Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1912-08-05
MAINLAND CROPS
VERY PROMISING

Henry Clews, in his special letter
of July 20, gives the following cheer.
full estimate of the business situation:
''The prime factor in our business
situation at the moment is the SPLEEN
did crop outlook. Wheat has been;
doing particularly we'll. The result
has been a decline of about II cents
per bushel during the past month, and
the outlook is for yield of about
700,000,000 bushels, compared with
621 10000 last year, provided no in
jury occurs during the next ten days.
The only crops of Importance con-
corning which there is any uncertain
ty are corn and cottonk Both are late,
but have recovered much 5of the lost
ground. Their present outlook is for
a very large yield, but ! both crops
have number of weeks to run be-
fore maturity August is usually a
month Of deterioration for both Of
these crops, whose chief danger is
early frost. Fortunately, there is am
pie margin in present conditions to
secure a full average yield If nothing
more than ordinary deterioration oc-5
CuI NC
therefore, is ernfnently satisfactory;
and once more the farmers who must
still be considered the backbone of the
country are assured profitable har-1
vest
Prices are still high for nearly all
agricultural products, but that must
be chiefly attributed to relative scare
ity. The United States is much in
need of better results from the farm.
The last census shows that while our
population increased 20 per cent in
the decade the acreage under cultiva-
ton increased about per cent. This,
it need hardly be said, has not little
to do with the high cost of living. Our
farmers should get busy and increase
their product by more scientific meth,
DDS, if not by larger acreage. Living
on the farm is in many respects much
more attractive than formerly, and 1t
is high time that the tide should turn
back to the farm, if only to prevent
the unwholesotne congestion of popu-
Iation in our large cities which Sc
riously augments social discomfort
and unrest.
Another direction in which inn
provement is noticeable is in the iron
trade. The railroads have again been
buying materials and equipment with
greater freedom and in spite of adj
vancing prices. It is many months |
since the steel trade has been in as
satisfactory condition as today. Pro- |
duction is running on a record-break- |
ing scale. General business cannot be
expected to persistently ignore such !
encouraging conditions in agriculture
and in the great basic steel industry. |
From all parts of the interior come re-
ports of increasing confidence on the
part of businessmen, bankers and
those at the head of industrial affairs. !
Preparations are now being made for |
a good fall and winter trade. Politics |
are much less disturbing and there ie |
an inclination to sidetrack such issues |
as far as possible. West of the Allie, |
ghanies the drift of sentiment is de- |
cidedly toward optimism, and this feel |
ing is slowly but surely making itself !
felt throughout the entire Atlantic |
seaboard.
1.-The monetary outlook has improv-,
ed. A better demand for funds is an
ticipated in the early future owing to
crop requirements and the increasing
activity of business. Our banks have
been Strengthening their position by |
calling in of loans, which evidently
had much to do with last weeks liQui-
datiOn in stocks"