The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1890-09-24
CONDITION OF TRADE.
Sharp Increase in Local Bank
Clearings Last Week.
Hops Weaker-Wool Advancing-A Break in
Silvsr-Wheat Dull-Good Trade in
Groceries and Canned Fruit.

points of view. The local bank clearngs ex-
ceeded those of the same week in 1889 by
over S5,00O,000 being S20,675,544, against
S15,656, 994. The wholesale grocers did a
good business and the Gamers of fruit were
kept busy as usual. The markets, however,
exhibited few particular features.
Silver has broken from about 81 16 to 81 -
per ounce, the reason given being that more
silver is Offering than the Government is
obliged by law to buy. Money is firm and
in fair demand. Exchange on New York
has risen slightly during the week.
THE GRAIN MARKET
Wheat has been dull ami declining for
several we ks, but at the close recovery in
the foreign markets is noted. This market.
however, has not yet responded.
Barley is quiet at decline from last
weeks quotations.
Oats, too, have fallen off somewhat, but
are not particularly weak.
Corn is quleter and rather weaker, the
Acknowledgements being satisfied.
Rye is dull.
Flour is weaker and quiet, and cutting
among II mllerS is reported
B an aud middlings have declined during
the week.
Grain bags are dull and nominal at the
decline.
GENERAL COUNTRY PRODUCE.
Hops continue quiet. Dealers now ascribe
the depression to the recent Striugency of
money in New York which prevented the
merchants frcm taking all the hops offered
them. 1t is believed by the local trade that
the luIl is temporary.
Two or three days ago sudden demand
for wool sprang up, and since tlen some
100000 pounds have been sold. Prices are
higher and dealers look for still further nd-
vance with Il brisk inquiry.
Beans continue unsettled. Colored are
weak and quiet, while white are firm and
wanted, with no Snot stocks worth talking
about. An enterpriSing commission mer-
chant has recently telegraphed to Eastern
distributing points Tor crop prospects, with
the following result: ChicagO-Late rains
have greatly benefited the crop and no dam
age from frost New York-Five days IA in,
with floods in the most important bean States
ard disaster probable. Montreal-Crop pros
poets fair, no damage by storms or frost, but
bad weather for harvesting. Milwaukee
Not much damage. Boston-CrOp injured
by incesSant and stili continuing rains. with
Il short and late crop inevitable and higher
prices probable.
Common grades of hay are dull and weak,
while choice hay continues firm.
quiet, ana prices have made no material
change Tor Il fortnight.
Wine grapes are now coming into this
market freely. Coed sweet grapes are firm
and wanted at SIS ana SO per ton, but most
of the recei, Is are only about two-thirds ripe
This infer or stock is hard.to sell at Sl4 to $40
per ton, being sour, ana tends TO depreSS good
grapes. Growers should wait until their
grapes rii en- fore shipping. The demand
III the Sonoma and Napa Valleys is good,
ST. being now bid for desirable grapes, but
growers are not disposed to meet buyers at
this figure.
BcnIorts New York Wine Circular of
September 10th says:
Business during the last fortnight has been
very good; the fall demand has set in much
earlier than last year, and every wholesale house
is busy. As stated befO e, tile lObbers have very
little stock on haud, and their present disposition
10 buy may find its reason III tae good demand
for grapes and the prospects OF higher prices III
California, a well as IN the steadily increasing
home demand, not 10 speak OF tile shipments TO
Germany Which are now regularly made by the
Tth.German steamers TO Bremen. The later,
II is tue 10 not amount 10 much as yet, but they
are gradually increasing. Vintage wines mud
easy takers at good prices, both for red and
White wines. and while lie demand for sweet
wines Is sI slow, II Is easier to-day to sell good,
sound polt and Sherry at remuneratiye prices
than II was a month ago. Braudies OF all ages
continue TO be In great deInaud-
The shipments of wine from. San Fran
cisco by SEA and rail during the first eight
months of the year amounted to 5,61S, 800
gallons, AGAINST 5,409, GOO gallons during the
Corresponding period last year. The guam
iity Tor the current year to date Is the largest
ever reported.
Potatoes continue weak, and the ordinary
kinds range from 60c 10 81 per cental.
Butter is not very active. and Is weak as a
| rule, though strictly fancy brands command
| good prices. Cheese is quiet and easy. Eggs
| are lower than last week, and dealers are
more or less anxious to sell.
The meat market remains unchanged.
| Beef and pork are plentiful. Lamb and
mutton are firm and rather scarce.
GROCERIES AND PROVISIONS.
There Is not much to be said If groceries
| This week. Sugar has shown no further
change and an average demand is reported.
Coffee is III fair demand and firm, and
| some importers are inclined TO ask an adj
| vance. Sales on overland accounts have
! been very light Of late, and viii probably
continue so until new crop. Central Ameri-
| can coffee comes forward.
Rice is somewhat lower owing to recent
| large receipts.
Provisions are in fair demand and firm,
aud hams and bacon continue to exhibit an
! upward tendency, In sympathy with strong
| Eastern markets.
| Canned fruits are still in active demand.
| The call for peaches has been so brisk that
| most car ners are now refusing orders for
c.ingS, they being almost unobtainable.
Canned vegetables rule firm.
Canned salmon is in very good demand,
and Alaskan fish have advanced slightly.
GENERAL MERCHANDISE.
| There is very little to say Of merchand sc
| this week. Metals OF all kinds are dull,
| particularly tin plate, which Will probably
| he wholly nominal untili its fate is decided by
| the Tariff Bill.
Tobacco is reported active as dealers, ex-
| pecting an advance in prices, are stocking
| M freely, Cigars are doing fairly,
The situation in coal is thus given by q
| local dealer:
| Never in the history Of the coal trade has there
been such scarcely of Australian grades, the
| OObeTs have nOmlually none, ana contracts call
| ing for The delivery OF Newcastle are being re-
| placed by some OF our coast Goals. contrary 10
| the wishes OF the consumers. This Will be the
| condition OF our market all this winter, even If
| the strike in Australia should be raised this
| month. Prices vary so much that II is impossible
| 10 give accurate quotations, and al the figures
| named by the sellers only limited quantities Will
| be disposed OF, they all anxious to hold
| their Il AIDE together, and not antagOniZe any of
! their customers. Ii was anticipated some relief
would be afforded us by railroad deliveries, but
so far they amount TO almost nothing. There
are more liberal shipments being made lately
| from Great Britain but they VIII not arrive be-
| fore six eight months hence; far there is
| but little afioat They are st,aiuing themselves
| 10 their very utmost 10 keep US supplied from
| lie northern mines, but with he Wellington still
virtually closed hey unable to do so; the
| coal is there in sufficient quantity. but trans p0r
| tat0n Improbable as II Is required.
The exports of merchandise from New
| York during the first eight months of the
| year amounted to S22j, 900 against i'm
| ports of 1851, 004, 000 During the correspond
| ing period in 1889 the exports were S225, 035,-
| 0Oo, and the imports S335, 49S, 000 From this