The San Francisco call., 1899-07-01
DUN's WEEKLY REVIEW OF TRADE,

DIIN'S WEEKLY REV ElN- or IEk9IiS-
NEW YORK, June So.-R. C. Dun e 60 $
weekly review Of trade will say Tomorrow:
Failures for the second quarter of 1899 have
been 20S0 in number against $3.50 last year.
with liabilities of $40 259, 600. against SS5
last wear and for the first half of 1899 failures
were 1852 against 6766 last year. with: ltablli-
ties Of $4s S11 coo against s7l 246.1S3 last year
Nearly half of the June liabilities are que 10
one failure. not strictly commercial, cover
ing some banking concerns. a promoter ana
a railway equipment company. for S. 10000, In
essential features a loan and. trust concern
With it banking failures amount TO Se,43e'VOo
for the half year. leaving for comnerclal
failures $42 275 0S3 against $751; 444 boy last year
Manufacturing were SIG 800, 900 for the nan
wear against $50, 76S. .144 last year. and tradlng
were S23 900. 0o6 against 1855, ,6Z6 last year.
The demand for iron and steel seems 80 70 Ia diae ~ .
no limit. Scarcity of pig has raised the price
a dollar per ton for local coke, at Chlcago;; g
81 10 $40 rs for Bessemer at Plttsburg go ~
81 - tOSl7 10 for GreyfDrge ana toc 10, HIS -; .
Tor anthracite No / at Philadelphia, with
some iron selling. above these quotauons AZ
ali pelnts for early delivery Efforts TO get
foreign contracts out Of the way are met by
fresh orders from Europe al last Week :
tracts for their whole year pI4uuet pf 49,, =, 90 90
others are yet delayed. Prices -ot pig aNerage
higher than at any other time since eoria 1ti :,
1890. ana prices of finished products ihsilsr @
than since March 1891. Billets are hardly OBJ
tainable bar and plate orders are refused quite
largely because works are oNercFo"deu.
sheet mills have much stronger demand at the
West .hut less at the East. and structural
works report 26.009 tons required IN two new
Eastern contracts The continued demand, in
spita Of rising prices, astontshes everybody.
Coke ovens II .453 at work. put out Tor the
week Isl S79 tons. the heaviest week WORK
ever known It ConnelVille. Tin is stronger at
26 cents and copper at IS cents for lake, put
lead is dull with hope Of an end 10. the Colo
rado strike. 49,.
Another industry passes all records, boots
and shoes shipments from the East 4UOSlJ
cases exceeding any other month OF any year
for four weeks and the demand for speedy
delivery shows enormous distribution IN all
directions. New orders are large and several
months ahead 90
$50 500 domestic. reveal a speculation
scarcely less chtrusIve than in 1897, when 81
100 900 bales were. sold in the same weeks,
against %, 76S. 200 in 1892, when the mills were
well employed.
cotton mills are doing well in spite Of the
fall in cotton, as the demand has given them
enough to do at current prices aid weak spots
in the trade are defended by the agreement
between Fall River mills. .-:.:,
Wheat receipts at the West in four weeks
have been q 69l 636 bushels, against 4,1ll,62o
last wear and Western receipts in June have
ranged between 794, 52S bushels in 1924 and
and Spectators and elevatOr-owners in farm
ing regions believe that about so cents here IS
as much as the old wheat viii fetch, although
exports have been for four weeks S,949,S3 bush
bushels last year. and 2445.I49 bushels from
Pacific ports. against ], ,S29, lO9 bushels last
wear 1t is not surprising that with such re
ceipts the price has dropped ll2ci and corn also
fell &c, with exports in four weeks, II, 4S5 596
bushels, against 12076. 103 bushels last year.
The cotton market is also weak with heavy
receipts and. good crop prospects ana declln-
ed 1-16c. :
United States, against 254 last year and @ in
Canada, against 10 last year.