The record-union. [volume] (Sacramento, Calif.) 1891-1903, 1892-09-23
COMMERCIAL.
Weekly Resume of the Market at
San Francisco.
Wheat Closes Very Ffrm-Barley In
active, with No Immediate Signs
of Improvement.
Especial Correspondence REcoRD-Ux1oS.I

Especial Correspondence REcoRD-UNIoN.l
SAN FRANCISCO, Sept. %, 1892.
Business in this city has remained materi-
ally the same as at time of last weekly re-
sumo Wheat closes very firm at to-day's
quotations unchanged and buyers, buoyed
up by steadier tone TO the English market,
are more eager TO make purchases. Offerings
are very light, however, and sellers viii not
let go unless at advanced quotations, winch
viii probably be obtained before the week
closes. That an advance could long be main
tanned is seriously doubted in view of the fact
that this years productions all over the world
are in excess of consumers needs. with the
market at its present low ebb, which VIII
barely pay cost of production, spectators are
very apt TO buy up the market sufficient 10
force values, see themselves safe, and then per-
NIT collapse to follow. Local holders are
not used to accepting such low quotations as
prevail, and whether or not ii is good business
policy TO hold is debatable. Freights have
been very dull, owing to the bad condition of
the English market, up to present time. The
ruling rates on cargoes are 22s Cd to 25s, &C
cording to size of vessels, against 400 los for
a corresponding date last year. Of course
these latter figures were forced by spectators,
which were smashed several months later
when the Wheat men realized their true posi-
ton, when freights descended to 16s 6d-a
lower rate than ever before known in the COM
mercial history of this city. 1t is calculated,
based on present conditions, that 27s Cd will
be the maximum chartering price for this sea-
son, which is less than a satisfactory or COM
pensatng price to ship-owners. On the LIST of
July reliable authorities calculated that Cali
fornia's surplus of grain this year would
amount to 100000 to 100000 tons for ship
ment. AT the present time there are ships
lying idle some of which have been in port
for a year past, with a carrying capacity OF
100000 tons; on the way there are ships ag-
gregating capacity of 475, 900 tons. 1t is
almost q startling condition of affairs when it
is known that only $4,000 IONS carrying
capacity have been chartered, which is now
loading or to be loaded after discharge of
present cargoes at Port Costa. With ships on
the way there will soon be in port over 60O,-
900 disengaged tonnage. Last year at this
time there was only Ia, $50 tons carrying
capacity in port, with 10000 tons on the
way. Ships which several months ago obsti-
nately refused to accept chartering rates are
now loading at prevailing rates. while others
are still holding out, permitting expenses to
accumulate. Freights all over the world are
in very bad condition. There are toe many
ships. The volume of trade has shrunx, but
shipbuilding goes on increasingly. Unless
holders let go and shipping demand sets in
it will result seriously to ship-owners who can
i'll afford TO lie idle.
Barley is inactive, with no immediate signs
of Improvement. Receipts are moderate,
coming principally from off the coast. The
demand has been principally for choice Brew
ing.
AS far as other cereals are concerned, the
ct is nd hos tIr
week ending.
Dairy Products have remained steady at
satisfactory prices all around. Eggs are es-
pecially steady at good quotations.
Vegetables move fairly well, but the market
has not been really active for several weeks
past.
AS the season advances Fruits are becom-
ing scarcer, and the quality deteriorates. The
demand for canning has greatly diminished
Grapes were slightly firmer, or rather were in
good demand, owing to shipping inquiry.
The market is full of poor Pears and poor
Apples. The market has eased little on
Peaches. Cantaloupes are little firm, but
the supply is sufficient for the demand.
OF Dried Fruits and Canned Fruits nothing
can be said except to confirm previous re-
ports. 1t is expected Raisins will arrive this
coming week, In the Raisin-groWing districts
the weather has been unpropitious and the
crop is very back ward. There will be fewer
canned Aprieots carried over this year than
ever before.
Poultry has been steady, but was easier to-
day on account of arrival of carload of
Eastern stock. The demand is not brisk but
satisfactory to permit dealers to clean up.
Large-sized Poultry meets, ready sale.
No change of importance has taken place in
Provisions except in Meats A large Eastern
combine has been formed which has caused
decided advance in prices.
The volume of business under the miseel-
lany heading has somewhat frightened up
during the past week, and merchants are in a
little better spirits, anticipating a good bust
ness as the fall trade opens up.
ON CHANGE TODAY
Adviees from foreign markets caused the
local market to be very steady to-day, but the
volume of business transacted was very light.
The attendance on Change was considerably
diminished, this being one of the Jewish holl-
days. Receipts of Wheat to-day footed up
23,O34 centaIs. The only sales were 400 tons
of Buyer December at 81 33$z. Four hundred
tons of Barley also changed hands-2OO
Buyer December at 675sc; 100 tons do, S7s4c
Cereals.
WHEAT-No. 1 Shipping, 81 26k@1 27%:
choice, 81 2s54; milling, new, 81 3219e1 35
y, BAR I56.1,;- s0@621ac; choice, s5c;
OATS : Fair TO good White, 81 1715;
choice to fancy, 81 271991 321a: OFF lots,
81 o5@1 10; milling, 81 3O@1 So; Surprise,
q 81 1891 1921 90 20; Black 81 1o@1 20; Gray,
C0RN-Yellow, large. weak. 81 23sl@I a5:
small, 81 2772@1 so; White, 81 3212@1 30.
RYE-We quote: 81 o5@I OH.
Other Cereals.
The market is quoted as follows:
BRAN-S15G15 so p ton.
MIDDLINGS-S19 p ton.
ROLLED BARLEY-S19@20a ton.
FEED G0RNM EAL-S2 $3.50 . ton.
FL0UR-Net cash prices: Family Extra,
S4 1904 20 p Dbl; Bakers Extra, S4a4 TO-
shipping. superfine. 50 5000.
SO 2o@2 80; Bayo, S2@2 10; Small White,
So 5000 40; large do, S2@2 10; Butter
nominal; Red, nominal; Lima, So 9o@3.
Canary. 414@41zc for Imported; do California
nominal; Flax. 214@25Sc; Alfalfa, nominal;
Mustard, 3s4@4c for yellow and 314931zc for
HoPs-16@2ocR Ii.
STRAW--35@4oc q bale.
HAY-We quote as follows: Clover, $50
9 so; Alfalfa. 3 29@2; Wheat, s7@12;
Sacramento RIVER do, 5000 SO; Dat, $500
Dairy Products.
BSJTTER-We quote: Fancy Creamery, 80
632c; Fancy Dairy, 2S@3oc; good TO choice.
25@2715c; common TO fair, 1s@2215c:
Pickled Roll, 2215@25c; Keg, 22IS@24e + ID.
CHEESE-The market is quoted us follows:
Skim S95e calldorn1a ygtRe IIaaf99Tn 1l
New York Cream, 13@133zc; Western. 12@
EGG5s-ehoice store. s2@35c p doz;
Tor fair to good and 25@271zc for extra Sc
HpNEY-white Extracted, 7@719c; Light