The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-10-26
DUN,s REVIEW OF TRADE.

NEW YORK, y. Y, Oct. OR. G. Dun & Co.,
in their weekly review OF trade issued tomorrow,
will say Failures In October thus far show iabili-
ties of 81, 1924, 53l, OF which S393S. IFS of
manufacturing and s., 62l 556 OF trading concerns.
Last year the aggregate was 1868, TAI. of which
81, 629.67l OF manufacturing and 81, 1855, 567
Of trading concerns. In 1893 failures the same
week were Sl5,072,920. Failures this week are
231 in the United States. against 23l last year
Ten days ago gold exports seemed very near;
the break In cotton, when they began ripened on
Monday INFO 3 collapse sufficient to Justify hope Of
q free movement.
Hides have also dropped sharply at Chicago;
Leather is weaker and the adjustment OF prices to
real instead OF imaginary conditions progresses
rapidly. Already lower prices in iron have brought
out some important contracts. Labor difficulties
though including strike Of many Pennsylvania
C oal-mners who do not seem to be succeeding, are
on the whole OF serious Importance Money
markets cause em.rkably little trouble consider
ing the heavy movement OF products. Cooler
weather has generally helped retail trade and
with increased consumption by the millions the
way will be clear for better business.
The fall in cotton week ago barely eighth
from the highest point eighth on Saturday
half cent on Monday. and has since been a six
teenth more All records were broken by sales OF
81 900 bales Monday and without failures of
consequence. Opposite parties then rallied prices
but a more gradual decline followed with larger
movement. Exports improve but little because
foreign stocks are so large, and the lower prices
give more confidence to mills which feared 10 pur
chase and manufacture when decline reason
! ably expected. Wheat has risen &c for the week.
although Western receipts continue unusually
/ large and Atlantic exports show plainly slack
demand from abroad. Russia and Argentina are
| both moving freely.
Nobody can give reason for higher and
| pork declined 25c, lard sixteenth and hogs l0c
per hundred pounds
Iron boasts OF some good contracts this week,
one from Russia for several months production of
armor plate by the Carnegie works, one For Gov
eminent appraisers stores here and others for $500
| freightcars,: which in respect of many more.
| Bcssemer pig advances, but finished products on
the whole decline much, other pig iron not ris-
ing. II Is too late In the season for good business
in structural forms pipes and tank steel is lower
tons delivered and 70S 600 tons sold, make pitt
! full record for works which have turned out over
two million tons IN year, but this only renders
more surprising the increase of other OF iron.
Whether tin-plEte works will take 100000, 900
pounds of steel this year. the latest official re-
port indicates. Will depend on prices, and sales OF
coke below the latest established prices no
ticed, with the largest production on record.
Textile manufacturers have been for the moment
| disturbed rather than helped by the decline In
ton, 1t checks buy ing o; fabrics, with
lower prices for print cloths and prospects OF lower
prices for other goods. The demand for worsteGs
| goods the situation does not improve.
! Although hides have fallen fully half a cent at
Chicago and some kinds OF leather lower, quo
tations OF boots and shoes do not change and many
factories have stopped for time.
Exports for the week are 40 per cent larger than
| last year, but imports were for the week "a per
cent and for three weeks 30S per cent larger than
last year. Obviously a moderate movement of
ports OF cotton, would quickly AFFECT exchanges.
stocks have declined about 81, with trust stocks
about the same, possibly in part due to foreign
selling because OF the * affr collapse. Money is
undisturbed, with q remarkably high movement
westward, which for the time of the year is curl
ously significant