DUN'S MONTHLY REVIEW
A national business-conditions roundup covering trade, crops, and commerce in the Southern California and Arizona district, capturing the anxious optimism of the post-panic 1890s economy.
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Mesa Free Press · November 12, 1897 · Page 1
2 min readGenerally throughout the country October trade registered a decrease in volume. This naturally followed the rush of August and September to replenish stocks, those months showing the heaviest buying in some lines ever known. The manufacturing industries continued well employed and many mills went on the active list that have long been unemployed. The iron production is the largest ever known, which causes prices to yield a little, but the outlook is for higher quotations with the new year.
Wheat has been unsteady in all markets and the early quotations for cotton was not sustained. The wool market was a surprise; the heavy importations just before the new tariff law went into effect did not produce the expected glut in the market and woolen goods remained firm.
Foreign trade continues to show a balance in our favor.
In our immediate district reports from the growing crops continue good. The early oranges are coloring well and good prices are offered for the holiday trade. The outlook for lemons is better than for some time.
The new crop of beans makes the market a little easier but as the crop is reported 20 per cent less than last year and the demand is heavy, it is likely prices will not strike the down [...]
The sugar campaign closes this year with 30,100,000 pounds of sugar to its credit.
The yield in celery promises to be heavy, probably 500 carloads.
The dried fruit market remains almost at a standstill, a slight improvement noted in prunes and apples. Nuts are moving well. The prices set by the walnut association were held with the exception of 1-2 cent concession in soft shells.
Early rains injured raisins in the field, and the crop is not now likely to exceed, even if it equals in quantity that of last year.
The pack of the canneries, which is the largest in the history of Southern California, has been mostly disposed of at good prices.
Collections are better than for some years past. Real estate is more active. Our products are being marketed at good prices and the effect is already apparent. The coming tourist season will soon open. Reviving prosperity in the east should greatly augment travel this year.
Trade movement while quiet is steady and merchants are generally satisfied and confident of an unusually profitable season.
Commercial casualties are the lightest on record in the district, five in number, liabilities $7,300, assets $2,500; for same month last year, twelve, liabilities $40,000, assets $15,000.
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