The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-11-16
The Demand for Iron and Steel
Ceases Abruptly.
FOOD PRODUCTS ALL CHEAPER.
Stock Markets Not Much Affected by
the Gold Exports.
Considering the Excitement I'm Europe,
the FirmnesS OF Our Securities Is
Remarkable-Bi Big Output I'm Pig Iron.
Despite rhe Decrease OF the Prices.


trade continues irregular and without MA
teriaI change. There is a distinct falling
of in the demand for iron and steel, With
perhaps the heaviest reaction in quota
tions tn those lines reported in any week
since the late boom in those metals reaoh-
ed its climax.
Central Western cities continue 10 feel
tho unfavorable influence Of unseasonabiv
mild weather. which Is true as well os
cities ar the Northwest. Then there is tho
long list of decreases In quotations for
merchandise and wheat, corn. oats. pork.
lard and coffee. among food products; cot
ton and print cloths and lumber ca, Ros-
tom. as well as for various grades Of iron
and steel. copper. lead and weaker quo
tations for tin plates. The converse m
cludes an unanticipated movement Ia WOOL
cn goods. increased orders for manufact<
ures. and higher prices for several quali-
ties az goods.
The total exports of wheat taour include
cd as whesO from both coasts Of the Unat@
ed States and Montreal this week aggre-
gate 1875 COO bushels. the largest weekly
total this wear since the middle of lasf
January. Last week the total WAS 25Ss.-
00o bushels. In the week one year ago ir
was :. 00a; two years ago s.6ts.o1 hush
els while in the second week Of NovemT
her. 1Se2. corresponding exparts amounted
to 2.942.0
There we're 279 business failures report-
ed throughout the United States this
week compared with 80 last week. $50 ia
the week one year ago, and $40 N tha
week two years ago and as contrastet
with only 2o5 in the corresponding week or
lss.
Dun's Review of Trade.
r. G.. Dun & Co.'S weekly review of
trade tomorrow will say; The scare about
gold exports had no real significance, ana.
although 81 25n. 600 more Will go out today
the stock market has been recovering.
There was and Is a substantial cause or
difficulty IN the fact that exports OF pro-
ducts have been too small 70 meet the
greatly increased imports OF merchandise
The collapse Of kRfhr speculauons abfoau
has forced many 10 realize on Americans
held and the impression that our goVerh-
uent may be forced to borrow again also
operates TO our disadvantage But thers
is no local disturbance Of money markets,
The oufrtft of pig iron November ] was
aI7 600 tons weekly. about 10 per cent. larger
than ever before. and a continuance or th9
same production for six weeks more would
mako the half years output $4,000 tons
more about $4,000 tons greater than in
any other half year. The startling fact
Is that the demand for products or iron
and steel falls on, Notwithstanding the
Increase IN the output OF pig, ana thouSh
only a few concerns have closed or reduced
work or wages on account OF lack or or
ders. prices are sinking. having declined
~ perc ent for the week and 6.t per cent
from the highest point. Bessemer pig, bill
lets, gray forge. bar. tank steel plates,
structural angles and wire nails have all
sold lower within the past week, though
quotations are kept up as far as possible
bv associations. Minor metals are on tha
whole lower though tin has stinened 1T
tie. hut lake copper sold NJ lis cents ana
Il weak Lead II decidedly weak, on ac-
count OF foreign consumption. ana 10
quoted at s317l4.
Bradstreet's Financial Review.
Bradstreet's financial review tomorrow
VIII say: The signs Of Improvement which
appeared al the close Of lass week have
borne fruit moderate advance IN prices
set in on Monday and the following days.
and a decidedly better feeling asserted u
self in speculative circles. The export OF
81 no 0a0 on Tuesday seems % have been
previously. discounted. but the heavy ship
ments OF the metal, amounting 10 N.199Np,
hy today's steamer. tend 20 check the pro-
gress of the bullsh movement. The latter
was indeed. almost professional. the buy
..Tg coming from the short interest, or from
large traders who sold .ut before the de-
cline attained headWay and we're thus in
pasttisn - take back their stocks. Tho
ealmer tone Of the foreign markets. the
subsistence Of the war scare, ana the an
senee of a manic in the Kaffir settlement
AT London. were factors IN causing a more
healthy tone 10 assert Itself here. Europe,
indeed repmc hased some stocks, particai-
Iarlv 81 Paul and LqulaVllle, but these
transactions represented a change 81 posi-
fion bv the bears and in no way indicmte
that the Indifference with which i.ondoa
regards the Yankee rails has been changed
Another circumstance which created appre-
henzion al the end ~ last week was ako
al dmsfed This vas the continued Aquda-
t3aa I'm local securities at philadelphia.
some Of which experienced sudden de-
elines as phenomenal IN their extent as the
brevlous advances. n IS understood mat
New York capitalists extended substantial
aid 10 sogle Of the speculative interests
in the PhHadsl.hia market. and "A rally
fhlre ensuea. which had an influence IN tho
tone OF our market