The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-07-27
DUN,s REVIEW OF TRADE.

NEW YORK, n. Y, July 26.-R. G. Dun & Co.,
in their weekly review of trade today SAYS 1t is
not for the tide Of business to RISE but there
is perceived scarcely any shrinkage, except that
which naturally with midsummer heat.
Lateness Of spring trade threw heavy settlements
into the second week of July, and clearing house
payments now almost quarter smaller than in
that week but are II ! larger than last year, and
only 60 per cent smaller than in the week of
1892 The yolum Of new business IS small ON
pared with recent months. but large enough to
CORA e more opening of long-closed works and
more advances in returns to labor Important
strikes show that TIE advance is not enough for
some, but seem not more threatening than a week
ago. The small shipments of gold count for moth
ing, and money markets are undisturhed.
Accounts OF shrinkage in the yield of wheat
come both from Pacific States and from the Da-
kotas II would be strange ana unnatura1 July
without such reports, and yet they have weight
enough this year to lead even the most expert
enced to reduce somewhat their estimates of
yield, while the price has advanced 314c this
week. Light Western receipts, for the week not
third of last years. and for four weeks only 5l66,
ESQ against 1888 $50 last year, strengthened adj
verse reports, because the price q year ago
about zoe lower than IL is now The Western
movement largely depends on the export demand,
which is phenomenay light Atlantic shipments
have been, flour incuded, only b71,56l bushels,
against 2,Sl6.996 last year, and for four weeks
only 3,500,5S against 1856, 1922 last year.
Corn advanced about cent with wheat. but has
since lost all the gain. Cotton remained
changed at &c, although the latest reports favor
larger estimates of yield, circular by Nell going
much beyond the other figures. 1t is somewhat
significant that the stock markets show 1ndlfer-
to crop reports, and the Changers have
strongly advanced, as If no inquiry had rumored.
Prices of iron and steel products still rise, the
feature this week being the startling advance OF
SOC per keg in cut and wire nails with new cards
for various sizes, which, it is stated, make the ad-
vance actually greater than 1t appears Angles
a shade higher, and prices strongly main
tanned.
Bessemer pig does not advance although the
Carnegie and one other company have been buy
ing about 100000 tons, which is supposed 10 tore
shadow large contracts for rails. In thu first half
OF S95 orders for rails $4,000 tons, against
502 900 in the first half of last year, and good
many small orders appear in Chicago. Otherwise
there is q distinct hating in demand. though
nearly all iron and steel works are crowded with
orders for some time come. Textile works have
a better outlook with larger demand both for cot
ton and wooden goods, shade in advance of print
cloths and in most beached goods, and more
scarcely advanced beyond last years prices, are
the whole selling better.
The financial situation is not disturbed by gold
shipments nor by the large excess of treasury ex-
pendttureS amounting to about $12, SOC, 900.
Receipts are naturally better in July than in most
other months, but expenses are also large Money
scarcely begins TO go out for crop-movpg, and the
demand for commercial loans is as large locally
as it should be. Failures for seventeen DAYS of
July show liabilities Of $6,599,751, OF which
$l.993,52S was of manufacturing and 1924 ,SS1
of trading concerns.
a year ago corresponding reports covered So
ing and $2,4S3,011 of trading concerns Failures
for the week were 202 in the United States
against 249 last year, and 81 in Canada, against
asf