The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1899-01-07
DUNs REVIEW OF TRADE.


NEW YORK, Jan. s.-R G. Dun & Co.'S
Weekly Review of Trade will say tomorrow:
The year begins with the kind Of business
demand that counts. For months there has
been a rising demand for materials but now
the crowding demand for finished products be-
gins to advance in the iron and steel industry
about one per cent without quotable changes
in pig except at the East. Beams have ad-
vanced 81 per ton; angles, 81 bars, 81, and
plates strong, with an Australian order for
go 900 tons refused at Chicago because the
works are already overcrowded. Many thou
sand cars are covered by orders at Pittsburg
1000 tons bars taken for agricultural works
at Chicago, los, 900 tons rails taken by the
Pennsylvania company. The Midland Railway
Company of England has ordered twenty loco
motives from the Baldwin works and many
other home and foreign orders are reported. The
demand has never been created at the begin
ming Of the year than il is now.
The wool manufacturer has a similar embar-
rassment. While all quotations of wool by
Coates Bros. of Philadelphia average IS 03
cents against 20.71 year ago, the market is
gradually yielding, because people appreciate
the magnitude of stocks on hand. which the
Boston Commercial Bulletin reports at 291,-
000 600 pounds, an increase in its account Of
u4000,000 pounds for the year. Obviously this
means a great movement from the farms to
millers stocks and Eastern markets. but
prices not yet low enough to encourage the
large buying or consumption by the manufac-
turers The only Heavyweight goods vet opened
are at reduced prices, as has been expected.
and it is still uncertain how far the trade for
Cotton goods are in fair demand. with cotton
al SCI cents. and while nobody guarantee
that the price will not lower, 1t is believed by
competent observers that the market for goods
is far relieved of accumulated surplus that
prices are not likely TO decline materially, even
If cotton falls.
The wheat movement has to sustain 1t the
largest foreign demand movement ever known
for wheat and corn together. and the Atlantic
exports Of SPA, APO bushels -four included
against 2,s40.315 last year, with Pacffic ex-
ports OF 614 63S against S72, 446 last year. would
anticiDate higher prices
were not the Western receipts 4001. 532 bushels
against 2S76,072 for the same week last year
The country is on the up grade, and the men
who expect it to take a downward road have
vet some time to wait. There are no ndca-
lions of a reaction which always follows
large and rapid business recovery, and exist
ing conditions in the industrials and in foreign
trade by no means forbid the hope that the
increase may continue, as II did after the re-
vival in 1879 for several years. Exports, COM
pared with imports, continue to indicate an
enormous balance in cash due this country, and
gold imports begin again
Failures for the week have been 24S in the
Canada, against 80 last year
NEW YORK GRAIN AND PRODUCE
NEW YORK. Jan. .-FLoUR-Receipts. 90
10 barrels; exports, 1882. Moderately active
and 5d1Oc lower to sell.
WHEAT-Receipts 261, 175 bushels; exports,
62.452. Spot weak; red, 77A@79c f. o. b.
ahoat to arrive. Options had a fair bulge at
the opening unusually strong Liverpool
cable news, but without support unable
to Withstand the subsequent pressure of gen
eral liquidation. Sentiment was less bullish
and found selling motives in small clearances.
Final prices We're weak at RQAc net decline.
March. 771aG7S5sc, closed 7712c.
HOPS-Quiet.
WOOIl-Firm
METALS-The pronounced strength shown by
tin during the past ten days, more particularly
the past week, increased to-day by bullish
news from primary points, unquestionable evil
dences of a irmer feeling abroad and a de-
cidedly more favorable turn of holders Prices
moved up an additional so points. with the in
dications pointing to equally sensational de-
veopments with the opening for the new week.
This improvement in tin caused sympathetic
advances in the other departments, notably
copper and spelter. At the close the Metal
ACKNOWLEDGEMENTS firm; IS nominal
LAKE COPPER-Stronger; $13 80 bid s1S 50
asked.
TIN-strong and higher; $40 so bid, $21 asked.
LEAD-Firmer; SO 97Ik64 asked Brokers'
prices of lead 50 70 and copper $13 80.
SPELTER-Firmer, with buyers and sellers
COFFEE-Options closed firm, SOLO points
higher. Sales, 1000 bags including February
S. so; March. s. 60; May, IS IS; July IS so: Sep
TENDER, s. 95G6; October, Sc; November Sc 6b:
December Sc TO- Spot coffee-Rio. steady: No
invoice. sac; No. jobbing, 71sc; mild. steady;
Cordova. 7&q15c.
centrifugal &c test. 5-16c; molasses sugar,
9-l6c refined, quiet.
BUTTER Receipts, 44s5 packages Firm;
Western 1d1, creamery, 16d21c; Elgins, &c; fac
EGGS Receipts. 1884 packages Western. 2so:
Southern, 25q26c.
DRIED FRUITS
NEW YORK, Jan. 6.-Calfornia dried fruits
EVAPORATED APPLEs-Common. 7h0sc;
prime wire tray, sac; choice, 9691kc; fancy 1Oc
PRUNES-S190 10l2c.
APRICOTS-Royal. 11014c; Moorpark 13d17c