The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-05-04
DUN,s REVIEW OF TRADE.

NEW YORK, n. y, May S-R. G. Dun & Co.'S
Review of Trade, which issues tomorrow, will say
Business begins in May in better condition than at
any other time since the breakdown in May, 1893.
Smaller in volume than then it is not shrinking,
but enlarging. The chief obstacle TO more COM
plete recovery is the anxiety of many to pluck the
fruit before it is ripe Holders of some staples
have lifted them so far as to prevent their market
ing. Consumption of materials in some branches
is checked by advances which cannot be realized
for finished products, and workers in some in
dustrieS are demanding wages that cannot be paid
In spite OF labor troubles the outlook brightens,
money markets continue healthy and with heavy
sales OF railway bonds abroad the deficiency in
public revenue, $S.742,S40, in April causes no APP
prehenson. Demands for full restoration of wages
to the level of 1892 have closed many wooden
mills and threaten TO close others. The strike
which closed the iron furnaces at Newcastle, Pa,
has Just ended without success, but other strikes
have stopped numerous works about Pittsburg.
Pocahontas col1e-workers are on strike and one is
threatened by Alabama eoal-miners
The speculative fever grows more serious as is
natural when business starts up with prices at ex-
tremey low points, but by lifting wheat from 63c
to 69c Atlantic exports have been checked and
-four included, have been only ,672197 bushels
against 3017 045 last year. The close was at 6S1ac
Western receipts are now larger than year ago
and except in parts of States the promise for
the next yield is excellent. A sale of 100000 tons
by the Fair estate at San Francisco loading thirty
ships for Europe, VIII lessen other demands on At
lantic supplies.
Enormous transactions in cotton have been fol-
lowed by decline from 7c to 6.Slc though peace
in China was represented as insuring greatly in
creased demand.
The strike OF the Newcastle (Pa.) furnaces, now
over stiffened Bessemer pig Sc $40 rs quoted
at Pittsburg, and the closing of the Wheeling mill
stiffened billets, while Southern makers have
nominally advanced their prices so they have been
made here under $40 for No. 2. Additional con-
tracts for structural work here and at Chicago,
sales of 1000 rails at least better demand for wire
and its products and for plates and sheets,
couraging features this week.
Wire nails are a shade higher at Soc and cut
sumption does not yet equal capacity Of works or
output of pig, but improves Late in the week i'm
portant strikes in the iron works about Pittsburg
threatened serious disturbance Another heavy
decrease of ] 1867 tons in output of coke makes
the snrinSage nearly 20 per cent for two weeks,
and furnaces offered at 81 10. Anthracite coal
agents agreed to mine only three days of the week.
but prices are unchanged.
Window glass makers have adopted new scale
Tor the two low brackets at SOC higher than before
The rise In prices of cotton goods continues. The
wooden year ends with the lowest prices yet known,
1O4 quotations by Coates Bros. averaging IL. 47c,
against l5.32c last year and 22.70c two years ago.
Large sales at such prices natural and in April
1l99O,S00 pounds OF domestic and IL 1856, 700 for
eign were sold at the three CHIEF markets, against
l4O63,35S domestic and 7,775,400 foreign last
year. Sales since January have been 81, 967, o15,
against 80 ,S56,350 in 1892 and less in 1893 and
1894. The demand for wooden goods does not i'm
though sales of wool indicate large consumption.
The weeks failures are: 23l in the United
States, against 233 last year, and "a in Canada
last