The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-09-07
GOLD RESERVE DOWN
Bond Syndicate Disappoints
the Treasury Officials.
A GENERAL FALL IN PRICES.
Except Of Iron, the Years Product OF
Which VIII Break the Record
The Corn Crop Safe.

received at the treasury department this
| afternoon stated that s.. 90. coo in gold had
been withdrawn for export from the sub
treasury az New York Slight gains, how
ever were made at Chicago and other
points aggregating s1sSa0, so the true
amount Of the reserve at the close of bust
ness was Sss 9ISs -. The cash balance was
SIS. 81. 1ss.
The treasury officials maintain their
usual reticence on the subject, but there
is no doubt but they were somewhat dis
appointed and surprised that the syndicate
permitted the days business to close with
| out making any deposit. From the first
the officials have confidently believed that
T 500 600 900 was the lowest point which the
syndicate would permit the reserve %
/ reach. and hence their insction at this
time IS not understood. There is. however,
/ no alarm felt, as IL is expected the syndi-
! cate viii come TO the rescue on the first
/ sign OF uaeasiness On the part OF the pub
| lie.
New York. Sept s.-The International
/ Metal Company Will export $50 900 of gold
tomorrow. ". III. CrossEnan 81 Bros. 81 80
GO Nesslage & Fuller 5000 Handy &
Hartman $4,000, Hard & Rand sl5o.ooo.
Bradstreet's Stock Review.
New York. Sept s.-Bradstreets stock
/ review Will say tomorrow: Up to last
Thursday the market continued to advance
and 10 broaden in a remarkable way. and,
though attention seemed 10 pass from
one group Of stocks to another. there was
evidence that the professional manipula-
ton which at present does duty for specu-
iafive leadership in Wall street attracted
outside buying power sufficient To main
tain the bullish temper. The high level az
which exchange holds and the continuance
OF gold exports, with continued selling
from London, constituted. however, a seri-
Gus obstacle 10 a permanent bull market
and justified the hesitation vi conservative
interests.
Bradstreet's Review of Trade.
New York. Sept. 6.-Bradstreet's tomor-
row VIII say: Favorable crop reports
from nearly all directions and the contin-
uance of the boom in steel and iron con-
tinue to characterize the general trade
situation. Latest advices as 10 the corn
crop have replaced Anxiety with confidence
in the larger estimates OF the size of that
crop, and satisfaction with the outlook for
trade this autumn. Harvesting and
threshlng are interfering with business a
little in the spring wheat country. Duluth
Minneapolis and ST. Paul jobbers in gen.
eral lines are pushing for new business.
South Dakota and Washington farmers
show no disposition 10 sell their grain
California reports perfect weather for
harvesting. The other side to the crop
! outlook is found in Texas. whers the worms
are said 20 have seriously damaged cot
ton in some sections.
Iron and steel prices have advanced
/ from 10 to 20 per cent. and the demand
| a. this time continues in excess of the
output. All finished products are begin
ming 10 show the effects or the higher
prices for raw iron and steel in CORE
/ spond advances. Western iron and steel
mills have orders TO keep them busy into
1896, and refuse to name prices for fu-
ture delivery. Apparently every mill and
/ furnace IN the country is at work, and the
fiscal year viii probably break the record
OF production.
Actual gains in volume Of general trade
| this week are recorded at Seattle and Ia
! coma on the Pacific coast, st. Louis and
| Kansas City In the West. Duluth and st.
Paul. Chattanooga, Augusta, Atlanta and
Memphis.
Dun's Review of Trade.
New York, Sept. 6-R. c.. Dun & Co.'S
weekly review OF trade SAYS: There is no
! real reaction In business. Gains which
were recognized as temporary are vanish
ing. but there remains decided increase
over last year, although prices average
SIS per cent. lower than a year ago. 1t
needs no keen observer TO see that the
| reaction against rapid advance OF prices
| IS strong Hides were the first 20 rise.
| but a decided break has come. Coke was
suddenly raised to $l.4o. but has recently
| sold at $40. Wheat jumped over % cents
! to 81. but is now slow OF sale above s..
| Wool was late in rising. but has lost
! about Il OF a cent IN average price within
/ the past fortnight. Iron still rises. the
! strike having hindered shipments OF ore,
but with troops guarding the ore begins
/ 70 move. coal IS strong, but has paused.
/ The general tendency TO curtail prices
where prices have notably advanced grows
clearer IN boots and shoes in wool and in
/ some products Ct iron. The combinations
have again advanced the price OF bar iron
! g per ton and OF wire nails 20 cents per
/ keg while Bessemer is quoted AZ $40 at
| P!ttshurg, and Eastern manufacture from
imported ore has again commenced 70 sup
! ply Western consumers. Consumption al
| ready hesitates. and railroads have rot
! much EXPANDED their demand for rails.
! Copper is also a shade weaker. with large
| supplies Tin with Is. 20 tons as the Wis
| tbie stock. domestic and foreign. and lead.
! with sales Of 100 domestic. Is lower. In
/ the boot and shoe industry many shops are
| discharging hands, and In wooden manu-
| features a few works are closing for want
! Of orders. Sales Of wool which have aver
! aged over 10. 900 900 pounds per week when
| crcat speculative stocks were being taken.
/ have shrunk 10 $50 80 for the week.
aglnst 7555 800 for the same week in 1892.
! The brightest fea.ure IN all the horizon
/ IS the certainty that the crop Of corn VIII
! be enormous Fr0sts can now affect only
I small fraction. and the surplus VIII 60 into
tho manufacture Of meals.
The latest rcpor-s u wheat threshjng
I Induced tho Western judges - raise Their
estimate OF tHT fi#tl 'Nft $1,000
/ els. and with +5oo oo added 10 20 epoeoo
j bushels brought over, the supply VIII ex-
! coed all probable demands
/ Fixtures for the week have been 1S6 in
| tire United states, against 20 last year,
| and In Canada S., against A. last year
rho Wool situation.
| Boston. SEPT e.-The Boston Commercial
| Bulletin Will say tomorrow Of the wool
! market The market IS steadier than last
! week Holders have found that cutting
! rates does not sell wool Consequently
| they have stuck more closely % quota
! lions and there has been fair retail
/ business The trade is waiting the open
/ ing ~ tha London auctions September -
! The sales az the week are 213 so pounds
/ domestic and e5S ofo pounds foreign,
| against 40o - pounds domestic and SIS
/ $50 pounds foreign last week. and 1851 80
/ pounds domestic and e,5eo rounds for
| eign Tor the same week last year.