The San Francisco call., 1895-12-14
DUN'S REVIEW OF TRADE.

NEW YORK n. Y, Dec 13.-R. G. Dun & Co.
will say tomorrow in their weekly review OF trade
Failures for the first week of December show liza
bilities of So lO4o31, against $4 3O6 S66 year
and S4,761, ,409 in 1898; IN manufacturing
S1,157,760, against $l,427,4l5 last year and
S1,730,044 in 1898, and in trading 1892, S21,
against 81, 401,451 last year and S2,59l,3 365 in
1898. Failures for the week have been 33S in the
United States, against $40 last year, and 81 in
Canada, against 40 last year. IL has been a very
quiet week, without any disturbances
Prices of manufactured products owly recede
from the hgh-water mark of speculation, and no
material increase in demand is now expected until
after the holidays out there Is general confidence
that greater activity will then appear Speculation
IN products is very brisk ana in stocks decidedly
inactive. except in few industrials. The outgo of
gold does not expand, and the outward movement
OF products IS shade larger. Clearings are 104
per cent more than last year.
The Cove rnmena crop report used scarcely a
ripple of interest though indicating less than
6,4O0,O bales OF cotton and larger acreage than
had been expected Of winter wheat. The great
supplies OF cotton brought over from previous
years renders it uniIaportant whether the yield OF
1895 was seven or six million bales, except as
affecting future planting and the extensive organ
lzation OF planters to keep back their cotton de-
prives small receipts of their Nationa. influence.
Whether from that cause not receipts have re-
Gently been over 40 per cent smaller han last wear
The price 3-16c. Wheat continues to come
forward SO rapidly that past estimates of YIELD
whether official Or unofficial, are discredited
Prices for the week show little change.
iron furnaces in blast last December first turned
Oub S1O, 81 ioHS NeeFNlyY dsdliSG .0UO NONem-
Der l, with increase OF 5000 tons in stocks unsod
But actual consumption is much smaller than the
output at present, and prices again decined-No. l
anthracite to $l3 rs, Bessemer pig at Pittsburg to
$12 90 and gray forge TO $12. Finished products
are weak, and sell below quotations. though quoted
prices average about half OF ! per cent lower for
the week. Heavy orders by the Rockefeller inter-
est for plates and other material build
vessels for transport alton of Mesaba next year
have strengthened the market somewhat, but the
demand at the East is very light, and most of the
works nave shortened force Considerably, while at
Pitsburg, structural forms, plates, sheets and pipe
are in light demand, and some bar mills in the val
ley have Shut down for want of orders. Higher
prices are expected for and coke, and it is be-
lieved this will cause upward turn in iron. Cop
per is much demoralized with large sales of lake
al l012 cents. Lead is lower at Spite and tin
lower at 1850, with increasing visible supply.
The Shoe manufacture is getting rather more
new business, mainly in cheaper goods, by re-
ducton III prices which has averaged nearly 4
per cent since the last week of November. The
demand for leather is a little better. with prices
averaging per cent lower for the week, though
unchanged as to hemlock sole.
Wool has not advanced with London sales
pected. The slow market for goods hinders deal
ings. Business In cotton has not gained, and
print cloths are lower at SIS cents while a few
more reductions are noted in prices of other goods
The manufacture has had highly profitable
season. though duh now.
Railroad earnings in November on roads having
over half the business of the country show in
crease of SO per cent last year, and g of
1per cent below 1892. The month as a whole was
better than October or September and returns for
lhe first week OF December are favorable. Trunk
line managers are completing their contract,
expressing much confidence in its efficacy.