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

NEW YORK, n. Y, Oct. S-R G. Dun q Co.
Will say tomorrow: Distinctly better conditions
have been apparent of late and reflected in
somewhat larger employ ment of labor in large
transa ctions and in continued buying of materials
for manufacture. A great part of the change is
due to those resistess laws of supply and demand
which take wheat where it is wanted and gold
where it is wanted. India is waiting for cargoes
of wheat on way from the Pacific states, Just as
Australia and South Africa were not long ago.
surplus usually available from India disappears
and the surpus.trom Russia and European coun-
tries is reduced according to late estimates, 75,-
100000 bushels Happily this country has a
supply which official reports have not correctly
measured, if actual movements do not greatly mis-
lead.
Western receipts for the week were 7243 969
bushels against ,35I TAI last year and this fol-
lows increase of 14,00O,O00 bushels in receipts
during the qusrter ending September 30 Atlantic
exporis-2O69,071 bushels (four included) for
the week, against 1,707 629 last year-are not yet
so large as to force prices upward, il European
buying baseo on European needs did not control
our markets A feature of large importance is
the unusually good demand for corn, which is a
rarely failing sign of deficient crops abroad, while
other grains are wanted instead of wheat when
the latter becomes scarce and dear II is another
good sign that railroad earnings. amounting to
$3S,745,3lS in the United States for Septem Der
show smaller decrease than in August-1.3 per
cent, against OF per cent compared with last year
Iron furnaces in blast october had capacity
of 112,7SS tons weekly against 1895 Septem Der
and ,306 November last year, while unsod
stocks decreased 35,5S2 Buying of materials
continues, but Bessemer is q shade weaker $I1 40
at Pittsburg
The demand for products is solight and SO much
does 1t hold back, pending the election that de-
creasing output is not an unhealthy sign There
is quite good demand for sheets, especially at the
West and rather better for pieces, and outside con-
Germs are getting large contracts in steel and iron
bars and in nails, but prices have not been re-
daced.
Minor metals change little, with simply better
demand for copper: LEAD quiet and tin weaker be-
cause the visible supply, 35,400 tons, is 5000
greater than year ago Some manufacturers
are making large sales OF 100-pound tin plates at
So 90
The upward rush OF hides has advanced prices
at Chicago 8 per cent for the week the highest
average since last November Prices of leather
have risen 212 per cent with small dealings
to pay higher prices and dealers do not want to
buy. Orders for the mex. Sc son are few and
many concerns may close for time.
Textile manufactures gaining little and
the buying of wool by large mills covers 4 662.-
600 pounds for the week, against IL 24q 200 last
week. Prices advanced about / per cent in SEN
tember and have since advanced even more
though few dealers have orders for long time
Buying of cotton has been checked by heavy re-
ceipts from plantations, 1929, ,2S7 bales having
come into sight In September, against 542 304 last
year The price has dropped seyen-slxteentbs
and few now have confidence in a crop of only
1000, 900 bales.
More gold has been ordered from Evrope so
that S4,00OGOO Is now on the way. Speculation
in stocks has yielded little, but 13 for railroads
and 5.5 for trusts The outward movement OF
money to the interior has been $4,000, 900 for the
week.
Failures for the week were 2ss in the United