The Coconino weekly sun., 1895-02-07
TRADE REVIEW.
Dun's Weekly Report Gives Some Interest,"
 ing Facts.

Ing faCUSs
 NEW YORK, Feb. 2.-R. G. Dun's weekly review of trade says:
 Things look better near the close of the week, because it is believed that a new loan will be negotiated. There was need for relief, since January closed with the heaviest gold exports ever made in any month and the heaviest withdrawals of gold from the treas uSy, Sl346 ,10s the hope of 0 new loan being the one thing which has lifted prices during the past few days. January leaves behind 1t the lowest average of prices for all commodities ever known; for cotton, iron and it's products, wool and silver, the lowest monthly average ever known, and for wheat, range above the minimum, but yet declining rapidly toward that point Industrial operations have not materially diminished, though it has been disappointing month because the revival ex- pectedh has not come. The continuing drift of money to New York shows scanty commercial demand in the interior and no improvement appears here in commercial loans. In short, business is still waiting and finds reason for hesitation in the condition of the treasury.
 Speculation has not favored producers. Wheat was # cent lower but western receipts were only l,2?GOl2 bushels against l.5792l7 last year, and with exports larger than last year might have helped prices had not the visible stocks been so large. Corn is cents lower with receipts about half and exports not one- eighth of last years. Cotton declined six teenth and Is close to the lowest point ever touched, with an average of only S5.70h for January. The movement continues large and tho maximum crop estimates are encouraging, but there is not . little hope that decrease of acreage may help the planters. Neither here nor abroad does the manufacture promise near ly the maximum output of consumption.
 Silver has been weak and for the month has made slightly the lowest average ever known, the output in 1894 being reckoned by Wells, Fargo & Co. at s2s, s,72I 0I or 45,5SS9ll ounces. The decrease was T. per cent, while the in. crease in gold was 8 per cent.
 Iron and steel look less encouraging at the east and the demand is disappointing, although prices are not weaker. At Pittsburgh and the west a larger demand appears, particularly for wire and wire nails, which do not change in price as yet, while Bessemer iron is 9 cents higher, billetS a little stronger and gray forge l5 cents lower. The structural demand is good.
 Textile manufacturers cannot score improve ment for the week, for though print cloths lave advanced a shade, the demand for other cotton goods is only moderate and prices are unusually irregular. The opening of mems woolens has continued with even more gen. eral declaration of belief by the domestic manufacturers that they can sustain them- selves in medium grades and in worsteds, but in the finer grades much hesitation appears and in the lower grades, the extremely low prices made by foreign dealers seerl to threaten the manufacturer. Wool is so low that large sales for possible futures continue, and the total at the chief markets for four weeks has been g. l570j5 pounds, against 2l,727, l50 two years ago.
 Failures for the past week have been 35i in the United States, against 37O last year. and 5i in Canada, against 52 last year.