The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-06-22
TRADES RISING TIDE.
Good Crop News and Stock Re-
plenishing the Influences.
PACIFIC COAST NEWS CHEERING.
Irun and steel Mills Crowded with
orfers-wheat Drops 6 Cents-Suu-
mer's Inactivity Approaching.

New York. June e1-E. O.. Dun e Co.'S
weekly review Of trade tomorrow viii say:
From al parts of the United states the
best advices ohtainahle tell ot a rising tide
OF trade and industry which threasenS here
and there 20 mount too Tar and too fast
The volume OF Al business is by no means
equal 20 that OF lSss as vet. though in some
important branches IL Is larger than that
or any other year. The ialuenceS Of ire
nendous power contributing 10 the rise
are encouraging crop news and confident
repienishinE ~ stocks. which have been
for two years depleted 20 the utmost
Excepting the heavy rains in Texas,
crop reports this week have been highly
encouraging. Future injury 70 cotton can
not be predicted. but as yet nothing indi-
Gates anything below Iso0.oo0 bales. which
il not supposed 90 threaten famine II the
commercial and mills stocks are reTncnl-
hered. now exceeding by 25naeoa bales
fun consumption until September. Re
cetpts continue small and consumption
close 70 the maximum here and
abroad. though the marketing of Brit
ish goods is not entirely encouraging
Liberal purchases or all products by the
South do not indicate belief that any seri-
Gus misfortune impends. SO the stronger
trade in wheat-growing states accoris
with brighter crop reports. Reports from
spring wheat states and from the Pacific
coast are so cheering that, although the
loss OF winter wheat was large. those
whose estimates have been most accurate
in recent years now vary in predictions
from 4So. 600 coo TO 40 GO bushels. At
lantic exports for three weeks. flour in
cluded. have been only 3.TssTts bushels.
against 6,oo6. 80 last year. indicating no ur-
gent demand AT current prices. There has
been fall OF cents in wheat. with hcav-
Ter sales than for three weeks.
The rush for supplies in iron and steel
resembles a bear panic" in the stock mar
ket. Bessemer has reached sis,65 at Pitts
burg. II is undeniahie that works in ope-
ration are crowded with orders, and others
which have been idle for years are prepar-
ing To resume. AZ the same time the most
potent cause OF the upward start In prices.
the general belief that a combination of
coke producers would raise the price 20
$50 after July I. is apparently removed
by war among the producers and fan 10
SIS in contracts for the last half of 1875.
Failures for the week have been 2as in
the United States. against PA last year.
and 81 in Canada, against . last year.
Bradstreet's Report.
New York, June si.--Bradstreet's to-
morrow will say: Tho feature OF the
business week is the customary check 10
activity in trading in staple articles of
merchandise. due 70 the near approach
or midsummer, WITH the RECOMMENDING
stocktaking in some lines. In addition
90 this tho only other note not pointing
to Improvement Ia the reaction of prices
of cotton coal. wheat. -four. corn. oats.
pork and lard from previous activity and
higher levels. In almost all other sec
tons reports on the business situation
and the outlook are exceptionally favor
able.
Exports of wheat -four included as
wheat. both coasts, this week amount TO
2SI,So0 bushels. against 1.7is000 bushels
last week. which amount WAS exception
ally small.
The more active Pacific coast cities
are almost alone in presenting distinct
features Of trade each week. San Fran
cisco reports that hot winds have affect
ed the California wheat crop. which now
will not likely exceed 100000 bushels.
Fail trade prospects at Portland, Or.
are bright Tacoma announces exports of
flour, cotton and machinery TO the Orient
and lumber TO South Africa. while Seat
tie has sent largo amount of silver
money 10 Mexican ports. There have been
no special changes in tho condition of
general trade at Western and Northwest
ern cities, but the volume OF business
and general feeling at Milwaukee and
Duluth indicates improvement.
In the Southern states business contin-
ues at about midsummer proportions.