The San Francisco call., 1895-07-20
DuN,s REVIEW OF TRADE.

NEW YORK, n. y, July 19.--R. G. Dun & Co.
in their weekly review Of trade tomorrow will say
The weeks news is not entirely encouraging, but
is all the more natural because there are signs of
midsummer dullness. Wheat prospects are not
quite so good last week, but still there lower
prices as corn and cotton have been lowered. The
exports Of gold and the less favorable treasury re-
turns for July are unexpected and mean nothing as
to coming business There is a perceptible de-
crease in the demand for most manufactured
products and the actual distribution to consumers
naturally lessons in midsummer. There are still
numerous advances in wages but strikes gro
more numerous and important Money is still
abundant and while there is much more activity
in commercial loans it is not what would appear
il all industries were fully employed.
The volume of exchanges continues nearly as
large in 1892 because of the delay in spring
operations and though rapidly shrinking to sum-
mer proportions is 27 per cent larger than last
year.
The future turns on crops and the market re-
fleets prevailing belief that the crops to be
fair. Stocks carried over are such that yield of
100000 bales OF cotton ana 42O,UOO OOO bushels
of wheat would meet all needs, but lower prices
prophesy larger yields and of corn probably the
largest record.
Western receipts of wheat are not half
what the were last year, While exports
for the week, about quarter of last year. show
foreign dealers not regarding the situation
with anxiety. Nor do British accounts Indicate
any anxiety about cotton, while efforts are reported
by some American mills 10 sell part of the large
stocks taken some months ago, apparently exceed
ing the needs for the year. II unfayorabe to some
SPECTATORS these cheering conditions, for IL is
better to have iair crops than TO get higher prices
for what remains.
Orders have so accumulated in iron products
that some works forego the usual summer rest,
and Eastern furnaces to begin blast will add
about 5000 tons weekly to the production. Yet
the week has been in new business the dullest
since the rise in prices began, many hesitate to
buy after so great advance. A few quotations
have advanced-gray forge and Eastern bar
while Bessemer pig is shade weaker at Pitts
burg, but the average of all prices is per cent
higher for the week and 2S.3 per cent higher than
February !. Minor metals are stronger with sales
of 100000 pounds of copper up to lie for lake,
and tin very firm in spite OF large visible supply.
Wool advanced in the first half of July, and is
now per cent higher than year ago. Manu-
facturers do not support the advance and are buy
ing only for immediate needs, but holders who
have taken for weeks past several times the guam
tity consumed, stif. The opening of light
weight woolens has not been encouraging, as less
demand and slightly lower prices appear, but was
highly encouraging as to worsteds, in which there
numerous advances
Cotton mills continue to enjoy large business
and several have advanced wages this week, but
some strikes of considerable Importance are
threatened or are in progress The weaker tone for
the material does not yet affect prices of goods
New business in boots and shoes is limited. For
eign trade continues unfavorable with q decrease
of 10 per cent in exports this month, and an in
of % per cent in imports Failures in eleven
year against $50 sos last year Failures for the
236 last year, and 39 in Canada, against "A last