The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1891-05-09
BRADsTREET's REVIEW OF TRADE.
speculation Not So Brisk. But Americs
10 Very Prosperous.


NEW YORK, May s.-Br0dstreds weekly re-
view of trade says: Disturbed gold shipments
and apprehensive markets abroad and fears of .
financial stringency have created q strongly re-
dictionary tendency in share speculation. The
market during the week has consequently ex-
hibited cessation Of the buying demand which
has been in progress for some time,
and prices have suffered q measurable decline.
1t ID noticed that the professional element have
been bearish In opinion, IL not In action In fact,
the declines which have affected the market seem
to have been the result largely OF pressure to sell
stocks short, both for Europeen accounting for
the professional trading element here and in
Chicago The fact that railroad nsagnates ard
banking experts are inclined TO Es!nirsfzs
the effect OF gold shipments and to
claim that the money market Is unlikely
to experience any disturbance until the autumn
months, when the crop movement would create
real pressure for funds, seems Intellectual 70 en-
courage bullish speculation. On Friday the en-
gagements Of s. 600 coo of gold, with rumors Of
failure in Paris, created very unsteady feeling,
prices touching the lowest figures since the re-
action began. yet the immediate developments of
the week were of distinctly favorable character.
The outcome of the Western railroad presi-
dents meeting in this city was moro peaceful
and important than had been hoped for Never
theless the bearish tendency in prices has been
exercised mainly upon granger stocks, which
the most active, and declined from $50 to
61k, Burlington falling over points,
to below 81. and Rock Island suffer-
ing q similar decline to 76ls. Atchiron
was active, and was influenced somewhat by re.
ports concerning the attitude of the company in
regard to the dissenting holders of San Fran
cisco FIRST preferred stock Gould shares were
objects Of attention, possibly rejecting in
their course the intentions Of the financial
powers which control them.
Trade in the leading wool markets has been
dull during the week. The larger part OF the sales
which have been made were Australian woods.
Buyers are taking only the very best lots OF for
eign wooia Inferior Australian woods, of which
there is . large supply in this country. are a.
hard to sell as any poorer domestics. Dealers
who have handled these woods this year for the
first time have lost heavily on their specula-
tions. Manufacturers have taken foreign woois
only because of their superior quality.
They cannot use second-class foreign
wools at prices as high as the finest domestic
grades. Territories are stili in strong demand.
but owing to the scarcity OF good lots few sales
have been made There has been some move
ment in Ohio and Michigan woods, but not SUI
fcient to make values Pulled woods are firm.
and dealers could dispose of large quantity il
they could secure the wools Only small lots
are coming forward. and it win be several
weeks before enough win be on the market to
meet the demand. Carpet wools are reported
quiet but firm.