The morning call., 1890-11-12
CONDITION OF TRADE.
A Good Business in Both Prod
uce and Merchandise.
The Record of Failures-Bank Clearings-Ex-
ports and Imports = Our Canned Fruit
Wanted in England

Notwithstanding the election last week,
our local bank clearings fell behind those of
the corresponding week last year (when
there was no such interruption) only
S456,000, which shows that we are doing
more business than at this time in 1889
The result of the phenomenal fruit year is
now plainly seen in the increased abundance
of money as compared with this time last
year. 1t thus app! ears that our expectations
of last summer are being realized and that
we are winding up the year 1890 in pros
porous and highly gratifying way
The Bradstreet Mercantile Agency reports
90 failures in the Pacific Coast States and
Territories for the month of October, with
assets at S261. 904 and liabilities S467,5 as
comparcd with 63 for the corresponding
month Of 1889, with assets at S167,0S0 and
liabilities 500, 494.
Following are the causes assigned for the
failures Incompetency 90 inexperience
II, inadequate capital for the business I'M
dertaken y, injudiciOus creditlng l, personal
extravaganza l, neglect of business and bad
habits g. excessive competition 4, unlayor-
able circumstances, floods fire, ETC.. II,
fraud IL.
THE GRAIN MARKET.
Wheat is easy aud dull at slight decline
from lately ruling prices, and 81 80 is now
full figure for good No. 1. The exports of
wheat. and -four reduced to wheat basis,
from this port during the first four months
of the current crop year amount to 4,675,O00
centas, valued at Sc 407, 600, against 8, 52, coo
centals, valued at Sc 936, 600, during the first
four months of the preceding crop year.
The exports of -four alone were 407, $40 bar
rels, against 425, 725 barrels last year.
Barley and oats rule firm at about last
weeks prices, aud there is a fair demand for
both.
Corn has been concentrated by one house,
and yellOwS have been marked up to 81 30.
White corn, however, is weak.
Rye is quiet and steadily held. All de-
scrptions of feedstuffs are firm in sympathy
with raw grain.
GENERAL COUNTRY PRODUCE.
Hay is rather easier 1t is high enough to
satisfy the average man, the finest selling ut
SIS 80 per ton. The demand for 1t Is fair
and receipts are not heavy.
Beans continue unsettled, though the de-
mand is not as brisk rs fortnight ago. A
| local trade journal says: That there is
large crop of beans this season is clearly in
| Dictated by the recent heavy receipts at this
| cent er, 100000 sacks arriving here in OctO-
/ - :
| LIST is about 10000 sacks, ana fully $1,000
! sacks in excess If the receipts for the cor
res ond ng time in 1889. According TO rel
! able advices the crop Of Lima brans Is by
long odds the heaviest ever grown on the
| Coast
Potatoes are steadier at slight advance.
| Onions are firm and high.
All kinds of butter, fresh and picked,
have advanced, and the market is slen-
| derby stocked and strong. Stocks of picked
| are running low. Some Eastern butter Is
| now coming in.
| Eastern eggs are now in supply and
| lower, but choice ranch eggs are scarce
! again, and the market has recovered to
Az cents per dozen.
Honey shows no further change, and fine
| white comb and extracted are firm and
wanted.
Dried fruits are unsettled and quiet
Prunes are firmer at a recovery, but apples.
peaches and plumS are weak at slightly
| lower prices.
WalnutS are weaker and freely offered,
but generally speaking nuts are scarce and
| firm unusually high prices.
| Hops are strong at 50 10 40 cents per
pound. The great bulk of the crop has
passed out OF The growers hands.
Wool is hardly as firm as it has been, but
| prices show no variation. The inquiry is
| lair. Hides are drmorallzed at lower prices
than have prevailed tor years.
| The meat market shows no important
change beyond an advance in calves, which
| are scarce. Beef and mutton are in sufti-
| cient supply for present needs.
Tanbark is lover.
| GROCERIES AND PROVISIONS.
Sugar has shown no change during the
| week, and is reported in fair average de-
mand
Dealers report coffee quiet at the quota
| tons of last week.
| Rice is unsettled at the high prices and the
| demand is good.
Provisions are reported active. Bacon is
higher i'll sympathy with strong Western
| markets. Hams have shown a further de-
| cline.
The demand for canned fruits shows no
! Abatement, and Gamers report greatly re-
duced stock. The hiah prices still rule and
| the movement Eastward is large. Anderson
| IL COltman, canned goods brokers, London,
England. write rs follows in reference to
| the market for canned fruits in that city:
Iu California fruits there is little dong for The
| simple reason there Is none to be had and some
| time ago holders, who bcld large quantities over
for nearly Twelve months, cleared out, mostly for
| shipment back 10 your side, especially New
York, and our large buyers here. who did not
take advantage Of the stocks, which were at low
prices, are now left without anything for the
forthcoming Christmas trade. These fruits are
becoming more IN demad in this country, ana for
next ason. should tie crop on your side be
more plenti full than II has been in tie past sea-
son, yety active business ought to be done.
Canned salmon is reported in brisk de-
mand at Eastern points. Prices unchang ed.
Various brands of starch have been
marked up from q to l cent per pound.
MISCELLANEOUS.
| Dry goods are repoi ted active, with an ad-
| vance in cOttOns AMI reduction in prints
| Clothing is reported in fair demand.
! Metals are generally quiet at previous
! prices.
The coal market shows no particular
change. Spot stocks are still slender and
! high prices the order of the day. The ar
| rivals for the week were 29,042 tons Coast
and 1903 tons foreign. Cables report the
end of the great Australian strike and the
| resumption of work n the collleries. This
| means increased supplies for this market,
| but as it takes 70 days for an average ship
| passage from Australia to this port and as
| these must await their turns for loading,
| three or four months will probably elapse
| before we derive any pronounced benefit
| from that source. Meanwhile-lhat is to
| say at least half of the winter-we may
| still be at the mercy of the Coast mines.
| Hence any marked reduction in prices is
hardly to be hoped for at present.
Exports Of specie from this port during
| thu first ten months of the year were S10,-
469, 300, against S22370,000 during the same
| period last year. The falling off this year
| is principally in silver, Mexican dollars and
| gold coin. Last year we exported over 81
| 100000 in silver; this year only S254, 800.
| The cause OF this Withholding of silver for
export was due to the passage Of the Silver
| Bill.
Produce exports from this port by sea
| during the first ten months of 1890 amounted
to So, Az, 900, against S33, 255, 900 during the
| NorEn in,