The record-union., 1892-07-11
COMMERCIAL.
Weekly Financial Review at San Fran
cisco and at the East.
Trade Quiet, Cereals, Fruit and Vege.
tables Quiet-Poultry Steady
at the Advance.
Especial Correspondence REcoRD-Ux1oN.l

Ae usuaA lraoe was llght to-day. Inc nItle
business we should have enjoyed was inter
rupted by the explosion Of the Giant Powder
Works, which broke windows in this city and
turned the drift OF con versation from business
10 the catastrophe. In the produce market
trading was interrupted in the same manner
as was merchandise. Fruit and garden stuff
moved off freely at around the prices which
ruled on yesterday. The receipts were gener-
efally closed out at an early hour in the morn
Ing. Poultry was quiet at yesterdays advance.
The local money market closed the week
with the rates of interest still in favor of bor-
roWers. The reserve funds in the banks are
said to be larger than ever before in the month
OF July. The disbursements that are being
made have not as yet, had any visible effect
on the supply. 1t is claimed that the money
paid out will find its way back into the gen.
eral financial reservoirs sooner than for years
past, owing to an entire absence of induce
ments for investments. Probably this State.
more than any other in the Union, feels the
depression in trade the greatest. This is re-
hected in the weekly Clearinghouse reports at
leading financial centers. The returns the
past week show an increase in business at
every place except at San Francisco Los An
geles and Tacoma, Washington, The in
crease in the clearances at other
places points to returning confidence
report growing feeling that within the next
thirty days the flow of coin Will be toward the
agricultural centers. This opinion is given in
the face of an unprecedented heavy flow at
this time of the year from the above centers to
New York The outward movement of funds
will be made to meet the demands for crop
moving purposes While the above opinion
may be correct. yet our advices from the
money centers in the Southern and Central
States do not warrant the drawing of any
such conclusions, or, at least, we may qualify
this by saying that the call on New York and
Boston banks for funds will not assume any
such proportions it did in former crop season
years. This opinion Is grounded on the fact
that the banks in the Central and Southern
States have more available funds than for
years, which they have not been able to place
advantageously.
In connection with the above, il viii be of
interest to learn that, according to late tabu-
hated statement of the New York Daily Stock
holder, the amount of interest and dividends
which is to be disbursed in that city alone
during the current month is larger than for
any corresponding month within the history
of the city of New York. According to that
paper interest is due and payable during the
month on over two and one-third billions of
bonds Of railroad and similar corporations,
and the stock of these corporations on which
the dividends are due this month amounts to
eight and q quarter millions. The amount to
be disbursed on account of interest reaches
the sum of 6O,217, 1853, against S6O,056, O46
last year, the dividends aggregating $17,9S9,-
625, as compared with SIC, ABS, l17 in 1891,
making the total disbursements SIS, 2O6,9S3,
against SIG, 495, o63 in July OF last year. The
growth of the disbursements may be better
seen from comparison of the July disburse-
ments, as shown in the following table:
Bones 228,2is,e62 49, ,787 $685. ,2o8
In5eEsst' S3t f943f $50 s SS3
Total. s74,i69,l2l s76495,o63 s78,2o6,9S5
The interest natures on a large portion of
the national debt and the Government viii
pay the quarterly interest on the four per
cents, about So, $4,000. Beside these there
are the payments on account of most State,
city and municipal bonds and the various
manufacturing stocks and bonds, OF which
no record is made, so that it can be safely said
that the disbursements will reach the neigh
borhood OF $1oO,OOO,OOO.
The money circulation OF the United States
was reported on June l. 1880, at 81 ,431,-
100000; on June l, 1891, at 81, 504, 100000,
and on June l, 1892, S1,62O,0o0,00O.
The Raua0ay Age of New York has a long
review of the mileage of railways constructed
year, which is summarized as follows: The
returns show that 1866 miles of new main
track have been laid IN the period named,
distributed among 115 lines in thirty-ive
of the States and Territories. Last year at
this time 1,72S miles of track had been laid,
and yet the entire year of 1891 showed the
smallest aggregate of track laying since 1855.
But a review OF the work in progress does not
warrant the belief that the falling off for the
entire year of 1892 Will be in any such pro-
portion as that during the first six months.
CEREALS.
Receipts Flour, OSLO barrels; Wheat,
/ 900 centals; Barley, 4,210 centals; Corn,
!, 800 sacks; Oats, $500 sacks; Rye, $50
sacks.
WHEAT-The market was duh, but no
lower. Very few samples were Offering. The
market is quoted as follows: Shipping, 81 36A
ta1 3S94 for fair to good; choice TO gilt-edged,
fair TO good; 81 4714@1 so for choice to gilt
edged Holders ask more money than the
above quotations.
The feeling is quite bullish. The market is
quoted as follows: Feed, poor, $4,000;
1air. to good. 91lA@92e; choice TO extra 1
New Brewing is quoted at S1aI o5.
CORN-The market is steadier under a re-
port of some buying for Mexico: We
quote as follows: Yellow, large, 81 goo
! 22l5; small. 81 227a9l 20; White, 81 221a
0ATS-Free receipts from Oregon cause a
weaker tone. some concessions were made to
save expenses The market is quoted as fol-
lows: Feed, 81 271a@1 1854 for common;
choice to extra choice; 81 so for gilt-edged;
Surprise, 81 5591 60; Gray, 81 371a@1 4212.
FUTURES.
Trading on call to-day was only moderately
active in both Wheat and Barley. Dealers
look for more activity after next week or as
soon as fuller detailed information is received
of The worlds crop outturn.
Following are the sales recorded at the CAN
,rI tod
'01 W1;heafNMorning- Regular session. Seller
1S92-4Oo tons, 81 363s.
seller 1892, new-SOO tons, 913Ic; 100
WheatNInforna1. Seller 1s92-1oo tons,
Afternno5on-Wheat. December-1oo tons,
Ba lTeE Deoember-1oo tons, 81 412s p ctL
BarIey-No. l Brewing, w-July-August
100 tons, 99c; 100, 81 2 ctl.
FEEDsTUFF.
Receipts i Bran. SO sacks: Middlings, 215
sacks: Hay, 325 tons; Straw, 20 tons.
Bran, AIiddlings and Ground Barley are
strong. Feed Meals and Cracked Corn are
steadier. The market is quoted as follows:
Bran, S17 5o91S so p ION; Middlings, $20G
p; Rolled Barley, S21@23; Feed Meal,
HAYSThe market is firm but quiet. The
market is quoted as follows: New Hay.
Clover, $99l1; Alfalfa, 500; Wheat, S1O@
ID 30; Wheat and Oat S9@11; Old Hay, S11
ola 90 2 ton for Wheat; S1o@I2 for com
pressed; S1o@12 for Dat; S10613 for Wheat
and Oat; S1O@12 for Wild Dat: S10@12 for
Barley; SS@l0 for Alfalfa: SS6IO for stock
straw is quoted at 100000 = bale.
DAIRY PRODUCE.
Receipts-Butter, 354 ctls; Cheese. 27o ctls;
Eggs, z, 100 dozen. Overland receipts-Eggs.
- dozen; Cheese, - cts: Butter - ctls
BUTTER-Ihe market did not Show any
material change to-day, The market is quoted
as follows: Poor to fair, 15@17c; good to
edged Creamery, 21c.
CHEESE-The market is steady under a
md n