The San Francisco call., 1899-03-18
puN.s REVIEW OF TRADE.

NEW YORK. March 17.-R. G. Dun & Co s
Weekly Review of Trade will say tomorrow;
In business this year cannot be compared with
a year ago. It can be said that payments
through the principal clearing houses for the
past week have been 57.4 per cent greater than
in 1892 and 459 per cent greater than in 1888.
but that exaggerates the gain in some branches
of business while in others il falls far short
Of the gain Thus the February exports OF
manufactured products have about doubled
since 1882 Onitting New York icearings.
where speculation in stocks is most active pay
ments through the other principal clearing
houses for the same week show an increase OF
37.6 per cent over 1892 and I'll per cent over
last year. But without regard TO such details
all realize that the volume OF business Is the
The national prosperity rests on more solid
founda tions. The exports of breadstuffs pro
dacreas Sc of Sc, 600 O00 but other exports mainly
manufactured were S36 406. SAB in value. against
S3l, 275. 1876 last year. and sufficiently large
TO cover 90 per cent OF the entire imports. The
merchandise exports for the month were SS5,-
624. III, the gold supply increasing and there
appears no occasion for monetary disturbance
The Treasury recorded its first payment of the
ing previously received S5s 000 600 for the Union
Pacific and over $4,000 for the Kansas Pa
Swiftly rising quotations for iron and its
products would misead If 1t were not kept in
mind that more than nine-tenths Of the iron
manufacturing capacity is engaged ana VIII
be until July or later. in the execution OF or
ders taken months ago at low prices II a
million tons Of products go out this month;
900 coo tons at such prices SIS $40 for steel
rails. at which the entire output OF the Illinois
Steel Company for this year was sold some time
ago il hardly indicates the true character on
the iron business that less than leo, coo tons are
going out al such prices as S26 10 SIS per ton
for steel rails made here for small lots this
week. Belated buyers now have TO pay fancy
nrices TO get orders accepted at all. With
drawals of postponement OF business because OF
high prices begins TO be significant feature
and much foreign business Is evidently lost.
though there still sales for exports; $500
tons OF pipe for South America and 5000 tons
bridge material for Burmah
The ConnneIlsville Coke Works, with an out
put of 167. 240 tons weekly. and many operating
Sundays to catch up with orders, have ad-
Vanced prices only 15c.
Wool sales al the three chief markets have
been only 4.305, 500 pounds, OF which 2I6l. 900
were domestic. against 5.0Ts.200 in the same
week OF 1892 of which 8. 900 were domestic;
! but prices are soft and some dealers are said
! to have yielded as much 2G3c per pound
] clean because nobody can guess what effect the
/ nominal and yet there is a somewhat better de-
/ mand for goods. Nor has the strong demand
! for cotton goods been helped by the weaker
/ market for cotton, which has fallen to b.S4c in
spite of a volume OF reports about the bad
: condition of the late-picked product. The price
/ of goods has been strongly advanced and Is
/ held WELL but yet depends on the price OF
The market which has lost most is that which
/ has least statistical reason to lose because no
/ estimate OF wheat in farmers hands March
| exports and domestic demand to July / The
actual exports, -four included. from both coasts
during the past two weeks have been 1.596, 93s
! bushels against 1916. sS7 last year. But such
! eTnorts inpIy a foreign demand which is not
unlikely TO exceed last years. and the corn eN-
/ ports are also a little larger than last year.
/ The Western receipts for the week have been
/ 359 600 bushels. against 2. 500. .666 last year.
! Failures for the week have been iSe in tbs
Tinted States against EOS last year, and 80 in
/ Canada. against p last year