The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1899-06-17

NEW YORK, June 16.-Bradstreet Flnah-
cial Review tomorrow will say: Strength and
weakness have alternated in the week speeu-
lative movements Manipulation. however, ap-
peared TO be mainly responsible for the ad-
vances and bear selling and. demand realizing
of profits by traders for the declines. PROBES
sional influences were predominant and the
public's share In the purely speculative mar
ket continues to he small, the confldent points
which have been in circulation about the large
interests being committed to the pun SIDE ana
planning To cause a further general advance OF
prices having failed TO bring on any appre-
riahle out side .articipation The decline in
exchange rates and the checking OF the gold
exports have to certain extent affected the
tone of the market favoraby.
The investment demand for bonds ana prime
investments is OF the same large and eager
kind heretofore noted. This week has seen
advances in a number Of higher grades OF bond
Issues with new records in the quotations for
them The tendency also has an effect
on dividend paying stocks. On the other hand,
uncertainty in regard to the crops ana the out
come a. to railroad tonnage and earnings is
still sufficiently prominent TO exert a re
strictive influence on speculation ne lrregu-
larity III crop estimates at this portion of the
year is rather more pronounced than for some
seasons past, and Is IN many quarters cohsld,
cred good reason for waiting on the part OF
the large speculative Interests Some OF the
latter have indeed given support to their spe-
cialties. but others have been active on the
bear side, although in all operations OF that
character at present the disposition is to cover
for small profits Europe has not been factor
in our II arkets, the London participation being
small here and equally divided between buying
ana selling There have been no surprises as
10 earnings dividends, although the street
is waiting developments OF some kind in con
hears that favorable results to be looked
for in regard to the anthracite coal properties
BRADsTREET's REVIEW OF TRADE.
NEW YORK, June 16.-Bradstreet's to-mor-
row will say:
greater extent than usual this week, not only
in the domain of actual distribution, but in
their effect on values of staples particularly
agricultural products, a majority of which are
higher. Noteworthy in this respect Is wheat,
which has advanced Government and other
reports pointing. according to some, to $50 0G0,
coo bushels. and by others rated as low as
800 600 600 bushels The possibility is also pre-
scented of spring wheat, for the first time on
record. equaling If not exceeding in yield that
Of the winter sown grain, owing TO the severe
weather last winter and insect damage to the
latter crop since then. Particularly helpful,
however, in advancing prices have been the
crop, less glowing spring wheat reports from
the Northwest, and tentative estimates of the
worlds crops pointing to $50, 0o0 900 to $4,000.
600 bushels smaller than in 1898. oats and other
small cereals have sympathiZed with wheat.
particularly as acreage and condition figures
point likewise to diminished yields Hog pro-
ducts have shared the strength Of cereals, but
cotton remains unchanged Notwithstanding re-
ports of decreased acreage and very firm. CON
ditions in the manufactured goods trade. rat
or rejecting, in fact reports of improved crop
conditions at the South as the result of the
The CROP however, is still backward. Ad-
vices to the distributive trade are in the
main very favorable. Hot weather has slim
ulated retail business and orders for fall de-
livery are reported in larger volume and
earlier than for years past. At some centers.
in fact. less than the usual effect is looked
for in seasonable midsummer influences. This
is, however. best illustrated in the iron and
steel trade, which displays uneXamplcd ac-
tivity regards summer production and con-
sumption, limited only by the obtaining of
supplies. Advances along the line are in the
futures trade. Predictions of It further ad-
vance in the price of rails made based
upon the fact that old contracts at very low
rates have been nearly filed. Notwlth-
standing these advances, there is still some
export inquiry. and feature reported has
been one on Continental account for Ameri-
can coke Iron ore shipments although the
season is three weeks late. nearly equal those
Of a year ago Long abandoned Western
mines being reopened and shipment OF
ALBANIA steel and Texas pig iron to Pitts
burg dsorove the truth Of the old proverb
that there is little profit in carrying coal
to Newcastle"
Wheat including -four. shipments for the
week aggregate 2.799.41 bushels. against :. u.s.
047 last week, 1895. 1877 in the corresponding
week Of 1898. 2547,319 in 1897, 1920 III in 1896
and 2,S57.3O7 in 1895
Since July /, this season, the exports of
wheat aggregated 21s.022,954 bushels against
225r272,S33 last year.
Bank failures number $50. against Us last
week, 207 in this week year ago, 226 in 1897,
265 in 1896 and 23l In 1925.
Canadian failures number % against 70 last
week and in this week a year ago "a in 1897
IN and In