The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1899-03-04
DUNs REVIEW OF TRADE.

NEW YORK, March s,-R C. Duns weekly
review of trade will say tomorrow:
The business for the past month the
greatest ever done in February. Clearing
house exchanges were about 81 600 600 600 against
s., 567 559,S44 last year, and 542 per cent
larger than in 1892. In all the years of weekly
commercial reporting there has been no other
week in which the reports from all parts of
the country have been on the whole so good
as they are this week. Moreover, during the
past week there has been a general advance
in wages. immediate prospective. At most
points the advance of 10 per cent or more was
entirely voluntary. 1t has averaged TO 10
per cent in tin plate works and about 10 per
cent in other cases, and as it affects much
over 100000 hands, 1t VIII ada greatly 10 the
purchasing power of the wagearners.
The returns of failures in February. while
showing larger liabilities than in January, are
highly encouraging. rather unusual num-
Der of large failures in scattered branches OF
manufacture has sweled the aggregate in
Guiding one concern for 81, 900 in electrical
apparatus, but in nearly all branches the
statement indicates a remarkably healthy con-
dition in spite of these failures, while in trad
ing the defaulted liabilities are smaller than
in January or any previous winter month for
six years. In prices the striking feature has
been the rapid advance in iron and steel pro-
ducts. resulting from demand greater than
the works in the country can supply All the
works of Importance have been crowded with
orders running to July and later. Belated
active, and these can add but little to
the output the markets have been entirely con-
trolled by the buying demand. All sorts OF
prices have been paid some for early de-
livery and for delivery after July, but
S13 30 is quoted for bessemer pig at Pitts
burg; $12 80 for gray forge, and at the East
S14 % is quoted for anthracite No /. Prices
of finished products have also been advanced
50 per ton for Eastern and Western bars
plates and structured FORMS and So for wire
nails. The demand has yet checked
and some heavy orders have been taken at
all points, at the highest prices named
but the export bushes is likely to be stopped
for the present. Holders of wheat have been
loralr lori
partment regarding stocks held by farmers
March J. but commercial reports indicate that
such are largest ever held at this date They
have to support them, the Western receipts,
which have been larger than for past years
in February for four weeks, 1871, 900 bushels,
lantic exports have been for four weeks II, S29
1856 against 9S7S $50 last year. The Pacific
exports have been SOS 1877 bushels for the week,
against 81. 1893 last year, and from other ports
1877 S2S bushels have been shipped during the
past week Rarely If ever has there been
but the price has yielded nc for the week,
although corn has advanced PC for spot, the
receipts having fallen. The textile industries
are making progress. There has been a strong
increase in the demand for cotton goods
sulting in further advances in the prices for
some while IN wooden goods a slight advance
appears, Notwithstanding a decline in the
prices of wool during. February. The decline
has not been general In wool nor has the
advance in goods. The heavyweight season has
willing to get on for the time as best they
can in the hope that larger demand Will come
from the clothiers a little later.
Failures for the week have been, in the
United States 1S6, against 191 last year, and
AZ in Canada, against 90 last year.