The morning call., 1890-09-10
CONDITION OF TRADE.
Business Last Week Decidedly of
a Holiday Character.
Further Advance in Sugar-Hops Still Higher
Increase in Bank Clearings = De-
cline in Silver.


clearings, however, showed an increase, be-
ing S2o,123,6O2 against SIT 100 for the
same week in 1889.
Silver broke two points during the week
owing to diminution of purchases by the
Government and heavy imports from abroad.
II is said that some 100000 in Mexican del
lars and $4,000 in Peruvian soles imported
at San Francisco have been ordered to be
melted into bars to be offered to the Govern
ment Some OF this coin has already been
turned into bars for the first time in this
trade 1t is also said that Mexican dealers
have already put up their prices for dollars
10 point that makes it risky to import them
for bullion purposes.
The Bradstreet Mercantile Agency reports
eighty failures in the Pacific Coast States
aud Territories for the month of August,
with assets at S26S, 515 and liabilities $780,
345, as compared with ffty-two for the cor
responding month of 1889. with assets at
$107,317 and liabilities S2l7,650.
THE GRAIN MARKET.
Cereals were quiet last week. Wheat con-
tinued TO decline, closing at 81 50 to 81 36A
as full figures for No. 1. The exports of
wheat. and -four reduced to wheat basis,
from July 1st to September 1st were 2,304,-
2,493,000 certals at 1891 600 during the
same period In 1889. The exports of flour
during these first two months of the crop
year were 1866 barrels. against 223,35i
barrels in 1889. Flour has been in fair de-
mand at unchanged prices. About dozen
vessels chartered for wheat-loading have
reached port during the past week, relieving
the stringency that previously prevailed in
the tonnage market
Barley has taken another upward turn,
and choice feed is now worth 81 321a to
81 35, with light offerings and a good de-
mand. An active business in brewing bar
ley is also reported.
Both oats and corn have arrived literally,
but dealers have succeeded in holding IN
prices, though both markets have shown
shaky symptoms at times. Black oats have
gone up sharply under northern coast de-
mand for seed.
Rye is in heavy stock, dull and democrat
lied.
Bran and middlings are in good demand,
but prices are irregular and unsettled.
Grain-bags are weak and dull, and the
season is practically over.
GENERAL COUNTRY PRODUCE.
Hops continue to advance. They are now
Squarely up to 3211a to 81 cents, and the ten
dency Is still upward. The demand Is
sharp. but growers continue ofisn about
selling. Late adyiceS from New York say:
The early English hops are coming down
lighter than expected. Picking has been checked,
owing to the increase OF mold. German cables
advise an active and excited market; much
damage has been done to the crop BY the late
rains. Stocks are almost exhausted here. The
situation is strong at all points, and tne future
market depends TO some extent on the Pacific
Coast as The Pacific Coast market is the lowest
market In the world Today.
Wool shows no change of any conse-
quence, as the past week has been of a holi-
day character, and the effect OF the vote on
the tariff bill still remains to be seen.
Hay continues to rise slowly and the
steady demand prevents an accumulation of
stock.
Pink and red beans have declined under
increased offerings of new crop. The other
descriptions are steady and unchanged.
Potatoes are somewhat lower than last
week, receipts being heavy. Onions show
no particular change.
Butter is booming again, and is now quoted
at $50 for the finest roll. This is sharp ad-
vance Scarcity Of fine brands, coupled
with tirmer markets East, keep this market
up. Dealers have advanced the price of
picked roll in sympathy. Cheese shows no
change.
Eggs have been weakening for some DAYS.
and at the close are lower.
Dried fruits show no change worthy of
note. Peaches continue weak, while apples
are strong and in demand Prunes are dull,
while apricOts are in fair demand.
Fine white comb and extracted honey are
firm. but darker grades are weak and dull.
Hides are in very good demand at the re-
cent advance.
The meat market is well supplied with
most kinds and prices show no particular
change.
Wine grapes are looking UP. In SOnoma
Valley SIS is freely bid for Zinfandels, and
the tendency is still upward. Quotations
in this market are SIG to SIT. The New
York Wine and Spirit Gazette saws:
California wines sell at reasonable prices but
Indications OF coming advance In the price are
not wanting. Wine merchants from all over the
country are making large purchases in Califor-
MIA. which Is taken as an indication of a belief
That there VIII be "A rise In the market There Is
also TO be noticed large Increase in the con.
sumption OF California wines, which is encourag-
lug TO The wne-growers.
GROCERIES AND PROVISIONS.
Sugar and syrup have both gone up during
the week and are now considerably higher
than ten days ago. Whatever may have
been the cause Of the local advance, the gen.
eral cause is thus given from New York
Uniayorable advices from Europe respecting
the condition OF the beet CROP which has again
SUITE ed from the effects of unproDitous weatn-r
together with the strong statistical position of
supplies III all The principal consuming markets
has impaired much feeling on the part of holders
and much higher prices are quoted in London for
beef.
Again, stocks on the Atlantic seaboard
have been recently cut into by the sugar
trust, which, fearing adverse legislation at
Washington, shipped from 10000 to 10000
pounds refined to Europe at a small loss. The
trust has since more than made up this loss
IN tae ADVANCE. Inc situation in coffee is thus
set forth In MIR. HOchkOher's circular:
The imports at this port for the first eIeb,
months OF the year were I26, 12S bags aqainst
l36,656 during The same time in 1885. The sales
from nrst hands In the same time were 90 339
bag, Tor local trade and 15,454 for overland shin
ment. The stock In first hands September / =,
was lS,4lS bags. The market since The u ST
has continued strong and firm al former prices
| With considerable transactions pripcinalIy
among dealers. Stocks in first hands are now
concentrated IN few hands and held firmly most
ly at even higher figures than those now cnrrent
Local statistics should Insure d very strong mar
ket for the remainder OF the season. although
| prices VIII necessarily be governed in z measure
| by those prevailing elsewhere. AS is usua1
whenever an advance In rates takes place the de.
mand IS mostly Tor the cheaper grades, prices Of
which have stneDed In consequence Good mn.
washed Salvador Is liz good demand AT Dol
cents but cannot be bought to-day at less than
and Costa Rica are quiet"
Rice shows no marked change from last
week. -"''
Provisions are active and the tendency in
hams and bacon continues upward.
canned fruits are as active as ever and a
further advance is observed in some do
scriptions The Eastern inquiry is unprece.
dented
Salmon is in large movement eastward
and the bulk of the Columbia River mack
has already been disposed Of Alaskan sal
AHSAA - iiSciy' HUGS ulclllQeQ
GENERAL MERCHANDISE
Merchandise was rather tame last weel "a
far as fluctuations were concerned. Con.
siderable trade in tobacco at strong prices.
while cigars are quiet.
In metals there Is little new to report
Quick silver IS in fair demand Tin-piate
has been holding of for the result of the
Tariff Bill. 0
Coal rules firm. Imports, however have
been heavier OF late. Those last week were
3O,432 tons from the coast collieries and
soy from abroad. A local circular says:
There is no very MAJ ked change on the blpb
price oil last week, but at the already advanced
prices only limited amount can be purchased
by any single buyer. That the market is In.
very precarlous position cannot be questioned:
It's nnal situation can only be guessed. II the
coast collierles DO not materially Increase their
shipments there VIII unquestionably be marked
shortage Tor our actual demands this wInfar
Inc long line OF carts forming pror to lie arrival
OF the vessels al the wharf Is indicative OF the
small stocks now In the yards OF the retailers.
The strike at the Australian mines still cnn
tnues; opinions vary as to It's Duration II il To