The San Francisco call., 1896-02-15
DUN's REVIEW OF TRADE.

NEW YORK, N. Y. Feb. l4.-R. G. Dun g. Co.
will say tomorrow in their weekly review OF trade:
Failures for the first week OF February S4079, $50,
against 50 909, 800 last year Manufacturing were
So 372, 1852 against S729, ,34S last year and 81 594-
072 in 1894 and trading were $1,624 427, against
ST ,934 S94 last year and $2,4S55S5 in 1894
Failures for the week have been 32l in the United
states, against 270 last year, and 81 in Canada
The weather still hinders business, also continued
closenesS of money and prolonged inacton of Con-
greSs; but confidence increases. There is little
more demand for some manufactured products.
Exports improve with yielding prices of staples
and for the week from New York exceed last years
30 per cent, while imports have increased Is per
cent. Pigiron at the East and at Chicago has not
advanced southern competition continued
prices so low that several Alabama furnaces have
stopped, but Bessemer is @ shade lower at Pitts
burg. The demand for plates, sheets and wire
nails continues fairly good, and there are more
orders for railroad cars and bar iron at Chicago
but no further sales of rails appeared and the de-
mand for finished products keeps but about 20 per
is again much reduced.
Copper is a shade frmer while tin and lead are
not active and unchanged. The demand for boots
and shoes is still disappointing Some makers get
good orders for womens light shoes bur others
scarcely any, and Boston shipments thus far are
u per cent less than last year
Textile work shows little change, though the cut
in print cloths and general concessions in brown
and bleached staples averaging for the whole list
6per cent since January l, induced more buying
which the known accumulation of goods ahead of
demand has hindered
Many mills are reporting great profits last year
ITolD tDe rise Oh COItOu, Dub the prospect or
larger crop this year does promise repetition OF
such gains. Though goods still average 1877 per
cent above their lowest point year ago. cotton is
now Al per cent higher than it was then. Sales of
wool have been small for two weeks of February
but higher prices abroad, sustained by heavy ship
ments of goods to this country incline holders of
wool here to make no concessions, so that manu-
facturers have more difficulty in meeting COM
petition.
Produce markets have tended downward, mainly
because supplies exceeded expectations Wheat
has declined 34c. Corn is a shade lower, and both
pork and lard little lower. Cotton receipts at
this season. never large still indicate supply for
the current crop year. including stocks brought
over, much in excess of the worlds needs so that
the prospect of increased acreage has the more
nower to depress prices, and spot ton has de-
clined eighth for the week. Exports in jan
uary were Sc, $685. 565 less than last year, though
prices were do per cent higher.
Stocks first little depressed by heavy
realizing since the sale OF bonds, and the money
market has not yet fully settled. The business Of
railroads is large enough to justify better results
Earnings for the first week of February were 90
per cent larger than last year and January reports
the best since September. showing 10.S per
cent last year
Clearings for the week, Ia per cent larger than
last year, are 21.7 per cent less that 1898.