The San Francisco call., 1897-02-06
DUN's REVIEW OF TRADE.

NEW YORK N " Feb 5-R. G. Dun & Co.
will say tomorrow in their weekly review OF
trade: No important change in business appears,
but the mum Der of manufacturing establishments
starting up m uch exceeds those shutting down
during the week, and so much that the curtafl-
ment of working time ia many cotton-mills prob
ably does not lessen the aggregate prod
force or amount of wages paid There is distinct
increase in orders for wooen goods, some improve
ment In silk manufacture. waiting condition
with gain in one branch of boots and shoes and in
dications of better things coming in the iron and
steel manufacture.
To many 1t is the most discouraging feature OF
current events that W heat does not rise much,
tho gh it has advanced l3lc for the week. Allan
tic exports have been only ! ,6q6, 460 bushels.
-four included; against l,965,456 for the same
week last year, while Western receipts have been
only l,4O6,l7O bushels. against 2SOO,4O7 last
week. The course of the market is not explained
by any special Information, but current prices
show that no especial confidence IS felt In the eSti-
mates OF supplies available for the rest of the
year.
Cotton fell to TIA after the agreement to close
the Fall River and other print cloth works be-
came known, but recovered the quo alton o!
week ago-7.31c-without further news. Spin
ners' takings have been small his year, that of
the Northern mills being $4,000 bales less than in
Ie9A,So that the admitted nsrro"ntss OF the de-
mand for goods has al present considerable weight
II appears that foreign trade is also somewhat re-
St-lcted By the nalrownesS OF demand. The sales
of wool have been smaller than IN other recent
weeks and yet are Tar in excess of the consump-
tion of all weeks II all were constantly employed.
AT three chief markets the aggregate Tor the
week has been 13,5447UO pounds. There has
been only slight 9tiffening in prices, but more
foreign wool will be taken and stored 1t is be-
lieved, IL Western holders continue to demand
higher prices
Prices of B'ssemer pig and Grey forge at Pitts
burg have slightly advanced with much more
hopeful feeling, notwithstanding the CO nparaIive
narrowneSs OF the demand for finishel products,
End in plates ana wire nails there is much more
business with good prospects.
Il lleis are quoted at SIS 25, with scarcely any
deman at present, aud rods at S!1, while No. II
black sheets were quotei at only cents. Re-
ports ha only 10000 tons of steel and heet bars
have been exported to England only lndicA-
tion' of the ttmporar excess of supply over de-
mani in this country. and supposed to
prices CT cast pipe are from 81 10 SO per lower
1T New Nork than at Scotch works.
Bars are quoted at the lowest price ever known
at PhilAde phia, wi, hout much Improvement in
the demand, and steel rails still inactive an
unchanged in price, the rail roads waiting O de-
cline corresponding TO the fall in bllets. But on
the whole The demand tor iron and steel products
the WORK Il lul!y employed, though tn e gain is
yet enough Tor those who have taken large sIocks
of material or pi oducts on speculation.
In the money market there appears no EN-
barrasSment, I'D the arge sale of Norihern Pa
cific and Oregon Navigation securities TO Euro
pean capitalists has given additional assurance
that balanC es due this country will not be can
celled for some months to come. so that the point
OF possible gold exports Is removed still further
Inc course of the STOCK market has been unin-
structive and dealings have not been large. But
the avrrage CT railroad stocks has advanced a
small fraction aud the average of trust stock has
slightly de, lined.
Failures for the week have been 3ll in the
United States, against 1923 last year, and 6S In
Canada, against 81 last year.