The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-09-21
DUN's REVIEW OF TRADE.

NEW YORK, n. Y, Sept. 2O.-R. G. Dun & Co.
in their Weekly Review OF Trade tomorrow VIII
say: Movements of exchange and OF gold have
somewhat affected all markets this week. Elk
change has fallen, though not because commercial
bills have greatly increased, and exports of specie
though diminished will reach about So, 400
600. 1t is confidently believed tina. the interna-
tional syndicate will allow no financial disorder
and many certain that an issue of bonds will
come. But the root of tn edifficulIy is remov-
able by bankers. namely, that merchandise
exports disappont the Government and the syndl-
cate, failing to meet the cost of merchandise i'm
ported and leaving a heavy balance TO be paid
abroad.
August imports exceeded exports by ST ,2s2, 72s.
and net exports Of gold $15, SO, 1872. A small
cotton crop with large stocks held abroad slender
demand Tor Atlantic wheat, with Russian wheat
arriving in London in large quantities and mer-
cbandiSe exports and imports at New FORK per
cent larger than last year in September, thus far
scarcely promise speedy change The volume of
domestic trade measured by exchanges is 20 per
cent greater than last year. but 9.S per less
than in 1892, which Is not quite near the record
OF full prosperity for September as for August or
July.
In spite of gold exports wheat advanced for some
days. in all nearly 2 cents. Corn rose and fell in
sympathy with wheat, with as little reason. West
. ern wheat receipts for three weeks of September
have been 97l $50 bushels against le 49l 62o
last year. while Atlantic exports, flour included
have been 3,941,6 bushels, against 1921, 1886
last year.
in Minnesota, and large exports of corn from this
country, all work against rise in wheat, though
advance. The cotton market, lifting and falling
fraction each day, alternately, shows no settled
tendency, big stocks balancing an undoubted, but
as yet indefinite, decrease in yield.
The surprising increase in production md ad-
vance in prices of iron seem TO be bringing
natural check, as prices have gone so high as to
cause some purchases from Europe both of pig
and finished products, and have also caused u
distinct shrinkage in the home demand.
The cotton-mills which laid in stocks OF cotton
below cents are enriched by the advance In ma
terfal and enabled TO make frequent advances in
goods, which are sustained. The present demand
is dull but there are reports of stoppage and
the threatened strike at Fall River does not come
The wooden manufacture is doing well in dress
goods and hosiery. Foreign prices for CLAW
worsteds have advanced, and mohair goods also
the price of the material having risen 165 per cent
at Bradford in few months.
Sales of wool are smaller than last year, and for
three weeks only II, 133,470 pounds, Of which
7,17S,370 foreign, against "a ,572 400 pounds
in 1892. Of which 7,6l4.000 were foreign. Prices
Of foreign wool are so low that purchases for ex-
port have been made.
Commercial failures for two weeks of the month
were 81, l54,227 this year against 81 S67,764 last
year, and $8,260,Sl3 for the same weeks in 1898
This year $l,723S14 was of manufacturing con-
c9rns against 1868, l6 last year and So 5SS Of
trading concerns against $l,706,04S last year.
he failures this week have been 81 in the United
States against 2l0 last year, and go In Canada
against AZ last year.