain, however, |
that there will be a larger acreage OF |
cotton. wheat and corn The out
look for meats, however, is not 30 +,
favorable, since it takes more than
single year to raise a larger crop If
beef, mutton or pork SO high prices
for meats may be expected for some
time to come, unless some relief could
be obtained by abolishing the duties
on cattle and satisfying a portion Of
our needs through importations. The
iron trade, which is still our chief
industry; is in good condition. There
activity prevails and prices are not
.unreasonably high. Moreover, many
orders are held back partly because
of the difficulty which the railroads
their requirements, and partly be-
cause some buyers are holding off in
the hope of obtaining concessions.
So far as this branch of industry is
concerned, there is every prospect Of
continued activity for months to
come, especially as soon as easier
money enables railroads to buy more
freely. The textile trades are suffer-
ing somewhat from high prices, which
has checked consumption and made
buyers timid, causing more or less
difficulty in the readjustment between
high prices for raw material and SELL
ing prices for the finished product.
! There has been considerable curtail-
merlt amongst both cotton and wool
en- mills, the effects of which will
eventually serve to steady these mar
kets The dry goods trade, more
over, anticipates some improvement
resulting from the advances in wages
which have occurred in many indus
tries, and which will increase the
purchasing power of labor.
AS to the future, the present period
of depression cannot last. Prices re-
coded owing to the temporary condi-
ton of the money market, the con-
gestion in bonds and the disturbed
political situation, but these condi-
lions have been amply discounted
underlying conditions continue sound
and when it is shown that the earn
ing powers of our great railroad sys-
TENS and industries are not impaired
confidence will return. and the secu-
rites of well established properties
will be once more in demand and
must recover from the present re.
action. Such a recovery cannot b.
very far distant, and should come as
soon as easier money is in prospc 1t
The fact that April 1st, usually a pc
riod of special disturbance in the
money market, has been passed will
: scarcely a ripple is of itself assur.
ing; and if Europe needs gold the sit
uation will be helped by sending j
where it is most required.
! The reforms adopted by the Stool
4 Exchange will be welcomed by thos
, who stand for the best interests o
J. its members; and the governing com
a mittee are entitled to generous ack
nowledgments for the progressive ant
the courageous stand which they hav
taken. The reforms introduced ar,
T.; line with those recommended b,
the Hughes Committee, and will NJ
doubt be beneficial to the Exchang
and to Wall Street in general, mas
much as they will tend to-impart con
= fidence in the integrity of dealing
there. Much business has undoubt
edly been driven elsewhere by hostil
e opinion, and it's removal will stimu
y late legitimate transactions.