The San Francisco call., 1896-08-15
DUN's REVIEW OF TRADE.

NEW YORK, n. Y, Aug AR. G. Dun & Co
will say tomorrow in their weekly review of trade:
Failures for the week have been 298 in the United
States, against 1876 last year; and SO in Canada.
against 4S last year.
An extraordinary spell of hot weather has inter
fered with trade throughout the East. With cooler
weather there came on Thursday a perception
that the Bry an meeting would not affect business
But other conditions were not stimulating Ac-
cordng TO Government reports the crops have
sustained serious Injuries. Labor difficulties ex
tend and the closing OF estimates for want of work
and the refusal of commercial loans by the hanks
checked op rratlons In many branches of industry
and trade. The week therefore closes as the last
week did, with domestic business unusually dull
for the season.
There is evidence of greater confidence I'm the
stock marke which began to appear on Monday
The average of sixty of the most active stocks
had fallen 10 $40 IS per share, decline of over
per cent for the week, that prices were actually
the lowest in seventeen years since the first month
after specie resumption. Trust stocks had also de-
clined 50 10 for the week. There was some selling
by foreign houses, but there a general feeling
OF capital investors here that might yet be The
best time TO buy Men of more confidence put up
prices little on Tuesday and still more on Thurs
day, so that the week closed with an advance
averaging 95c per share for railroads and 81 80 for
trusts.
Railroad earnings for the first week in August
were 8. i per cent smaller than last year and the
chicago cas- bound tonnage over 4 per cent
lower than last year. The Goverement crop re-
port Tor August so gloomy that a great rise in
prices would have followed if it had been entireiy
credited In fact, wheat rose about 1ac, but again
declined, closing only fraction higher for tn
we Elk. Corn declined through the week closing
over cent lower. Cotton advanced n sixteenth
because OF continued reports of injury. Iron
products were reduced 20,704 tons weekly in July
ana mas been further reduced since August. while
unsoid stocks increased %, 1872 in July.
The stoppage of large share of he Connellsyille
COKE works ana OF many lake iron mines is an
indication that TWO com binations do not believe
anything could be gained by reducing the prices of
materials. and the main difficulty is the obviously
extreme narrownesS of demand for finished prod
ucts winch Is so sm all that transactions are
ab some concessions even from The current low
prices with Alabama No. offered at Sc so at
birmingham, equivalent to $40 25 here the mar
ket Is not large enough to support prices OF either
copper receded TO its quotation of last week
lin also sold below current quo. atons at / , az
cents ana with sale of 500 tons lead weakened TO
2.!5 cents. ~
The boot and shoe industry is approaching the
end OF orders at hand, and gradual advances in
the prices asked tend to The restriction OF nav
orders '"
Leather Is scarcely changed in price, MANY NJ
the tanneries having ceased operations: but hides
are b per cent lower for the week and have do
clineo LAB per cent during the last five weeks
Inc wooden m arket makes little change with
nor more than third of the machinery now run
ning ana the demand for goods does NOT i'm
prove, although prices for some important grades
nave been further reduced. Nor has imnrova
ment appeared IN cotton goods. although the cnr
tailment OF production for some weeks mas been
great. ~ eon
1t IS step toward recovery, not ouite n,eas.nt
but sure that merchandise i'm ports since Jniv