The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1895-02-09
MAY POSSIBLY SOLVE 1T.
r.. G. Dun & Co. on the Coming Issue
of Gold Bonds.

H. 0. Dun q Co. on the coming issue
of Gold Bonds.
NEW YORK, Feb. S.-R. G.. Dun e Co.'s weekly
revieY of trade tomorrow Will say: For whole
week the confident expectation of the sale of bonds
has kept back exports of gold Withdrawals from
the treasury amounted to about $20O0,0O0 but
were mainly for domestic purposes. No bond bill
has passed or is likely pass Congress- and in the
two months ending February the treasury uctu-
ally lost sos, 600 in gold, of which 100000
600 went into circulation, and S26 100000, be-
sides the products of the mines, went abroad. To
arrest this outgo in either direction is problem
which another issue of bonds may possibly solve.
1t is hoped that the negotiations with foreign
bankers may secure some improvement, though 1t
is clear that sales of securities here Will have the
same eect as II the bonds were placed In TINS coun
try, and they may not be stopped by the new tran
sactions. The condition of Industries if not def
nitey better at least presents some points OF en-
enlargement. No advance in the price of manu-
featured products indicates better demand. On
the contrary iron and steel products have slightly
declined for the week and for the month, and in
comparison with prices of October 1890, and are
but 5l.1 per cent against 54S per cent January l.
During the week the demand has been checked
by the higher prices at Pittsburg, so that Bessemer
iron receded little, while structural products in
Some reductions OF wages are reported In bar iron
and the demand for rails does not increase. There
is little better tone in Philadelphia and sales of
pig are quite heavy there while at Chicago things
brighter, pig iron is In better demand and fair
orders are coming for BAR but structural orders
delayed by severe weather. Tin has been lifted
shade by speculation and lead is steady, but copper
is slow OF sale and went at g. In cotton goods
there has been a reduction in some crown sheet
ings, while other qualities moving fairly at IN
changed prices. The general tone of the market
however, is not particularly encouraging A large
auction sale of silks resulted in prices going about
10 per cent below the recent market for September
prices.
In woolens the openings of the finer grades for
the heavyweight season have been rough and
increase in business, but not at satisfactory
prices, while the duplicate orders in the light
weights are unusually large Sales Of wool thus
far this year have been II 30S, 1855 pounds of do
nestle, against 1921 $50 pounds last year and
26,245,550 in 1898, but of foreign 11038, $780,
against 10,5e4, 300 last year and 1O,665,350 in
1898 1t is noticeable that sales OF foreign woods
have not been materially larger this year without
duties than they were in the same weeks of 1893
and 1892.
No improvement in the prices of farm products
has resulted on the somewhat active speculation
during the week, wheat being only 12c higher than
a week ago, with Western receipts only 729,93l
bushels, against 2,240255 bushels last year, while
exports have been a little smaller. The Western
receipts for the month have been 5, 112,272 BUSH
els, against 2, 499, 10 bushels last year Receipts
of corn have been small, but prices have slightly
advanced. Prices of cotton are unchanged al
though the receipts are unusually large for the
season.
Failures for the past week have been 281 in the
United States, against 385 last year, and So in
Canada, against go last year.