The San Francisco call., 1896-10-31
DUN's REVIEW OF TRADE.

NEW YORK, N. y. Oct 3O.-R. G. Dun & Co.
Will tomorrow in their weekly review of trade:
A market without anything but politics 10 rule Is
not often satisfactory. Business is almost abol-
ished until after election by the extraordinary
pressure of money, by the indispostion of anybody
to sell who thinks great change for the better is
near, by the feeling that it is now Of no use to
contract or buy when so little time remains before
a decision and by the general absorption of busi-
ness men In political activities. The Indications
show q gratifying confid nee in probably better
things but enormous volume of contracts and
orders depend upon the election, and while prices
OF materials are strong with heavy speculative
buying the absence of demand makes products
general quiet in price, though with evident ex-
pectation of strength.
The feature Of the week has been the pressure;
in the New York money market IN spite of the
heavy of gold. Quotations IS OF call Qans
100 per cent or more have real m Gaming, except
with practically four holidays to come in succ s.
sion there is really no market. Commercial loans
almost loss art. except banks sustain their
regular customers, which they 90 generally with
fair degree of berality. The boarding and
gagement of old to provide against contin gencies
have far surpassed all rec lrds, and in exchange
BOUGHT ahead. gold actual withdrawn. and
contracts deliver gold if required, PROBABLY
ceeds in amount $l0U,0000 900.
(. The makers OF contracts TO deliver gold on de-
mand have .,mIorted over $l0.UU0 600, IL is be-
lieysdY and ordered $5,U0U,000 this week.
These Withdrawals OF god from banks Tor tenn
porary deposit elseu here or by country banks
he demand of customers, have been quite heavy
and the uying of foreign exchange has made the
market entirely bGormal and quite out OF relation
the xiting state of foreign trade The railroad
earnings in October have been 81 per cent less than
last year.
r. Wheat has declined sharply but is rising again.
closing at 112c lower for the week. Heavy real z
ing on spot sales; extreme monetary pressure in
carrying suppl les and belief OF foreigners that
they can get what they want at lower prices by
present absUention have materially heped the
powerful chicago Influence which has lspored to
depress frees But the evidence of great de-
mand alb Dad grows clearer and while Western
receipts are heavy, 1852, 927 bushels for the
week and ZS.756 S44 Tor the past four weeks
against 81, 100, ,S64 last year, the enormous mill
ing returns of especial value, showing that
foreign orders are preparing great quantity of
flour for export.
will be especially instructive whenever the mar
iet turns on foreign demand. Atlantic exports
for four weeks, -four Included, have been 1925
o0S busaels. against $500, Az las year. Higher
prices and actual fam ne In parts of India have
speculative bearing, but really less impor ans
to the American mark than the news OF the de-
crsaSDg supplies from Russia.
Cotton has held up remarkably well, in spite Of
trade estimates that the yield will be close 10
9,OQJ,OOO bales The trade believes such esti-
mates erroneous, and also believes that present
prices will not De found too high if with such
crop there should be good business in This and
other countries
The. mills are selling staple go DIS somewhat
freely and print cloths are Shad higher, but
there is neither much selling nor much efforS to
buy goods or other descriptions fhe speculation
in wool continues and has continued during the
past fonr weeks, 20, 100 pounds against 49,
7SS,S50 last year.
Iron has been bought Isrgey by spectators, 25,-
600 tons OF bessemer at PittsDurg raising the price
TO Sl1 80, large quantities OF gray icrge raising
the price TO $40 4O and 10000 tors, nearly all of
the iron at Chicago.
Finished produces do not figure in prices, al
though quotations are less shaded than of late 10
secure business and there Is a strong belief that
after q week there Will be marked change.
Failures for the week have been 270 In the
United StaJes against 27S last year; and 40 in
Canada againss 53 last year.