The San Francisco call., 1899-04-15
DUNs REVIEW OF TRADE.

NEW YORK, April 14.-R. G. Dun & Co.'S
weekly review of trade will say tomorrow:
There is still increase in all legitimate
business and the productive power of great
industries increases even though some of their
stocks decline. The sharp reaction in specu-
lation week ago in no way affected the
producing capacity of furnaces or mills and
has been in part recovered, while the disturb
of business caused by the formation or
great combinations has In large measure
ceased. The money market is In safer ana
more wholesome condition, and in spite of four
heavy payments by large syndicates, amount
ing to about $50, 600 600, has grown easier. The
only stringency has been in call loans
1t is not owing to speculation alone that
payments through the chief clearing houses
have been so per cent larger than in the same
week of 1892 and 1888 per cent larger than last
wear New York transactions far exceed those
of anv previous week 81. ass, 5o2 700 in amount
but outside of New York the clearings were
AIS per cent larger than 1898. The truth Is
ness of the country has ever been seen before
and If such records only were considered there
would be ground for fears that wild pas
sion of trading had again lifted the whole
business community off its feet But instead
there is found surprising increase in the chief
industries. Naming first some OF which only
returns of raw materials imported give det-
mite indications, raw silk imports increased
81 per cent for eight months of the fiscal year
over last; hides, 40 per cent; indiarubber, 20
per cent; tin, p per cent, and hbers, ~ per
The output of pigiron April 1 was 245.746
tons weekly against 22S, 1876 tons March l, with
115 us tons decrease in stocks unsold and 16'6OO
tion in manufacture of 600 tons in March.
The haste of forty other furnaces to get into
operation, with their possible output OF 3O,Ooo
tons more weekly, has helped to keep prices Oh
pigiron quite steady, although strong, but the
demand for finished products is far from sat
isfactory The Maryland Steel Company has
orders for rs 900 tons steel rails for the Chi
nese Eastern. Large contracts We're closed in
structural works. one for 5000 tons, just before
the advance in prices but Chicago orders this
week covered 6O00 tons bridgework, and every
where there is much business in sight
Rar lindereQ
poets of consolidation, but though few orders
for bars are taken just now at the West,
the Philadelphia market is more steady. SteelS
bars rose 81 per ton at Pittsburg, and the
heavy demand for sheets makes prices very
irregular, with many orders refused.
The Connellsville coke product, 1T9, 16S tons
steady as before quoted Lake copper is
strong at SlS 80 and scarce, and tin went up
with London. declinging only 20 25 per cent
In spite of some strikes because wages were
not raised as much hands expected, the
cotton industry has very good demand and
most of the mills are working satisfactorily.
southern combination of fine goods makers is
proposed. like that of Fall River mills, which
has kept prices quite steady of late.
Woolen mills have begun to buy wool more
largely, though at prices much Of their own
making but there is improving demand for
goods with light weight purchases continuing
surprising for the season. Sales OF wool at
the three markets have been 16. 1892. 900 pounds
in two weeks. against S,SS50OO pounds last
year.
of injury discovered since April supplement-
ing the Government report Were the worst
of these stories true, there is yet spring wheat
seeding to make UP for deficiencies, though
the season is getting rather late. Exports have
been reduced, Atlantic flour included, amount
ing to 3, $50, $50 bushels for two weeks, against
2S5 1873 bushels last year, and Pacific to 564 562
bushels against 2093, ,942 bushels last year, with
other exports sos 37 bushels
Failures for the week have been 1873 in the
United States, against 254 last year, and %
in Canada, against IS last year.