Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1882-11-19

tested BY pre-sUpGion ssetlsEs upou tn
traets IN question, and By The 6eeestar,
decided IN favor Of the STATE, claimant
In the decision made in the case O,
| the Central Pacific Railroad ~. Emer
son, which has boen decided Ia favor O,
EmsrSon by the Commissioner of tn
General Land Ofhce because of its anal
oRy to the celebrated Trspp case, thl
Secretary Of the Interior reversed thl
decision. One Of the reasons for thu
reversal IL tLat the land in this case i,
what ID known a. offered land, thus diff
fering materially from the Trepp case
where one offered section was con
cerned.
Cant Undersaana lf.
NEW YoRx, Nov. 18.-Thefe ID a con
tlnued Lack Of animation in the worlds
business, which cannot be easily ex.
planned to general satisfaotion. It ID
known that the country has really been
blessed Of soil, while the leading pro.
ductive interests are in active operation
thus afording employment Of labor al
good wages, and yet the condition OF
the market indicates the prsvaleuoe OF
mistroet BY large capitalists. The 70
duced income from government bonds
has resulted in the process Of plaeinc
the remainder of the national debt at &
low rate of interest, and is causing the
withdrawal Of a good deal of capital
that has been invested in these securi.
ties. Much Of this money is being in.
vested In real estate and other mixed
forms, which will yield better returns,
Building operations all over the country
have been exceptionally active. A larger
amount than usual has been drawn to
the West and South to cid in crop
movements; but after making all due
allowance for these diversions, there
must be largo amount of floating CAP
ltal, bot 1t requires comparatively a
large rate Of interest to bring It out.
This serves to hold speculation in check,
to inspire business men with caution,
which, however, is now q wholesome in
dicati0n. The dullness of trade is in
some extent due, no doubt, to the pop
ular belief that low prices are to rule,
and the disposition Of distributing mer.
chants that the actual requirements of
heavy importers has led to the accumu-
lation OF stocks of many kinds of goods,
and unsettled markets of farmers and
speculators who refused to part With
their crops except at prices which are
deemed extravaRant in periods of plenty,
has served to oomplicate and make the
business situation worse than it would
otherwise have been, had the fruits of
the soil been converted into money with
due alacrity. The prevailing business
stupor, however, may prove q blessing
by serving as wholesome restraints upon
the prevailing pr0digality.
Flour is irregular, and only strong
popular grades are firm.
Wheat has ruled firm throughout.
Lard 10 firmer, but other hog products
are dull and barely steady.
Petroleum, crude and refined, is low
or, and less active.
Spirits Of turpentine has further de-
clined, while rOsin is active, and n0mi-
nally steady.
Leather is firm and quiet.
Tobacco is dull and unchanged.
Raw sugar dull; prices nominal. Re-
fined has further declined.
Coffee is dull, and about steady; tea
easier; rye slow.
Spices are quiet.
PiR-iron dull and lower; tin steady:
lead dull.
There is fair business in foreign and
domestic wines and liquors, and with
moderate stocks prices, as rule, are
firm.
Fruits fair. A distributive demand
prevails for foreign dried, with indica-
tions that the prices Of raisins have al
most touched bottom. Other descrip-
tions also remain steady.
Nuts arc moving little more freely,
and prices remain unchanged. An auc-
ton sale resulted in &1.721< being paid
for loose muscats, and. 20 for London
layer raisins, and 3a6 for currants. Cal
ifornia products, in common with other
products, are quiet.
Wool inactive. Owing to the de-
pressed and unsatisfactory condition of
the WOODEN goods market tho sales indi-
cate 5000 pounds spring, 3@35; 500
pounds fall, 22@A.
Csllislen and Less Of Life.
New YoRK, Nov. ia disaster by
which seven persons lost their lives oc-
curred this evening ON East River. op-
posite Williamsburg. The barge Signal.
loaded with 700 barrels Of sugar, had
been taken in tow and was proceeding
toward the bay when she was struck BY
tho steamer City Of Worcester and q
hole stove in her side. She was taken
toward the Brooklyn navy yard. The
barge filled rapidly and sank before the
shore was reached. Those in charge of
tho ting observed the barge going down
and turned and steamed toward tho
sinking craft, and Capt. Taylor was
rescued. His mother, wife and three
children and the two deck hands were
lost.
A RoOllsh JQmD,
BnA1MoHAM. Conn, Nov. 18.-Wm.
Fl. Cunningham, workman at the Bir-
minQham rolling mills, this morning
loft his work, walked over to the blast
furnace, ascended to tho mouth Of the
stack, and awaited tho moment of
charging. When tho bell Was raised he
threw OF his hat and leaped into the
furnace. Deceased was formerly Of
Kentucky.
Treasury Receipts.
WAsHuoroN, Nov. 1S.-Since Nov.
there have been received at the Treasury
Department 81, ,8s6, 200 of 81 per cent.
bonds for conversion into per oent.
bonds. Previous to Nov. l there were
received $259, So, 800 Of 81 per cent
bonds for conversion.
Nan DeatinS - be Prevented.
WASHINGTON, Nov. lS.-Inlview Of the
exhibition given BY Sullivan. the prize
fighter, last night. the District Commits
iouer today instructed the pelioe "a
prevent al such exhibitions.
More ef The Markets.
Bosron, Nov. lathe market ID fairly
active, With more pressure to realize.
Sale OF lie. 900 pounds spring wool, Y;
new fall, 17@18.
Hides, very firm, but quiet.
Borax and quicksilver, UNCHANGED,
15OO barrels crude sperm, and 1900
bbls crude whale oil have arrived dur
ING the past few days, but no sales. Ex-
porters arc negotiating for some lots.
The stock Of whale oil in first hands is
Prices are hIn at s. cents.
Domestic dried fruits. dull.
Hons are high; prices current have
served TO restrict the demand. and busi-
ness during the last three days has
been comparatively light. The market
shows no signs OF weakness Choice.
new State growth, which are very
SCARCE, have sold at Sl.l5; common to
medium grades, nswe State, arc selling
at Sl(6l Is, and new EasteTn and state
yesrlinos at IS toc.4l.10 per pound ~ to
quality, and il looks - though prices
6ad reached the highest point, but deal