The morning call., 1891-08-13
CONDITION OF TRADE.
Large Increase in Exports From
San Francisco.
Thus Far 1891 Leads 1890 = Shipments of
Breadstuffs-The Dry-Goods Trade-Aa
Advance in Wheat-Etc.

There are no marked features to trade at
present. Fruit and grain are pouring into
their various markets, and If times are not
lively in the city they certainly are In the
country. Very fair prices are being real
ized and the circulation of the State Is be-
Ing increased accordingly.
The local bank clearings last week
amounted to S1S,096. $50 against S17,25O.92S
during The same week last year.
The Bradstreet Mercantile Agency re-
ports 50 failures in the Pacific Coast States
and Territories Tor the month Of July.
with assets S141, 1867 and liabilities S412, 437.
as compared with 90 for the corresponding
month of 1890, with assets $3.50, 626 and la
blities $685.
Following are the causes assigned for the
failures: Incompetency, 10; ineXperience,
U; inadequate capital for business under
taken, "a; injudicious crediting, 2; personal
extravaganza, 2; neglect of business ana
bad habits, 5; excessive competition, L; I'M.
favorable circumstances, floods, fires, ETC.,
u; fraud, u.
AS will be seen below, the exports from
San Francisco thus far this year are S6,0OO,-
GOO heavier than during the same period IN
1880. All returns show that business is
livelier this year than last. which was itself
considered lively and profitable year.
THE GRAIN MARKET.
Exports of wheat from this port In July
were 1886. SS3 centals. valued at s., 201, $50
The exports of flour were l31,7OO DOls
against IS, $50 bbls in July, 1880. Reducing
the -four to wheat basis, We have total ex-
ports of breadstutfs in July OF 500 600 cen
tails against $4,000 centals in July, 1891
Another proof that trade is brisk.
Wheat at the close is higher and in quick
demand. The foreign crop prospects are
not tiattering, and the European markets
are consequently hardening. Wheat freights
are also higher. having advanced 2s ID
during the past fortnight
Barley Is firm, and options have advanced
several cents.
Oats are slowly weakening rs the crop
arrives, though there is no particular de-
preston observable.
Corn is neglected and nominal. Holders
refuse to come down, however, ard there
the market hangs. high and dry. with lib
eTal offerings.
Rye is quiet and unchanged
Bran and middlings have been marked
up being in brisk demand.
Flour is quiet and unchanged.
The combination has again marked up
grain-bags, this time to sac, ard some sales
at this figure are reported. At the same
time outsiders are selling small lots at s &c.
GENERAL COUNTRY PRODUCE.
Potatoes and onions are quiet at low
prices. Hay is steady at about last week S
prices. The receipts for the week were 1894
tons, decrease from the preceding two
weeks 1t is the general belief that hay
has now touched bottom for this season.
Several descriptions Of beans have de-
clined and the market Is dull and weak.
Eggs and cheese show no particular
change, but butter is demoralzed and
lower. The cause of the present depres-
sion was simple. Dealers ran California
butter up to a comparatively high figure
This let in large quantities of Eastern
creamery, which. being very choice and
cheap, found such favor in the eyes OF the
public that it went into general cOnsump-
ton. Our higher priced home butter was
neglected, and prices are now going down
about as fast as they went up.
Fresh fruits are abundant at reasonable
prices.
Dried fruit continues neglected, and the
low prices fail to tempt buyers. Disguised
with the stagnatiOn of the San Francisco
market many orchardstS IN the northern
bay counties are shipping large quantities
Of peaches and apricots on consignment to
New York. This is a brand-new departure
In the California dried fruit trade. and the
outcome will be awaited with interest. At
present however, there is no more call for
dried fruit in New York than in San Fran
cisco. that market being reported utterly
nnveivulcoo.
Raisins are neglected, ana prices show no
change.
hOpS commute uulJ, Will no business,
either on the spot or for future delivery. A
late New Y FORK dispatch, quoting dull mar
ket there. says:
Brewers are no; In the market. as beer con-
sumption has been light. Prospects continue
uufavOrable In New York State. Crop prospects
are worse In England, weather being wet and
cold. Unfayorable crop reports being received
from Germany.
Wool is quiet at last weeks figures.
Hides are weak and dull. The West
market is sufficiently supplied and nm
changed.
GROCERIES AND PROVISIONS.
Groceries show few if any changes The
staples. such as sugar, coffee, rice, etc, are
all in fair demand at prices which have
ruled for some little time. Provisions are
firm, though not particularly active, and
hams and bacon are advancing in sympathy
with rising prices at Western packing
points. Canned fruits are quiet at last
weeks prices. The following from the
London Grocer Will be of interest, as show
ing how the demand for California fruit is
extending:
The California fruits imported not long since
are practically cleared OFF. and the chief atten-
lion Is now directed to the new crop for 1S91-92,
which promises to be an early one and also very
plentiful. Shipments by sailing vessel are calcu.
lated TO arrive in London by January next, but,
considering the bare state OF the market and the
eagerness with which fresh supplies will be
awaited, 1t Is not improbable that arrangements
VIII be made TO engage through ireights from
San FRANCISCO Dy overland 10 New YORK ana
thence by steamer here, so as to reach this port
by the end OF August or September, and 1t is
said that the dispatch Of fruits by this new
route VIII add Is per dozen tins TO their cost.
The latest rates reported for arrival are rs to IS
for apricots and SIS Cd to 9s for peaches and
pears of good brands and standard quality.
Since the commencement Of the season extra fine
packs have advanced sd per case and the len-
dency is still slightly upward,
MISCELLANEOUS.
Exports OF produce and merchandise from
San Francisco during the firstseyeu months
OF the YEAR amounted to SIS, 800, 600, against
So, 1907. 700 for the same period in 1890.
This proves beyond question that trade
thus far this year has been noticeably
larger than in 1890.
Specie shipments from San Francisco
during the first seven months OF 1891 were
Sl1,S36, ia, against $S,l50.2O during the
same period in 1890.
There is nothing new in dry goods, the
market being quiet. The value OF the
foreign dry goods imported at New York in
July was $40, 201, 100. This total is $4,000
GOO less than for tue same month last year,
and S3,OO0,000 less than two years ago.
Inc imports during the first seven months
OF 1891 were $40. l61, 300. against 500, 1885, 700
during the same time in 1890 and SS1, 723 100
IN 1889. The imports this year are unusually
light.
Tin plate has advanced 81 per box. Pig
TIN IS dull at 21c per pound.
Coal is in steady demand and unchanged.
Inc weeks receipts were $50 tons.