The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1899-01-21
DUNs REVIEW OF TRADE.

NEW YORK, Jan. Cor G.. Dun & Co.'S
Weekly Review of Trade will say tomorrow:
new year rarely opens brilliantly. Too
many traders have to wait for demand which
in winter comes slowly. The industries resist
fairly we'll the tendency to unlimited
pansion which some have to meet. Specula-
ton in products is gaining but little. while
stocks enormous volume of business results in
continually higher prices. The volume of pay
ments through the clearing houses is
traordinary. 42.7 per cent larger than last year.
s6.9 per cent larger than in 1897 and 515 per
cent larger than in 1892 the transactions
outside of New York showing a gain 1892
of 44.s per cent. Speculation at New York
therefore cannot be the main cause of the gain.
Difficulties between holders of material and
manufa cturers continue to hinder in some in
dustries and in some may prove seriously en-
barrassing, but the activity is on the whole
unsurpassed hitherto and the volume of traf-
hc is beyond all expectations
in some branches consumption is running be-
yond the producing capacity, but in others 1t
is as hindered by doubts about the future sup
plies and prices of materials.
The WOODEN manufacturer is still waiting.
with only a moderate demand for goods
as yet. The production is large and consid-
eraby larger than in recent years. but does
not nearly approach the capacity of the mills.
Sales of wool for the past three weeks at the
three centers of the Eastern market have been
1t, 600 pounds, against % 900 last year.
and prices of domestic fleece lower with
present demand running largely to quarter and
half blood Australian cross bred, but there is
for goods to encourage heavy buying by manu-
facturers yet.
The iron and steel manufacture leads all
others in the volume of new business. While
production is much the largest known,
many of the works Withdrawing all quota
tons or naming prohibitory prices In order to
check orders which they cannot fill for months
TO come. and do not want to accept at cur
rent prices. The number of such works is rap
idly increasing the heavy demand for
terfals covers months capacity. The Besse-
pig is a shade higher at $40 90, with sales
PittSburR there
thing like famine in gray forge, with sales
at 50 Is. although one sale at 50 IS in the
valley is reported. While finished products
In very great demand, especially for car build
ing and special works at the West. the week
shows no advance in prices. excepting 80 cents
per ton in steel rails at the East
Those conditions favor continuance of the
the greatest balance in favor of this country
ever known. January this year indicates g.
similar excess of exports over imports. and
while wheat exports have increased every
month since last August. they have been in
three weeks 15,07S,0T7 bushels. -four included.
from both coasts, against II, 1852 bushels last
year
Failures for the week have been 24s in the
United States, against 374 last year, and 80 in
Canada, against 50 last year.
NEW YORK GRAIN AND PRODUCE.
NEW YORK, Jan. 2o.-FLoUR- Receipts.
%, 25S barrels; exports, 1902. Market inactive
and nominally steady.
WHEAT-Receipts, 1872. 600 bushels; exports
I. o.
b. afoat Options exceedingly dull all
day. Scalpers- while bullishIy inclined, hest
tated in view of weakness abroad, foreign SELL
ing and lack of outside trade to afford vigor-
Gus support Clearings were large and there
was a moderate export trade again. Near the
close covering orders produced a better feel
ing and final prices were unchanged TO 1Sc
lower with the undertone firm. March, 775s
7sc: closed 775sc.
HOPS-Quiet.
WOOL-Steady.
METALS-Tin has again asserted It's supre-
macy in the advancing metal movement, to-
was fairly active all day with sellers con-
servative and inclined to hold off for further
developments Copper advanced an additional
1215 points, while the bid price for spelter
moved up five points. Very good news from
primary points and encouraging English cables
were chiefly responsible for the further rise.
warrants firm at IS rs nominal; lake copper
strong with s14 10 bid and sl5 asked; tin strong
steady. with 81 221z bid and 81 271s asked
spelter firm. with IS 80 bid and IS 40 asked The
brokers' price for lead is 81 and copper s15 25
COFFEE-Options closed steady unchanged
to points higher. Sales, II, 500 bags. including
January. IS 30; February, IS 35a5 40; March,,
s. so; May, IS Go. Spot coffee--Rio dull, but
bling, &c. Mild-Quiet Cordova, 71a@14c.
SUGAR..Raw, quiet and barely steady; fair
refining, 3%c; centrifugal SO test 4Ac; mo-
OBSERVATION-DISCLOSURES, 1890 packages; firm.
Western creamery, 14q19c; Elgins, 1sc; factory.
12d14c.
EGGs-Receipts, 5435 packages. Western, $50
1S11c; Southern, 1SG1ec.
DRIED FRUITS.
NEW YORK, Jan. 2O-California dried fruits,
EVAPoRATED APPLEs-Common. rose:
prime wire tray. sac; choice, sq9Ac; fancy, IOc
APRICOTS-Royal, 11G14c Moorpark. 13@17c.
PEACHES-Unpeeled, sale; peeled 2la2Sc.