Phoenix weekly herald., 1897-08-12
R. G. DUN X CO.'S MONTHLY RE-
 VIEW
Of Trade Conditions in Southern
 California

Of Trade Conditions in Southern California.
 Commercial skies are brighter. The
 most important events of the past
 month to the business world have been
 the passing of the tariff bill and the sensational wheat market, caused by
 the marked increase in foreign demand. The world wheat crop outlook continues to insure to the American farmer an
 era of prosperity.
 h the industries, iron, steel and cot
 son only nTe situated upfsvorsble. The quotations for iron and steel contin ue
 low and the cotton mills have been
 calling halt in prod notion to clear off accumulated stocks.
 Every thing else among the whole line shows an advance and the distribution of merchandise records an uuusual
 volume of business for this season of
 the year, especially with western job bers.
 Ia our immediate district reports are
 most encouraging, crops slGosb without exception good; volume of business ou eu average increasing and collections
 better than last year
 The wheat crop of Southern Califor- nie is from 25 to 30 per cens. larger than 8 normal year, and from 15 to IT per cent heavier per sack than lest yesF It is estimated abou6 2,00OO0O bags of grain will be hervested south of Teha- chspi
 Beans hays advanced, owing to in about 1900 short of last year. Prices paid for barley and wool are better than have prevailed for four yeers.
 The increased duty on citrus fruits, nuts, figs, raisips, &o., is decided sd vantage to growers and the new rates on wine, brandy and olive oil help along prosperity.
 The estimate of the coming orange crop remains st 10 900 car loads. The lemon crop of the current year foote up 1,000; of these 400 have been shipped, 600 remaining to be sent forward be- tween now aud Oct. 31
 No satisfactory estimate Of the olive output can be obtained, but it is gen- crafty conceded that the crop harvested this year will not be large. The mus tard yield is also a disappointment, reaching only 50 per cent of estimate The failure to set duty on raw mus- tard is blow to this industry.
 The apricot season is about over. The choicest quality of fruit has brought good prices. Much of the crop has been dried. The peach crop ie matuF- ing rapidly and of good quality. The output of the fruit canneries is average, but pricee nos strong. Com peratively little Is being done in 5bs dried fruit Buyers are shy in otferipg OF new crop of epricots. The price out look for pFunes is bester. l. is thought the mining excitement will have a gcod effect on this market. The ras;n pack is estimated at about that of last year.
 The delivery of sugar beets begin with the opening of this month. The two lerge beet sugar factories will put considerable money into circulation.
 Locally she business situation ie Aside from the encourage mens foR the future offered by new tariff rates, new mining developments, | opening of trade between this city and | commercial centers along the coast of | Mexico, projected railroad tu.ldiug, | sto., there is the assurance from our business men and manufacturers that l here is now B slow, conservative, steady of trade based on increased of our mining and egrcul- uEai districts with whom conditions 'Fe better than they have been for some inc past. Perhaps nothing shows more onciusively the betterment of condi- ion than 8 comparison of failure esstis- ios-in July ahs year there were eleven silures in our district, with liabilities f $17 eco, assets S1O GOO; ard in July set year there were twenty with lisbil- ties of $34 GOO, snd assets of $4 ,OOO. Aug. 5, 1897.