The San Francisco call., 1895-11-02
Livestock.
DUN's REVIEW OF TRADE.

NEW YORK n. ", Nov. l.-R. g. Dun & Co.'s
Weekly Review OF Trade, to be issued tomorrow,
will Failures in October thus far reported
show liabilities of S1l 1204SS against So 206 1892
last year and SIS 1886 ,494 in 1898. Failures for
the week have been 27S in the United States,
against 400 last year, and 45 in Canada against so
last year
The rapid recovery in cotton and the rise in
sterling exchange to the point at which the last
exports of gold were made have not increased
confidence. Whether cotton is kept back by
planters, as many reason, or by spectators makes
no practical difference If merchandise imports, for
the past four weeks at New York 80 per cent or
Sl0,200,000 larger than last year, so far exceed
merchandise exports for the past four weeks at
New York 1912 per cent or $500, 900 larger than
last year, as 10 cause shipments OF gold.
ock and other speculative markets have been
affected. Selling on foreign account and break
in "Ph ilade lpha kaffirs," call the Indus
trials of that city, have helped to depress railroad
stocks here about 80 cents per share and trust
mand for wooden produce. Retail distribution is
fairly encouraging, and the closing of many works
is less significant at this season than it might be
at others. II is a time OF waiting and uncertainty
which may naturally continue for some weeks.
Cotton has risen to &c again. Speculation turns
for the moment on the disposition Of holders to
keep back their cotton, which may compel higher
prices some day, however large the ultimate sup
ply may be. Receipts at present very small
compared with last years and it is stated that
banks here have more money loaned Oh cotton to
enable holders TO keep II without marketing than
ever before. Exports and takings of spinners
small and stocks abroad and here so large that
consumers may be better able TO wait than bor
rowers from banks. The tendency to realize
moderate advance was shown on Thursday, though
spot prices remain strong.
Wheat has declined 131 C and corn 212c In spite
! OF many adverse reports about winter wheat,
which will be marketed nine months hence. Pork
and lard much changed, though hog re-
ceipts and packing are heavy. The heavy wheat
| and corn movement help railroads, but the
ings thus far reported for october, 5.3 per cent
larger than last year. the third week showing less
than the others, are ga per cent smaller than in
! 1892.
The larger demand for manufactured products
has held prices of cotton goods and even advanced
some prints, in spite OF last weeks decline in cot
/ ton.
More activity is also IN iron and steel prod
ucts, though Bessemer and Gray Forge bets and
plates little lower. Contracts for lake ore
hang fire, because wheat pays So 25 for the room
on which won pay 81 10 from the head OF the
| lakes. The nail combination reduced the Novem-
ber output TO onethird its usual quantity, and the
rail output this year hss been only about half the
| quantity required for renewals alone, which shows
enormous increase in the OF steel for build
! ing and other purposes. Minor metals 3 shade
weaker and American tn-plate makers are taking
good part of the business by selling at l0c below
! prices for foreign plates
Many shoe factories have closed and the ship
| ments for four weeks have been "a per less
than last year The controlling fact is that hides
have fallen 1.c for the week and 27 per cent from
the hirhest rolnt and leather is declining rapidly,
but boot and shoe quotations are but slightly re-
duced Nor has the demand for woolens i'm
mills is noted. a larger demand is expected when
the next season opens. The volume OF domestic
! trade shown by exchanges throughout the ptin-
cipa clearing houses is ia per cent larger than
per cent less than In 1892, and reflects in part the
| extraordinary speculation in