The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1891-06-17
CONDITION OF TRADE.
The Markets Quiet and Not Par
ticuIarly Interesting.
Falling OFF in Overland shipments-Increas-
ing Bank Clearings-The Record Of
Failures-Etc.

last year, O6IHS OIL, IOo, IOo, dsdiuSb SIt,
1926 Money is in ample supply for all
current requirements at unchanged rates.
Collections are fair
The overland freight movement via the
Southern Pacific Company's lines in May
fell off somewhat from that of the cOrre-
spending month in $780, reaching sc, 062, 430
pounds against 56,076,610 pounds in May,
1890
The Bradstreet Mercantile Agency reports
SO failures in the Pacific States and Terri
tories for May. with assets Sj45, 365 and
liabilities 1851. 1853, as compared with 70 for
the corresponding month of 1890, with as
sets S105, 762 and liabilities S268, 1863.
Following are the causes assigned for the
failures: Incompetency. 21; ineXperince,
s; inadequate capital for the business I'M
dertaken. 30; iujudiciOus crediting, 4; per-
sonal extravaganza, 2; complication of in
debtedness, /; neglect Of business and bad
habits, 3; excessive competition, / unfavor-
able circumstances. floods, fires, etc, Z;
fraud, o.
THE GRAIN MARKET.
The tendency in all the principal cereals
is downward. Wheat is slowly settling and
is now down to 81 90 as fair figure for
average No. l. Options have gone up during
the past day or two, but this was mere
manipulation and 10y no means reflected the
actual market.
New barley is now coming forward freely
and the whole barley market Is declining in
consequence.
Oats are weakening in sympathy with
barley
Rye is quiet at about 81 25 to 81 80 per
GENITAL.
Corn is quiet and easy at the remarkably
high prices-Sl 70 to 81 so for the different
yellows and 50 % to 81 10 for white. The
depreciation in other cereals will probably
| depIesS corn sooner or later.
Bran and middlings are very high, hav-
ing been marked up during the week.
Flour is weak and excessively dull. Prices
are no lower, however, as the mlllerS are
still running on high-priced wheat bought
some time ago.
Grain bags have weakened to cents,
owing to Increased importStions.
GENERAL COUNTRY PRODUCE.
Overland shipments of produce and mer-
chandse from California via Southern Pa
cific lines in May were 81, 500, go pounds
against 56,076,610 pounds in May, 1890.
Last months shipments were as follows
San Francisco. 1891, 070 pounds; Oakland,
5lj,400; Sacramento, 1888, $50; San Jose,
1920, 120; Stockton, 1.729, $50; M2rySyille,
1j6,440; Los Angeles, ZIP, 100; Cotton,
3,106,510. The leading items were as TO-
lows 1919 centais beans, 1913 $50 pounds
]
wine, $3.50 pounds hops, 550,0l0 pounds
canned goods, 6,4l9, go pounds fresh fruit,
800, 700 pounds dried fruit, 446, 100 pounds
Taislns. 37S, 800 pounds hides, 5SS, 400 pounds
leather, si7, 5l5 centals potatoes, Sc 400 pounds
quicksilver, 2,S91410 pounds vegetables,
! 4,118,S50 pounds wool. 255,S1 pounds canned
! salmon, 70,400 pounds picked salmon.
Medium hay Is weaker under liberal ar
| rivals, but choice shows no weakness. AS a
rule, the hay market is in fair shape.
Beans are ouiet with slender receipts.
Potatoes and onions both advanced during
! the week, but at the close are lower.
Fancy butter is weakening, while medium
grades arc in heavy supply and depreSse
Cheese Is i'm fair stock and steady. Eggs
are dull and lower than last week.
New honey has appeared, and for comb 16
! cents has been the asking pnce, while for
choice bright extracted dealers say that 6Z
cents per pound might possibly he obtained.
Arrivals are still small, however. and quota
tiOnS have not yet been established.
Dried fruit on the spot is dull and features
are slow. Some new aprlcOts are reported
sold at 10 to 10h cents.
Fresh fruit in bulk for heavy trade is very
firmly held by the growers. The Gamers
quote purchases at So to $50 per ton for
peaches, $50 to $40 for pears, $50 to S3J for
aprIcots, SIS TO $40 Tor canning plums and
$50 for drying piumS. All growers Of Cali
fOruia fruits are doing very well this year,
" Oyerproduction!" for several yeats are
! getting discouraged.
Hops are quiet. Buyers have raised their
! bids for the new crop TO 20 cents, but still
! growers refuse to sell, hence there is no
| business. The lice question is yet open.
Wool is dull and without change.
The meat market continues heavily sup
| piled. Trade Is dull, as many people are
! out Of town.
| GROCERIES AND PROVISIONS.
Overland shipments of staple groceries
! eastward in May were sos ,070 pounds Of
coffee, ~, go pounds OF rice, S52, 40 pounds
! Of tea and ,, 302, 400 pounds Of sugar
Sugar is IN fair demand at the old prices.
| Coffee IS dull and weak in sympathy with a
| depressed and inactive market at New York.
Rice is without especial interest, being
! quiet at the recent decline.
Provisions are dull and prices have not
! varied for some little time.
Several changes nave been reported in
| spices, all in favor of the buyer. Sage, all
! descriptions OF tapioca and Zanzibar pepper
/ are now quoted at lower figures.
! The Gamers report good movement in
/ canned fruits for future delivery on Eastern
| account, though the market is by no means
as active as last year when the Eastern fruit
! crop was a total failure.
Canned salmon Is quiet and unchanged.
GENERAL MERCHANDISE.
I
The tin plate industry in England is IN A state
| OF feverish activity over the approach OF July
! lst, The date on which the duties on the impOr.
taiiOn OF this commodity into the United States
under the ptoYiS ions OF tie new tariff law &c
| iutO effect.
Shipments from Swansea, Bristol and Liver
| pool for The United States have never been SC
/ extensive as during the past fortnight aud they
| have been further accelerated this week. Some
| cargces aggregated over 5000 tons OF the metal
and one cargo was more than 1000 tons.
The stock OF tin plate In England has become
much reduced aud Is expected TO be well niel
! exhausted IN another week. The exports foi
| the current year 10 the United States up TO May
3lst are valued at Go, 947 ,5S3 against G., 326..
! 90 Tor ne same period ia $780, and about g.
| 100000 in 1889
The resolutions passed by the tin plate manu-
! faetuiers OF Wales TO close work alter July / 81
| viii certainly be carried, notwithstanding thai
Contracts Tor delivery during July and August
! were taken last week III The veiy good price O.
el3 Is per box Tor Bessemer plate.
Coal is frmer and all foreign descriptions
! to arrive have gone up 80 cents per ton In
consequence Of advancing freights. The
| weeks receipts were 1000 tons coast and
! APO tons foreign. A private circular says:
1t is seldom there IS so small weekly mpor
TALON 10 chronicle, Yet II has no apparent efiec
| on The market, aS the stocks on hand are fully
sufficient for present requirements; II "A similar
amount should arrive for several weeks, theI
there would be a noticeable effect; this il
| not likely. There Is slight Improvement fO
English and scotch shipments. with every prob
! ability OF Stlll further advance in the nea
| future Grain shippers are not the anxious char
terers at extreme rates for late loading that they
were month ago, hence inward coal freight!
| are feeling The effect, aud are strengthening
| Prudent jObbers and heavy consumers are quietly
| adding 10 their purchases for future delivery al
| ruling rates, aud they probably will prove the
| gamers. The quoted Australian freight rates on
coal will not permit liberal shipments 10 be
! made, as the quotations for English are muci
| lower, besides tonnage Is not plentiful there.
! Tobacco and cigars are quiet
/ lrxrs IL. H.,