The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1891-09-21
SEATTLE. sept. IS. 1891

his is s9,o9366 in excess OF the total for the
previous week. The produce market was rather
quiet the past week and the stimulus IL wa. ex-
pscted the marketing Of the products of the farm
would give business generally can scarcely be
said to be realized yet.
Regarding the general financial situation
Henry Clews, of the banking house of Henry
Clews Co, of New York, in his recent review.
lakes very favorable view. In the stock mar
kets, he says: THE disposition to buy aud that
TO sell are about equal, and the condition of the
market is strong aud healthy The apprehen.
sions felt some time ago about the supposed
weakness of European finances have been dissi-
pated by large recovery of confidence and even
oy the revival of speculations, especially in
American securities, and IL Is no longer ex-
pected that any attempt viii be made by the
European banks TO interfere with the natural
course OK exchange resulting from unusual i'm
ports OF American grain, which removes the
distrust AZ one time felt as TO the return of gold
ana the consequent course of our fall money
market. The overflow OF our currency to the
interior turns out TO be lighter than usual, and
although the loan market may work into a more
active condition later, there is 10 certain pros
pect OF special stringency and no difficulty in
procuring tine loans for stock exchange pur.
poses,
tine crop situation has almost passed the stage
OF possible adverse contingencies The corn
september l, shows an Improvement over the
condition IN August and may be already CON
sidered as virtually beyond reaen OF fross, aud
the late storms nave caused but little discount
ing OF the earlier good prospects. The reports
oil damage TO spring wheat in the far West prove
10 have been exaggerated, and We may safely
count upon total yield of j75, 000,00 bushels OF
that gram, IN excellent condition aud OF better
than average quality. The reports of damage
from worms 70 the cotton crop have undoubted
~ been grossly magnihed, or that kind OF injury
is now SO largely under immediate control by
the planter that Ii Is no Logger the source OF
danger 1t once was Besides, even supposing
lhat ii loss 25J,UJ0 bales were to arise from this
cause, IL Is more likely, III view OF the present
large stocks, that IL would increase the total
value OF the crop than that IL would diminish it,
The general conditions of trade are encourage
Ing Inere are nowhere any specific COM
plants, nor is there anywhere a boom, but the
feeiing on ali hands is hopeful for Il good and
prosperous seasons business. In the iron trade,
the nrrner tone OF prices indicates the Begin
ming OF a better demand The increase in the
current cons umption OF coal is clear evidence
OF growing activity in our industries The
earnings OF the IA lroads show gaining rate of
increase over those OF last year, which is also
evidence OF steady expansion OF the CONNER
cial movement"
Regarding the crop and trade outlook. he
says:
At present the prospects are plainly towards
higher rates for money TO continue for the next
lew months; In fact. excessively easy money is
now about over until the middle OF next April !;
the only contingency to the contrary being the
possibility of a large refiux of gold from Europe
the condition OF the money market may force
out 'long" stocks and cause at least Temporarily
lower prices than those now prevailing.
Six failures in the state during the week were
reported at Bradstreet's local Office as follows
Bastness Assets Liabilities.