The herald., 1895-04-26
Dun's Report of the Business
( Situation
YES, THE FIESTA HAS PAID
A Section That Badly Needs Oatmeal,
Spuds and SorpbOnes
Orders for Oranges Coming in FrceIy-The
Independent Shipper and His Cut Prices
in a Missouri Town

r. w. Burnham, the local manager of
r. G. Dun & Co.'S commercial agency.
furnishes the following review of the bus
mess situation for this dis rict for the
past week:
Our New York review at close of busi-
j., ness last week leads to the consclusion
that an attempt is being made by the
power of com bination to increase prices
of some leading staples, resulting in q
small increase in clearing house tran sac
tions, but most of the advance is so ap-
parently fictitious that it gave little cause
for actual encouragement in legitima te
trade circles. Failures decreased through
the country in comparison with the cor
responding week last year.
w Turning, however, to our own district
we find the most encouraging signs. 1t
Was expected by many that our yearly
festival might to some extent break in on
our local trade, but we find the contrary
was the result. The week before the FL
esta our merchants reported very large
business, but Fiesta week was even ahead
of the week before This was articular-
ly the case in mems wear Of all kinds
hats. caps, and furnishing goods-dealers
reporting the best week they have ever
had. The dry goods men had all they
mess except during the few hours when
professions were passing. Clothing
houses had large business. as did the
boot and shoe houses. Stationery and
crockery men report rather dull week.
Restaurants and ho.els had all they could
do, and it will be but a few days before
the large amount of money spent fcr llv-
ing will find its way into the hands OF
the mercahnC.. So. without taking into
consideration the indirect benefit derived
through the advertisement received, the
Fiesta has paid.
The iobbing was little affected one way
or the other, but it is getting into better
lines with every encouragement for the
future.
There are rumors of extensive manu-
featuring interests to be established here,
and likely to employ large force of men,
of which we will have more to say soon.
The almost unprecedented premium
paid by eastern parties for our refunding
bonds indicates how we are regarded in
the east. 1t is now well assured that
more money will be spent for building
than in 1894, and that hard times are over
for Los Angeles
Since our last report only one failure
has taken place in Southern California
and that is too small to merit detaile d
mention.
Orders received yesterday for both nav
els and seedlings were reported as still
coming freely from points east OF the Mis-
souri, river. The sales of citrus fruits in
Colorado. Utah, Montana. Kansas, Ne.
braska, Missouri and part of Iowa are
very small. showing Enthusiastically the re-
gion where the effects of the recent panic
and last years drought combined are the
most severely felt AS indicative of the
scarcity of money in some portions OF
the east Herald reporter was shown yes
terday letter from a Minneapolis mer-
chant who, in replying to letter making
quotations on California fruit. said: II
tell you, our country at least wants oat
meal, spuus and soup bones" Whole
columns of descriptive matter could not
more graphically portray the financial
Missouri region market-were times bet
ter there. our growers in all probability
would have but little room for complaint.
Il. G. Kimbell, secretary of the South
ern California fruit exchanges, received
a telegram yesterday from Joplin, Mo. >,
conveying the informtion that promi-
nent shipper of Los Angeles choice nav-
els was Offering in the Missouri town
cnoice navels at $1.50 +. o. b. in Callfor-
MIA, and choice seedlings at 0 cents. The
regular prices on those grades were $1.90
and so cents respectively. The only con-
elusion is that the grades are not the
same, but the independent shipper by
offering inferior fruits for standard grades
is hurting the reputation of California
fruit and packers. This must of necessity
work an injury to the states interests,
and should be stopped if possible. But
how is it to be done?