The San Francisco call., 1910-06-04
Assessment on Ophir Weakens
COmStOCks---OiI Shares inactive

as Disappointing
AT these centers recorder business is light and
loDpers operations consequently restricted.
froDaDly the best reports as TO trade come from
the northwest and the Pacific coast, while the
Atlantic coast reports are of unsatisfactory re-
As the week advanced action by the govern
ment against railroad freight rates resulted IN
railroads. some of which were, however, de-
MED. These reports injected an additional ele-
ment of uncertainty into the industrial situation
There is more activity in iron Wool is
weak and lower on liquidation of old stocks ana
Cotton goods still feel the effect of contrast Of
hgh present prices, with probably lower future
quotations for material The leather and
snoe s4 trades are quiet. Building is active. but
May totals will probably fall behind April.
BUSINESS failures for the week ending with
June in the United States were 100, against
6V0 iast week, 191 in the same week of 1909,
225 in 1908, l55 in 1907 and 162 in 1906
Business failures in Canada for the week
numDer lS which compares with - for last
Week and 10 in the like week of 1900
rrrited hest, st including -four, exports for the
June 2 aggregate 1910. .6ss bushels, against
n,os4, 1.os l44 last week and 212S,199 this week
Corn exports for the week are ass. 74o bush
ees, eaoo against 945,3e4 last week and 56,l9s in
r. G. Dun & Co.'s weekly review of trade
tomorrow will say: THE gradually improving
temper of large business during the last two
weeks mas been checked by the irritating contest
rade situation can not yet be measured.
sharp competition in the pig iron markets
mas resulted in further price concessions. This
weakness is general in practically all directions
@ ana some producers VINO had been unwilling to
Ie"er quotations meeting the views
OF consumers. In the Chicago district basic and
liadieaole iron are most active. sales of about
oooVo tons being reported. while liberal ton
mage mas been taken at Buffalo at declines of
from 25c to soc per ton. Some furnaces how
ever, re1use to accept orders at the current
. leNei. ana in the Pittsburg market dulness is
again apparent.
The large demand for finished steel is fairly
wen maintained. Judging by the amount of new
business coming forward in structural lines con
struction work is being pushed with vgor es-
peclaly IN the west. Negotiations for rolling
s.ock s comprise locomotives chiefly. yet few con
tracts nave been closed. improvement appears
IN IA me wire trade. where demand formerly was
peiow expectations
cotton goods were affected adversely by the
k pIeak IN raw cotton, buyers hesitatng until more
s stapie condltons appear. A better inquiry has
9eeVeioped for certain lines of cheap dress goods
Ior immediate and future delivery. The warn
market rules quiet but cotton yarns show more
nrinhess- The trend of dry goods trading in
Urinary circles is conservative. but generally
speeanklng, values showing Il firmer tendency
roolWear conditions continue decidedly nm
% "a Aalslactory. New orders are of small volume
1l anu reserve orders in the hands of nlanv New
S.eiand manufacturers running low
ouli and weak market continues in all
kinds of hides'' " az