The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1899-11-11
Dmp's Reuie7U Of Trade.

NEW YORK. Nov. 1O.-R G. Dun & Co.'S
weekly review of trade tomorrow viii say:
The most noteworthy feature Of the time Is
the rise in prices Cotton rose on Wednesday
to 7S1 cents. with much excitement. putting
the price 2lR cents higher than it was a year
ago, and yet 1t was still higher In september
Wool has risen relatively more-about 10 per
cent in two weeks and tho average Of 100 quo
tations by Coates Bros. is higher than 1t has
been at any other time since May 1898.
Pig Iron has risen further, S25 being quoted
for Anthracite No. l. the highest price since
But Hides are at the highest point since Jan
uary, 1873. having risen all the year with very
little reaction. Prices OF products have not
and Shoes We're higher in November 1895. than
they now Cotton goods were higher in
and even the products OF Iron, although greatly
advanced are not as high as they were in Jan
uary, 1890
such wide discrepancies in advance cause
much embarrassment, but are the natural
characteristic of a rise which is mainly due
not to concerted action in any trade, but TO
the pressure of consuming demand, the great
est ever known, which for the time exceeds
supplies though very unequally. It's results
begin 10 Justify the conservative feeling which
finds expression in many branches OF business.
The iron industry, which has led all others
in the ADVANCE leads the way toward a
read1ustment of values: While contracts for
pig cover the entire product of the most impor-
tant districts for six to nine months in ad-
vance many of the consuming works In some
lines approach the end of their orders and have
new competition to meet. so that sheets have
fallen 81 per ton at Pittshurg and 81 from the
highest point in September. and plates are Sc
lower there and Sc at Philadelphia. At the
same time bars 81 per ton higher, both at
Philadelphia and Pittsburg. the demand being
enormous and at Chicago very heavy contracts
have been made for car and implement works
A bridge combination is thought likely to af
feet future business in structural shapes, which
continues large for the season. A break In the
London market depressed TIN, and sales were
made at Is cents. Boot and shoe makers are
generally getting about the 10 cents per pair
advance they have held necessary, and have as
large contracts in most lines as they now wish
to close. In view Of the uncertainty about
materials. Leather continues very strong. and
in that also dealers not anxious for greater
commitments but the consuming demand
causes large sales in advance of production.
Wool has been very strong again though
against 2l,557. 800 pounds the week before; nut
large transactions elsewhere raised the week s
firmly Tor outside prices. Nothing like the
sensational rise of last week has continued
though still large. This and accounts of good
trade indicate that an extraordinary business
is expected for the next season
The rise in Cotton yet helps manufacturers
whose contracts cover production well ahead
but the buying has been mainly by traders and
based largely on expectation of a very low es-
innate of yield by the department While last
years official estimate not highly accu-
rate, the whole trade here and abroad then
counted on a large crop and was right
Wheat has not been very active nor strong,
although Western receipts have much declined
DelIlB f,JSi,Sut DuSnels lot the week. against
1924 CAS- bushels last year Exports are also
smaller. the Atlantic being 1853 637 bushels
flour included, against 3,33s, 500 bushels for the
week last year. and Pacific 1,1sS. 500 bushels
against 1.016,961 bushels last year. The decrease
in foreign demand may be ascrbed in part to
heavy previous exports. but perhaps still more
TO the great movement of Corn, $3.50. 104 bushels
for the week against 2,062. 331 bushels last year
Corn advanced about as much as Wheat fell
though with prospects of heavy yield.
Failures for the week have been 157 in the
United states. against 211 last year, and % in
Canada. against 26 last wear