The San Francisco call., 1899-10-07
Dnn's Revie7V of Trade.

NEW YORK, Oct. e-R. G. Dun & Co.'S
weekly review Of trade will say:
Inc grand demonstration in honor of Admiral
Dewey effectually stopped business Of most
kinds for two days at the chief city OF the
country and yet the remaining transactions of
the week would have excited wonder year
ago. At New York, where the interruption was
greatest, payment through clearing houses ex-
ceeued $O59O0O,OOO in four business days,
record never before approached and outside
New York the gain reflects great expansion
In the volume of that kind Of business which
does not depend on exchanges 1t has been
week or remarkable monetary changes here and
rste e5se"here, re- @ Inc Bank OF England raised It's
its weekly statement from 31s to per cent
With with the hope that the outgo to New York
lost also.
Germany lost also and raised its rate to 6
While high rates were paid here for money
required IN speculation no stringency embar-
!a fassea any branch of legitimate business and
tne STOCK market has held up surprisingly. With
SUCH business as the great steel companies are
doing doing II Is not strange that their stocks are
rails deliverable next year, s33 being fixed as
the price after consultation, and about $50 900
tons, fairly divided between Eastern and West
great companies bought btllets in large guam
.l1les @ ioT which II is said s35 was paid by some.
anu OF 6esSemer pig nearly 2000 900 tons, the
FEDERAL Steel Company taking 10 600 and Pitts
purs works taking advantage of old options.
Other large rail contracts are expected soon,
especially those of the Pennsylvania Plate
WORKS seem to be gaining little if any on their
uLuerS ana par mills are crowded ever, while
me renewal Of efforts for consolidation of sheet
nlIls Bls causes more active buying. But while
Bessefner pig rose % cents and greyforge at
flttspuTB declined so cents, finished products
were not changed. excepting another rise Of 10
cehts per Kee IN cut nails, and there is reported
some disposition to hold back orders because
OF the general rise in prices
- me ne WOOL market is strong with sales OF
O.5sZ, lo2 pounds at three markets, prices being
maintained, although the advance at London
has been checked
after advancing about cents, wheat declined
shaTpiy' uncertainty in the Transvaal being
used py spectators excuse for the fuctua-
tlon; Ihe closing price is unchanged with At
laltlc exports OF 562 062 bushels, -four included
agadnst MI .o33 last year, and Pacific exports
OF W. 5O2 bushels, against 7O2. Ala last year with
II Is noted that corn exports were also @ 992 232
bushels for the week. against 1881, ,002 last year
tHe price rising cent. 1t seems not strange
mat mat wheat continues firm and Western receipts
nave been only 6,644 113 bushels for the week
against 10, 539,359 last wear
ne merchandise exports from New York have
oeen IN four weeks S31. .202. 500 in value against
soz, .f94 last year, which. with the increase
IN Inanuf actured exports in cotton exports from
etner Sr points, insures an enormous outgo for
SStpIeRloeT' while the increase in imports at
New New ork has been about 80 500 600 in value,
apparently not enough to reduce the excess of
exports for the month below $50, 900 900.