The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1899-08-07
AUCTION SALES.
a SWEET COMMERCIAL SONG.

n SONG too often sung loses its charm but there
I \ is a metallic ring and suggestion OF goo com
1 i in the commercial ditty being sung
throughout the country which keep It fresh and sweet
to the mercantile mind. To the merchant farmer
professional man and wageearner there IS certain
charm in the reading week alter week that business
in the United States is better than before, and
that the tide OF prosperity that set in soon after the
present Republican administration came into power
shows no signs OF ebbing. All conditions indicate
= continued volume OF business far in excess OF any
thing ever before seen. The weekly bank clearlngS
still exhibit their unvarying increase over last year.
the heavy gain in railroad earnings shows Tree
movement OF produce and merchandise, while the
activity in iall orders for iron and STEEL boots and
shoes. wooden and cotton goods, lumber and metals
exceeds the midsummer records OF the best previous
year in the history OF the country.
Advices from the West and Northwest report a
large and expanding al! trade which in some sections
severely taxes the capacity OF the obbng houses The
general trend OF prices upward advances being ire
ouent in manufactured goods and the raw product
Wool continues TO rise and the lumber market IS as
firm as ever, with a general and sharp demand Tor
building purposes. The failures for the week were
10 against I8o for the week last year and the
bank clearings show gain OF $40 per cent New Or
leans and Omaha being the only important cities to
record loss and that insignificant. No complaints
are heard in anv quarter OF this vast country and there
is no weakness apparent except in wheat and its de-
pendent cereals due wholly the fine crop prospects.
Such is the commercial song being sung
throughout the land. Dollars set to music make a
sweet and exhilarating lay.
Our financial condition continues as solid as Glbra-
tar The Bark OF England, by its recent advance in
the rate OF discount virtually admits that the flow Of
gold is into and not Of the United States, and
this is emphasized by the shipment Of 100000 from
Sydney to San Francisco and the gradual hardening
of exchange to the gold importing point There is an
accommodating pile of bills against shipments OF Amer
can produce Europe which the latter is being called
upon to pay in some form other In the face Of
this fine showing the net purchases OF American
stocks by London in Wall street amount to 10000
shares. These conditions show the United States to
be in exceptionally strong financial position.
The local situation remains unchanged Great
activity is reported in provisions lumber farming
implements and the large and varied list Of staples
regularly exported from San Francisco all parts Of
world The fruit season is profitable that coun-
try merchants report the voluntary payment of old
accounts previously given up uncolectabe, which
gives the said country merchant a most ENJOYABLE
sensation sort OF champagne pleasure i'll doing bust
ness Ships continue scarce owing to the heavy ex-
port trade, and number OF important articles Of pro-
duce and manufacture have lately advanced in price
As for money there plenty OF for solvent borrow
ers moderate rates OF interest Not for years has
San Francisco enjoyed such lively summer trade
be proportionatey heavy. This is debtpaying year