The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1890-06-04
CONDITION OF TRADE.
Business, as Reflected by Various
Statistics, Is Fair.
Failures in May-The Ccffse Trade-Lumbsr
and Coal = Clearin g-House Exchanges.
Grain and Produce.

There were two holidays last week and BUSH
ness was considerably cut down In consequence
The local bank cearngs were Sl3,122'ooo'
against 81 ,So7, 407 for the same week last year
There was only one holiday In the corresponding
week in 1889 and this explains The apparent de-
crease this year. The clearings for May were
seq sos ll2 against $40, 65l .204 in May, 1889;
decrease, SS46 092. These for the first five
months OF the year were 1920. 100000, against
$3.50, 471, 900; decrease thus far this year,
S9,9S1, 900, or about 3 per cert.
The local money market is reported easier,
with ample funds; but IN the country money Is
more or less hard to get.
JObbers In groceries and merchandise report
fair demand on interior and shipping account.
The Bradstreet Mercantile Agency reports IS
failures in the Pacific Coast States aud Teri
tories for the month OF May, with assets at S1o5,
1872 and liabilities S269,369, as compared with
90 for the corresponding month OF 1889, with
assets at S123, Sc aud liabilities S221.1o9.
The following causes are assigned for the fail
ures: Incompetence, %; neXperence, 6; ln-
adequate capital for the extent Of the business
undertaken, IS; injudciOus creditlng, 2; COM
pncatIon OF Indebtedness, ; personal eXtfava-
gance, o; neglect OF business and bad habits. l;
excessive competition. 3; unlavorable clrcum-
stances, floods, flIe, ETC., 4; fraud, ..
THE GRAIN MARKET.
OdlS are Tie feature OIL Inc gram lldlhtl HOW.
Dealers have been making a desperate attempt
10 keep prices up during the past week, but there
Is no use In bulting ones head against the law OF
supply and demand. aud prices have dropped
steadily despite their combined Efforts 1t takes
a good oat now to bring 81 5o-the same Oat that
sold at 81 6712 several WEEKS ago, The TACT Is
the ma ket is literally supplied and buyers know
ii. Indeed The Produce Exchange statement OF
stocks issued Monday gives 25o9 tons III ciiy
warehouses June Isl, against l444 tons May LIST.
Despite the corner there is an increase OF over
1000 tons IN May There will Be a large sale to-
day, when consumers may have an opportunity
10 revise quotations themselves.
Wheat is weak, fiat aud dull. Very little Is
coming in and offerings are light. IL is just as
well for there Is not much inquiry.
Barley is steady with fair demand. The new
crop made Its appearance during The week.
Corn has arrived heavily during the past few
days aud prices are naturally lower, though The
market Is not al all panlcky.
Rye is dull ana depressed at decline.
GENERAL COUNTRY PRODUCE.
The new crop of honey is now steadily coming
forward 1t is particularly fine this year, the
percentage of clear White honey being unusually
large. The market is easy, however, under lib
era offerings.
Hops rule firm. but stocks are well cleaned up
and the little trade is of let Ill character y
few contracts for the coming crop OF California
at lie and of Washington at 1212 413c have
been drawn.
Wool is rather queter. as the recent holidays
cut into trade somewhat. Prices, however, are
steady.
somewhat easier in consequence, though there
has been no pronounced decline.
Beans are quiet all around and fluctuations are
few and narrow.
Potatoes and onions continue TO DECLINE slowly
as the new product comes forward anu the for
mer aIe gradually grttng down to their nominal
cheapneSs.
Daity produces show no marked change. The
butter market IS kept glutted and the representa-
tIun OF The newly established creamerlesis slowly
Increasing Cheese Is in large supply at fur
Their decline. aud dealers are anxious TO let 20 10
keep their shelves from getting overloaded.
Eggs are doing beter, ranch eggs bringing 81
cents quickly, with sales even higher for partlcu
Lar marks. Good eggs are not al all abundant.
There Is nothing new in dried fruits. There Is
considerable dispute among The trade as to the
volume Of future business in California prunes
aud aprc0ts. Some report an active Inquiry for
prunes, September delivery. al and ~ cents
Tor Ihe four sizes, and free sales of apIicOls
basis Of II Y 10 l3 cents for bleached. Others
discredil these reports. New York CONNER
cial PAPER OF a re cent issue stated that repre-
sentative OF California packing company had
placed the past month among Eastern dealers
100 carloads of 1890 prunes al and OLE cenlS
T. O. b. at shipping point. Fresh fruit has been
pruues, equivalent TO e and ga cents cured,
and "A ceuts per pound for aprC0ts. For raj
SINS, 1890 product, the growers ask 5l2 and =
cents per pound IN lie sWeat-boXes, and some
contracts at y cents reported.
Beef, veal and pork are abundant and weak,
but mutton is III light supply and firm at better
GROCERIES AND PROVISIONS.
There has been no change in sugar since the
article is brs< and Tie market Is very firm.
Coffee sGeld for slight advance by import
ers, in sympathy with Il higher New York mar
ket, but buyers do not respond 10 their advanced
views, and trade Is accordingly quiet. The cir
cular OF MIR. Hochkof1er, just Issued, says:
In ,postscriptum OF the 22d to our last Review
advised cable rep 81 from Brazil of probable
short crops in that c, WY Tor the season begin
spectacle and conservative house OF MesSrs. John
bradshaw IL Co. OF Rio. and estimated the total
exports from both provinces (Rio and Santosl at
.aHa IN 10 IA atsns
orally credited In New ork, and, seconded by the
very small receipts during the present month in
of prices Ia that market There is naturally
good deal OF contradiction and uncertainty in all
crop estimates, but the prevalence Of opinion
is for average small crops instead OF, hereto
fore. for crops above the average large. Should
the former prove true following this seasons crops
of about 1900, 600 bags 1t Is dent that pr for
coffee should continue TO rule high fer the year.
This has affected market but very
| little, except that importers are hrmer in their
views; buyers, however, have not seconded the
| changed. with the exception OF go d unwashed
Salvador, which has advanced Il cent according to
| Several parcels Of fair Costa Rica sold at 1912
@ls5s cents Medium cotfees are in good demand.
Hawaiian rice is stronger as supplies in first
| Irregular aud IN demand as rule.
Provisions run along smoothly at unchanged
| prices. Supplies Of hams, bacon and lard are
| sufficient. Canned fruits aud salmon show 10
| change from last week.
| MISCELLANEOUS.
Merchandise felt tie effect of the double holt
| day last week more than produce. In fact, the
| week did not count up more than three real out
and-out trade days. Hence there are few
| features 10 report.
| Tin plate is very firm and tending upward and
| block lin Is also strong.
Tobacco and cigars show no changes worthy
| OF remark. There Is n fair Inquiry for them.
| Dry goods are quieier aud fluctuations are in
| Significant
| Quicksilver has gone up TO s57 TO S5S per
flask aud IS still at The advance. The receipts
| at this port during the first five months of tile
| year were 5140 TASKS, against 6G32 during the
| same period in 1889 and - OBJ In 1855 The
| exports have been 3641 TASKS, against 1862 last
| year and 663l in 1883.
| Coal is steady and in sufficient supply cargo
| has come IN from japan and one OF Lehigh from
| New York Tue receipts during the first five
| months OF 1890 at this port were 436, 200 tons
against 49O, 300 during the time last year.
The bulk OF this coal Is from our Coast cOllieries,
| whereas we used 10 get most OF our coal from
| abb oad There was not ton OF coal fl ON Eu-
| rope last month, ana only $50 tons In the past
| Two mouths. Tie imports from Australia tor
| the past sixty days have been less than 1000
| tons. circular from l. Steuarl says:
The supply Of coal is apparently sufficient to sat
| isfy the demands OF the market, Notwithstanding
the fact that the Australian supplies continue ex-
| tremely limited and the shipments from Great
Britain have ceased, aud at the time a strike
Is reported IN the Wellington mine IN Br fish Co
lumbia. These conditions together til the scarce
ness for the present and future of coal ton
mage In Australian waters, We kept prices of coal
comparatively firm, and future loading OF Austral-
ian coal may be quoted little higher Transac-
tons In this coal however, extremely limited,
| buyers being timid about making purchases at the
slight advance, fearing reaction later in the season.
Lumber Is In good demand and firm. The re-
celptS AZ this port during the first five months OF
| the year, compared with the cor responding pc
| Rod 10 1889, were as follows: + ine 9S 665, 900
| feet against 1872 1856 900; redwood, 7O7OI, 900
feet against 10993,O00; shingles So. TAG, 900