The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1893-07-26
-ANNERIES IN FULL BLAST.
EMPLOYMENT Is Furnished for
Many Workers.
THE ORCHARDIsTS ARE HAPPY.
The First National Bank Comes to the
Rescue of Californian Indus
tries With Liberal Loans.
The calm is coming after the storm.

The calm is coming after the storm.
The commercial banks are beginning to
loan money freely to Californian indus
tries. and already the financial market is
easier, and better feeling exists in the
commercial community than there did
a week ago. Merchants and jobbers,
fruit-canners. farmers and others interested
in the industries of The State are smiling
now, though a few days ago their faces
were gloomy enough to indicate bad bGsl-
ness and worse prospects.
The. industry that suffered most and
needed immediate relief was the fruit
canning business. Every season the
banks extended usual accomm oGations to
Gamers and farmers TO preserve the crop !;
but up to last Friday no relief was given,
ana it really seemed that the fruit would
rot on the trees for lack of ready money to
husband and pack it. The Clearing house
WAS appealed to by Gamers early this
month, aud at a meeting the only action
taken was to recommend banks TO loan
money TO packers of fruit. Another meet
ing of bankers was called for Thursday
last for the purpose of taking measures to
assist the Gamers. Nothing came OF it.
however, and that seemed to seal the fate
of this years crop of fruits IN California.
Relief came independently of the Clear
ing house, all the same, and since last
Thursday a wonderful change has come
over the apparently doomed industry. In
stead of fruit falling from the trees and
decaying in the orchards orders are flash
ing throughout the interior and farmers
are gathering their crops
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large quantities Of fruit. Fontana & Co..
the Cutting Packing Company. San Jose
Packing Company and the Sacramento
Packing Company are canning all their
works can turn out. and they intend to
preserve as much fruit this year AS they
ever did.
Code. EIfelt & Co.. B. G. Smith, 4.
Lusk & Co.. King Morse Canning Com
pany, Beck & Co. Overland Packing Com
pany and A F. Tennery & Co. are operat-
ing more than half their capacity, and
viii increase the output provided there
comes a fair prospect for demand.
Largely if not almost solely is this i'm
proved condition of the canning industry
due to the wise policy of the First Ma
tinnal Bank.
asa meeting of directors of this institu-
tee last Friday President q. Murphy ad-
we Eed Immediate assistance for the in-
dGsIries of California. 1--WE have ample
l4nds.S said he. ito loan some TO leglti-
mate industries. The fruit growers and
packers ars complaining that their bust
ness is being ruined because the banks de-
cline to accommodate them, and II is GER
tain that the farmers are suffering"
IIjs af with tho anDrnypl of no
board. and with little further discussion it
was voted to loan out all money needed by
State enterprises, but not cent Tor specu-
latou.
Accordingly on Monday the largest and
best known canneries started their several
factories at work Fruit began to move
from the orchards and some thousands of
people were given employment. The ice
was broken.
Although other banks are still incline ed
to be exceedingly cautious and conserva-
tive in loaning money, some of them are
helping the grain men and Gamers. AS the
easy feeling in financial circles improves i,
is generally understood that money will be
loaned quite literally for business pur-
poses. And SO there is a certainty nov
that the harvests will be saved.
''We started in for steady run on Mon
day to pack all our factory can handle, u
said Mark j. Fontana. yesterday. money
is not tight at all now. All banks are
loaniDg- conservatively. of course. The
canneres are already running at say 40 10
80 per cent of their capacity, and may run
full later on. Since money got easy it has
become question OF supply and demand
of fruit with packers as to how much they
shall pack
eve are packing for ORDERS" said men,
Der of the Code. Elicit & Co. firm, land
will fill all requirements. The little mush-
room canneries are not heard from this
year. They don't expect accommodation
from the banks. and. indeed, they are no,
entitled to il. For that reason think the
pack will not be up TO the usual volume. "
"Canneries are opening and the banks
are loaning on industries now. and helping
industries along" said Thomas jennings
bank director, who is also director in
two county canning-houses.
Sufficient for present needsY was
asked.
Yes, for all industries to men who want
to harvest their crop. provided if it be
wheat they sell it when put in the ware.
house and not speculate on it. This is q
wise move, because you've got to help poor
people, and specializing doesn't help the
community. The First National Bank il
ioaniDg this week to the industries Of
California in sums large enough to keep
them going. Last week these industries
were restricted on account of money mat.
ters, but now they are getting what they
want and there is sufficient to handle the
grain crop and fruit pack. Labor has te
be paid, and fruit is cash."
What effect will loaning money have
on the fruit market?" was asked.
Fruit men can sell now because the
canneries are running. They couldn't sci
before. as the canneries were closed.
Things look brighter every day and ]
really think the worst is over. With oul
board OF directors the other day it was the
n