The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1890-05-07
CONDITION OF TRADE.
Business, Though Quiet, Shows
Some improvement.
The Advance in Cereals-The Coffee Trade,
Coal Futures Easier-The Lumber
Market-A Few figures.


condition OF trade is not at all bad. We are be-
hind 1889 in bank cearngs and failures, but
are ahead IN exports. The crop outlook is get
ting better every day. The leading farm prod.
uets, such as wheat, barley, oats and corn, are
all considerably higher than they have been.
Jobbers In groceries and merchandise report
fair movement to the interior. Money is easier
and In slowly increasing supply. Taken all In
| all, the situation Is encouraging.
San Francisco Clearing Use exchanges In
April were s7O,9SG,274, against S64, zoe, 134 in
! April, 1889. For the past four months OF the
year they were 40,6S4,822. against $780,
| S16,85S during the same period last year.
The Bradstreet Mercantile Agency reports 7S
| failures In the Pacific Coast States and Terri
tories for the month OF April, with assets at
| S326,o12 aud liabilities S575 232. as compared
with LOG for the previous month"; with assets at
S549,525 and liabilities at 81 POI 1856, and SO
for the corresponding month OF 1889, with assets
at S152,768 aud liabilities $780,, 1922.
Collections are hardly as prompt as they have
been, the chief complaints being Of distant couu-
try points.
THE GRAIN MARKET.
The exports of -four and wheat, reduced to
wheat basis, from this port during the first ten
months OF this crop year amounted to IA S95 900
centals valued at 81 535. 900, against IA, 1884,
900 centals at S21, l39, 900 for the same period
last year. The exports OF flour alone were $780,
400 barrels, against 1852, 400 in 1889
Wheat Is now squarely up to 81 30 for Mol, the
highest price for some time. The feeling is very
buIlish and holders are not disposed TO sell. even
! at the advanced prices. There is good specu-
| latiye demand and bears are as few now as they
| have been numerous for the past year or so. The
| Eastern and foreign markets are unsettled and
| bob about good deal. Export trade is dun,
there being practically no ships In port. Otner-
wise there would probably be an active ship
ping movement
Flour is firm In sympathy with wheat.
Barley continues to rise and feed has now
touched 81 o5, which is about the highest price
| OF the present crop year. Brewing descriptions
have moved up in sympathy, though they are
quiet as the bre wers stocked for the present
and are therefore not buying.
Oats are still largely cornered. The dealer
who controls The corner still declines TO name
| quotation, but there few oats on the out
sice and they are selling at 81 5o91 70 for fair
| 10 choice.
Corn is coming forward more literally, but
| prices keep up as strictly good yellow corn is
not very abundant.
Rye Is quiet.
Bran and middlings have been marked up 30
cents per ton.
GENERAL COUNTRY PRODUCE.
Produce fairly active last week. At the
close there Is rather more call for hops. While
there IS hardly enough trade TO talk about ac-
tual sales have been made within the range of 8
| TO 1912 cents per pound. Even this light bust
ness Is better than the utter stagnaton OF the
past Two months.
Dealers report an active movement In spring
100000 and 100000 pounds. Nevada woods are
now on the market
| Hides have been active on local account during
| the past few days and prices have made some
| changes The associated tanners have fixed
| upon SIG 90 per cord as the price they Will pay
for tanbaTk, the season for which is now opening.
| Hay shows no change. New alfalfa hay has ar
rived from Contra Costa County aud, being hot,
| sold low.
White beans have sold up to SO so In small
| way. Otherwise there is nothing new In the bean
market which Is not very active.
Potatoes are steady al last weeks prices. Good
old Eastern are firm. Receipts OF new potatoes
are steadily increasing.
| Onions, both old and new, have declined under
| Increasing receipts OF The new crop
Butter and eggs are duil and weak, and stocks
OF both show signs OF accommodating. Cheese has
| again declined. The meat market Is heavily
| supplied and beef. lamb and pork have declined
| veal and mutton are weak.
GROCERIES AND PROVISIONS.
Sugar continues to meet with steady con-
| sumplive inquiry at unchanged prices.
OF coffee the circular Of r. Hochk0fier says:
This market has been kept in very dull condI-
ton by the decline OF coffee at New York and the
firm offers from Brazil TO sell at even over rates
than those now current in the United States. Not
wtthstandtDg the present sound statistical position
OF the article and The probability that stocks in the
consuming markets OF the world Will continue to
decrease during the or three months, there
appears TO be general apprehension of still lower
prices under the influence OF possibly large crops
in Brazil for next season, beginning July LIST
next. During April the deliveries for consumption
in all markets have been small, showing the general
disposition OF dealers to reduce their stocks This
has certainly been the In this resulting
in restricted business and some irregularity in
prices wneh applying TO importers, while such
parcels forced the market sold with
more or less concessions. The majority OF i'm
porters, however are not anxious Sellers being gov
erned in this course independently Of their iudivid
ual opinions as to the general future of the article
by belief in moderate receipts from Central Amer
lea and by the knowledge, besides, gained by past
experience that the pressing Of stocks at dun time
and on unwilling buyers would depress prices I'M
reasonably. of the various qualities OF Central
Americans, strictly good to prime Guatemala has
Oeen In most request ana held with much hrmness,
owing 10 present anu prospective scarcity; medium
Guatemala Ia good demand at quotations: good
Costa Rica, on the contrary, much neglected
and the majority OF sales effected with heavy con-
cessfous; good unwashed salvador was in fair de-
nand at 10 &c Immediately after the issue of our
last review, but this price has been unobtainable
SINCE inferior grades are DUH and lower sales
from first hands in April were 10,49o bags. Receipts
In April were 26,2l5 bags, against ~, 343 in April
1883. Receipts from January LIST to April 30th
were 76,442 bags, against ~ 1915 during the same
period in 1889. The stock OF Central American in
rs hands is 32,4l5 bags against - 1913 at the same
The rice market continues unsettled and prices
for all kinds are higher than they have been, as
stocks have ruled light for some little time.
Dealers report satisfactory trade In proyiS-
ions at unchanged prices.
Gamers continue 10 clear the DECKS of canned
fruit in order 10 meet the new CROP and conces-
sions are accordingly made 10 buyers. Stocks,
however, are not large.
Canned salmon is quiet and without further
change.
Mixed pickles have again advanced cents per
| gallon Canned oysters are very firm as stocks
| all over the country are light.
Canned peas have sold W to 81 20 for future
delivery This Is an advance oyer last years
| prices.
MISCELLANEOUS.
| There are not many fluctuations in merchan-
| disc to report This week. Quicksilver has made
sharp advance to S52953 20 per flask under
| scarcity
| Tobacco and cigars are quiet
A fair movement In dry goods is reported, but
| tie market cannot be termed active.
The private circular OF l. Steuart gives the re-
cepts OF coal at This port In April to- $40 tons,
against 85, 60 tons in April, 1889 and "a, O47
| tons In April, 1888. Inc receipts for the first
| four months OF 1890 were 300 U40 tons, against
63,10S In 1889 and 361, 74o In 1888. Receipts
this year are the lightesI for time, owing TO
| the non-receipt OF the usual quantity from
abroad; The circular goes on 10 say:
foreign coal amounted to four cargoes of Australian
with an unprecedentedly small list of coal tonnage
ter and no coal on the way from Great Britain; not
| outstanding prices have remained without change
| and the market quiet and showing scarcity of
coal. One OF the reasons for coal remaining com
parativey low is the fact that Australian coal
future loading is being offered at considerable
| reduction Buyers, however, hold OFF, looking for
further concessions, as available American coal
mage is showing up more plentifully, while the sup
plies from the Coast and British Columbia mines
ample to meet the reduced consumption OF the sea-
| son.
Lumber is firm at the slight advance estab-
| llshed several weeks ago. Building operations
| are unusually brisk. The receipts at this port
| from January LIST to May 1st, compared with the
corresponding period last year, were as follows
Pine; 81 100, 900 feet, against 80. BIG. 900. Red
| wood, 5O,520,000 feet against 55,S75 900.
Shingles, %, 800 800, against "a, 754,5 500. Ties,
| ACCESS, against S9, S57.
| Pig tin and tin plate are less dull than they
| have been and prices are frmer.
| The Bureau OF Statistics gives the exports OF
| merchandise from The United States for the first
| three quarters OF the fiscal year OF 1SS9-90 at
S683, 7lS,0o0, against imports OF S571 .Sl7 600.
| During the same period in the preceding fiscal
year the exports were 1888, $50, 600, and The i'm
| ports S549 632, 900.
Owing TO tue recent appreciation In the value
OF rubber. dealers in rubber goods In the East
have put up their price list So per cent. A New
| York paper OF April 26th says:
There have been heavy sales of Para grades the
prospect Of an active demand for manufactured
goods. together with the reduced supplies OF crude
available in all markets. with certainty of fur
ther reduction in frst-hands stocks having caused
| large consumers to protect their future wants.
BRUTALLY BEATEN,
| A Hoodlum Breaks Three Glasses on a