The Hawaiian gazette., 1917-04-13
HIGH PRICES BRING
COAST PROSPERITY
Federal Banks In San Francisco
Report Increased Wages
and Fine Times
tBH the Associated Pressl

DftNtNfHNf'l Hliu HtiNNH Abi
stock aud many agricultural products,
together with wage increases "under
the influence of an active demand
aud reports OF fewer labor disturbances,
have, according TO the report of the
Federal Reserve Bank here, been con-
ducive to general prosperous eondi-
tion throughout the Twelfth Federal
Reserve District.
"Cold weather in the Northwest
continues the report .''and q general
lack of rainfall has hampered planting
Of many crops and retarded the growth
or others In California the precipita-
tion this midwinter rains with mono
during the Spring, II is of greater bene-
fit TO have smaller total precipitation
with Spring rains distributed over a
considerable period There still re-
mains enough Of the season classed as
rainy for adequate precipitation, but
the dry season in California is 80 long
| that sufficient moisture must be had in
| the rainy season TO render crops pos
| sible. Delayed precipitation consequent
| ly always tends to rouse apprehension.
| Snow has covered the ground in Idaho,
| preventing damage being done to fall
| sown grain by the cold in weather.
! Except for unusual cold about the end
of December, Arizo reports mild
winter with sufficient precipitation to
insure early feed.
. "The present Indications are for
large crops Of both wheat and barley
in this district, provided sufficient rains
are forthcoming. Due to the high prices
received during 1916, there has been
considerable increase in the nereuge
planted.
"It is predicted that the berry crop
of Washington in 1917 will be abund-
ant, The fall frosts have put the plants
in good condition to withstand the
winter weather. ...a.1s
THE prices of onions, cabbage, pota-
toes and some other vegetables have adj
yanced extraordinarily.
Il 1.-THE present market for apples il
.unsatisfactory Sales have been recorded
at prices as low at $1l0 per box, with
transportation costs of fifty cents per
: box; there is little profit from sales at
: such prices. Stocks on hand january
LIST, 1917, were not as large as those
at corresponding date last year by APP
proximately I,500O00 barrels.
Final figures for 1916 place the
, California Tilisin crop at 10000 tons
9 The prices in 1916 were from $3.50
y per ton higher than those in 1915.
. 1.-THE output of sweet wine In 1916
Q was FIVE times that of 1915 and aggre-
= gated over 100000 gallons.
y "In 1873 the first Washington navel
Y orange tree was planted in Southern
= California. The development OF, the
n citrus tree industry of the States has
Il been chiefly since that time. Now there
= are approximately 205,000 acres plant
10 ed into citrus fruits, of which 100000
m acres are in bearing, representing an
,e Investment of probably 100000, 900
Is with an annual product having value
o. of near $50,000,000. In the last seven
as years, the amount of California citrus
he fruit consumed by the people Of this
" country has increased more than six
he times as rapidly ms has the population.
At this season shipments are going for
ed ward in large quantities and satisfae.
lip tory prices are being received.
of "Salmon prices continue TO advance
m. as the stocks in the hands of the pack
to ers diminish. The supply Of the
Or higher grades is entirely sold out.
he daily production of petroleum fpl
so January 1917 averaged 261,S79 barrel
SITS and shipments averaged $685. 64 bar
es' rels. The daily production during thi
he month came more nearly equaling ship
MI ments than at any time since Jul,
go 1916, the decline in stocks in Januar
, being but 81, 4s5 barrels daily com
the pared with 60,580 barrels daily i
all December, Total crude oil stocks o
UNI hand January 81, 1917, were $4,000, Is
'm' barrels. The greatest activity In ril
me building since May 1911 was reporte
my in January when 100 new rigs weI
OF constructed. t strt n
ms During last month, the organic,
ass ass tion of the Pacific Developmer
ing Corporation has been announced, eoi
sne Wv. solidating two companies operating
e"' the Orient with the purpose of expan
ing the scope Of their business. Tn
is one of the increasing evidences
growing transpaeific commerce
&c Charter rates are reported
20 slightly frmer.
"Clearings of nineteen princip
ime cities Of the district during Janua
ong 1917 show an increase of so per ee
lilo over those " January 1916; Salt La
und City led with 90 per cent followed
re- San Francisco with So per cent a
ion. Seattle with so per cent. Buildi
,ing permits Of the same nineteen cities
Pus creased 20 per cent over the c,
sors responding month in 1916, Los Angel
leading in the percentage of increas,
the Real estate transactions are in
the creasing volume and greater actiyi
idav is anticipated during 1917.
~ "0n January LIST, 1917, there "
his on deposit in both national and st,
Ths banks in the Twelfth Federal ReseI
rron0 District approximately $l,6Ss,O00,l
g. e. or $500 for each inhabitant Of I
.i ioI seven states that comprise this Z
''ion trict, viz: Arizona, California, Ida
oNes Nevada, Oregon, Utah and WASH
y = nc ton. This Is 500 per capita more h
10 ON January !, 1915, when there was
lerln deposit Approximately 81, 265 900 900
sGer, ."In the event Of large purchases
tnat supplies by this government for ,
ncles purposes, there would presumably
increased activity in lines direC
affected, but this would touch this
* trict less than those in which manui
turing industries are more highly
re- veloped. On the other hand, when
l.. 4 e n So 4 q \