The record-union. [volume] (Sacramento, Calif.) 1891-1903, 1892-07-01
COMMERCIAL.
Review of the Markets for the Past
Week.
The General Trade is Quite Fair
in San Francisco and in
Local Circles.
Special Correspondence REconD-Ux1osl

lSpeclal Correspondence REcoRD-UNIoN.l
SAN FRANCISCO, June so, 1892.
Oenerai trade the past week was quite fair,
considering that it closed with the closing
month OF the first six months. Many mer-
chants are absent in the country. while others
are preparing TO leave on tomorrow for
three days vacation. About every wholesale
store IN the city viii keep closed on Saturday
ana Monday. The closing win be more gen
eral this year than ever before. So far as we
can learn there have not been any changes in
prices in the leading lines of trade.
In farm products there have been more
samples of both barley and wheat exposed,
but few sales are reported. Buyers continue
10 quote down, while in reality they pay an
advance. 1t is quite generally claimed that
wheat will begin to move more freely in next
month. Harvesting is general in this State.
The yield averages better than it was claimed
a mouth ago that it would. Fruit is
moving very freely, and at generally
better prices, particularly for the,better quail
ties. Gamers have entered the market and
made heavy contracts for fruits, from which
extras can be turned out. Short fruit crops
at the East have induced to this course Dry
ers are also taking larger quantities. Last
years experience in drying poor fruit has
taught dryers that good fruit, well cured and
properly packed, pays; but poor, trashy stuff,
generally nets loss. OF course, when there
is a hungry market and prices are high, then
there is an exception to this rule. Dairy pro-
duce has toned down, with lower prices
cepted for Butter. Eggs also broke under
strong selling competition. The Poultry mar
ket has recovered from its demoralized condi-
ton, into which it was thrown by heavy ar
rivals of Eastern. Hog product made an
other advance. The Honey crop win not be
much more than one-half of a full average.
The Raisin crop promises to be less than it
was in last year, but the grade will be better.
The local money market continues to rule
easy, with the ratio of interest against the
bank. AS has been heretofore stated, Sc
curities are closely scrutinized and only first
class accepted. The demand for accommoda-
tons on grain in warehouses is beginning to
set in, but as yet there have been only few
calls on our banks. Banks in the country
have meet about all that has been required so
far.
In to-day's markets there was very little do
ing in general merchandise and light trading
in grain. A free business is looked for after
the coming week. Fruit and vegetables were
well cleaned up at around yesterdays prices.
The demand was chiefly from the summer re-
sorts.
In mining shares there was more doing to-
day and at strengthening prices. The i'm
provement in the market naturally follows so
long depression and low prices to which the
shares had been sent. News from the mines
begins to be OF a more important and interest
ing character. The exchanges closed to-day,
not TO open until next Tuesday.
STEAMER MOVEMENTS
The following vessel dates for sailing and
destination cover the outward movements in
next week:
Steamer Destination.
estate OF Portland and Astoria
Soy ofSydney~........N New York via Panama
6-Santa Rosa........San Diego and way ports
5-Hattie Cage. Eel River and way ports
6-Pomona....... Eureka, Fields Ldg & Arcata
Eureka. ...............San Pedro and way ports
S-Umatilla......~V Victoria, PCT Sound d Alaska
S-0regon ..;.........Astoria and Portland
8-Millamette Valley .,.;............. Yaquina Bay
9-China Hongkongg via Yokohama
Corona ........;;. San Diego and way ports
9-Point Arena. Point Arena and Mendocino
9-Humboldt:, Eureka, Fields Ldg q Arcata
S-Crescent CITY Crescent City
1o-North Fork Eureka, Fields Ldg & Arcata
TONNAGE MOVEMENT.
Several iron vessels have been taken the
past week for wheat loading at 26s 3D. usual
option. Several vessels, it is said, have been
taken to arrive. The tone for ships appears to
be stronger. The Wheat tonnage in port is as
follows: Engaged, 46,095 tons; disengaged
1850 Total, 81, 15S tons register equal
to 262, 06S tons carrying capacity Tonnage
on the way aggregate gaia tons register,
equal to q carrying capacity of 400, 013 tons.
CEREALS.
Receipts-Flour, 6. 252 barrels; Wheat. 3d.
S17 centals; Barley, 26.263 centals; Corn =
sacks; Oats, ], 1865 sacks; Rye, 1875 sacks.
WHEAT-The market the past week has
been very quiet, with buyers trying to secure
shipping grades at lower prices. 1t looks as If
the movement is TO send ships up and wheat
down; whether exporters succeed will depend
largely on farmers. If the latter press sales
the market will set off but ii they hold firm
then exporters will be forced to pay up.
In a leading editorial on the Wheat situation
the Rural Press takes the position that while
the leading centers for handling Grain may
possibly have fully as much Wheat on hand
on July l, 1892, as there was the correspond
ing date in 1891, yet the fact must not be ig-
nored that high average prices in 1891 drew
supplies from ali available sources, and conse-
quently the visible and invisible supplies will
not now equal the corresponding supplies at
this time last year. But admitting that the
supplies are about the same, even then the
situation is favorable for an advance in prices
Tor W heat before nine months pass. In India,
Great Britain, Australasia aud the United
States the crop is considerably less this year
than it was in 1891. The large shortage in
the above countries is very considerably
greater than is the increase in other countries
of the crop this year compared with the crop
in 1891. Not only does Wheat show fall
ing Off, take all countries as a whole. but Corn
viii be very materially less In the United
states the crop under most favorable weather
bushels OF the yield in lS91. In Russia and
other Corn-growing countries the crop will
not aggregate any more than it did in last
year. The market is quoted as follows: Ship
ping, 81 1901 3715 for fair to good; choice
10 gilt-edged. 81 3S$491 414; milling,
81 4124@1 45 for fair to good; 81 473a@
! so Tor choice to gilt-edged. Holders ask
more money than quoted above.
BARLEY-The market has been slow, but
fairly steady. On of grades buyers succeeded
in getting concessions, but on the more choice
grades values were well maintained. Eu-
ropean advices report shortage in the crop.
Market is quoted as follows: Feed, poor,
S73%@9oc fair to good, 9114@95c; choice to
extra choice, 9614@984c; brewing, Sig
OATS-Heavy receipts the past week from
up north caused the market to shade off for
poorer grades but choice to gilt-edged the
tone was strong st full prices. The market
closed stead1er. The market is quoted as
follows: Feed, 81 2712@1 2S54 for common;
81 30@1 40 for fair TO good; 81 41L91 Az
for choice to extra choice; 81 80 for gilt
edged; Surprise, 81 55@1 60; Gray, 81 1870
CORN-Receipts have been fair. while the
demand has been light, and to save expenses
sales were on the wharf at lower prices. We |
quote as follows Yellow, Large, 81 2713@ |
! 321a; small, 81 323a91 3614; White, |
81 321a11 361l.
RYE1The market is duh at 81 1o@1 1715. |
FUTURES.
There was more trading on call, with slightly
better prices secured for Wheat options. Bar |
ley was quiet.
CALL BOARD SALES.
Following are the sales recorded at the Call |
Board to-day:
MISUNDERSTANDING Wheat-Seller 1892, |
200 tons 81 373s = ctl.
8nyer December-2o0 tons, 81 421s; 100, |
Barley-seller 1892, new-5oo tons, $3.50
q ctl.
Bran-seler 1s92-5oo tons, SIG SO ton.
Afternoon-WheaU- 1892-2oo tons, |
Barley-se!ler 1892, new-1oo TONS $3.50;
I