The morning call., 1891-08-27
CONDITION OF TRADE.
Business Is Fair, With No Pro.
nounced Features.
Rosy Picture for the Farmer-The Cofses
Market Increasing Wine Exports.
Grain Speculation Active.


some are dull. Farm products as rule are
bringing good prices, the exceptions being
hides, potatoes and onions. Orchard
products are abundant, hut the glut is al
most over, as many of the orchardists
ceased to ship when prices got ruinously
low.
There was a marked advance in the local
bank clearings last week, the exchanges be-
ing Sl744i,G47, against Sl5,4l2,2 ,2j3 for the
same week in 1890.
THE GRAIN MARKET.
- The grain spectators are pretty busy Just
now IN wheat and barley, but chiefly in the
former. The fact is. wheat offers great in-
ducementstO spectators at present. The
markets all over the world have been more
or less excited for some days, and as prices
have been buOyant large amounts of capital
have been put into wheat operations. The
actual market is also firm and the shippers
have been free buyers in the country at the
San Francisco equivalent of 81 20 to 81 72h.
The farmers are not anxious to sell, how
ever, and hold on to their wheat pretty
closely At lately ruling quotations wheat
farming pays good profits and nobody
grudges the grower his long deferred gains.
Barley is quiet at slight decline. Oats
are weak and not very active. Corn IS neg
lected and demOralized. Rye has advanced
10 81 6212, at which figure it is firmly held.
Bran and middlingS are several dollars
per ton higher than last week and the latter
are remarkably scarce.
Grain bags are quoted at S% cents, which
Is the combination urice. 1t is reported that
almost all OF the outside bags are cleaned up.
Flour Is no higher, but it is very strong at
the recent advance IN sympathy ith wheat.
Rye flour, rye meal, etc, have been ad-
vanced in sympathy with the rise in the
raw grain.
Wheat freights have gone up to 52s 81, the
highest rate quoted for long time.
GENERAL COUNTRY PRODUCE.
An exchange says hat if the harvest work
now in progress in the United States shall
tuln out as well as anticipated, over 90 5,000.-
GOO people Will have great cause for grati-
tude at the next anniversary of ThaukSeiv-
ing day. The American Agriculturalist has
an article in type for its September number
that Will show clean profit Of $1,000, coo, 600
on farm products in the United States in eX-
cess Of last year. II says:
Unless unexpected influences wholly change
the current OF events the value of corn on tie
ear VIII average IN December lully 90 cents a
bushe! wheat 81 per bushel aud oats at least 40
cents. On this basis the value OF the corn crop
10 the farmer VIII be 81 900, 100000, wheat
S50U,00OOU0 and oats $3.50, 100000, or total
of sl,75OOUO, 900. This is $3.50, 900 600 more
tuan the value Of these crops In 1890 and $685.
100000 more than the value on The average OF
The tOps from 1880 10 1890 inclusive. Ii Is es-
tlmaIed that the many other products OF Amerl-
can farms VIII increase the excess OF value 10
lie NguTo named ABOVE. Cotton will
command good heuIes- Cattle are worth one
third more than eighteen months ago. Tobacco
Is advancing. Hops and frult commanding
goOd prices. The Increased profits this year,
whether they reach 1000 Oo0. 900 or half that
sum. VIII make all departments OF busnes. ac-
tive aud profitable, so that the We r lust ahead
promises 10 be one OF unusual prosperity.
1t must be observed, however. that the
above rosy picture of the farmers prosper
ity applies more especially to that part of
the United States lying east of the Rockies.
Although wine continues altogether too
cheap to suit the producer the export trade
exhibits its usual steady increase. The
shipments from this State by sea and rail
during the first seven months of the year
were 6.094, COO gallons, valued at SSH 600
against 4,S55, 600 gallons at 50, ,G04 COO during
tie corresponding period in 1890. Perhaps
the continued low prices may have the
ultimate effect OF thoroughly Introducing
our wines throughout the East, and if So
they Will have been a blessing.
Hay IS steady and some descriptions
show slight advance over last weeks
quotation.
Beans are very dull and weak, with
further decline in most varieties.
Potatoes and onions continue abundant
Butter is in large supply and weak.
Cheese is also easy. Eggs are quoted at
last weeks prices. Honey is quiet at pre-
Yi0us quotations.
Summer fruits and vegetables continue in
large supply and prices show no particular
variation.
Dried fruits and rasins are neglected and
very weak at unusually low prices. Eastern
buyers still hold aloof and at present can
not be induced to take hold.
Hops are dull at pronounced decline ir
1880 goods. Dealers quote a weak and
utterly neglected market
Hides are inactive and weak
Wool is moderately active and fairly
firm. The fall clip comes forward slowly.
Meats are unchanged.
GROCERIES AND PROVISIONS.
The private circular of K. Hochkoffer
gives the worlds visible supply of coffee on
August 1st at 2,6s5,50 bags, against 2,273,-
500 bags August l. 1890, and g. 432 652 bags
August l, 1889. The circular says:
This market has shown considerable activity
sil &C review OF the 1st inst, lie principal
feature being speculative NOV ment in Sal.
yadOT, about 5000 bags changing hands during
the past fortnight on Ihe basis Of 9 914 cent?
for good green unwashed. which has practically
absorbed all the stock obtainable al these fig.
uIes. The movement was Que wholly to Iocs.
uses, favored by moderate stock OF this de-
scflption, which has beer gradually concentrat-
ing tor SOM time past. While not participating
ia the advance, other varieties have felt In &
measure its stimulating effect, and fair amount
OF business enSued al about previous quotations
Costa Rica sold freely, especially those more Of
less mixed Will black beans and lmpef fectlOns,
but al Irregular prices, Which in some Instances
even Indicated a decline. Shtpmtnts overland
comprise 1872 bags fair 10 good Guatemala to 81.
Louis. and about 800 bags good unwashed Sal
Yador 10 points IN the Southwestern Territories.
In New York the option market has been fes-
tureless. but spot coffee has been adversely a
feet d by the ex RENE dullness OF trade, and
shows a decline OF SO OF cent per pound since
Ibe beginning OF the month. The stock in frs:
hands to-day is: s047 bags Costa Rca. 90
Nicaragua, 9447 Salvador aud II, ,9SS Guate.
maia-ln all 35,537 bags.
Jobbers are selling cooked corned beef
below combination prices.
Pickles are lower.
Sugar shows no change. There is good
interior demand.
Rice sells at about the prices quoted last
week and there is no particular feature to
the market
Provisions continue firm, and every now
and then hams and bacon are advanced
fraction.
Canned salmon is dull and weak and
prices are slightly lower.
Canned fruits still hang fire. There Is
some call for the East, but as a rule the
Eastern buyers are holding off as long as
possible, in order to secure low prices. The
market is very weak at further decline,
and the Gamers gladly make conce ssions to
effect sales.
GENERAL MERCHANDISE.
Tin plate is booming There have been
sales at 81 per box, and 81 80 is now the
asking price.
Cement is in large supply and excessively
weak, with sharp cuts in prices reported.
Tobacco is reported in better demand.
There is a fair call for cigars
Coal shows no change. The market Is
not heavily stocked, but there Is plenty
here for all current needs. The sharp sd
vance in wheat freights to Europe tends to
attract ships to this port, and in fact there is
an unusually large amount of tonnage
bound hither. This points to liberal ar
rivals of foreign coal this fall and winter.
The demand for dry goods is reported fair.
THE DONAHUE AUCTION.