The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1899-02-06
CONDITIONS STEADIER AGAIN.


Eastern trade centers and particularly New
York ten days ago. perceptbly subsidized last
week, and while transactions in Wall street continued
heavy they were by no as large as during the
preceding week when the record was broken three
OF four days in succession. spirit OF caution came
the professional operators and those hnanciers
who control enormous interests, and they temporarily
withdrew from the street to give il from its
fever Some OF them turned bears to reap prospective
profits in the reaction which usually follows undue ad
vances. But there was no serious break in prices,
though number of stocks fell off agreeably to expec
tatons. London sold heavily. There were no inn
portant wrecks in consequence OF the furry which
ushered in the new year, so it to have been
harmless upheaval.
Wheat declined during the week. carrying number
of the minor cereals down with it. The depreciation
was largely caused by the Government crop report,
which estimated the last crop at 675 100000 bushels
a quantity far ahead of the most sanguine cal
culatons of the trade which had named 65ooooooo
the probable maximum yield. The general consensus
OF opinion below this latter figure But
wheat had risen sharply the week before, so the de-
cline merely brought it back to about where it
before
While cotton weakened somewhat in natural SYM
pathy with wheat there decline, owing to a
strong demand for the goods. Present prospects for
this staple that the outgo will place the market
in stronger position than it has enjoyed for a num-
Der of years Wooden goods, too, show more tone,
with better demand reported in some lines, though
prices are still low While iron is reported somewhat
Queter the rush of orders for the future does not
cease, and most OF the mills are covered for months
ahead. The feature of the week in this industry was
the sale of practically the whole output of the
Lake Superior mines for the coming year. Lumber
continues to show firm front, and dealers COM
planning OF continued scarcity OF hard woods. A
slight improvement in the boot and shoe trade has
impaired rather more firmness to leather.
The recent cold blizzard in the West has acted a
damper on lines of wholesale trade but this IS
offset by consequent improvement in retail bust
notably in heavy clothing and footwear there
is no net loss. The spring demand is already open
ing in good shape in many sections of the country
and the outlook in this direction is considered
than favorable
The statistical record of January highly graft
flying. The volume of business beyond all prece-
dent. The clearing house exchanges were "A per
cent larger than i'll January, 1893 and 5o7 per cent
larger than in 1892 the year preceding the panic The
commercial failures were the smallest for months,
and the average OF liabilities was smaller than for
any other January on record.
The above exhibit fairly represents the state of
business throughout the country at large In Cali
fOrnla there were few features OF note. Wheat
went up and down in sympathy with the Eastern mar
kets and the minor cereals followed suit. In farm
products the tendency was upward and higher prices
were quoted for hogs and hams, while the feeling in
hay was very firm at the close, with a recovery in
prices anticipated by some dealers. The dried fruit
market has been showing more tone of late, in sym
pathy with New York where stocks are reduced and
the demand is improving. Rather more demand is
reported for country real estate but the inquiry is
mainly for small holdings at low prices which are
not so easy to obtain as they have BEEN owing to
the higher prices lately ruling for farm products.
The cold snap of last week has attracted general
attention but is not thought that serious damage
fruit has been done, the buds not sufficiently
advanced. A few early varieties, such almonds,
apricots and late peaches may have suffered slightly
-
A court-martial of General Miles would be equva-
lent to an inquest upon that embalned beef and the
country would await the verdict with interest
Statutes forbidding the compression of feet and
saying nothing about the horrors of the must
be regarded class legislation.
If Aguinado really needs $50 100000 he ought to
wait until the 100000 touch of Gomez has
worked and then touch Gomez.
Apparently the French choose to believe Dreyfus
guilty from any evidence, but because they have
taken the notion.
= This country may feel degree of sympathy for
Eagan, but it can lend its approval to rotten
beef