The San Francisco call., 1895-10-19
DUN's REVIEW OF TRADE.

NEW YORK. n. V, Get. 1S.-Dun's Review to-
morrow will say: Failures for October thus far
Liabilities OF So, ,925, ,599, which 81 536, ,265
was of manufacturing and 81. So, 534 of trading
concerns. Failures for tire week have been 263 in
the United States against 253 last year, and AZ in
Canada AGAINST 43 las. wear The events of the
week promising in nature, though the specula-
tive markets entirely encouraging. The
great advance in cotton has arrested exports and
so deranged exchanges that shipments of gold
were for time apprehended, but the break in the
market indicates that the natural movement Of
the product may soon be restored. The halting OF
demand and moderate yielding of prices in the
great industrial markets show that season of
reasonable attention TO natural conditions has
rived and give hope that { future demand will
be more nearly proportionate to actual consump
tion
The week has brought little further decline in
iron and steel products, in hides and leather and
more yielding tone in boots and shoes.
Wheat does not go out freely and the attempt to
advance prices on Monday was followed by an inn
mediate decline. The Atlantic exports, flour in
cluded, have been in the past three weeks 4,55S,
455 bushels, against 7,24S,1l1 last year, and the
big shipments from Russia and OF late from Argen-
tina show tina: the world is not vet Obliged to paw
Atlantic prices for American wheat. Western re-
ceipts for the week were remarkably large, 7,733,
OJ9 bushels. for three weeks II ,63S,977, agains.
14,Ol7.2 .261 last year.
The rush OF wheat to marke. and the largest out
put of -four ever known at Minneapolis not evi-
has changed only an eighth for the week Corn is
stronger without clear reason, for while exports in
three weeks are 3326.2S4 bushels against 1867
last year they at best dispose of only an insg
nificant fraction OF the great yield
some OF the rallrOauS report large gains in
lngs, but on the whole returns still 67 per
smaller than in 1892, though 40 larger than last
year.
The iron industry is still fully engaged on old Or
ders. but new business is that many OF the
works are seeking it at some concessions in price,
and the only large contracts have been al rs TO
1.S0 for bridge plates quoted at 1902 .Oc
Quotations not lower, though any good order
commands some discount. Billets sell at S2l and
rod at S2S at Pttsburg: want of business In wire
and wire nails continuing. Mills have compete
in plg-iron and other products with spectators
who took large quantities on advancing prices, and
actual consumption will not be fairly measured
until the effects OF the speculation out of the
way. SO in boots and shoes, dealers throughout the
country supplied themselves so largely when prices
were advancing that many shops are LAYING off
ters and others closing for want OF orders Boston
shipments are % per cent smaller than last year.
Textile man fractures have strong market for
materials 10 support them. But scarcely any ad-
vance is seen this week in cotton goods, though tine
RE for the month has averaged IL per cent. The
price Tor some worsteds has been advanced be-
cause advanced abroad, but it is questionable
as ever how far the market can be held by domes-
not only foreign com position but especial ten
dency Of popular demand toward worsted fabrics.
Sales of wool. 2l.2O9 700 pounds at the three chief
markets, against l3,702,S00 in 1898, greatly ex-
coed actual consumption.
Money markets have been easier with foreign ex-
Change higher, and the demand TOR crop purposes
is remarkably small, While commercial offerings
are increased by i'm porers' settlements in advance
on prof able business. Clearings for the past
week are 23.3 per cent larger than last year but
14.1 per cent less than in S92