Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1912-10-26
BEATS
ALL RECORDS

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Henry Clews drops into suspicion
Of humor in his special letter of Octo
Der IL, when he says that Fin the first
half of the yeel; baseball, battleshiDs
and the Balkan war were too strong
q combination of diversions for the
stock market" The letter begins with
latest harvest figures and cheerful
comment thereon as follows ..E. &
(, This harvest has surpassed all rec.
ords, and such brilliant results as
were indicated in Wednesdays gov.
eminent report cannot but have a fur.
Their stimulating effect upon business.
The results compared with last year
are as follows: ~ - -.. s..
+ ?. sss.....- ~ 1912 ,. 1911. =,
Wheat bis. 72O,000,000 620, 100000
Corn, ls3,o16, 100000 1851, 000, 900
Oats, bis, ALI 900, 900 $4,000, 600
Rye, bis w ;. $4,000, 900 $4,000, 900
Barley, bis. 224,000, 900 100000, 900
Potatoes bis 401, 100000 $4,000, 900
Hay, tons % "a, 425,000 90, 100000
Not only are these crops. the larg-
est on record. but in most cases, what
is highly important, quality is exeep-
atfonally good. 1t should also be noted
that the fruit crops as whole have
been unusually abundant, and that
never in its history has the nation
been SO generally and so generously
favored. by nature. ALI food products
derived from plant life should be rela-
lively cheap this year and aid materi-
ally in keeping down tae cost of liv-
ing. Only meats are likely to be dear,
since the supply of these has been ac-
,tuallyr declining. If the cost of living
is to'Ee reduced, it can only be accom-
plished by larger product and less
waste both of materials and labor
Estimates now place the value of ag-
ricultural products this, year ais !. high
as $4,000, 000, 600. Possibly this fig
sure is excessive, but it is safe to say
our farmers will produce at least
S500000,O00 more than last year. With
such o marvellous increase in the
bounty Of nature, it will be impossible
to prevent an active fall and winter
trade. Pessimism must shrivel away
before such results"
Mr.. Clews says that intrinsic con-
ditions continue satisfactory, the vol
une of trade being large and constant
ly increasing. All records in some re-
spects are being broken in railroad
traffic, but he. complains that the In
terstate Commerce >. Commission is
dominated. by anti-railroad sentiment
Following are some keynote remarks
by the New York financier: ..
E"No better evidence of business &C
tivity can be found than the tremen-
dous demand for iron and steel. Pres
ent indications point to the largest
production of pig iron and steel ingots
on record during the calendar year of
1912.
In the textile trades business is
also active. Liberal orders have been
placed for many fabrics, and the lower
price of cotton has served to place
that branch of our textile industry
upon a much firmer foundation than
existed six months ago.
. "A still more convincing proof of
business activity is found in bank
clearings, which last week showed an
increase of % per cent over last year;
this increase being we'll distributed
all our leading business cities.
In the money market a somewhat
better feeling prevails and further
may be averted until the
usual pinch around January /. The
however. is not free o.
doubt. Gold imports from Europe have
been delayed by the Balkan situation;
and the possibility of stringency has
our government to express it's
to give whatever relief
may be necessary. It seems quite Ger
tain that the government will use
every legitimate effort to cOunteract
Very soon the market will be
election day and endeavor-
ng to discount it's result, so that con-
1itions suggest somewhat unsettled
md fiuctuating market.
Our agricultural prosperity is a
'ock of strength and has not yet been
uAy discounted"