Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1910-05-02
BUSINESS OUTLOOK GOOD

NtN lol ~
ceived by the last mail comment on
the attitude of the United States SUI
preme Court on antitrust laws and
the general drift of the business OF
In most interesting manner.
Apparently Wall Street drew 4
sigh of relief when It read the an
nouncement that the decision in the
Company cases would be reargued.
This means that II will be practi-
cally year before final decision
can be rendered" says the circular of
Henry Clews under date of April
16. "A great deal OF uneasiness and
uncertainty had been raised concern
ing the outcome of these problems;
and much of the recent depression
aud hesitation on the Stock Exchange
was due to this influence.
"The unexpected removal OF such
an incubus gives the market fresh
life and activity. Delay is evidently
the result of Judge Brewers death,
and suggests a division of opinion In
the court which necessitates waiting
until the new appointment Is made
and the cases have be,n rea:gued,
The belief, also. that the Supreme
Court was not wholly antagonistic to
corporations has had quite as much
to do with the revival OF confidence
as the actual delay In any event an
adverse decision had been fully dis
counted, and this unexpected action
proved the turning point of the mar
ket."
This comment brings home TO the
reader that Interpretation OF the law
by the courts is quite as important
In its bearing on business as the law
itself.
y or more immediate interest, per-
haps, Is the comment of a later cir
cular. in which the crop conditions
high prices and the trend OF politics
lare considered.
One of the most important featurei
to Hawaii is the statement that ths
damage from extreme weather in the
{ Middle West Is not so great as a.
first reported. Producers OF sugar
would feel any great disaster in the
farming districts of the mainland, al
one of the first results would be {
reduction in the years consumption
A On the natter of high prices Clewi
Says; Continued agitation agains
high prices is having an unmistaka
BILE effect, and has awakened the pub
lie mind to the absolute necessity fol
economy. In some instances the ex
haustion of buying power is forcing
economy; In others a recognition o
THE too-rapid PATE at which the coun
try was going bas produced greatet
conservatism, There has unquestion
ably been lessened consumption g
many articles OF food and other ne
cesslties, as wen as Injuries. Re
tailers are in consequence buying II
small quantities and the reaction
thus started Is passing on to the job
Der, the wholesaler and the pro
aducer. In consequence we are wit
Messing declining prices in nearly al
OF the commodity markets; a natural
i Wholesome and highly desirable re
faction from the prohibitive level 4
which values had frequently risen.
Political results do not appear Il
be causing financiers any deep worry
though 1t Is admitted that they ar
hesitating little. But Clews think
the elections in Massachusetts, an,
New York have made, two thing
very plain, namely:
First, that the tariff must b
again revised. and this time down
wards, also that the people are wear
NJ political corruption and are Sc
lecting a higher type of men as thoi
representatives, TO the litter discom
hture OF those who have profile
through bosslsm and corruption
Rightly viewed, such readjustment