The morning call., 1891-02-04
CONDITION OF TRADE.
Our Local Bank Clearings Con.
tinue to Increase.
cereals unsettled-Coal Very Weak The Lum-
Der Trade-Beef Lower-Nails Marked
Down-The Late Rains.

pan Francisco bank clearings in January
e ca re- those of January, 1890, by over
S CO. being S69,670, 745 against $780,
1o9'4oo' AS long as this increase keeps up
"o are all right. The gentle showers of
Su . extended over large area, and
wherever they fell they guaranteed the
otopS LOT another fortnight. With the
USUAL spring rains we shall doubtless come
out all right.
THE GRAIN MARKET.
" meat Is rather unsettled, but at the close
10 weak, with disposition among some
selierS TO shade quotations. At the same
'lilie olerings are not large. The foreign
markets are weaker. Wheat freights have
uecilned, and at the close 3Ss Cd is about the
80 oiu LOT iron vessels, the last charter
being at 40s.
barley is also unsettled. Options are
undergoing more or less fluctuation, but the
ac'ua' market is less affected, though trade
IS quiet and quotations are a fraction lower
than last week.
oatS have declined since last review.
Inc sharp advance in prices checked the
uemand, buyers could not afford to pur-
chase and the consequence is a better
stocked and lower market
Corn Is firmly held at further fractional
advance. Holders are very independent,
anu anu II buyers do not choose to purchase
tneIr corn they can let it alone. Receipts
OF late have been meager.
rye Is neglected at previous prices
1t Drdh ana middlings are very firm at the
iish quotations. There are no stocks of
, pran In warehouse as the active demand
Keeps the market cleaned up.
GENERAL COUNTRY PRODUCE.
Produce shows few changes this week.
Ia held produce hay rules firm at previous
Prices, Beans are not active, but prices are
uhsettieu anu move about more or less.
Iotatoes are In heavy supply, dull and
lower. and onions are also weaker.
III GARY produce cheese continues very
scaIce ana hrm at the unusually high
prices. Butter is in moderate supply and
uucnan9ed and medium grades are par
tic1iarly scarce and wanted. Eggs have
declined to &c 10 2S cents and are easy,
though dealers express surprise at the de-
cine, as stocks are not large and Lent
occurs next week
FRUITS exhibit no particular variation.
Inc market is overstocked with oranges,
Which are very dull, and lemons and lines
are also In liberal supply. Apples are freely
represented and common descriptions are
slow OF sale, while choice find fair demand.
Dried fruits rule about as last week, all
Kinds being more or less quiet. Nuts show
no variation, with the exception Of hard
shell almonds, which have been cleaned up
by the nurserymen, who want them Tor
Stock
Wool is firm but not active owing to the
DroEen stocks. Hops are dull at last weeks
prices. Hides are slow and several de-
serlptlons have been marked down. Tallow
Is also lower
The meat market shows no further
change beyond a decline in beef. which is
in large supply. Hogs are firm and mutton
ana lamb are scarce and stiff.
GROCERIES AND PROVISIONS
The retineries have made no further
change IN sugars since January 9th, and
the market shows no features worthy of re-
mark, except that we are shipping sugar to
Hong Kong and the Hawaiian Islands are
Shipping 10 New York via New Orleans.
Rice is lower, mixed selling at 81 II to
81 20 per two mats, and other grades also
show some reduction. There is no Louisiana
rice in market, but Japan is Offering at So
and Hawaiian at So 12l2 to So % per 100
pounds.
Coffee is reported in fair demand for over
land Shipment but the local inquiry is Light,
as buyers are purchasing from hand 10
mouth.
Provisions are quiet, with further frac-
tional decline in bacon.
Canned salmon has been selling more
freely of late, but prices show no variation.
Canned fruits are quiet and unchanged,
and the only feature of the market Is she re-
port that II syndicate is nearly completed
controlling all the canneries in the STATE,
and that 100000 of the stock Is now in bank
ready for the investment. while the total
capital stock will BE- S5,000,0o0. The new
syndicate is to be called the California Fruit
Canneries Qimited). The authorized CAPT tai
stock shall be 5000 shares at 500 per share
par value. The objects and purposes of the
company shall be as usual.
MISCELLANEOUS.
Tobacco is selling fairly and a reduction
in several brands has been made Cigars
are moderately active.
Metals continue dull. Tin plate is down
to So 81 u 10 So 90 per box. Recent receipts
of nearly 1880 boxes were all sold prior to
arrival.
Coal has come in heavily during the week,
receipts being So, 47S tons. A ship from
Japan brought 800 tons house coal, said to
be of superior quality, and sent here to try
| the market Heretofore only steam Goals
| have been received from japan. Australian
coal is again coming in, the 0thello, which
| arrived on the 27th with q cargo, beng the
| first ship of the new fleet From now on
| this coal Will come in steadily, and it is eX-
| pected that stocks on this market Will i'll
| crease in consequence. Ii no setback hap
pens, we shall probably buy our coal much
| cheaper in the course of month or two
| The receipts at this port during January
| were ~, 256 tons, against 1920 tons in jan
| uary, 1899. or last months receipts, 81, 701
tons came from Puget Sound and Oregon,
| 224S tons from Australia, IS, 400 from British
| bla and upward OF 1900 tons from
| Great Britain. The receipts last month
| were the largest for several years, and they
were heartily welcome. The market at the
close shows no change, but it is very weak,
and dealers say that the simultaneous ar
rival of several Australian cargoes might
| break prices badly.
Brooms we're marked up on the first of the
MONTH
Lumber shows no further decline. The
receipts at this port in January were as fol-
| lows, compared with January, 1890: Pine,
&c, 76G, 500 feet, against 14,053,0 900 feet; red
wood, 1015S,6U0 feet, against S,752,0U0 feet !;
shingles. 4,097,00o, against 1901, O0O; railroad
ties, 1872, against 120,9S3 The stock of
lumber in San francisco and Oakland yards
January 1st was 71,016,00O feet pine and
52,453.000 feet redwood. The consumption
| at San Francisco and adjacent bay points in
1890 was 42l, 764, 0G0 feet.
Nails are 10 cents per key lower all
| around.
Shipments of specie from San Francisco
in January were 81. 02S,690, against $l,294,-
| 1877 in January, 1890.