The San Francisco call., 1897-12-11
DUN's REVIEW or TRADE.

NEW YORK, Dec. 10. r. G. Dun & Co s
weekly review of trade will say tomorrow:
The opening of Congress, with the annual mes
sage and reports, has not discouraged business as
some predicted but all speculative markets are
stronger than week ago. The productive indus
tries. even in he season ly about the dulest
of the year, to new orders, met a definite i'm
provement in demand for important products.
presumably the fruiJ OF a prevailing conviction
that new business will begin to crowd the works
after the new year starts. The outward move
ment of wheat and other products continues so
heaVy that foreign exchange has fallen three
quarters of cent, and instead OF the exports of
gold which haye marked December in recent
yeas, imports wouiI come IL gold were wanted
Securities are advA nciug with reason the n
creased earnings OF railways, S47,OS5, sol for
November on reporting roads in the United
States, 10 nj larger than last year and s. Q
larger than IN 1892. A striking comparison Of
five years show tnat in each of the last three
months earnings have been greater than in any
previous year, with larger increase in November
than in October or September The sud on rise
in December wheat in Chicago 5 09 would d
harm were 1t not based avowed contracts to
ship some millions of bushels 10 Europe That fact
contracts, has helped rise of li2C here. West
ern receipts for the week were 5, 79S,77l bushels,
against 69l, ,S74 last year, and the Atlantic ex-
por.s including -four, 6l2, ,Sl7, against 2975 651
las year and so great is the for ign shortage that
before, Is egain exceedei 3.3l3OS6 for the Wees
against 3,U557SO a year ago, with the prices
nearly ! cent higher Tor The week. The report
that the Wvs supp les running low is dis
credited by receipts nom farms.
A strike in English mills Is 10 longer threatened
and the possibility Of at Fall hiver has little
weight
demand for wooden goods has Clearly i'm
proved and more wool has Just been purchased
abroad and is being imported, The sales in domes-
tic markets having been for the past week only p
660,UO0 pounds at Boston, and in two weeks H.
05O 4UU pounds at the three markets While some
grades have been soid largely at prices lower than
a month ago, quotations are generally sustained.
There is more dema nd for iron aud steel prod
ucts in preparation for railway work, bridges and
buildings next year, ana contracts for export
including one for a Government bridge In Ii o.
land, Others Tor bridges in Japan. with large ship
ments OF various products TO Eng and and other
countries Foreign contracts for 40, 00O tons OF
rails pending
In and about New York bridge and building
contracts call for 10000 tons, and Chicago works
are figuring on numerous contracts for 600 rail-
| way The formation OF the american steel
and Wire Company is expected strengthen
! pr.ces and cau,e some buying. While Bessemer
at 10 and gray forge at So l5 are slightly lower
al Pi,tsburg. prices are stronger at Chicago, and
! in all quarters heavy business is expected after
| the year a sale Of lake copper said 10 be
/ 100000 lbs at lie, strengthens he denIand
that $40 81 is bid, but tin and lead are very dull
aud spelter shade lower, while future contracts
! for tin plates have been made at 81 90 per hun
| dred pounds
Failures for the first week of December were
s., 6l1, 1,24O-manufacturing 1888, 420 and trading
81, 19 ,570.
| Failures for the week have been 3l2 In the
United States against $50 last year aud 29 in
Canada against 43 last year.