The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-11-09
80. $23,930,2 O4
DUN's REVIEW OF TRADE.

NEW YORK, n. Y, Nov. S-R. O. Dun & Co.
will say in their Weekly Review of Trade to-mor-
row: The liabilities OF firms failing in October
were s16,179,53o, against slO772, 943 i'll five
weeks last year and S24 954 1872 in 1892 Failures
for the week have been $50 in the United States,
against PSI last year. and 40 in Canada, against 40
last year.
1t has been a broken week, and Just before and
after elections in the most important States opera
tons rarely have much significance. Stocks and
products weaver. and there is some decrease in
the number OF establishments at work. both for
reasons having nothing to do with questions of
government.
The controlling power at present is the effort to
readiust prices after the remarkable rise of last
summer in important materials and products, with
the struggle of great combinations to prevent de-
cline. The purchase OF competing interests now
6S6 out of II 1874 coke ovens in the Conne!lsviIle
region and special control of more than three
Is expected, as tho Carnegie Company has been
buying up supplies at low prices for months in ad
vance.
Yet the price Of Bessemer pig is lower $14 IS at
Pittsburg. and billets lower because there is
scarcely any demand for rails at the combination
price; structural contracts few, and the
demand for wire and wire nails has been curtaed
by the nail trusts advances of prices l76 per cent
in four months. Large Western and Eastern
orders for cars help the demand for bar, but
finished products are quite generally sold below
quotations, which are now lower than they were
two months ago. Copper is shade weaker at il 70
cents for Lake with slow buying; tin fraction
lower at I4.55 cents with the visible supply 81
675 tons against 22,737 year ago. and lead is a
trfe lower at 3.3 cents. The anthracite combina-
ten seems ready to make higher prices
The United states Leather Company, holding
great quantities produced from hgh-priced hides,
finds outside concerns reducing prices OF leather
and has stopped production for sixty days in order
10 control the market Rough calf is &c lower this
week, with other kinds unchanged Meanwhile
the boot and shoe manufacture is barrassed even
TO the stoppage OF very many works by the refusal
of iobbers TO purchase in the belief that leather
and shoes must decline in accordance with hides.
Manufacturers have offered concessions ranging
from SC TO 10c per pair, only increasing the nds-
position to buy.
Many wooden mills are also closing to wait for
orders, though the demand is fairly satisfactory
for some dress goods and Worsteds and the Wash
But prices of these and most qualities Of woolens
are still unsteady. for manufacturers do not know
yet what they have TO meet. The reaction from
speculative prices OF wool abroad and the stiffness
OF speculative and country holders here reduced
sales TO 5,623.540 pounds for the week. against
SS25, 900 for the same week of 1892 but stocks of
foreign WOOL here are very large. CottOn-mills do
well, as the hal, and hesitation in cotton does not
SOP buying OF goods, and many believe goods safe
at current prices even IL cotton Is not
The market for raw cotton Is held at SO
cents, In spite OF highly respectable estimate OF
only 6,4S5000 bales for the year. Wheat falls
back with great reluctance from its summer rise
OF 2Oc, but has declined lac for the week, West
ern receipts being S,0l9,910 bushels against
o,S to,o32 for the same week last year. Belief in
actual receipts of 45,725.36S bushels in six weeks
against $3.50, 0O5 last year, and Atlantic exports
have been only 9.93O,9 45 bushels, -four Included,
against Is, BAT $40 last year.
Inc reports OF winter wheat from States are also
better. Corn comes forward largely receipts be-
ing more than double last years. and nearly mil
lion bushels went abroad
SHOCKS nave declined an average of 81 46 for