The San Francisco call., 1899-11-25
Dm's Re0ie1O of Trade.

NEW YORK. Nov. 24.-R @. Dun & Co. s
weekly review OF trade tomorrow will say:
Monetary anxieties have faded with sales OF
bonds 20 the Treasury Department under the
recent offer, the fall IN sterling exchange in
spite OF the dearer morey abroad and easier
here and the receipt Of about s75O.OO0 net from
the interior during the week. There is no
trouble in the commercial money market and
there has been and loans on securities
have ruled at easier rates. While the extraor-
dinary volume OF business throughout the
country requires greater activity OF currency
than In ordinary times there is no indication
that the volume has not been ample all the
year and the course OF money markets through
out the interior shows that the embarrassment
here has been due TO operations outside OF the
industries and general trade.
The iron industry shows no yielding in ma
terial. but little advance in Bessemer pig
at Pittsburg with large Inquiries for next
year. Prices OF rails maintained with one
contract reported OF 90 200 tons for Japan and
another pending for South Africa. a single
order for car axles covers g. 900. $500 tons.
Structural prices do not yield and angles are
quoted higher. But works which have nearly
or quite filled their orders seeking others
with concessions OF 81 per ton in eastern plates
81 in steel hoops and sheets and In bars at
Pittsburg. while cut nails are quoted 81 lower.
The general ratio OF prices Tor all finished pro-
ducts is now 23i per cent lower than Novem-
ber !. though the average for pig iron is /
per cent higher. Copper is unchanged. Tin
has been depressed TO s27 so by London specu-
lation. Lead is unchanged Spelter is lower
with at ~ 4U, ana aluminium is higher
at 30 cents for ton lots Heavy orders in the
past are reflected by shipments OF boots and
shoes amounting 10 2S1.272 cases In three weeks
lob per cent more than in 1897 and 800 per
cent more than in 1894 with other years still
smaller. New business is checked by continu-
ing rise in prices. which have reached in some
grades 20 per cent per pair. with large
contract In grain creole at 22ts per pair ad-
vance.
Sales Of wool pass all records. having been
at the three chief markets 81. .69i 203 pounds in
three weeks OF November. whereas October
sales in five weeks were hut 6s 3l4eSe mounds
and In only one other full month have sales
ever reached sixty million pounds. The trading
is largely between dealers and leaves no in
dication OF consumption The demand FOR
goods continues so large as TO encourage much
buying by mills In spite of the advancing
prices.
Wheat worried speculators with scarcely anv
change In prices for the week Though West
ern receipts are 20 per cent below last year $
for the week and have been In three weeks
but 1s SOS 973 bushels against ?S 5I4 199 last YEAR
the decrease In exports is heavy. From Atlantic
ports the outgo Tor three weeks. hour included
has neen only 7.1elisl bushels. against II.
Zoo.la5 last year. Pacific port exports for the
three weeks have been ZIP 457 bushels against
3.S6.sO9 last year. The slender foreign demand
IN Atlantic markets with prices low as they
nav" been tends strongly TO prevent n rise in
prices and the exports OF corn also have somc
influence, amounting for the three weeks 10
H,'h9,o3 pushels. AGAINST 77s2.053 last year.
In spite OF the great decrease in cotton and
wheat exports Of merchandise from New York
have been nearly $500 600 larger for the weak
than last year and for three weeks only about
when from All ports the value for the month
was sl2s. 1e7. 965. the largest ever known excent
IN December. nnd the excess OF exports over
imports was S1.701. is7 Apparently manu-
factured exports must now Ie very beayv al
though prices Rave been rising and the IN
crease In imports. though about IA per cent
h,Ianne ,ne .nonth. ,. cannot reduce the favorable
Failures for the week have been ls1 IN the