The San Francisco call., 1899-04-22
BRApsrREEr's FINANCIAL REVIEW.
NEW YORK. April 21.-Bradstreets fnan-
o4oI Mill

NEW YORK. April 21.-Bradstreets fnan-
cial review will tomorrow say:
More or less irregular tendencies have been
shown in speculation this week. The crop
prospects have played a considerable part IN
determining the drift of sentiment and with
the pending uncertainty about the situation OF
the winter wheat and the outlook for the
spring crop there has been an apparent dis
position on the part Of the larger interests in
TVeII street 10 wait until q clearer view of
the situation can be had. The public inter-
est in the market has fallen off and profes-
sional manipulation has been neither so gen
eral nor pronounced. In fact some of the
traders displayed a readiness TO act on the
the slightest appearance OF danger me
Granger and Pacific stocks have consequently
been uncertain in their action. While the coal
stocks and some Of the railroad specialties
continued to be the objects OF bullish sup
port. The industrials. while not neglected.
were by no means as prominent as tneY nave
been for some time past. Money was on
the whole in better supply and showed increas-
ing ease. There is. however still not a lit
tie discrimination practiced in regard to the
industrials as collateral for loans and broker
age houses Save developed additional conser-
vatism about speculative dealings on margin
in them. The week has accordingly been with
out any sensational developments in connection
rather diminished volume of transactions the
standard stocks have supplied more than their
a factor of Importance. the only worthy incident
in the American market there being a rise in
Anaconda mining shares, said to be due to
heavy buying for American account.
DLN'S REVIEW OF TRADE.
NEW YORK. April Pr c. Dun & Co.'S
weekly review of trade will say tomorrow:
Nothing appears in business or in money mar
kets to prevent continuance of the heaviest
trade ever transacted al good profits. The pay
ment to Spain is supposed to have caused some
rise in foreign exchange which would amount to
nothing In any case, as balances due from other
countries more than cover the payment. and ad-
vance bills against the crop to come forward
in July and later will soon he offered. Loans
on industrial securities are still at higher rates
than on railway stocks but good CONNER
cial paper or railroad stocks money is in ample
supply and at low rates. Nor have stock opera
tions caused any appearance of pressure The
financing Of new corporations has passed so
far with less trouble than had been feared.
though the completing of some organizations is
financial troubles in the spring has passed and
the usual alarm about crops has done its work
and still industries undisturbed. The one
hindrance in stock speculation is doubt about
the crops. but better unofficial reports have
supported differences warranted by the heavy
receipts from the hrlns IN the west and
south Farmers do not send wheat cotton
to market in large quantities when crops any
where near them are extensively spoiled. Wheat
receipts have been 7,511 343 bushels, against
g. 206, SAB last year, in three weeks of April and
the improvement since April l is worthy of
notice F,xnorts have fallen off anountinP
from both coasts to only 6.774, IA bushels. -four
included in three weeks. against 10, 0,99. 122 last
year. and the price closes but half cent higher
Nothing but industrial depression is left to
meeting something very unlike depression. The
kind of ''lull' that appears in the iron market
rejoces the manufacturers. because they are
| crowded far ahead with orders. 1t means very
true, that many buyers do not want to CON
! tract far ahead at the high prices now asked
and also that many orders have been for a
time withdrawn. 1t also means that manufac-
turers who are so crowded that little new bust
ness can be taken are anxious to get nearer the
end of their engagements before fixing prices
for the future. Almost nothing is done in pig
iron. though Southern is sold largely at Chi
and PittSburg. Heavy demands for bars
to be used in and other works cannot be
met at Chicago. Plate mills there and else
where are refusing orders. Contracts for 5000
to eco tons structural work at Pittsburg and
some at Chicago are taken, though many others
are deferred, and shots less active because
the works generally too crowded. The coke
production Is still close to the maximum.
London speculation lifted tin to 25Mc, In spite
OF 4440 tons arrived here, and copper Is very
strong and scarce at 1870 for Lake, with 500
tons brought back from Europe. though the
United States production was only 2,9lS tons
in March.
Men who have held wool stiffy for more than
a year are selling freely at bottom prices, ad-
mittedly the lowest of the year. Sales at three
chief markets in two weeks have been %, 2O4,-
against Is. COG. 100 pounds In 1892 Territory Wool
200. 600 pounds. sold for export to England,
and 1,250. 900 pounds Australian in bond, which
has been held here fifteen months, fine wool
being very high there while crossbred is so
low that IL cannot be imported. With assur-
ance of better prospects for goods wooden
manufacturers waiting for the effect on
various combinations. The demand is not at
present very large, and considerable machin-
cry is idle. Cotton has advanced Isc. An ad-
vance of &c in some staple goods is considered
significant and may influence other prices.
Failures for the week have been 1S4 in the
United States against 204 last year. and % in
Canada. against 29 last year.
DIT, srcrpuu,--,c OAr upAn1- C,ON-rrrroD--