The morning call., 1890-07-02
CONDITION OF TRADE.
The Markets Characterized by
Midsummer Dizziness.
Dry Gqods Sell Well-Al Branches Of Fruit
Active-Wheat Exports for the Crop
Year-Bsnk Clearings.

sorts week earlier than usual This prob
ably accounts for the general dizziness OF
trade last week and the falling off in the
bank clearings, which were So. 42S, 600
against SIG, 353, 600 for the corresponding
week last year. In fact the fruit trade
was about the only real lively branch of
business during the whole week. Still we
are doing very fair midsummer trade, all
things considered. Complaints of slow
country collections are heard, and money
is rather close in the interior, though it is
in ample supply at previous rates in this
city. The Fourth falls on Friday this year,
and as Saturday is only halliday at best
the banks and exchanges will remain closed
from Thursday to Monday. Hence but
little business will be done during the COM
ing week.
We are not making very good showing
with our local bank clearings this year.
For the first half OF 1890 they foot up S3S4,-
$4,000, against S590. 500, 600 for the first
half Of 1889. Decrease for 1890, S13, 654, 900.
The Bradstreet Mercantile Agency re-
ports 479 failures for the Pacific Coast
States and Territories for the first six
months of 1890, with assets $1,56S, 45S, and
liabilities 5000, 782-as compared with 424
for the corresponding six months of 1889,
with assets 81, 132, 1888 and liabilities s., $685.,
$50.
THE CEREAL MARKET
All cereals are dull, save wheat, which
has advanced to 81 30 to l S2h for No. 1
with good demand. But business is quiet
as arrivals are light. The exports Of wheat
from this port during the crop year Of 1882
80 just closed were Is, 702, SS7 centals, valued
at SlS,092, rs. against Is, 46j, 600 centals at
S20,047, 900 for the preceding crop year. 1t
will be seen that wheat was much lower in
16S9-90 than In 1SSS-S9.
Barley is quiet, but steady. Corn is in
heavy supply at a further decline Oats
are tending downward as new CALIFORNIA;
are expected in this month, hence buyers
purchase no more at the high prices than
they can help.
Rye is neglected and lower with large
stocks.
GENERAL COUNTRY PRODUCE.
There Is just now marked scarcity in
mutton all over the Pacific Coast and prices
are high in consequence. The scarcity is
due to the severe winter, during which
many sheep aud lambs persisted. Ship
mentS of mutton are being made from San
Francisco to Oregon and British Columbia,
and from Southern California and Arizona
to Chicago and Missouri River points
Beef is abundant and weak at cents,
while prime mutton is worth cents. Quite
a difference.
LAY - utCllHluB, dS IcCGlplS VI LIE new
crop are large.
Beans are lifeless and nominal, and
Llmas, whites and plnkS are going down
under large arrivals.
Butter and cheese are steady at about
last weeks prices. Eggs show little change
plentiful For California ranch eggs there
is good demand.
Peaches nave gone up under an enor-
nous demand, which is fully explained in
the paragraph concerning canned fruit.
On Monday they sold as high as 81 421a per
basket remarkably high price, but al the
close they are weaker
Dried apricOtS of the new crop are COM
Ing IN, selling at Is to IA cents per pound
for bleached. These are profitable prices,
The New ork market for dried peaches
aprlcotS ana prunes has gone up again,
hence these varieties are stiff at high ask
ing prices. This is a bonanza year for
frult-grOwers. California is called upon to
supply fruit 10 the whole United States.
Hops, also, are very stiff, and buyers are
now bidding Is cents for new crop, but most
growers are sanguine of the future and de-
cline to let go at this figure. Some, how
ever; are willing to sell at 20 cents. The
market all over the world is strong The
German crop is large, but the English crop
looks poorly. The demand on the Pacific
Coast is very brisk
Wool is dull and weaker, and although
no actual decline has taken place, sellers
hOuAH I4afO " ludhS GUuCcSSlUuS 10 place
round lots.
Hides are dull and weak. So is tallow,
which is in very large supply.
GROCERIES AND PROVISIONS.
Canned fruits form the chief feature of
the grocery market at present The failure
OF the Eastern peach crop has caused a
sharp advance III the New York canned
frnlt market peaches being the leader, with
apricots close second. California being
about the only source of supply this year.
an enormous demand for our canned fruits
has developed during the past few days.
AS natural result we have a booming and
excited market. Some Gamers largely over
sold themselves some time ago, and have
since been skurrylng about among the or
chards buying large quantities of peaches to
I'LL their shortage, paying up TO 21a cents
per pound for freestones and cents per
pound for choice clngs Canned peaches
have been sold during the week at 81 50 for
freeStones ana 81 for clipgs, though at the
moment most Gamers decline to sell any
more canned peaches until they see how the
crop is going to turn out, and to shut off
further demand have purposely advanced
prices to point that practically prohibits
sales. IL the crop turns out well the can
ners Will again meet the buyers. The San
Francisco Gamer who is notshort is at pres
ent about the most Independent man in
town. 1t is said that canned fruits are bet
ter cleaned up here than for ten years back.
Prices for peaches for the daily trade of the
city have also gone skyward. This is a
great year for the California peach.
Sugar Is In active demand at unchanged
prices. Dealers report coffee quiet and
steady at previous quotations. The bulk of
the crop Of the best grades of this seasons
coffee has now come forward from Central
America, and future receipts will be of low
grades, the quantity being estimated from
10000 to 1900 bags. Last year receipts
from this date to the close of the year were
1900 bags.
Rice is firm at the good prices, owing to
causes several times explained in this col
umn. Stocks are light The shipments of
Louisiana rice to this market have ceased,
owing to the high prices and scarcity which
prevail in the East.
Salt is weak under heavy supplies and
the cheaper grades of Liverpool are now
down to S13 per ton
Provisions show no noteworthy change
Trade is fair Bacon and lard are easy,
out hams are firm, as choice ones are in
light supply.
Canned salmon is quiet and weak at last
weeks prices.
Starch has again been marked up.
MISCELLANEOUS.
Dealers in dry goods report very fair
summer trade. Fancy goods are especially
active and woOlenS and cOttons are also in
good demand. Prices for almost all lines
are firm, with an advancing tendency.
Cigars and tobacco are reported in fair
demand.
Metals show some changes. Tin plate is
firmer at 81 10 to 81 so per box. Pig tin
rules firm at % cents spot and 23h cents
per pound to arrive. Quicksilver has been
coming in freely of late and the mar
is quieter and easier in consequence at
decline.
Coal is steady with short stocks of for
eign and ample supplies of Coast Goals.
Cumberland was advanced 81 80 per ton
yesterday. Anthracite is lower. The re-
ceipts of coal at this port during the first
half of 1890 were 4s4, $50 tons, against 49,
200 during the first half of 1885, The We'll
lingtOn strike is not yet settled, hence ar
rivals from that mine are light.
Lumber is in active demand and firm at
the recent advance. The receipts at this
port during the first half of 1890, compared
with the corresponding season in 1885, were
as follows: Pine, 114,000,00J feet, against
160 10000; redwood, "a, 315, 900 feet. against
S5,0O0,0o0 shingles, 50, 703.0O0 against 49,
$4,000; railroad ties 776, 7Sj, against liz, 504
Cantaius Held al