Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1882-11-24
rAsTERN NEWS.
r.rrp PRESS DISPATCHES

S RVePDase1m8 AOese
vo,r Nov. 23.-No particula
M Mssnt In. l. noticeable IN the Cali
sa.I,ht market via Cape Horn
fs n berth load slowly. Th.
- .Sss there has bssn q falling OF
{ n shipmsnt Of ore ana faiiroat
10 articles that ass,steo yer.
-. sIlv IN in giving dispatch TO ship
nd for dead weight, OF course
- shipments Of plate iron, ce
- E ~ bat these cannot be depend
ns y, | regular lots, hence an increas'
= @ Thus far there has been n'
= -, delay in the dispatch OF ship
paln snt without a decrease in thi
e:.e.snt Of coal, which will hkeiy iol
~ @sooner or later. 1t 10 probable ina
- ptr,sa viii be fewer than Tor Ions
- The John Currier is the leadins
nne;: !. shs berth, and probably will bt
~ = hv he close of the month. Ratos
hs ..sa, and unchanged. The ton
- s.n1lv remains light, still bOtf
s...;a lines have all they require
~ ,emainder of the year. The
49, situation remains much as ont
s.sS ~ week. The distributive de-
saa q. oaneral merchandise Ia mod
49, S "a vith the accumulation o,
~, rr;cas of leading descriptions Al
[ ~. fsyor buyers. Fluctuations, how
~ hsve been for the most pari
5t ~ The fine, seasonable weather oi
~ - fev days has had a beneficial
~ rnon aome departments, but as q
ssois tps volume Of trade is below the
IN average at this period OF the year
ss.t there are some unfavOrable fea.
-. n the present situation is not ia
!. Ssnisd. Notable among these may
E ~ he mentioned tha depressed and
s..stisfactory condition Of the iron and
.soisn Goods industries. The phenom-
.".I demand for rails tho past two OF
slne years, which led TO a considerable
s,nansion in the capacity OF nearly ev-
- rolling mill in the country, IS be-
s;yninc 10 show the effects of Over-prO-
S.aion. and contraction now follows az
: hcicsl consequence. The reasons
s;,en by these northwestern concerns
~ limiting down are that a majority OF
- nev Congress will be hostile to the
sriatinq tariff on steel rails, and the
senersl public sentiment ID that the
euatoms duty must be reduced. The 70.
IN will be the enforced idleness OF
nsny employees at the beginning OF
viuter. The depression Of the woolen
soods Industry is plainly indicated by
- recent failure of several manufac-
mr;nc concerns in this State and New
Fnolsnd, with heavy liabilities over as
~ The causes which have occasioned
ihese failures and created distrust IN
peQsrd 70 others, is ascribed to the sin
eular mildness Of the season, which IL
sjd to have greatly lessened the con-
umptive demand for medium and
navy goods, and also to the backward
peos Of the demand for spring goods
for which this il usually an active sea.
ION. This condition of things'has nat
usally reacted upon tho wool market
which Ia ina depressed and highly nm
satisfactory condition, SO much 30. in
deed, that some of the principal dealer
are winding up their affairs preparatOr.
10 the abandonment OF the business il
which they have devoted the best year
Of their lives.
Stringency in the money market dur
inQ the autumn has, doubtless, had
sotnsthing to do with the present unsat-
isfaCtory condition of these and other
branches Of trade and industry, and the
strineency Of the money market is
mainly in consequences Of the 0ver-in-
ypGtment Of tho floating capital of the
country in new railroads and other great
sosks Of improvement.
Another Centennial.
NgwBURa, N. Y, Nov. 22.-The Joint
congress committee failed today to meet
~ local committees in arranging FOR
he centennial celebration. The pro
nam arranged includes invitations to
" President and Cabinet and Govern
- Of States. The Governors OF the
AiFteen original States are expected, to
teach accompanied by 100 men in the
inform Of the Continental army.
Railroad Land.
NV YoRK, Nov. 22.-The Northern
tledn Railroad Company, at a meeting
bday With the Land Syndicate, decided
eell three million acres Of land east Of
- Missouri River at a per acre.
Keene's Brace,
NV YoRK, Nov. 23.-Keene has been
st9viewed on the speculative situation.
= did not hesitate to say he thought il
enourd to talk stocks down after the de-
~ that bad been Witnessed, and with
fNfoads earning such enormous
mounts % at present. He confidently
9peosed the belief that an era of better
~. vas about to dawn for holders of
oakk The sentiment Of conservative
soaDa N Wall street is decidedly in
nsee OF higher prices. These views
- sxpressed by Osborne j. Co.. Work,
lug 4 Co., Gusgrave & Co., G. A.
enseally.
Baslness sf the Clties.
NV Yosx, Nov. 3.-Clearing house
anRes for the week show the fol-
u9 gains and losses in business
euons over the correspond M
~ OF last year: Gains-New York,
pd can't; Chicago, 30; Cincinnati.
fhhburgh, 77.2; San Frsncisco. Is:
- ~ Utisens, 8; Milwaukee, 3.9; Louis
~ -; Providence, 60; Kansas City.
81 hartford. l6.6; Memphis, Ia; New
n. u Peoria, 11; Columbus, 10 1;
eF, 7.S; Springfield. 2; LOWELL
~ SYRACUSE, N.2. Lo@ s,-Boston
Peg cent; Philadelphia, Sc; st.
~ !S; Baltimore, Is; Cleveland,
- ndlanapolis, l2.l. The Public says
- n9ures: The exchanges of last
i ~ !. vefe sery large, both at New York
~. wnere, and it is noteworthy that
~ ~ aggregate outside Of New York
Mteee than during the week ending
ssoer llth. Nineteen oities report
week, against IA on the 1lth, and
- = much less indication Of Wild
~. eteus speculation in products.
Iofk, however, speculation in
rampant, nearly ons-third of
vcosnRes are due to that cause.
outside Of speculation, il
S; o.ser than any othel of the large
s.: must be accounted an encour-
ympeom that the exceanQe at
are not again moro than
oy frantic oil speculation. At
~ ~ the minor towns the returns
ssence ss;s OF Large and speedy trade.
-R tnat OF any previous year,
OF these are manufacturing
Aad transactions at the chief
s.s oI dietribution are BY no means
This week Boston, Philadel-
@ Louis and Baltimore chow de-
Exchanges. Last week eight
waive chief cities fell behind,
{ gan hardly be inferred that bust.
~ ~ m IN entirely healthy condition
10y is more sustained harmony
tne oeuters of distribution oi
Charge Den1eA.
. Hp,lLH, ~, KY, Nov. 23.-Congress-
s5'sckburn says in reference to
paans against Speaker Keifer