The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1894-07-14
NEW YORK MARKETS.


shADsTREETs EEyIEw OF TRADE.
NEw foRx. July l3--Bradstreet's state
menf OF trade tomorrow wall say: During
the greater portion OF the week the gen.
erai wholesale business at Chicago and
other centers within the territory tributary
has been practically paralyzed by the rail-
way strike. Large Eastern corporations
felt the effect of the restricted stock re-
ceipis OF live stock and meat, while West
ern manufacturers and merchants suf-
Tered loss through inability to secure sup
psies OF raw materials from the East
Tho railroad strike and boycott
In part repeated the effects Of
the recent soft coal strike, by shutting
mp large number of important
industries in the Western and Central
states through want of fuel. But perhaps
no more favorable time, from the point Of
view OF the merchant and manufacturer.
than midsummer of 1894, after the panic
season OF 1893, could have been chosen to
precipitate so widespread railroad tie-up,
when business was already SO generally
and severely restricted. A number of
small strikes are reported, but there are
5000 fewer idle men because of the rail-
ways this week than last. Iron, steel,
lumber, wool aud cotton manufacturing
industries at the larger Eastern and West
ern centers have practically no shipments,
and commercial travellers throughout the
Central and Northwestern states gener-
ally have been compelled to leave the
road.
The worlds stock of wheat has declined
during the past fourteen weeks about
5000 900 bushels more than during the
same time last year. which Is significant,
in view of the visible supply, and supplies
are almost exhausted. Shipments were
2.3sT, 600 bushels. compared with / $50, 900
bushels last week, 4, 1874, coo bushels in the
second week of July last year, and 2.5S3,-
600 bushels in that week two years ago.
There were 22i business failures in the
United States reported this week against
l6l last week. and az compared with 39s
in the second week of July last year and
i65 in that week two years ago.
All Western centers report railway
transportation restored, but that 1t will be
some time before anything like complete
restoration of the conditions before the
strike can be attained.
THE STOCK EXCHANGE
NEW York, July i3.-The share spec-
ulation opened firm and was strong dur
ing the morning and early afternoon. The
market began to be unsettled soon after
midday. The final dealings were. how
ever, in good tone. and the market closed
strong, prices showing a very general adj
vance from I. TO per cent. Ii was pretty
nearly taken for granted that the collapse
of the strike was near at hand, and when
the announcement reached the street that
President Debs had officially declared the
strike off the news merely served to hurry
the shorts To cover more quickly. The
buying became more confident, and hold
ers of stock were less anxious to part
with their securities except at
advances, and in this way the
actual ending Of the strike helped prices
to reach higher level. Sugar advanced
tx to 99is In the later dealings the stock
moved back to 9sss, closing ut liz higher
on the day. In the afternoon Washington
City advices were received, stating that
the conferees of the house on the tariff
bill decreased the spirits tar from sl.IO
to ST. As the whisky people have been
basing their calculations upon the SEN
ate bill going through. so far as regards
the spirits tax, there was a rush TO sell on
the unfayorable news, and decline of
2sS from the high figures of the morning
was quickly effected, with final recovery
OF Il, making the loss from yesterdays
closing ~. The bond market was fairly
active and generally firmer.
Rank cLEARISGs.
The following table, compiled by Rrdd.
ssreef's shows the total clearances at the
principal cities and the percentage of in
crease or decrease as compared with the
corresponding week last year: