The herald., 1896-09-23

MARKETS Of THE WORLD
WALL STREET SPECULATION
Local, Eastern and Foreign
Commercial Dealings
The Situation 10 the Local Barley
Market
The London Statst's Cheerful Views on
British Commerce-The outlook for
Oranges for the American
Market
STREET SPECULATION

While the spot market for barley is rul-
ing merely steady the undertone Is strong.
The total production of this cereal in
Southern California for the past harvest
is estimated at between 100000 and 100000
sacks. Nearly half of this was produced
on the San Joaquin ranch. OF this ole
ship load has been exported to England
and second vessel Is loading for the same
destination. These two cargoes will take
away 1900 to 100000 sacks. The annual
consumption of the city of Los Angeles
Is close to 100000. For the rest of the ter
ritory usually styled Southern California,
including seed requirements for the COM
ing season, the amount viii be at least
is at least 100000 sacks, less old stocks
carried over, which were light. The sta
tistical situation points to higher prices
The London Statist says: ITO show
the expansion in our trade in July COM
and 1894. we contrast below the total ex-
ports and imports for the six months to
June 30. and Of July. OF the past three
pared with 1884:
= slss
mos. e14oss7.OOo &12e.s77.oOo sl25. 2S2. 900
8 mos ..E2le, 4sl 900 e9os, sss,ooo ell oo5. 900
July -. 34'3sS0O0 s5'i2s'0O0 sl'SS5'Oo0
mos .s25O, 1854 900 a23s, ISL 900 s242, $40, ooc
Considering that in July the disturb
country. Of 9532,oO0. the further increase
81 shown is very The valve
amounted to only G1,220,0O0, in contrast
with s1,753,OoO in July last year. The
W worst trade has especially suffered the
country for the month having been only
9l74,9oo, as against s455.oOo in July last
year.
- The season of her disastrous freeze
Florida marketed at least $500. acres Of
oranges ca &c up to January 1t and this al,
the early supplies fully 1000 cars. Florida
supplies are almost entirely cut off, as last
season sea her total shipment was only about
scarcely exceed 800. To supply this de-
ficfency we shall have this season about
Jamaica ready for SHIPMENT a about e r On
tober LIST. Jamaica oranges will natur-
ally find q market in the ATLANTIC states,
shipments from California will. probably
be from Tulare and Fresno counties num-
bering say IS cars, which will be ready
consisting largely Of very fine nayeis and
Placer counties will be marketed about
LILO SdIuo tlIllS, duO WILL pTOudUiy ylciu "
to 60 cars. Southern California oranges
follow about a month later, and there will
probably be as many shipped this year as
ing the early supplies 2S25 carloads. or
one-third Of the former early supplies.
nent. counting 10000 cars for California
is in round numbers 1900 cars, to be mar
keted In twelve months. commencing DC.
tober LIST. During the season of 1891 -92
and up to the season Of 1ss4;9o the yield
cent more than the coming seasons esti-
mate. The seasons yield of 1S90-91 was
very similar to our present yield and prices
were higher than our last seasons good
results. 1t will be sometime in the next
century before we get back to the yield
not include foreign imports which have
run from 1000 to $500 cars yearly during
The estimates of 10000 cars from Calfor-
mia in the above carefully prepared state
ment is probably much too large. Southern
California orange groves will hardly yield
as much fruit as last year.