The San Francisco call., 1905-04-10
TRADE CONDITIONS STILL EXCELLENT

TXPANSION general during quarter
year. compared with the corresponding quarter 1904 has
~ been pronounced commercial sasicians
ested themselves ascertaining about how much
conclusions indicate gain of from per major
portion country especially throughout West They
affirmed by the continual increase the bank carng and the
OF 9 per cent in railway earnings in March
AS already pointed conditions thus this
the of those this time last year Then steadily
losing now we are as steadily gaming and the present ratio OF
continues throughout the remainder of 1905 will prove
banner trade The best of is that legitimate specu
ton moderate and very few new yndcates for the hoaon OF
enterprises being formed Their heyday has apparently
passed. though Waleet operators report being
considered and will probably be conummaed when the times again
become favorable for their exploitation.
At present the feeling in Wall while buoyan adverse
boos and punges and though there plenty of
with there little inclination risk recks There is also
ing the past fortnight which will prove highly beneficial if re-
tendency toward of the wild fnanceng of
Secretary Shaw intends during the month with
draw from national banks about of the Government de-
pos amounting about S2oooooo the first nstament be
drawn about May and the second about July This withdrawal
will strengthen the Government reserve in the spring and early
when funds be redeposited the fall
when the banks need the The result OF this
will be watched with interest The markets
throughout Europe supplied with ready
funds hence this withdrawal expected produce de-
rsngement stringency
While the country sending excellent reports
the Pacific Coast making exceptionally fine showing The
exports from San Francisco March S683oo compared with
S366oo March, and So6ooo March, while those
for the first quarter OF 1905 were against for
the first quarter OF This will compare avoraby with
reported country Indeed Pacific
has been sending the best reports OF section for some years
hardly haltng fell off from in
the East These continued excellent reports attracting to the
good deal Of unemployed Eastern capital and thousands OF
homesers from the Middle West and proving the best ad
vertsements of prosperity
Our last generally good and
of the farmers hands with remarkable rapdy and most excel
lent hence find ourselves approaching another abundant
harvest with old stock hand keep prices down This al
by the reception the spring clip of WOOL
which going consumption fast it 1orn and
high quotations. demand for the coming
of having
already made New York for July delivery remuneav
quotations AS the present outlook for concerned Cali
fornia has certainly nothing to complain Of
Current statistics elsewhere continue highly favorable The
per
Chicago exhibit and this
doubtless due the cessation of business day when
municipal election. The York
w and the the other large cities also
nounced
The staples present features worthy of especial
All active in good condition. Build
operations all country brisk with improving
lumber industries The railroads have
freight they possibly handle and from end of the land
other activity business still the order of the day