The morning call., 1891-02-11
CONDITION OF TRADE.
The Young Year Continues to
Make a Satisfactory Record.
fartner Gain in Bank Clearings-Increased
Fallures-Coal shaky-The Grain
Markets Coffee Trade.

>--oAA 1Idue.
we are still on the highway of prosper
NY as lar as the local bank clearings indi-
oe'e' Last week they were ST., 297, 000
AGAINST Sl4,027,000 for the same week il
Ao9o' Inc crops in most sections look well,
ho complaints have vet been heard from any
quarter, hence the Inference that everything
IS serene, is natural. We continue to make
an uhlaVoraole showing in the matter of
'"lures, however The Bradstreet Mer-
Gahttie Agency reports 1913 failures in the
"ci1c coast States and Territories for the
month OF January, with assets S37S, 10 and
ii"ull'tles S6S2,004, as compared with 50 for
'"e corresponding month of 1890, with
assets Sl9O,06S and liabilities S406, 623.
roliowlng are the causes assigned for the
tailutes: 1ncompetency, 80; inexperience,
~ inadequate capital for the business
undertaken, 81; injudicious credting, 7;
personal extravaganza, 4 neglect of business
ana Dad habits, 4; excessive competition
o uhIaVorable circumstan ces, floods, fires,
etc., 10; speculationG1; fraud, 10.
THE GRAIN MARKET.
IApOrtS OF flour from this port in January
were 1922 pounds. For the first seven
months OF the present crop year they were
10000 pounds, against 6S6,S70 pounds dur
ing Tie same period of the previous crop
year. Reducing the -four to wheat basis
we nave total exports of wheat for the seven
months oil the crop year of 1926, 900 centals,
valued at So, 1881, 800 against 10, 104 800 cent
aus at 1881, 600 during the same period in
1S89-9O.
Grain bags are not in good shape. We
nave q Visible SunnlV according N n UooI
authority, of 35,000.00O for the coming sea-
son, ana 1t takes pretty good grain harvest
10 consume more than this. Buyers hang
PACK, trade is dull and 81 to 63s cents are
quoted for June-July delivery Tor standard
Calcutta: 1t is learned that there are at
present lew If any new orders in Calcutta,
ana manufacturers are contemplating low
erlilg prices. About 100000 are contracted
ior this Coast so far. and the spot stock here
Is about $1,000 600
Wheat is dull. The recent dry weather
mas LED the farmers to hold back their grain
aesplte the approach of assessment day in
March, and to add to the dullness the
Shippers are buying very little. The only
pIlsK inquiry Is from the country milerS
VINO are III need OF supplies.
=. Barley has advanced fraction, but op
lions are lower, and if the light drizzle of
yesterday should become general rain
lower prices might result
common oats are selling lower than last
bu' ChuICb uUlu up. OHtlIuRS Ul
medium descriptions are liberal.
elbow corn is dull at last weeks prices.
White corn is firm, being in demand Tor
export.
Kye Is quiet but steady.
Bran, mlddlings, ground barley and other
ieedstunS are all firm and in quick demand.
GENERAL COUNTRY PRODUCE.
Hay Is still firm, as the recent drying
north wind checked the growth of grass.
Besides, receipts are light
Beans are quiet and the furry in whites
ana Dayos OF last week has subsidized, and
prices are lower again.
Ihe potato market continues parayZed.
Inc warehouses and stores are full and the
demand is slack. Oregon is sending in her
potatoes oy the thousands of sacks, and Ne
Vada mas cut into our interior trade by ship
ping into the Sacramento Valley. Prices
are low ana weak. The famine so conf
IDENTITY expected by the spectators u few
weeks ago IS nowhere visible, and in its
stead we have a glut
Onions are much higher on light receipts.
Butter declined slowly during the week,
and at the close is easy. The late north
wind operated against the free growth of
grass and momentary steadness resulted,
but 1t was of brief duration. Cheese con-
tlnues scarce, firm and high. Eggs are con
slderably lower and dull, though receipts
are not over % per cent of what they were
at this date last year.
Honey shows no change, and the crop
year is drawing to a close. The market is
lightly supplied.
Fr2its are dull. Apples and oranges are
about the only domestic varieties now in
season, and the demand for both is very
slow. Oranges are particularly duh, owing
to the cold weather.
Dried fruits are quiet at last weeks prices,
barring further depreciation in peaches.
The raisln market is clogged. weak and
neglected. Nuts are quiet and unchanged
Hops are dull at the old prices. Hides
continue neglected and cheap. Wool is
buoyant, but inactive for reasons already
given.
The meat market shows no change from
last week.
GROCERIES AND PROVISIONS.
Sugar is weak, the California Refinery
having reduced its prices TO the level of the
other refinery. The inquiry is fair
Coffee is inactive at the recently shaded
prices. From the annual statement of Il.
Hochkofier the following interesting figures
of the coffee trade of San Francisco in 1890
are taken The imports were 49, ZIG bags
OF which l29,S12 We're from Central Amer
lea; the consumption lbs, 737 bags, the ship
ments East were 16, I'D bags, and the stock
in first and second hands January l, 1891,
was 24,0S7 bags. The fluctuations in strictly
good Green Guatemala were from Poke 10
2lAc, in Salvador 19c to 81 1ac, Costa Rica
zoe to 2l4c. The average price of Guate-
mala was S21 IS, unwashed Salvador $50 u,
Costa RIca $50 9S.
Rice continues more or less unsettled.
japanese aud Hawaiian are higher, and the
latter has lately had good jobbing inquiry.
Chinese descriptions are not particularly
changed.
Canned fruits are quiet at the established
quotations. Canned salmon is quiet. but the
tone is firm, partly owing to rumors of a
combination among certain canning COM
panies to regulate operations.
Provisions are inactive and quotations
Or nn atin fro I,.f
MISCELLANEOUS.
Dry goods are quiet end dealers expect no
improvement until the spring season has
fairly opened.
Leather is weak and sole and harness are
quoted lower
Tin shows no further change. Quicksilver
Is lower, neglected and largely nominal at
$40 and $50 per flask. The receipts of gu OK
silver at this port last month were 1865
TASKS. For the same month last year the
receipts were S23 TASKS, against 1927 TASKS
In 1889. The exports by sea last month con-
sisted of 3IS TASKS to Mexico of value of
$3.50, and one flask TO Victoria. valued
at S53.
All dealers in coal quote weak market.
In fact, the market is on the verge of n
break. according to all accounts. Receipts
are increasing, the dry warm weather las
cut down the deGand for house purposes,
winter is almost over, and all circumstances
are now against coal as they were in favor
oil 1t last fall. The weakness is we'll illus
trated by the fact that most sellers now
agree to give buyers rebate should prices
make sudden drop. The private circular
OF |. Steuart reports very weak market, as
follows:
transactions In foreign coal to arrive and for
shipment have been very limited during the
month, whlle the spot market has shown decided
symptoms Of weakness. The Impression prevails
mat I'D Inc near future the supplies from the
mines oil British Columbia will be large; buyers
tVATCn 70
Australian or English coal unless at compare
lively low figures.
Produce and merchandise exports from
San Francisco in January by ssa were So, 9lO,-