The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1910-04-28
Financial and Commercial News


! of depression the demand for stec
and iron products is always most II.
gent. The iron market of the United
States in the past few months mas
been very active, and may exceed the
records of 1907.
Copper and Steel the Barometer.
After the movement in steel bust
ness men generally watch the move
ment in copper. Throughout last
year there was a very large accumu-
lation of copper During the present
year stocks have been worked off
And at present they amount to only
about two months consumption.
These two metals are satisfactory
barometers for the ordinary business
man, but business leaders look also to
the crop and financial statistics in ad-
dition to the metal market"
What are the prospects of the
crop and the money market?
It's bit early to form an accu-
rate opinion regarding the crop. Ow-
ing to the high prices that have been
obtained by farmers for several sea-
sons past there has been great ex-
tension in acreage for all crops. Should
we get fairly normal weather condi-
lions the eros should turn out well;
under these conditions, with a con-
tinuance of high prices, the country
will benefit enormously in wealth,
which will be used in prolonging the
BOOM
with regard to money. it has a
hardening tendency at the present
time in sympathy with similar ten
dency in Europe.
"This condition will be overcome
this spring, and we should expect
easy money to rule until the end OF
the year"
What effects have the political I'M
certainty at Washington, the conser-
walton discussion, the exposure of po-
litical graft in various parts of the
country and the revealed misdoings OF
trusts on business?"
Cleaning up the Sores.
~. I'VE are cleaning up these sores
and are getting ready to start out
new and fresh. Their efforts are
purely temporary. Business is not
dependent upon purely local condi-
tions. The big swings in business
are world wide in extent. We never,
find business, in a healthy condition
in an isolated country. But, when
ever business has been booming in,
any specific country-say, for instance,
the United States-we will find that
similar conditions exist in all the
leading countries associated with the
United States in international trade.
orient Will Help.
cat the present moment, business
in the far Orient is rapidly reviving,
and the prospects are that there will
be a greater boom during the next two
~ I'LL &C years lllull Jllt OllCllJ has CNCl
before witnessed. India has had a
succession of good harvests. China is
the construction of very
public works throughout
he empire. Japan is developing
Formosa, Manchuria and Korea on a
arge scale. The rubber boom in
England during the past six months
has led to the formation of a large
number of new corporations to grow
'ubber in the East Indies. This IN
urn. has led to boom in land values
n the Indies and has greatly increas-
ed business.
"The result of these movements VIII
De reflected in very great demand
or western goods. The United States
will share with Europe in this increase
n trade and the effects of this great
,uying will override any depressing
effects of local politics on trade in the |.
United States"