The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-06-15
DUN's REVIEW OF TRADE.

NEW YORK, My, June 14.-R. g. Dun & Co.'s
weekly review of trade, which issues tomorrow,
will say: 1t is longer question whether bust
ness improves. Not for long time have our re-
ports from all parts of the country been so uni
formly favorable. The daily average of bank
clearngs in June is 24S per cent larger than last
year, though lila per cent less than in 1892. The
most potent influence has been receipt of more
favorable advlces regarding growing crops. Labor
troubles are getting out of the way, wages in many
establishments rising, and the iron industry
just now leading, there is general Improvement in
manufactures. Monetary conditions also help.
The time draws near when good crop exports
will bring gold hither, and, though foreign opera
tons in stocks and bonds have been insignificant
this week, the effect of the previous transactions
has not been exhausted. Much diminished re-
ceipts of money from the interior indicate better
employment in business, and especially at the
West, and the volume of commercial loans steadily
rises and is now fair for this season. even in good
year. Western receipts for two weeks of June
were 3,l16,6s0 bushels Of wheat against 3,O01, POP
last year, while Atlantic exports, -four included,
were only 2, 1854 SAT bushels against 4630,227 last
year
The effect of the rise in prices was seen in the
official reports of May exports, showing decrease
OF 100000 bushels from Atlantic exports, but an
increase of 100000 from Pacific exports. The
price was reduced 21ac in trading. Corn also de-
clined about lie with better reports of growth.
The official statement of 40 decrease in cotton
acreage was found, in view of revised Govern
ment estimates for the year, to mean more than
10000, 600 acres now growing cotton which much
exceeds the best unofficial estimates. Cotton
mills are doing well for the season, and numerous
advances of 1s914c in brown sheetngs drills
bleached muSlins, denims and ticks still re-
ported. Two of the manufacturers look for
speedy settlement of labor troubles, and find
moderate demand for low and medium and heavy
weight goods, while some of the cheaper lines of
spring goods have been opened with encouraging
results but TO better grades there is still great
uncertainty about prices.
TIE output Of pig iron June ] was but a trife
larger than May l-157, 224 tons against 15b,554
month ago and ia, OPP yeac ago. The advance
IN prices continues, Bessemer pig reached $l2 40
and gray forge $40 IS at PitsburS. and changes in
all iron products show advance of 81 per cent
this month and 1873 per cent from the lowest point
in February. For this conservative industry the
rise OF % per cent in Bessemer iron seems large,
but II compared with 50 per cent in cotton, SO per
cent in wheat, 90 to 20 per cent in leather so per
cent in refined oil and 100 per cent in hides
All those products were at the lowest prices ever
known and remarkable gains were to be expected
when any came, but With each consumption has
yet TO Justify advances.
Failures for the past week have been PA in the
United States, against 2S2 last year. and "a in
Canada, against 40 last year.