The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1899-12-02
Dml's ReVie70 of Trade.

NEW YORK, Dec. l.-R. c.. Dun & Co 3
Weekly Review OF Trade tomorrow will say
Business continues wonderfully large, pros
porous and healthy. As the detailed statement
Of failures 10y branches OF business cannot be
made until next week IL well 10 say
that In tour weeks failures nave been reported
amounting 10 s., S4S So. against IS n0i15 in the
same weeks OF last year, Sll,olo $50 III 1897 ana
the volume OF solvent trade represented by
exchanges at the principal clearing houses had
been for the month % per cent greater than
last year and 10 per cent greater than in lsS2.
Thus The ratio Of defaults To business lay
ments was 81 81 in 5000 for November. 1885.
and 50 70 Tor 1895 and s. Is for 1897. but 81 p
Tor 1885, and only so cents In $1,000 tor 1899
In many lines the volume OF business has been
larger than IN October, Notwithstanding the
extraordinary flood OF business ever since the
beginning OF last March.
Wheat remains weak, yielding one cent ard
quarter. although Western receipts were but
barely half last years for the week and for
four weeks only 2lIi3.j05 bushels. against
.. co. 7S9 last year. The great decrease In At
lantic exports for the week, only 24lO 5s-
against sle3 G6G bushels and for four weeks
1O,V5S.I75 against l7.SSS.2l0 last year. explains
much weakness. Corn declined one cent with
slightly smaller exports than last year for the
week. but four weeks Is. 265. 7ij bushels. against
] AS 0sS last year.
In woolens a strong demand for dress goods
and all-woul Cashmeres tends higher, hut there
is not much change In mems wear. nor sucn
a rise as 10 Justify the high prices paid for
wool. Sales continue heavy but largely speciI-
lative and stimulated by the rise In London.
The excitement Of speculation leads many TO
overlook the fact that purchases 81 goods are
TO some extent, hindered by the rise in rice5
already made
The iron manufacture has 10 meet n greatly
increased cost OF material next year. Prices
for 1900 have been fixed at s. 30 for Besseirer
ore at lower lake ports, against 81 q last year
and 81 . for nom Bessemer, against 81 last
year. while coke at 81 - for furnace with high
rail rates in every direction indicate that iron
viii not be made next year as cheaply rs il
has been. Prices OF pig stu advance ac-
cording TO the Iron Age. Bessemer 10 S25 at
Pittsburg with very small transactions and
grey forge 20 S2l .. quotations at other points
being unchanged. Prices OF some finished pro-
ducts still Yielding as works run out os
orders and compete with each other for that
business, and refined bar Is 81 per ton lower
ct Philadelphia. common Sc per ton lower at
Lehigh. and plates 50 lower at PHILADELPHIA
with further concessions In sheets because
many Of the tin plate works are now closed
Some OF the iron works about Plttsburg are
running half-tme.
The shipments OF boots and shoes in four
weeks have been 1897 cases. IL per cent
larger than In 1897 and SO per cent larger than
in 1894. exceeding those OF other years even
more But new business. although considerable
In quantity shows marked decrease because
OF the prolonged rise in prices. even though
that rise has been relatively less than the adj l.
vance in leather. which still continues. or in
hides. which has apparently been checked
again.
Failures for the week have been ia in the
United States against PSI last year. ans :, IN
Canada against 10 last year.