The record-union. [volume] (Sacramento, Calif.) 1891-1903, 1892-08-19
COMMERCIAL.
General Review of the Produce Mar
ket at San Francisco.
Buyers stin Bearing the Market on
Wheat and Barley-Butter Weak
Arrival of Eastern Poultry.
Especial Correspondence REcoRD-UsroS.l


the agricultural districts to make advances
on Wheat which is going into warehouses.
The present low range Of values is causing
more storing than for two years past. The
market seldom sells below prices now quoted,
Whlle there is seldom year but what higher
prices rule, so that in the light of the past
farmers appear justified in not selling, partic-
uIarly with so many ships in port and TO ar
rive. The low price now ruling for silver is
against Wheat grown in gold-using countries,
for it admits of Indian and Russian Wheat
being imported into England, Germany and
France for less money. 1t is the general opin-
ion among bankers that much better prices
will rule for silver soon, although before the
market advances much it may sell down at
81 or even so cents in New York. Silver is
being manipulated by a powerful moneyed
syndicate at home and abroad, and this being
the case it is only question OF time when
higher prices obtain. The Wheat crop
in the United States is now estimated
NJ 5oO,0oo,0O0 bushels, against Gill;
100000 bushels in 1891. The Indian
crop is also short, as is England's. The
increase in the crop of other countries is far
short of the decrease in America, India and
England. The corn crop is also very short
The situation is favorable TO growers, but the
wheat and ship rings are fighting for lower
Wheat prices. Barley has had good support
from a strong shipping demand for brewing
grades. The crop at the East is short while
the European crop is not an average. Feed
Barley has been weak. Oats have held strong
but at no higher prices. The receipts are
barely equal to the demand. Rye has been
dull and weak. Corn has been quiet but
fairly firm at the lower quotations. To-day
White Corn was stronger. Ground Feed has
gone out quite freely but large supplies keep
prices down. Oregon continues to send US
free supplies of Bran. The receipts of Hay
have been very heavy, but the larger proper
ton was poor TO fair, which helped to keep
the more choice grades fairly steady. In gar
den truck Tomatoes have, under heavy re-
ceipts, sold down. That now coming are not
wanted by Gamers; even if they were, can
ners could not handle them now owing
to the rush of fruit. About all kinds
OF vegetables, except Summer Squash
have sold down. onions have ruled
weak Potatoes have weakened slightly
under heavy receipts. There is a fair ship
ping demand from the south, but as set it
does not clean up the market, unless conces-
sions are made. Butter comes in freely from
northern ports, and as the market price for
gilt-edged creamery had been forced too high,
the retail trade turned to rolls. This, com
bined with hot weather, caused concessions
sAAiO AAAANl1 AOWGI PRICES ~ / uiG loWStl1 t44c
close. The supply now here is largely in ex-
cess of the demand, for in hot weather the de
Inand falls OF. Cheese has held fairly steady,
as have Eggs. Heavy receipts of the latter
from the East did not break prices, BUTT kept
the market from advancing. There was a fair
demand for keg Butter
Hog product holds strong at the recent adj
vance. The corner which is being run at Chi
cago bids fair to send prices still higher.
Honey is coming in more freely, but buyers
stand ready to take all received al full prices
For new crop Hops buyers have advanced
their bids. 1t is claimed that from 1Sc to 2Oc
is the range now bid by them. The short crop
at the East and abroad favors growers. Mus
tard-seed is coming in more freely, and, as
usual, buyers are trying to force the market TO
lower prices, notwithstanding the situation
warrants the expecting of an active demand,
owing to reports OF light crop abroad. Wool
is reported essentially unchanged, although,
Judging from Eastern advices, the mar
ket is shaping itself toward the in
terest Of holders. The cholera scare in
Russia has cut OFF a source of liberal
supplies for manufactures, and, consequently.
the coarser grades Of Wool are strong and
slightly higher at the East. In the past week
the Poultry market made another of its erratic
movements. on Thursday, Friday and Sat
aurday choice old hens and ROSTERS were
forced to higher prices under strong conpeti-
tive buying, but on Monday, although the re-
oeipts were light, the market was heavy,
owing TO buyers holding OF. The arrival of
two carloads from the East were against the
market. There is still a great scarcity of large
sized aforementioned old fowls Young
fowls are also not in good condition. Beans
have held to strong prices under heavy ship
ments to the East and fair shipments to
Mexico and Central American ports The
event Of the week in the fruit market was a
discontinuance of the auction sales The
Rural Press in referring to it says editoriaIly:
After a trial of three weeks the sale Of fruit
by auction has been discontinued That the
venture commenced under favorable auspices
cannot be denied for there was quite num-
Der of large fruit-gTowers who consigned fruit
for sale, and the market was, for the first two
weeks, active and strong under moderate re-
ceipts and free buying by Gamers and the
trade. With heavy supplies of fruit. BUYERS
left the auction system severely alone unless
they secured bargains, and followed in the
well-beaten trade tracks of former wears
Whether the auction system can be made a
success in this city is problematic. At the
East, sales of fruit are confined largely, if not
entirely, TO extra choice selected fruit grown
elsewhere, and which is furnished direct TO
local consumptive points, and therefore it
is that success has crowned the auc-
ton sales OF foreign fruits Florida
oranges and California fruit Auction sales of
deciduous fruit from this State meet with the
best and often the only success when it comes
on the Eastern markets ahead of the truit
crop at the East or before consumptive points
are supplied locally" The market for fresh
lruit was overstoCked with culls and rejects
by Eastern shippers. The bulk received. being
poor keepers, had to be forced on the market,
and with the usual results-low prices and a
general Generalization. AT the lower prices.
and with warmer weather, peddlers and deal
ers in second and third grade fruit have had q
feast. They report heavier sales than at any
time in this season. Gamers were largely
supplied with contract fruit, and only came
in the market for something very choice
which, it is needless TO say, is as scarce as
hens teeth, owing to the Eastern demand.
The market for new-crop dried fruit has ruled
quiet but strong to buy and weaker to force
sales. The general tone is healthy and in
dryers favor provided the curing and pack
ing are Al Raisins are meeting with a good
inquiry, and considerable quantities are being
placed for October and November shipping,
The market for nuts is strong, with the gen
eraI tendency apparently to better prices.
owing to short crops abroad. New-crop wal.
nuts nave been contracted at an advance on
prices ruling at this time in 1891.
STEAMER MOVEMENTS
The following vessel dates for sailing and
destination cover the outward movements in
next week: -
5ug0sI. Steamer. Destination.
20-Crescent City,. Crescent f1itx-
S0-folhU Arena Point Arena IL Mendocino
o. t, reAa Fields Ldg Il Arcata
21-Eureha ........-...-San Pedro and vav ports
21-Siate Of California. Portland and Astoria
* tdaieV1s Yaquina Bay
22-Michigan- PIT Townsend, Seattle (, Tacoma
S3-GofOslst.... Diego and yvay I,ortS