The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-11-30
DUN's REVIEW OF TRADE.

NEW YORK, n. Y, Nov Or. g. Dun & Co.
will say to- Sorrow in their weekly review of trade
The failures for four weeks of November have
been SS,s19,e79, of which $l,497,O3O was Of
manufacturing and S4.555,949 of trading con-
GERMS In the same weeks Of 1894 the failures
were S., 0SS, 429, of which $2,651,43l was of
manufacturing and $685. 85 Of trading con-
cerns The failures in the same weeks of 1893
amounted TO SIT 500, O79. During the past week
failures have been 279 in the United States
against 289 last year, and AT in Canada against 36
last year Business has not improved, though
there is very little change except in the shrnkage
OF prices, which period OF inaction naturally
causes
Retail stocks are still reported full in nearly all
branches, with delayed distribution in many on
account of the unfavorable weather. The move
ment OF crops is only fair, both cotton and wheat
being largely kept back in the hope OF higher
VIII fall OFF, Exports show little gain for the
week. although the small output of cotton is still
threatening fact as respects foreign exchanges
Railroads reporting for November show gain of
"a per cent in earnings compared with last year.
loss of per cent compared with 1892.
There is no especial gain attributed to the Trunk
line agreement as yet, but stocks have advanced
an average of 44c per share for railroads. while
Ginning SIC per share for trusts. There is not
much change in commercial loans, although lit
tie more demand from some manufacturing is re-
ported. On the whole the demand is nothing like
what 1t would be II general business in nor
NAL condition The speculative markets have not
helped. for while wheat is cent higher with corn
unchanged, cotton is q shade higher and held with
much stiffness in spite of all evidence the alum
dant supplies abroad and the sagging trade of
European spinners.
Goods here a shade weaker, perhaps lie on the
whole, in spite of small advance in raw cotton.
Another sharp fall in hides at Chicago has not
been followed by leather, which has declined only
for grain. nor proportionatey by boots and shoes
The manufacturers are getting remarkably little
new buslne SIS for the season. and may look for no
material change until after January l. The
wooden business makes scarcely any gain.
The sales of wool which to a large extent repre-
sent speculation and supplies for the future rather
than present consumption have been at the three
chief markets during the past four weeks 2429O,-
$50 pounds. against l6, 129, 100 pounds last wear
and "a, 131 ,62I in 1893.
The iron market is decidedly weak while
Bessemer pig has declined to $l2 50 at PIttsburg
Philadelphia, that the average of all quotations
is about half OF per cent lower than last week.
the markets are really much weaker than the
quotations. as concessions are generally given by
manufacturers in order to secure business.
A sharp decline is noted in barbed wire attrib-
uted to the failure TO complete expected COM
bnation. The Bar Association and the two Nail
associations refuse to reduce prices of their prod
reduced since the great advance two or three
months ago, and there were rumors in the market
that of the big combinations had gone pieces
because of underselling by members The coke
combination holds prices firmly, but it has been
obliged reduce its output to five days in the
week. so that decline of IL, $50 tons for the week
is recorded.
Offerings of copper are less urgent at lie for
lake, but tin is weaker at 81 20 because of heavy
supplies. while lead is shade stronger at SO 81.
The Western receipts OF wheat continue larger
than last week: for the week, 4, 5O5, POI bushels
against 1855, 404 year ago. AS before, Atlantic
exports are relatively small and for four weeks
have been only 1927, JOG bushels, flour included,
against 6,742,496 last year. 1t is evident that
with such movements higher prices can hardly be
expected, nor can the exchange situation be favor