The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-10-05
DUN's REVIEW OF TRADE.

NEW YORK, n. V, Oct. Ar. G. Dun & Co.
in their weekly review OF trade tomorrow will say:
Commercial failures in the third quarter OF 1895
2792, with liabilities of $32, 1877, l79 averaging
Sl1 52l per firm, against SlO,02S last year, about
Is per cent more. The rate of commercial NOR
tality, Pa failures in quarter for every 1000
firms in business, is lower than last year and the
proportion OF defauled liabilities to the solvent
business represented by payments through clearing
houses is bat 40 per $1,000, against 2 last year.
Highly important comparisons OF prices this
week show about September s the lowest range
ever known for wholesale prices of all commodi-
ties, Notwithstanding advances since March of 20
per cent IN cotton goods, 40 per cent in boots and
SHOES ana % per cent IN iron and steel products,
while in wooden goods there has been sea rcely any
advance, and all food products taken together
fall of II per cent.
Under the appropriate headings are given details
of the movements of different products with their
causes, the most important being the UMPIRE
cedented crop of corn and oats, larger crop of
wheat than false representations led the world to
expect, an enormous demand for manufactured
goods TO repenish depleted stocks when prices be-
gan to rise, and decrease in the yield of cotton.
The cotton market has mounted above cents,
and holds in spite of realizing, but; the crop is
late and quite largely held back does not yet feel
the influence OF the receipts natural at this date.
impressed all minds while few remember the
stocks brought over. Receipts are growing but
for the month have been 275,000 bales less than
last year.
Wheat is a shade weaker while Western receipts
have been 6.550,494 bushels, against 4,4S7 104
last year; while Atlantic exports have been only
1,03S,l79 bushels, against 2,791, 4S9 last year.
Reports from other cities at the end of the quarter
are highly cheering in facts recorded and reflect
hopeful spirit. Beyond question the quarter has
shown asst onshing improvement in some branches,
and retail distribution has generally been good,
though not commensurate with speculative whole
sale purchases, as prices rising. Hence there
is marked decrease in buying, which some
branches OF industry begin to feel
Railroad earnings for nine months are analyZed
on another page, showing by classes of roads the
gain or loss each month compared with 1894 and
1892. every month showing some aggregate gain
this year over 1894, though not in ali classes
Compared with 1892. all classes fall behind each
month. September shows gain Of 3.5 per cent
over last year, but loss Of 1872 per cent COM
pared with 1892 The tonnage from Chicago in
September was nut slightly small tr than in 1892
and only per cent smaller for the quarter.
stocks, although dull, have been strong with
slight advance, more because gold exports have
ceased than because of active traffic.
The big corn crop and the belief that the Penn
sylvauia now controls the Lehigh and will raise coal
rates both are helping. The Pennsylvania has
ordered 10000 tons OF steel rails and other roads
$4,000, but the steel-makers having bought their
pig Beese mer Is lower and also gray forge and the
demand for finished product Is decidedly smaller
SO that the average of iron prices turns downward
for the first time since February. Coke-workers
gain per cent more wages and coke is raised i to
30 per cent. The money market is stronger with
heavy demands from the interior. All fears OF
gold export have ceased.
Failures in three days have been 207 in the
United States, against 219 last year and Al in
Canada. last