The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-08-17
DUN,s REVIEW OF TRADE.

3 NEW Y DIRK, n. X, Aug. :I6s-R. G. Dun 81 Co.
in their weekly report of trade tomorrow will say
1t is belated season. frozen May set everything
back: The heavy business which ought to- have.
been doue in May and June was pushed into July:
so that the midsummer decline due in: July comes
in August. With this in mind one is not surprised
TO find the shrtnkage from July TO August: rather
more conspicuous than. usual. Financial events
are used in specu iative markets Ito create appre
hension. Exports OF gold have continued this
enough in the Treasury to keep the reserve intact
the impression grows that another sale of::bonds
may be made. =:
Exports are falling: below last years in two;
weeks of. August S3,300,Q00; or 20 per cent
while imports show small increase of 61a per.
cent: Government receipts for half of August are
S7,l81.336 less than expenses. The disappOnt-
ing. crop reports of last Saturday, though event
uaIly diSrusted lessen confidence in regard 10 the
future Of trade even while some Spectators gain
by them.
ere doing better than anybody could have ex-
pected. The output OF. pig iron August ! was
1SQ,525 tons week, or 17650h by another report;
in either equal TO the largest output in 1898
1892.
Unsold stocks are ss-O7S tons smaller the great
steel companies having made heavy purchases in
advance of needs. but the actual consumption is
large and prices rise in the face of increasing out
put. Bessemer iron is Sl4 10 at Pittsburg. Plates
have advanced 81 per toR though other prices are
in some cases shaded in the East
Wool manufacturers find in their way large sales:
of foreign goods at prices which cause official in
vestigations The imports were 80, 100000 pounds
of cloth and dress goods in the first half Of the
year, against g. SOC, 600 last year.
The sales of wool 6 l 81 500 domestic and 3,279,:
900 foreign this month against L, $40 $50 domes-
tic and 1902, 500 foreign last year, and IL ,S69 S02
domestic and 1866, 500 foreign in 1892, Indicate
that domestic wool is largely held for speculation
at prices about cent higher than manufacturers
feel able to pay.
Few strikes in woolen-mills occur bus the carpet
works about Philadelphia are still idle. Shipments
of boots and shoes have fallen almost last years
figures for August thus far, and orders are as yet
scanty for the NEW season. but prices firm, and
leather does not change. though tanners decline to
pay current quotations, .934c to 10c for Western
buff hides:
r Crop reports modified except as to. cotton and
wheat and spectators have bought, lifting the,
price fve:sixteenths while wheat, with more evil
denee Of Joss in yield, has declined / 7sc, "
According to- Government reports the crop :of
each would be about two-thirds of the maximum.
third of the consumption of. American cotton is
yet on hand but not a third of the years conspmp-
tionof wheat. Receipts for the week were better
but not half last years, and in three weeks $685.
531 bushels against II ,2116 33 bushels last year
August earnings of railways thus farshow per
nt.behind last years, with losses nearly all
and iii June 15.2 per cent below those of 1892
Eastboupd shipments from Chicago for two weeks
OF August have been &c. 45 tons, against 81, 03S
LAST year, and I0e,1 In 1892. =
Tne stock market has been quite inactYe,: with.
a:trfing decline trust stocks MS whole, largely
influenced from day to day ny financial rumors.'
Failures. for the week have been 1875. in the
United States, against 229 last year, and .38 in
Canada; ag ainst As last year. -....