The San Francisco call., 1905-08-12
NET RESULTS
SATISFACTO
Dun Reports Trade Less Uni
formly Favorable, but Ad-
verses Only Temporary
MANUFACTURING ACTIVE
Railway Earnings Greater in
July and Foreign Com
merce Shows Big Increase

NEW YORK, Aug. u.-Dispatches to
r. G. Dun & Co. indicate that trade has
improved in the aggregate, although some
drawbacks are found. particularly at the
south and because OF labor controversies
IA several different localities. Shipyards,
carshops and electrical supplies are busy,
ano makers Of cheap jewelry have large
orders Pittsburg reports a quiet mar
ket Tor dry goods, but hardware is more
active
Kansas City reports wholesale trade in
creased and prospects considered bright
Al St Louis orders from travelling sales
men are heavy. Quarantine restrictions
interfere with New Orleans trade, but
real estate is active and building mate
rials in demand.
The striking telegraphers interrupted
the distribution Of merchandise at Min
neapolis, but trade prospects improve
with the maturity Of crops. Favorable
trade features are maintained at st. Paul
Trade is satisfactory at Denver, largely
exceeding last years but current pay
mcs7ts are only fair.
Despite much talk OF boycott San Fran
cisco reports heavy exports to China, and
other foreign commerce IS liberal while
real estate sales continue Unprecedented,
but the wheat harvest is somewhat disap-
ably larger than in any preceding year
showing gains over the corresponding
weeks Of 1909 and 1903 Total exchanges
this week at all leading cities in the
United States are S2,043 So, Dos, a gain of
S4.9 per cent over last year.
r. G. Dun & Co.'S weekly review Of
trade tomorrow will say:
Trade reports are less uniformly
favorable, but adverse conditions are of
8 temporary nature. and the net result
Tor the week is satisfactory Numerous
failures have occurred, eXerting the
customary perniciOus influence over
business, and the epidemic of yellow
fever is restricting Southern trade On
the other hand. the normal conditions
have facilitated retail trade, crop pros
poets have greatly improved and out
Of-town buyers are numerous in all the
leading markets Manufacturing plants
are active. the textile mills still occu-
pying the strongest position. Railway
earnings in July were IA per cent
greater than IN the same month last
year, and foreign commerce at this port
Tor the last week showed an increase
OF S3,917,390 in imports, while exports
decreased Sl,345,325. Little change has
occurred in the financial situation, rates
ruling easy. while prices of securities
have risen close TO the highest point
on record. Bank exchanges in New
York for the week were 47.S per cent
larger than last year, and at other lead
ing cities the increases amounted to
Ia Per cent
IRON AND STEEL.
In the iron and steel industry export
trade IS expanding, and several i'm
portant contracts are pending that will
add a large tonnage to the business Of
the mills when satisfactory terms can
be arranged.
Textile markets have had the slim
ulus Of an increasing attendance of
Western buyers At present the only
event that might weaken the position
OF cotton manufacturers would be the
cancellation of Chinese orders. as many
mills have withdrawn from the mar
lSet on account OF export trade. Woolen
goods are meeting with steady demand.
Western shoe jobbers have not
placed the customary amount Of spring
orders, owing 10 disagreement as to
values.
Failures this week number 22e in
the United States. compared with 222 a
year ago, and l9 IN Canada. against 33
last year"
I2radstreet's tomorrow will say:
Fail trade. stimulated by excellent
crop advices. continues to expand at
" holesaIe. Increased purchases, a wider
range of selection and some improve
ment in collections are noted East,
West and Southwest. Lines noting spe-
ciaI activity at the West are dry goods,
notions, hardware, lumber. groceries
and shoes
1908 WOOL CROP.
"Ealf Of the 1905 wool crop has
been sold. worsted manufacturers re-
port orders booked for six months. the
shoe and leather trades are doing an
sv-1v11erT cf
vanced prices, cotton goods sellers can
not begin TO satisfy requirements. and
l3r prompt shipment the finished iron
and steel trades show great activity,
and although there is some unrest in
labor matters the Industrial situation
reveals few important flaws. Taking
staple prices as a whole, the level of
values is at the highest point reached
IN midsummer for a period OF fifteen
years past.
Farmers are busy on harvest work
and retail trade is naturally quiet. but
an increased number of fall buyers is
noted in all the leading markets. Cot
ton bleached goods have been advanced
this week; prints are scarce and in de-
nand, and worsted goods sell well, with
mills reporting six months orders
raw wool Is shown over this time a
year ago"
Bradstreet's advices are that the
corn crop OF the South will be the best
ever made, and that the Southwestern
crop is well nigh assured. In the North
west spring wheat is being cut with
little or no complaint as to rust dam
age, and q good wheat and hop crop
is looked for in the Pacific Northwest
States California wheat. oats and bar
lev will yield below an average.
Business failures for the week num-
Der 166. against rs last week, 167 in
The like week Of 1904. 160 In 1908. Isl
In 1902 and 17S in 1901
SUIT Is TO BE COMMENCED