The herald., 1895-05-09
A Distinct Improvement All
Along the Line
OROUTH IN THE NORTHWEST
Satisfactory Mov,m:n. in tn, Market TO.
Seeding Oranges
Sp.-llltionJ for I'll. C,nl1y S.15o. All
Ref,rencs to Florid,'s Coadtloa The
Work OF the Farms

News from the farms over large por-
ton OF the west give promise of good
crops OF corn and wheat. February was
month OF drought which was not broken
in MIrch. but which has now tcrmi-
mated. to the inexpresible relief OF the
farmers. Especially has hope revived in
Nebraska. where of late til ere was con-
siderable destitution. The New York
Timss' raport from ON Aha concerning
the agricultural situation an | outlook in
Nebraska says that the rain has revolu-
tionzed the crop and commercial status
OF tile state. IA crisis had come says
the writer. "There was almost an inch
deficiency in rainfall since March 1st,
which. addel to the great deficiency OF
last year, made conditions desperate. 1t
Is now ascsrtained that the rain was gem
eral. All comm ercial circles here have re-
ceived an impetus no eastern ommunity
conld exp perience. Job )e RS and manu-
f,ctureis are alreadyreceiving telegraph
10 orders for goods, and conditions have
xiso impr owed.
Letters received at the fruit exchange
headquarters yesterday report additional
from Minnesota to Kansas, and pros
pect Of good crops with resulting i'm
provement in business and industrial
conditions. The effect OF good crops IN
the northwestern states upon the Califor-
MA fruit grower is indirect. but none the
less certain; and the best possible basis
for hope Of profitable disposal of the COM
ing crop of deciduous fruits is the report
of good crop prospects in the region
which last year was Impoverished by
long continued drouth.
4 4 =
Henry C.ews' weekly financial news:
Step by step the market is gaining new
elements of con tdence. and u broader ba
sis is being laid for both investment and
speculative buying. One of the most
hopeful features is the reality of the re-
covery of foreign confidence in our Sc
curtes.. This is an unmistakable evi-
dence that foreign investors are coming
to better understand conditions in the
United States. and that real reaction
has S ct in. The improved crop outlook
caused by rains i'll the western wheat and
corn belt sections has been the encourag-
ing feature of the week. The wider range
OF securities dealt in is the best evidence
of the genuineness of the recent upward
movement in the stock market, and the
contidece in the future which it denotes
is now shared by almost everybody. OPP
timists are increasing ana pessimists are
decreasing. 1t is true tha stock market
has had pronounced advance, but it
must be mbered that i5 had q tire
mendous fall, and therefore there was
ample room for the change lor the better
that has taken place.
At this time the navel orange crop may
be regarded as having been disposed of,
and about 90 per cent of the seedlings
have been moved. Orders continue to
come in with satisfactory regularity and
OF sufficient size to warrant confidence
that the whole crop will find market at
figures reasonably satisfactory to the pro-
ducer.-
The seasons crop being fairly cut of
9ie way. speculation is INDUCED. in re.
garding the prospects for nextsyear. The
features presenting themselves appear
very promising; very much greater pow
gion which has suffered so greatly from
the double intiiction Of drouth and indus
trial disturbances. In addition there will
be considerable extension of the market
resulting from the inability of Florida
to come into the market as a competitor.
a private letter received yesterday from
K. L.Colley at Sorrento. Fla, says: "All
our trees are badly hurt; all trees under
four inches in diameter are dead to the
ground. and all the large trees have lost
their entire tops" 1t is estimated by
conservative men that Florida Will come
into the market next year with barely
200.G COO boxes of oranges. or scarcely 10 per
cent OF the crop of last year. Heretofore
much, perhaps most. of this fruit found
market where no competition With Cal
ifornia fruit was met, but which has now
been invaded by the advance guard of
California navels. and he who has once
sampled California naves ever thereafter
regards them with consideration and re.
spect.
4 4 4
What the dealers III agricultural imple-
ments regard as their season is now draw
ing to u close, as after the next two weeks
sales may be expected only to farmers
very much behindhand this year or un.
duly ahead of time for next. and there are
not many California farmers of either
class. The sales have been large. AS in
most other lines of business collections
have been and still are rather Slow but
the local crop prospects are excellent,
10th as regards output and prices to be
obtained. The most satisfactory feature
of the seasons trade, perhaps, is the fact
that the sales of tools and Implements to
be sed in the cultivation of small ranches
has been proportionately very large.