The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1905-06-05
TRADE STILL SERENE.

THE country has now of practically unchang
ing trade conditions From all sections come cheerful reports
the only unfavorabe being the abnormay cool and
wet weather which has back the and ntertered more
trade Still in spite the business of the country
expand beyond the normal increase population and
there IS not much speculation the current are mus
excellent creative Of continued confidence the future
The larger cities and towns continue to show increasing bank
cearng aeve OF the growing volume general business TOT
past years weekly ceags of S2ooooooooo constituted
normal this index number be increased to about
periods of excitement the New York Stock Exchange they
up Sooooooooo while during the occasional luls they fall
about the old figure OF S2ooooooooo Anything below this IN
dcates dulnes The figure last week was S24ooooooo and 1t
than for weeks, with two exceptions
Still the gain percentage 1904 when it
will be remembered the spring trade quiet 42 cent
6z3 New York 329 Pttsburg 1913 Minneapolis I26
Chicago 1872 Boston, at Philadelphia, at San Francisco
and
These clearing points of the stock markets
and great financial operations the IRON ana steel nou gram ana
and their ceangs therefore good indexes OF the volume and
character of business throughout the If not naibe they
very when almost every large city and
from the other shows continued gain week after week
only deduction that business correspond
to-day.
There are however signs which will bear watching
instance there report last week from Ptsburg that
many Of United Corporation would shortly
be closed for the purpose OF diminishing the production OF iron and
ELECTS smile from the leaders of this great industry reiterated
persistence which attention Then
there continued in the provision trade though this line
be called dull and fact has exhibited hrmness dur
ing the few days Talk OF tariff revision and the fixing OF rail
road by the Government also having effect the
The occasional collapse of bank through reckless
say criminal speculation the part officers
feature of the These modern banking disasters have been
frequent of late
Against these apparently howeve
what is of and indeed overshdowng and which
the prosperity of the country largely depends excellent
prospects Wheat and all looking we'll though
they would look better with weather This especially
the with the condition of which BY the
issued IT, compared with 74I the
corresponding date last tenear of So The
total acreage planted May about acres
decrease of about 100000 from last
4 hIQ1e and
smaller decrease than had been figured by Stats
ans and the larger market and Immediately broke
the cotton market.
The money market shows funds being plen
full and moderate everywhere 1t estimated that
Eastern industrial corporations will pay dividends this
month S8oooooo compared with S56ooooo in June
The heaviest disbursement of this will be S7o by the Stand
ard Oil Company.
Conditions this continue cheerful Tacoma and
Seattle bank clearngs May broke all previous The
wholesale lumber trade reported good condition Crop
prospects rule hrstcass Here California the leading
grains and fruits hops WOOL dairy products enjoying
firm and active markets. with stocks of everything reduced
almost nothing and quotations away above the normal There