The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-10-12

Boom Is Coilapsing.
New York. Oct u.-Rradstreet's tamor~
row viii say. Cooler weather has stfmu-
lated a seasonsbie demand for dry goods.
millinery ana ciothing. and iohhers in
these lines IN all parts of the country feel
the improvements Relatively tho most
general demand has been made at the
South. where an Improvement is reported
III all lines. Interior merchants are piae-
ing more liberal orders than FOR several
years, and large distributing centers re-
port that sales OF goods 10 the cotton heie
and collections there1rom are eNceptional~
~ free.
The more unfavorable features ara
found in disa ppointment at the moderation
with which wheat is exported from week
10 week, the reported weakness IN pig
iron and steel biliets, and in the competi-
tion suffered by domestic wooleu manu-
factures from abroad. An examlnat lion
OF the conditions, however. indicates that
II reports of the size of the wheat crop and
of wheat stocks carried over be accepted.
the average weekly exports from this
country. II kept up. at the end of the crop
year Will exhaust the amount of wheat
available for shipment abroad. Exports
of wheat, flour included wheat, from
both coasts of the United states this week
amount 40 -a@44'sfa uNSHtiSt compared WIN
26i3.o1 bushels last week, 3,Sis,naD bushels
in the week year ago. 2.Ss2,n00 two years
ago, and S,625,eoo bushels three years ago
Dunn a Co.'S Review of Trade.
r. G.. Dun & co. weekly review of
trade will say: The price barometer gives
indications that are not entirely fayora-
bile. Cotton goods prices have increased.
and give evidence that the crop Of cotton
is short Prices of other manufactured
or nd all
show some decline. the general abate-
ment in new orders being the principal
cause. With an immense volume of buss-
ness, not much exceeded Ia the largest
month of the exceptional year is9s. and
with evidence that in several branches
the volume has surpassed that Of any pre-
vious year. there is a growing uncertainty
about the near future of industries. The
money markets are neither strained nor
threatening; foreign exchange no longer
raises apprehension; all fears about the
great Northern crops are passed, there
have been few advances In wages of labor
within the past month. and only few
works have been closed by strikes for an
advance.
The production OF pig iron October was
the largest in the history of the country.
20i, AS tons weekly. against 1ai2o9 Septem-
Der /. 5000 having been the highest in
1892 Stocks unsold are not stated. hut
substantially tho whole production is in
execution OF past orders. on the other
hand new orders are exceedingly small.
There is a marked decrease in almost all
finished products. Tank steel ss tower.
bar iron is offered by some at concessions.
plates arc not firm. the structural demand
has greatly decreased and wire rolls have
declined 81 10 SO. with lower wire and
much reduced demand for nails. Besse-
mer pig has fallen 81 10 si5 At ptttsbufg
and gray forge . cents aud prices uf iron
products average one-half per cent. lower
for the West. piscoutinuanre of ghe de-
maud. which could not he expected To con-
tinue al the same rates after prices had
risen ~ ? per cent. leaves actual oonsump-
tion in question.
In wooden manufactures demand for
dress goods and some rpecialties keeps
many fully employed but most 81 the
works making woolene for which new or
ders are scarce, find not enough 20 keep
them running To pile up goods 10 ad-
vance wholly ia the dark az 10 future
competition. involves such risks that
scrne consumers may close for 81 time. Yet
sales Of wool continue heavy. ui3t.tWt
pounds for the week. largely speculative
The cotton manufactures ~ peculiarly
favored by the rise in materials and by ths
extraordinary stocks of cotton brought
over from last year but goods are aiao adj
vancing
Wheat receipts have been Z, ,5sf. ~ BUSH
els. against 3tao,1Sl last year. and Atlantic
exports only 701. .619 bushels. flour includ-
Ell against eas .7s5 last year. The move
ment Duluth is ga heavy ~ to absorb
vessels and almost arrest more shipments.
Failures for the week have Included two
banks and several concerns % some size.
and have been 2sS in the United states,
against 231 last year. and 50 IN canada.
against q last year.
RradStrcet's stock Review.
Rradsfreet's review Of the stock mar
Eet tomorrow will say. White the latest
accounts from London state that the bulk
OF the troublesome accounts IN the min
lne market have heen liquidated. AMI tnat
= strong combine hrs been formed te carry
through the fortnightly settlement IN
Kaffirs the situation there has given rise
10 great uneasiuesa. which has been re-
nected fn orr own market, ~ present.
thanks 80 the absorbing character ~ ths
mining market. London has - very small
bun account IN American railroads, and.
even though Inc kaffir bubbles come TO
their natural fate. the influence or our
market cannot 20 prolonged The senti-
mental effects however. must not ba min
luized. and not the smallest hnaettiins
element in the case is the fact That FER
lin and Paris have both caught the iufee-
tlor the houldation in fact having start
ed al the latter capital The effect Of ths
foreign situation has heeB 10 SIN Further
restrict outside participation in the mar
ket and 20 give u bezrish tendency 90 tbs
operations Of the professional traders. tina
expectation Of higher money rates also
having Encouraging effect. and tie APP
flearauce Of a rate-cutting contest among
she Western and Northwestern roads acts
Ak an offset % the large crops. Railroad
earnings show some Improvement
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