The San Francisco call., 1897-02-13
Receipts at Kansas City.
DUN's REVIEW OF TRADE.

! NEW YORK. n. Y, Feb. l2.-R. G. Dun & Co.
VIII say Tomorrow in thAir weekly review of
trade: No other event OF the week approaches In
Importance the disruption of the steel rail pool In
| TWO days after it a greater tonnage of rails was
purchhs than the entire production last year,
ported at 100000 IONS and instead of $2B in De-
| cember and $25 in January. SIT is now the price
at which works East and West are seeking orders,
the Carnegie Company even selling $17 at
Chicago delivery.
The sa es will employ many thousand hands
with an important Increase in the cost of track
laying or renewals 10 railroads Even NJ ore i'm
portaDt is the result that ofthe billet
pool Will be Impossible long the contest over
rails con tinues he manufacture of steel bars
rods, wire naiis tinpate and many other product
mas chance 10 secure cheap n Ater a.. In the
near future also is the struggle between the tw O
great companies producing Mesaba iIon ORE one
allied v ith the Illiuoi, Steel the other ith
the Carnegie company, which is expected 10 bring
ABOUT lower prices for ore ana to push many mines
to their utmost Capacity.
But In the war OF rival interests wages are al
ready reduc ed by iarge concerns A mother
event OF influence is the purchase OF 75O O0O pie es
OF print CO hs by d. c. ID. Borden .. 56 cen s.
Whlch mas already caused an advance 10 &c
cents, with stronger tone for prints and cotton
goois. Tne moral influence OF such purchase,
mAnliestlng confidence Ia the failure. is apt be
great As the contract shut down part time
many mills producing print cloths is going inuo
enect the productive CAPACITY and wages of opera
tlves Will be for a time reduced but II demand
of traders 10 rep enish stocks is ed the eff ct
may be altogether beneficial. The wooden indus
Try also m cans an increased demand for new AMI
med um goods, and dozen more mills have
started against thres stopping for various reasons
Speculation h as hardly been more active than of
late an prices generally tend downward. Wheat
rose Tuesday, but has since declined
81 cents Western recei is increasing. but
Tor two weeks have been only 3,l9l 3q5 bushels
agains: 5S23,2l3 last year; Wine Atlantic ex-
por's, flour Inc uded, have been for the week
ABOUT QUAR- er larger tnan for last year and for
TWO weeks 1885,, sos bushels against 8 s6siZ5
last year About every week some specua-
tive guess by somebody impresses many traders
more than the current records OF actua! III Owe
The cotton market has been depressed in like
manner by Mr.. Ellison's estimate that the M err
eau crop woulf prove 8 $50 900 bales but the
quantity coming iato sight mas g Sarpa I'd pre-
Vious guesses, and indicates larger crop tnan
most SPECTATORS estimate. The curtAiimant OF
consumpt Oh ln the mills IS not n guess although
some OyereS:imate since probably not more tnan
III, h of the spindies will be opped third OF
each week for this qusrter OF the year. The price
declined only All eighth for spot but over Qua r
ter for the NJ ay OPTION. The money market con
tlnaes easy with money a"Lumu.a .ating here
rapidly. Rates are not materially changed, but
c. m mercial offerings are unusually light
Failures for he past week have been 267 against
81, and 81 against 6S in Canada.