The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1895-02-23
DUN'S TRADE REVIEW.

NEW YORK, Feb OR. G. Dun & Co.'s Trade
Review which issues tomorrow will say: The sur
prising success of the loan snd the great conf
dence il has given to investors both sides of the
water and to business here encourage many to
hope that it may be the beginning OF a real recov-
cry. In twenty-five minutes the su inscriptions are
supposed to have been at least five times the
amount of the bonds offered, and in two hours at
London they were twenty times the amount offered.
Considering the power which control of these bonds
gives regulate foreign exchanges and to prevent
exports of gold the transaction has indeed greatly
changed financial situation in spite of the fact
Government revenues are still deficient and that
domestic trade shows scarcely any gain as yet.
The industries not enlarging production, nor
have the prices of farm products improved. But a
very important source of apprehension and HIN
drance has, for the time at least, been removed.
Wheat fell TO Soc Saturday last and has recovered
10 SIC, only IA below the price week ago. while
corn cotton and pork are unchanged and hogs and
lard shade lower. Western receipts of wheat
are nearly as large as last year, although for three
weeks about 40% smaller, owing to the storms.
The exports are little larger than year ago
and yet are not large. Cotton has refused TO ad-
vance, though there has been much talk about cur
tailment OF acreage this year and receipts have
sharply decreased. The decrease was apparently
owing 10 the unprecedented weather at the South,
and the market is more influenced by the certain
oversUpply for the next six months than by the
possible shrlnkage IN yield next fall AS the mar
ket for goods is dull here and abroad and the fact
is that visible ocks of American about 800 600
bales larger than in 1892 IL is expected the surplus
carried over will be large.
Dealing in iron and its products are moderate in
volume with some encouragement in most
branches, though structural work at Pittsburg is
very busy, and the demand for wire nails and
barbed wire has never been surpassed. But moth
ing is doing in rails; plates quiet and bar is
slow ever, though in rather better demand for
carworkS- Sales of pig have been moderately large
with one transaction at PittSburg of 10000 tons
December at $50, but prices do not improve.
Tin is weaker at 81 IS for February. The Calumet
and Heca has reduced its price for copper to 50 9
the January output being 1854 tons and the for
eign 7l44.
Lead has declined 10 So 10, while tin plates are
lower with large arrivals.
Textile products show few changes but those
downward. COttons meeting Indifferent de-
mand, and New York mills A bleached have been
reduced to 912c. a better demand appears for the
finer prints but fancy calicos quiet there is
only the average business for dress goods light
weight woolens the recorders continue later than
usual, and the preliminary purchases OF medium
and low heavy goods are larger than year ago
some mills having business until April, while in the
higher grades there is more promising demand.
The termination of strike in Philadelphia sets
more Carpet-mills TO work and the demand is fair
While IN dress goods little is doing.
Sales OF wool at the chief markets in three weeks
OF February We're 1929, $50 lbs, against 1900
SEQ two years ago.
The failures for this week have been 3G2 in the
United states against 2SS last year, and in Canada
SO, against 81 last year.