The morning call., 1891-12-17
CONDITION OF TRADE.
Abundant Proofs That Business
Is Satisfactory.
Remarkably Heavy Exports by Both Sea and
Rail-What the Failure Record Shows.
Wheat Lower and Dull.

There is really very little to bs said in a
general way of trade. Business is very fair
Tor the season and there is less talk Of
money stringency than usual al this time Of
the year. The overland shipments East
ward in November made fine showing, as
will be seen below.
The Bradstreet Mercantile Agency reports
95 failures in the Pacific Coast States and
Territories for the month OF November, with
assets S2s7, OO5, and liabilities S539, 927, as
compared with 80 for the corresponding
month of 1890, with assets sos, 265 and liza
5iities S741,371,
Following are the causes assigned for the
failures: Incompetency, %; inexperience,
10: inadequate capital for the business
undertaken. 81; injudicious crediting A.
personal extravaganza, 4; neglect of bust
ness and bad habits, 8 excessive competi-
ton, 2; unfavorable circumstances, floods.
fires, etc, 10; speculation, /; fraud I.
Local bank clearings last week were
81, SS4, $50, against SIG, 239,685 for the same
week last year.
THE GRAIN MARKET.
Wheat has again declined and is now
weak and sloppy at 81 so as the very top
figure for choice and 81 771a as the quota
ton for average No. 1. Wheat freights are
weak at 25s Cd, the rate paid yesterday for
an iron vessel. Wheat is very dull, as the
shippers are buying very little at present
Barley is quiet and featureless. Oats are
in sufficient supply and moderate demand.
Stocks of corn continue enormous an the
market is dull Rye is weak at a decline.
GENERAL COUNTRY PRODUCE
Overland shipments from California via
Southern Pacific lines in November were
81, ga 80 pounds, against 5l,430.25 pounds
in November, 1890. This shows an increase
for November of this year of 16, ABA, 120
pounds, and is still another refutation of the
cry of dull tines" which is occasionally
heard The detailed statement is as fol-
lows. in pounds: San Francisco, %, 239, $40;
Oakland. 1890 000; Sacramento. 1924, 100;
Marysyille, 1,563 $50; Los Angeles. 7,71f-
800: Cotton, GAS, $50; Portland, 9i2. $40.
The leading items were as follows: 1892
centals beans, 41Z.79U pounds borax, 20,2i7
gallons brandy, 626, G96 gallons wine, 2'324,s $40
pounds hops. 3.540,4 pounds canned goods.
Il, sos 0pounds dried fruit, 2,9l9, 4lO pounds
fresh fruit IL, 936, $50 pounds raisins, 1850, 420
pounds hides, 557. 430 pounds leather, 5000
pounds honey. 50l centals mustard seed,
993, $50 pounds nuts, 214 centais potatoes,
s. 4}4, 600 pounds wool, 1900 pounds quick
silver, ~, $50 pounds vegetables 438, 740
pounds canned salmon, 144,35o pounds
picked salmon.
:. The shipments of raisins last month
November, 1890. and those Of dried fruits
an increase of 10,457,3S0 pounds. Thus 1t
will be seen that most Of the increase was
due to larger shipments of raisins and dried
fruit, chiefly prunes. Both dried fruit and
raisin markets are dull at the moment, how
ever, and prices for all descriptions. except
prunes are low, while the raisin market is
simply depressed. The almond corner is
not yet consummated, but the market for
soft-shells rules very firm at the advanced
prices.
Hops are firmly held at previous prices
Stocks of all kinds are light and the inquiry
for choice is good.
Wool rules steady and business is very
fair. The trade look for firm market after
the turn of the year, as the stock at the close
of 1891 is estimated at only 100000 pounds,
against about 5000. 900 at the close of 1890.
Hides and tallow show no further yarin-
ton of note. except decline in refined tai
low.
Hay is dull and prices have not changed
Tor some time.
Beans are in fair demand, without excite
ment A South American inquiry has