The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-12-28
DUN's REVIEW OF TRADE.

NEW YORK, n. Y, Dec. PR. G. Dun & Co.
will tomorrow say in their weekly review of trade:
Failures for the week have been 1922 in the United
States, against $50 last year, and 40 in Canada,
against Al last year
The failures for the fourth quarter and the year
1895 not yet finished cannot be definitely stated
but the aggregate OF deferred liabilities for the
year. while much smaller than in 1898, will vary
but little from that of 1894 The years aggregate
of commercial liabilities will probably be about
$4,000 600; in manufacturing over $73, 600, 00O
or o per cent more han last year, but in traung
about SeS,0UO,00O, Or SO per cent less than last
year.
The foreign and financial messages of the Pres,-
dent followed by violent reaction in the ock
market last Saturday with grave fears OF none
tary trouble. The sudden panic checked business
in many departments and the industries cannot be
expected to show signs OF improvement until the
new year begins. Orders have for months been
much smaller than they were in the summer when
production was expanding and prices noun ing
rapidly that new causes OF uncertainty have the
more influence.
Bessemer pig has declined Csc more at Pittsburg.
The bar-iron association has reduced its price, but
yet to the rate at which steel as well as iron
bars are actually sold, and in most departments
this industry suffers from the speculative advance
in prices and production last summer. 1t is noted
that bessemer and open-hearth steel were offered
at the same price in bids 5000 tons which
PIttsburg mill will produce for the appraisers
stores here. Minor metals are shade lower
Anthracite coal is selling at So 40 in New York
harbor. In the great textile manufactures the
usual holiday dullness is increased by delay OF or
ders. though there is some accumulation of goods
for the demand expected soon. standard brown
sheetings and drills Is lower and cotton goods
average ~ of ! per cent lower. For wooden
goods the market is extremely dull; soft wool dress
goods and ladies' cloths shade lower and the
average of quotations is about l Is per cent lower
for the week.
The shoe and leather business does not improve
and both leather and manufactured goods decline
slightly, though expectation is again hosting
hides about 10 per cent for all in two weeks and
for some kinds 25 per cent. Wheat and cotton
were depressed by last weeks panic and have had
little time to recover. Wheat receipts continue
enormous for the week, 3,794. 072 bushels against
LIE .90S last year and Atlantic exports. flour in
cluded, have been 7.526.960 bushels in four weeks
OF December. against Z 1853 $50 last year.
Russian and other supplies moving freely.
Official estimates wholly forgotten, and the men
who predicted 81 wheat have disappeared. Cotton
has remained at S14c since last Saturday, and
enormous commercial and mill stocks here and
abroad, with demand for goods much smaller
than in September, hinder an advance. The guam
tity which has come into sight is 30 per cent less
than last year date, but slightly larger than in
1892, when the crop was 100000 bales.
Railroad earnings in December thus far are ga
per larger than last year but So per less
than in 1892. Payments through clearing houses
were abuormally swollen by last weeks panic so
that the average daily for December at all points
Is 1870 per cent more than in 1894 and 1872 per
cent in ex ports from New York for three weeks of
December, which is decidedly encouraging, and a
decrease of 1917 per cent in imports here.