The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1895-04-19
l0GDI EIFln NJ GOMMEDCF
LUUllL llLLU vi UUIIIIIILllUL
r. q. Dunn & Co.'s Review of
the Business Situation
SIGNS OF A TRADE REVIVAL
An Unusually Active Time in the Various
Retail Lines
SIGNS OF A TRADE REVIVAL
Increase in Orders for Seeding Oranges From
the East--The General Condition
Hore Favorable

r. w. Durham, local manager of r.
G. Dun e. CO. commercial agency, fur
nishes the following review of the bust
ness situation for his district for the
past week:
'Our eastern advices indicate some
progress toward better business, but it is
slow and accompanied with many adverse
conditions.
California appears to be awakening
from long slumber and there are many
signs pointing to a revival of business in
all our trade centers. We believe that
the energy and enterprise OF Southern
California and the continual growth of
this section has has had much to do
with the generally improved conditions
throughout the state. We hope the con-
tagion will continue to spread.
s'The first half of the month in this
city has been an unusually active one not
only because of festival preparations, but
in legitimate retail trade, the past week
having shown very large increase in
volume of trade in most of our leading
houses and the indications are that our
people will find at the end of the festival
that the expenditure of money and ell
ergy have not been wasted
1.-THE activity IN building appears to be
continually increasing and is attracting a
good deal of eastern capital in the lines
most closely allied with building enter
prise, and not week passes that we are
not called on to report new and extensive
industries in this line.
'.Jobbing trade holds up to fair aver
age and collections are improving. We
believe our jobbers might enlarge their
trade legitimately by more concerted
action, and there is no good reason why
they should not control the entire trade
of this section, too much OF which goes
to San Francisco. In this we echo an
opinion expressed by a San Francisco
jobber. Let us work tremendously and on
business principles and we will soon force
the San Francisco houses to open houses
here.
There is slight improvement in the
orange business, but we fear the season
as a whole will be disappointing.
There have been only eight failures in
our district for the first half of the
month, with liabilities of about S23, 500
and assets of $4,000"
4 4
There was no material change In the
orange situation yesterday. The demand
for seedlings is increasing and the indi-
cations now are that the entire crop will
be moved at profit to the grower. Red
lands, Highland, Cotton, South River
side and Rialto are practically out OF
navels and a good demand is reported at
Riverside. One noticeable feature at
the present time is the fact that the bulk
of the orders received at tae rooms of the
fruit exchange are from points east of
the Missouri river points, which indicates
that finances are not of the best at certain
points.
The Commercial Bulletin and North
west Trade, published at Minneapolis,
has the following on the orange and lemon
market in i is issue OF April 13tn:
''Oranges this week there
has been little if any betterment in the
market, and the sales from brokers' hands
to commission houses have been unsatis-
factory in price. though fair i'll amount
But there seems now to be u strengthen
ing in the market. The call is now larger
for seedlings and this item of the4list is
being quoted better than before Some
stock was sold within the last fortnight
in jobbing way as low as So cents box,
but this was trashy fruit. Regular quo
tations last week were $1.50 to 81. Is per
box on seedlings. but they have advanced
to ~ to $2.75 this week. There is still a
steady demand for navels, with no proba-
biity for decline, as the crop is clean
ing up well in California. There are a
few Messinas on the market all the time,
and demand enough to keep some COM
ing, The movement in oranges as
whole is only fair and not quite what
dealers think it ought to be, compared
with other things.
'Lemons-The trade thus far this year
has been unusually good, better than it
is at this time of the year generally. The
market is firmer this week. At the late
sales in New York prices advanced from
40 to 30 cents, and this market is respond
ing in that there is firmer tone, but the
formal quotations have not advanced yet.
There are a few cars of Californias, On
tairo stock. coming and they are taking
we'll. The price at which they are offered
is point in their favor. They are as
fine as the best of the Messinas, but prices
are lower for the reason that they are not
we'll known, and the growers are anxious
to introduce them to this market"