The herald., 1895-04-03
r. G. Dun & Co.'s Review of the
Business Situation
THE OUTLOOK ENCOURAGING
More Cheerful Reports on the Prospects
of the Future
An Official Estimate of the Foreign Orange
Crop-A Large Amount OF Fruit
Now in Sight

r. W. Burnham, local manager of r.
G. Dun's commercial agency, furnishes
the Herald the following review OF the
business situation:
"Our eastern aavices at the close of
business March 3lst indicate signs OF
solid improvement in trade conditions
throughout the country, unaccompanle
by speculative indications.
Locally we have only cheering reports
to make on present conditions and future
prospects.
been very light during the last halt CT the
month lust ended, but these fluctuations
in the demand for our fruit are not an un-
usual event and though some small buy
ers may find difficulty in carrying. out
contracts, and prices may not agaln be as
high as before the break occurred, there
is nothing in the situation 30 cause lack
of confidence IN the ulUlmate satisfactorily
closing OF the season.
1.-The country districts report an IN
crease in ready money, and in both farm
ing and fruit districts we find decidedly
encouraging condition OF affairs:
f''In the city, business during March was
good. The last half far ahead of the first
half, and collections i'm proving. The
iobbers are feeling quite encouraged over
present prospects, and are coming closer
together on prices and distribution OF
credit.
april opens with brighter prospects
than we have known for some time.
Many large and substantial buildings are
being projected and there is every pros
pect that 1895 will be the banner year III
building.
1T is pleasing to note that one by one
the large dealers in San Francisco are
seeking an outlet in this market by the
opening OF branch houses. The last IS
the weil-known house Of Sherwood " Sher-
wood who have leased q store here and
in few days will have fully organized
house.
numered fourteen, with Liabilities aggre-
eating S56 lo5, and nominal assets OF $3l. :
600. 1t is pleasing to be able to report
that our Los Angeles jobbers lost but
little by these failures.
There is practically no change in the
orange market, and quotations fixed by
the fruit exchange are unalUerd. Secretary
Kimb ball some days ago wired the secretary
OF state at Washington asking for an estI-
mate OF the foreign crop, and the prob
able amount available for export. Yester-
day he received the following reply:
WASHINGTON, April l, 1895.
Southern California Fruit Exchange, Los
Angeles Cali
Cabled the consul at Palermo to report
estimated quantity of oranges coming
here from Mediterranean ports this sea-
son. He answers today that 750, 600 boxes
nave DeGll Sulppcu, IL 10 CStiihabob oh"N
700, 900 boxes are available, depending on
demand.
EDWIN T. UHL, Assistant Secretary.
From this it will be seen that there is
no danger OF dearth of oranges. The en-
tire crop of Southern California is estl-
mated at $500 to 800 cars, or about LOCO,
900 boxes. OF this amount about 90 or 90
per cent has been shipped. The officers
OF the exchange say they have no reason
to believe that there will be any necessity
of lowering the rates on navels at least,
or even seedlings, at this time, and will
keep them at the figures now fixed, at
least for the present.
At the banks money is reported easy,
with slightly increasing calls for loans.
Some money is coming in from the east
for investment, and some brokers are Civ
ing inducements to effect desirable loans.
The general retail trade is sho wing
some Improvement, which indicates that
money is more plentiful in the surround
ing country.