The San Francisco call., 1897-08-28
DUN'S REVIEW OF TRADE.

NEW YORK, n. Y, Aug. 27.-R. G. Dun & Co..
in their Weekly Revi w of Trade Tomorrow, will
say: Speculative markets have their turns of re-
action but business has none this season. gaining
with a steadiDeSs which is most gratifying. The
starting of works, increase in hands employed ad-
vance in wages and IN prices of products and the
heavy movement of crops are facts be which
all specuia i've influences have to bow The
weeks dispatches mention sixteen iron WORKS
which have started against one closing, fifteen
WOODEN works starting, and so in many other
branches. while many are preparing to resume,
and some have increased wages While these
things conginre-with grain rising and going
abroad In enormous quantities-money markets
have reason tor abounding confidence and specula-
tive markets tor strength. tIop pros ects are
contradictory usual, at such a time. but it is
noteworthy that none Of them indicate anything
less than an ample supply OF the great staples.
Wheat rose over Z cents Saturday, with exag-
geratrd reports of injury. fell nearly cents ad-
vanctd cents and then declined sharply. closing
l cent lower for the week. Much harm WAS done
spring wheat in three states appears but there
no accounts entitled to belief that the yield
will be below 640, ,0000 600 bushels which will be
25.0OO,0U0 larger than any other year except
that of 1891. In spite Of great lack OF wheat
receipts we're ,l4s, 559 bushels for the eek nd
for four weeks 155S9,6S1 bushels, against 4. S96
947 last year and Atlantic exports, flour in
cluded, though somewhat checked by higher
22O7 81 last year and for four weeks l3 3S7 6S7
bushels, against Q, ,310 1T year
The wool market reflects IN 8 eat strength and
further advance in some grades the heavy buying
Of woolens which has set many mills to " ork
night and day ana caused makers of many grade
10 withdraw them entirely from the market. But
while the mills have done somewhat more most Of
the NJ hold large stocks and the trading has been
mainly speculative between dealers.
At last demand has far overtaken the capac
ity of IRON works that prices are growing stronger
Bessemer and grey Jorge 25 cents higher at Pitts
burg and pig in Eastern markets as much stronger
bee ause re bates and concessions stopped BIZ
lels are s. per ton higher structural angles bars
and plates about much; rods, 1i(020, and wire
nails GEMS per keg higher
The demand is also heavy for merchant pip.
and eei; sheets very active. The advan ce
in iron nd steel prices averages ~ per ecu; for
the week. Buying of or-s continues he wy, 5OO-
OoO tons In two weeks at Cievea nd. and among
the iron works starting four more furnace. ;.
While tin is wea er at ST. 75 with large arriva s.
copper IS held at 1l14c for Lake by large ord RS
and deliveries, and lead is scarcely obtainable
low &c, sa es having en- heavy. Conn llsvilr e
coke works increased output TO 12S,6l4 tons for
the week.
Hides are again stronger at Chicago. thou gh
pa ckers no longer lead, but country hides are
ca led scarce although cattle receipts at the four
chief markets, 81 400 head. are the largest for
the corresponding eS since 1892
Failures for the rast week are z23 in the United
States against 2SS last year, and "a in Canada
against 80 Tasty