Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1917-12-03
BANK RESOURCES
DESPITE
SHOW ADVANCE
rHH Associated Pres.1


san FRANCISCO. Nov. l. -- Bank
resources in the twelfth federal re-
serve district instead of being ad-
'versely affected by a first Liberty
Loan, showed marked advance over
the corresponding period last year &C
COrding to a statement on business
condition issued here today by the
District Reserve bank. The statement
reports disturbed labor conditions but
e superb agricultural situation.
The salmon pack reported previous
ly from other sources as generally
very light, will show an extraordinary
total although weak in spots. the re-
port says In part it follows:
The Second Liberty Loan has had
the center Of the stage during October.
Subscriptions to the first Liberty Loan
closed June Is and the last payments
We're made August Is. Consequently
! the pressure upon banks because OF
withdraw ais 1Gd borrowings occasion
ed by the first loan would appear
within this period. Some timid banks
| feared great reduction Of resources.
The loans. however, Of the national
banks in the eight reserve cities of
this district, show an increase of only
100000 from June 20, 1917. to
September II, 1917, while deposits in
creased $32,3OO,O0O. During the year,
September -, 1919. September Il,
1917, deposits in the same banks in
1917, deposits in the same banks in
creased $S0,0OO,00O ranging from an
increase of III per cent in Los Ange-
les to 24.2 per cent in Seattle. While
complete reports of state banks are
not available, those published indicate
a similar trend.
In Arizona the |. w. w agitation
has ceased although the Miners Union
has not yet voted to return to work
in the copper mines. The most serious
recent depreciation has been the fir
ing of grain and feed in the San Joa
quin valley in California.
The yield of grains is below normal,
except in the case of barley. The hay
crop is about normal with decreases
in Oregon and Washington and in
ereases in California, Idaho and Utah.
The October LIST Government fore
cast gives Washington's commercial
apple crop as 3,660,00O barrels, an in
crease of 100000 barrels over that
of last year. The increase would
have been greater but for the cooling
moth. A large canning and evaporat-
ing establishment erected in the va
kima district will save four to five thou
fruit heretofore wasted. The North
western Fruit Exchange reports the
1916 apple crop in excess of $1,000
cars, compared with $500 cars in 1915.
During the past three months anew
record has been established in. the
shipment from California this season
of $4,000 carloads of deciduous fruits
and other perishable commodities.
The California peach crop this year
exceed that of last year by 100000
bushels. A threatened box shortage
may hamper future shipments of de.
cidHous' fruits. The California prune
crop will exceed all records. The
condition Is given as go, com pared
with a six year average of II. The
condition Is Southern Idaho, how
ever, will be only about 40 per cent of
normal due largely to hot weather
early in October.
The California bean crop aggregates
9,2Se,0O0 bushels from $4,000 acres,
being twice that of 1916 from $4,000
acres. The value OF the lima bean
crop IN Southern California is estimat-
ed at 10000, 600 that of other varities,
100000. The crop of pink beans in
the Delta region near Stockton, Cali
fornia, will be from $4,000 to 100000
sacks.
Constantly increasing hay prices,
with alfalfa now quoted at S25 per
ton, are causing many farmers in Cen.
trail Oregon to ship their breeding
cattle to market.