The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-11-23
DUN's REVIEW OF TRADE.

NEW YORK N Y, Nov 22.-R. g. Dun & Co.
will say in their weekly review of trade:
Failures for the first half of November amount to
S6l4S.sO9 in liabilities. against $500, 3O3 last
year and 97,24S,279 in 1898. Failures for the
week have been 800 in the United States, against
1922 last year, and AZ in Canada, against 81 last
year.
Reaction in business there is none. Efforts TO
explain it attribute it to this that temporary
influence are wasted. When stocks bon hit in ad-
vance of consumption have been worked OFF men
will able to Judge what final distribution is TO be
expected, and mean while prices depressed by
the selling OF quantities bought for speculation, by
the pressure of stocks for which consumers have
not yet been found aid by the idea that prices may
go still lower.
Gold exports have been large, amounting to
81, 257 900 last week and presumably 10 1880,
900 this week, but are rather result than cause
of existing conditions.
little selling OF American tocks on European
accounts followed realizing IN foreign stock
markets but the new comp act of trunk lines
promises better earnings for railroads thought has
speculative effect, and meanwhile the corn
carrying roads are doing especially WELL Earnings
ported for years, showing gain of LOG per cent
over las year and only per cent decrease com
pared with 1892.
Products are lower without disturbance or sign
of panic. The more sob estimates OF wheut
months ago rose 50.O00,0 900 or more above the
Government and speculative guesses, and now
reputable estimate Of 475,000,000 bushels eXcites
little remark
Corn declines 1ac further. Pork products
also have reason for weakening, lard 15c per 100
pounds and pork 25c per barrel The cotton mar
ket has been assisted all the week by small re-
cepts and remarkably stiff statements of scarcity
but has gained sixteenth, though some think
short receipts were deliberately organized by
planters. II begins to be decisive fac that ex-
por 3 are small partly because stocks abroad are
heavy ana partly because the manufacturer
abroad does not ina market for a usEa quantity
OF goods, the British being especially embarrassed.
In this country the cotton manufacture has Jared
better than most Others escaping all excessive rise
and the resulting decline. While some prices
were marked too high when cotton above 9
cents and lower, most goods are held at quoted
prices and the mills generally have orders TO
cover work into next year. but IL is becoming a
question whether retail distribution has Kept pace
with manufacturers orders with sales to re-
tailers.
Iron and steel products lower, averaging /
per cent for the week and per cent from the
highest. Bessemer, anthracite No. and bar being
quoted lower, while sales below quotations fire.
quent.
There is frequent competition for ORDERS most
markedly small. Structural work is cut down by
the strike of house-workers here. and quite num-
Der of mills, principally bar, have stopped within
a few Gays. The associations reatfirm prices, but
do not sell enough to keep works busy. The de-
mand for cheap boots and shoes is a shade better.
Shipments for the month are 22.7 per cent less
than last year. Lea h-r is weaker. though only
one class is quoted lower, but hides at Chicago
have again declined about per cent and average
relatively lower now than leather or Shoes