The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1894-04-07

AoeFeaee ~ Bank CieaFines-xAe 94xfkes
Acs Csfnverahiy.
NEw Yoxx. April a. Erodss~eef.s VIII cay
tomorrow: Special kilograms from inn
porsAns Distributing osassrs report the
general trsds quits irregular. the prsvioaa
gains having beea followed By shrinkagss
Ia many Instances. Chicago jobbers in
cotton dress fabrics. silks. hard ware.
clothing add lumber report increased
sales. but at ST. Lonis nnfsvorabis
wessher has checked the demand for dry
goods and millinery. Kansas City re-
ports considerable activity in general
lines. - does Omaha, where improved
weather and good roads have stimulated
bosinsss- Planting throughout Nebraska
II being pushed. bat shs crops nsed rain.
At both cities last mentioned live stock
tnssrssts have improved.
The industrial feature Of the week ID
found In thirsy-6ns strikes throughout the
country. involving u. 600 employees. prin-
ctpalfy among buiiders' trades at New
York and Chicago The textile Industries
st Paterson and New York. coal miners
and coke operators In Western Psnnsyivs-
MIA also struck.
While the bank cisarings for March ars
10 per cent larger than in February, they
averaged about $50 o0o. 900 daily. con-
srassed with si3s, o0o. 900 in February. Ex-
cept for February. 1884. and September
and Auzust of 1885. last months ciesrings
total b the smsiies. Of any month for six
years; Il Is 81 per cent less than in March.
1893. Three months cisasinss aggregate
$iI. OF. ooo. coo. 50 per cen. less than last
year. The hank clearings this week sggre-
gate about $3.50, 0oo. ooo, q per cent more
than last week. but the total is 20 per cent.
less than the like week last year.
Further advances in wheat are due TO
the scare based on frozen crop damagea
The monthly report OF the worlds supply
Of wheat indicates hat the United States
will carry over more available wheat to
July 30 than on any Ike date except in
1888. On April the worlds wheat stock
was smaller than one year ago, the like Of
which has never been reported since Feb
ruary, 1891. Exports Of wheat. -four in.
cludsd, from both coasts Of the United
States amount to 2.773. 900 bushels this
week, against 2 966, 000 bushels last week,
$3.50, 900 bushels in the week year ago.
and triis less than 3, 900 900 bushels each
in tho corresponding weeks two and three
years ago.
There were 100 business failures reported
10 Brndstreet's this week. against l96 last
week and is6 in the week year ago, 160
two years ago and la three years ago.
Reviewing the financial situation Brad
sfreet's will say: The feature of the present
week was the suspension Of foreign pur-
chasing. which furnished the motive
power OF tho previous weeks market.
Various causes were assigned for the sud-
den slackening Of interest Ia Americans in
London. and il was even suggested that
misconception in regard to the difficulties
in South Carolina had been effective In
this connection. The more reasonable
view of the matter Ii that the interest sud-
denly shown In our securities abroad was
largely speculative; that the speculation
WAS overdone and quickly exhausted it.
SELF In support OF this may be mel.
toned the foreign Investments dealt
in for bonds have also been Of
. less active character. At the same
time London has appeared only
~ . moderate seller and retains
for the time the greater part Of ITS pur-
chasss Of both stocks and bonds in this
market. The absence of liquidation from
this cause has. therefore. sustained prices.
and though the professional element made
several attempts TO bring about reaction
they met with no success, and seem TO
have only increased the outstanding short
interest. The trading was well distributed
throughout the entire list The support
was divided among a number Of commits
sion houses: IL seems to come from one
source, and that leads to the belief that
the Gould party are on the bull side.
Richmond Terminal, Missouri. Kansas &
Texas partook in the improvements. The
Granger and trunk line stocks were quiet,
except for some pressure which the bears
applied to the former early in the week.
St Paul rose from GIL. to Ga