The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-06-29
BRADsTREET,s REVIEW,

NEW YORK, N. Y, June 28.-Bradstreets to-
morrow will say: Dominating business conditions
OF the week are continued large demand for and
further increases In prices Of iron and steel which
nave surprised even the trade The Jump in rail
prices and higher quotations for plates and nails
have tended to produce temporary scarcity
Improving wheat conditions have finally con-
WINGED many in the trade that there are likely to
be fully 425,0O0,00O bushels harvested in the
United States this year, which, as Bradstreet
points out, with probable available" surplus of
oO,0OO,00O bushels being carried over at this
time, points to only 100,OO0,0OO, possibly
1lOO0O,000 bushels or available for
export during the next twelve months,
which is less than in any year since 1890.
with the short crops abroad in some instances this
can hardly fail to bring higher range Of prices.
1t will doubtless prove disappointing to learn that
exports of wheat (four wheat from both coasts
OF the United States and from Montreal have
amounted to only 1,946,402 bushels, against
1857 900 bushels last week.
With the further advances in prices of iron and
steel should be coupled the gain of lie pound for
wool. Better quotations have also been made for
the cheaper grades of wooden goods, prints,
boss sbos pig and bes wheat pork lard
prices recorded for -four. corn, oats,
coffee, cotton naval stores and cattle. Sugar and
lumber are practically unchanged. Business fail
ures in the United States for six months, as re-
ported to Bradstreets, show marked falling off
was to be expected, but not great decline
relatively as in the second quarter of 1894,
TtSullS III u tOldl SIX months or 00SI,
9 per cent more than last year, per cent more
than in 1893 and 8 per cent more than in
the first half of 1891, after the Barring
| crash But total liabilities have shrunk
more than $3,000000 from last year, and
more than one-half within the years pointing
to the excess in the number OF failures being due
rather to the continued effects of the bust
ness disturbance on small enterprises than to new
and unfavorabe conditions.
At New York there Is nearly the usual volume
| of midsummer trade in staple goods At Phila-
delphia the improvement in demand for staples
and steel, well at Pittsburg. is again conspic
| uouS. There few evidences of a revival of
general trade at the South, but merchants at al
most all leading cities in the region report the de-
mand continues very moderate and collections are
slow.
General business on the Pacific Coast continues
in contrast to that elsewhere. Increases are re-
ported in several lines from Seattle, where glass
factory is TO be built and importatons of British
tnplate have been received. Relatively less ac-
tivity is reported by Tacoma with the exception
that Alaska tourists travel is the heaviest
for years. Trade at that city with Japan and
China ports is assuming large proportions. Port
land announces that the Oregon fruit crop will be
| large one, but there has been no change in
the general business situation there. Wheat
Is being exported from San Francisco as
fast as it can be loaded into ships New
tea is In good supply and produce ana fruits are
active Wheat shipments to Europe are to be re-
sumed from mills at Vallejo, after suspension
of over one year. The only changes West
and Northwest are the continued improvement
In cereal crop conditions and the stimulus
TO business by the continued frmness OF and de-
mand for iron and steel. Business in dry goods,
clothing and shoes at large centers exceeds the
record for six months of 1894, and in some in
half of 1898. The influence of approaching mid
summer is making itself felt.