The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-08-10
DUN's REVIEW OF TRADE.

NEW YORK, N Y, Aug. e.-R. G. Dun & Co.
in their weekly review of to-day will say Business
continues quiet for midsummer and though there
is perceptible relaxation there are no signs Of
reaction. The one change OF great importance
which the past week has brought is eminently
helpful-the amicable settlement between coal
miners and employers in Western Pennsylvania,
Ohio and Indiana. II is said that coo men will
have their wages increased after October /, by this
adjustment. While the enlargement Of the purchas-
ing power is of consequence, IL is more important
thar a chronic cause of complaint has been removed
by the new agreement as to the compaDys stores
There is no important change in crop prospects,
and AT this time no news is eminently good news.
Taken altogether the crops of the year promise
so much better than was expected month ago
that the effect Is highly encouraging, although the
other crops 81 cent corn. will not fulfill The ont
go of gold con nues and excites some comment,
because it Is felt that the bond syndicate could
range the movement of 1t if 1t pleased by reducing
the rate of exchange.
Speculation has been more successful in cotton
than in any other product during the past week
and has lifted the price an eighth, although it can
not be said that the prospect as TO yield has
definitely changed Some injury has evidently
been sustained from excessive rains and the Gov
eminent report commands little more attention.
Wheat has declined fraction. with very scant
transactions the extremely small Western re-
ceipts influencing the market for the present
than the restricted exports. The concerted with
holding OF wheat by Western farmers If continued
would doubtless affect the price the end but it
has already stopped Atlantic exports almost en-
tirely. the amount -four included, having been
only 753,430 bushels for the past week, against
1856, 436 bushels for the week last year, and
when foreign markets have supplied their needs
from other quarters the Western farmers NAV find
regret that they did not ship their wheat
at the ordinary time. Corn tends to lower prices,
with more encouraging prospects, and the expect a
ton of heavy corn crop affects prices OF prov-
sions, as might be expected.
The industries continue to make progress and
higher prices for iron and steel PRODUCTS prove that
the supply has not yet outruD the demand. Besse-
mer iron is shade weaker, but gray forge had adj
vauced about so cents and finished products are
emarkably firm with further advance in steel
! to 1.3c. The Carnegie works at Homestead broke
| the record by turning out in July 43 600 tons Of
STEEL of which II, $50 were of beams. The an
thracte coal market is completely demoralized and
prices have again yielded little to about the low
est ever known.
! Sales of wool are not much inflated by specu-
| laton they were during the first half OF July,
but they still considerably exceed the actual con-
sumption in the manufacturer at three chief mar
kets 70 6259, 800 pounds, against 9271 700 pounds
| for the corresponding week of 1892. Prices are
very firm Holders who bought enormous quantities
q month ago in expectation of rise appear to be
looking for further rise. But wooden goods show
signs of weakening, and there is much complaint
! of foreign competition and undervaluations, es-
pecially in medium and lower qualities, while In
! Worsteds the tendency of prices Is upward.
Some staple cotton goods have again advanced
in price and the market is unusually strong for the
season. The shipments OF boots and shoes con-
tiDue larger than in any previous year. but there is
| very little new business and most of the manu-
facturers getting near the end of their orders,
! While many have discharged part of their hands.
Prices firmly maintained and there is no yield
ing in leather, though It is reported that in hides
prices at the West show little weakness
The failures in July show liabilities amounting
TO $l1,7SS, $50, of which 81 549,0 of manu-
featuring and $S,2S3,173 of trading concerns.
I Failures for the week 225 in the United
States, against 264 last year, and 43 in Canada,