The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-11-23
GOLD SHIPMENTS VERY LARGE
Nearly Five Millions Engaged for
Export Today.
he Reserve Down to Eighty-Two Mil
lion Doliars-The Treasury Depart
Action by Congress Unlikely In
crease OF business Failures.

IOrts 10 explain or attribute the check to
th-s or that temporary iafiueEce are al
wasted. In every business men now per
ceiEe the fact that purchases In advance
or current distribution. which were made
when prices were booming. involved Of ne
cessity a season Of hating when the rises
Stopped and until the actual demand for
Consumption has been measured. Products
are lower. without disturbance or sign OF
panic.
The more sober estimates OF wheat
months ago nose 20, ,00o0 0t0 or more above
the government and speculative guesses.
aad now reputable estimate Of 475,00e.1o
bushels excites little remark Western re-
csipts, .. .il5.S14 bushels n three weeks.
against l23l4674 last year. are So persist
ent tnat prices have again deemed about
] cent and Atlantic exports flour in
cIuded) are slightly less than year ago
Tor three weeks, 1853 745 bushels. against
4,si4214 last year Corn declined isc fur
ther. Pork products also have reason for
weakening, lard 15c per 100 pounds and
pork 25c per barrel
me opening OF clay worsted by two lead
ing mills at advanced prices has not yet
oeen followed BY others and il is doubted
whether foreign prices after the London
WOOL sales next week will be helpful
Iron and steel products are lower aver
aging ! per cent for the week and per
cent from the highest. Bessemer, anthracite
NO and bar are quoted lower. while sales
be.ow quotations are frequent. There is
competition for orders. most works having
little ahead. and new business is remark
ably small Structural work Is cut down
by me strike Of housew0rkers here. and
quite number Of mills. principally bar
nave stopped within a few days. The ass1-
cations reaffirm prices but do not sell
enough TO keep the works busy.
Bradstreet's Review of Trade.
Bradstreet's tomorrow will say: The
check 10 general trade. which has been
conspicuous for the past few weeks stiu
fonunGoS Unreasonable weather and
rains have intensified this feature. which
IS more conspicuous IN the South. where
the decline in the price Of cotton and he
consequent check IS shipments are held
70 oe partly responsible. But the demand
Tor staples is Increased by tbe appearance
or seasonable cold weather, The result he
ing larger orders for w0olens. shoes. rub
bers and holiday specialt5es
Exports - wheat from both coasts Of the
United states and from Montreal this
week. -four Included as wheat. amount to
Z.slse0 bushels. as against 3s25 900 Bushels
last week, 3.3l2,0o0 in tire week year ago.
Z''6ie1o IN the week two years ago. 3. .465. 60
bushels three years ago. and 40S2 900 in the
like week of 1891.
Business failures show arother marked
Increase, numbering 523 throughout the
United States. as against 20 last week and
20 III the week year ago. and 35S ia the
third week Of November. 1898 In the cor
responding week OF 1892 the total was only
1S5. The bulk Of the increase is in the
Middle and Western states Canada had
A. against 81 fast year.
Bradstreet's stock Review.
Bradstrect's review Of the stock market
viii say: Gold shipments and the foreign
political and financial complications have
kept up a bearish tone I'm the speculative
stock market this week. The Withdrawals
Of specie from the treasury for export TO
Europe have amounted 10 $7.35G.0o0 and
the treasury gold reserve is reduced TO
about SS3. coo 000. The strength OF the eX-
change market indicates that the outflow
is likely 20 continue. while IL is considered
improbable that the treasury will order
another bond issue. Nor Is there l1uch
hope OF prompt action on the part Of con-
RrsSs. Wall street has nor sh0vGa any ur-
usual apprehension over the goal move
uent II was Influenced 70 greater de-
gree by the belief that liquidation at Lon
don and Paris in mining stocks. aggra-
waited hy the fail in European government
securities due 20 the crisis in Turkey.
would Head 70 "a crash. This fear was live
" al the beginning OF the week u was
partially allayei by the more pacific as
pect which the Eastern question has now
assumed.
Enormous Gold ENports.
The recent Withdrawals or gold have re-
dured the free coin in the treasury here
10 a little over Sc, $4,000. and as further
Withdrawals might Inconvenience the
treasury the secretary last night author
lied the sale Of United States gold bars
20 exporters az q premium of one-tenih Of
par cent The bankers however. could
not afford 20 nay more than one-siNteenth
Of per cent premium. and after some
discussion tho. secretary OF the treasury
authorized the assistant secretary here
and the stlDPrintendeuj of the assay office
10 let cxuortc~s have hars at a premium
of oue-sixteenth Of per cent According
" about s. 5oa eip in bars was engaged by
u O'Clock There was some delay. ho"-
ever in selling the hars because the SUI
r,e~infeusent Of the ASSAY office was not
instructed 70 sell the ba's a the reduced
nrice until communication had been had
With the treasury oftc" at Washington
~{,V f~ wire Barring Magoun 4 90.
withdrew Saglo00 OF gold i'm bars from the
ASSAY Office through the suh-treasnry this
morning. in accoriance with the an
vonrceu7.nt made Yesterday. for export
tomorrow for the account ~ Nidier. Pea
botv & Co. of Boston making a shipment
Of 81 case 49, for III, Boston house tn 3i-
dttion 80 thfs sum. w II. frosSnau 4
p~, also took s.. es.'so iu goli coin from
tre et,h-t~~asurv for shipment tomorrow
r,eEfrr e. oa0 nea shipped IS taat erm this
- The shi0uents tomorrow beside
,toss. already mentioned va rs ~. .sie s>-'-
o.l bv Iazari Frer,s whl.H ~iA p-o'a0iF
D. increased so I--i'e" S.r''s" ~ t''i+4"i-
h,rh. rrkelheimer x Co. and $5"f" ny
Muller. S,.heu = 90.
.~- .--r.l..r .e n..Er ra-S-t rfu. e.
so advance Of al .r 81 --lal ra-es fer sn'rt
bn.s The Supply ~ commercial bills
,s-t5-aaS very f1at The actual sat