The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-12-21
WAR Is NOT EXPECTED.
The Business Crisis Not the Re-
suit of the Message.
MANUFACTURERS AGREE ON THIS
Europe Not Buying Much of Our
Wheat, Even at the Low Price.
The Prico OF Iron Being steadily Forced
Down Failures More Numerous
Than Year Ago The Prospect
Not Encouraging.


Not Encouraging.
New York. Dec. e0.-R Representatives OF
BradStrVets 81 thlrtY-three cities inter-
viewed many scading manufacturers and
merchants on Thursday as 90 the effect.
present cr prospective. ON trade of the ia-
tern&Uonal situation precipltasSd 10y the
presidents narSsaEe. the message itself.
and as 20 the probability of actual hostili-
ties. In no instances. 50 far as the inter
views extend. IS war considered the prob
able outcome SO far as the effect on busi-
ness is concerned. Eastern and Western
manufacturing Centers report no effect is
felt whatever.
Bradstreet'~ Review OF Trade.
Bradstreet's tomorrow will say: The
general business situation has been affect
ed hy the precipitation OF possible cVmpli~
cations with Great Britain. The first TO
feel this VIII De prices Of cotton and
wheat. The serious nature of the presi-
dents statement of the case has had the
effect here and in London OF causing FREQ
selling of securities, even in spite Of the
fact that expectation of war is slight.
The most unfavorahle effect is the con-
tiuued negotiations and the uncertainty
which must exist.
Total exports of wheat. -four included as
wheat. from both coasts of the United
States this week amount 90 s.06a.00o bush
els. compared with 2. 000 bushels last
week Exports OF wheat from the Pacific
coast show a sharp decline. as compared
with the preceding week.
The total number Of business failures
throughout the United states as reported
TO BradstTcets for the week aggregates
S77 as compared with $50 last week. 800 in
the week one year ago, and $50 two years
ago.
Dun'S Review OF Trade.
r. @. Dun 4 Co.'S weekly review OF trade
win say The strong Americanism Of the
presidents message has given its char
acter 10 the week. Popular feeling was
profoundly moved. but, excepting in stock
and cotton markets. business was remark
ably dun and scarcely affected. Selling cf
securities held abroad was a natural first
impulse, though the sellers are not unlike
ly In time 10 discover that no other securi-
ties are safer from international compli-
cations than the American. Coming at a
time when nearly all the produce markets
are inactive and industry unusually dun.
the disturbance has affected values much
less than might have heeu expected
Not because OF any forS@gu question, but
solely because ot Influences which have
been in continuous operation Tor months.
prices of manufactured goods continue 10
decline. There Is no great change IN boots
and shoes. and in some branches the de-
mand appears little better. though grad
uaily lower prices are offered. and lead
iobhers TO look for prices stil lower Ship
ments from the East are onc-cighth small
er than hast week, but thrce-foiirths larger
for the month to date. Leather stin de-
clnes. averaging 2 per cent lower.
Prices OF iron and steel have fallen about
3 per cent for the week and are now
per cent below their maximum Ressemer,
pig ana gray forge aup most kinds OF tiu-
shed products having yielded more or less.
Purchases by the great steel companies. II
is now evident We're much III excess of
their actual consumption. and II is believed
that some furnaces win suspend production.
Minor metals are weaker. copper being Of
fcred al 10 cents net. The American pro-
duct'on I'm November was 1880 tons. aad
the foreign 20 TS tons. Lead IS weak AT
3 ~ cents. and tin, after a rise IN price, is
selling az k3.75.
n sounds strange 10 hear the many com
paints Of slow collections and scarcity of
money al the West on account Of tardy
movement Of products from tine farms,
When the receipts In three weeks have been
l425S sl3 bushels. while Atlantic exports.
-four included. are only 5Sl2.33I, against g.
A. 100 last year,
Failures for the week have been s77 I'm
the United States. against si9 last year, and
q In Canada. against So last year.
Rradstroet's stock Review.
Eradstrect's s1ock review says: Tha
Venezuelan question has been the occasion
OF the disturbing Of stock values London
has sold freely its stock offerings amount
ing 20 about 101.e0 shares. There has glso
been liquidation or large scale by hold
ers Of stocks here. while the declines forced
out a great many stop orders and weakly
uargined accounts. The ludispOsition TO
purchase was no less marked than the
selling pressure. though q should also be
motel that the traders are almost entirely
heansh In sentiment, and that the short
Interest has been seriously increased. 4
feature was the cancellation OF foreign
standing orders - buy bonds. The de-
cIucs have been very general. Industrial
stocks suffering equally with tine securi-
ties 10 which London was a depressing
factor.
or the whole the street is not inclined
10 think the complication with England
over the Venezuelan boundary question
wll result !n war Nevertheless the Jros-
poet of q long-drawn suspense .reate8
great speculative uneaslneEs. the refep-
tor, ~ the news abroad having "a very
nufavora1ia effect on specuators and in
vcstOrs.
SCI, the nov goods lus' IL az Cowley's