The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-11-30
The People Waiting TO See
What Congress Will Do.
RESERVE DOWN TO s7e,o 900, 900.
The Gold Shipments for the Week
Smaller Than Expected.
Iron Prices StiIl Falling, and the Pros
pect Tor a Rise In Wheat Not Good
Because Europe Is Not Buying Not
SO Many Failures.

80 Many Failures.
New York. Nov e9-Bradstreet's week
" review OF tbs stock market says; Three
causes contributed 10 4 better specuia-
tive feeling this week. with a partial re-
covery i'm stock prices. They were. giving
them according TO the influence they ex-
erted. the increased short interest. the de-
cline in exchange and the comparatively
small gold exports, and the recovery in
the foreign market. The two latter cir
cumstances seem 10 have affected the
imagination Of traders who had been SELL
ing stocks for short account during tho
preceding fortnight. and ~ SO narrow a
speculation, Interrupted as q was by the
Thanksgiving dav holiday. the tendency
from Monday 80 "Wednesday seemed 10 Ia
strongly toward covering such contracts.
The same feeling seemed 20 prevail on
Friday. though the market was very in
active. and for that reason inclined 20 sag
~ its own weight without hearish assist
ance. on the whole. the railroad share
list has been very firm. and at times
strong. the covering operations of hears
extending finally 20 tho lndustrials. At
the same time the market was a very mar
row professional affair. The proximity ot
the session Of congress and the fact that
the currency and finances will be neces-
sarlly the chief subjects before Il creates
uncertainty and tends 90 restrict specu-
lativc activity. There IS further dispo-
sitian 20 await the presidents annual
message and 20 note It's effects on con-
sress- The reduction OF the treasury gold
reserve 20 well nigh SS00oo.0a0 has been
partially offset nv the decline I'm exchange
rates and the fact that the gold exports
for the week have amounted 60 only 81
10000, I'm place or sum equal TO the
shipments Of last week. as was al first
expected. The result appears 10 be due
I'm part 20 the improvements IN both tho
political and financial situations abroad.
which checks the tendency there 10 call
I'm debt balances from this side OF tho
ocean. Among the incidents of the week
was the appearance OF some activity In
mining shares. "A number Of long dormant
stocks of that kind being again the OBJ
Jects Of a certain amount Of trading.
Railroad earnings have generally been fa-
vorabe. and, apart from the belief that
business conditions as affecting some OF
the Industrial companies are not what
would be desired. the news Of the week
has been. on the whole. fairly good.
Dun'S Review OF Trade.
r. q. Dun a Co.'S weekly review OF
trade VIII say: Business has not improved.
though there is very little change except
In the shrinkage Of prices. which a period
Of inaction naturally causes. After the
extraordinary buying OF the summer and
early fall. n marked decrease was inev-
liable. nd IL is yet too early IN most
branches Of business 20 Judge how far the
future was anticipated in purchases Re-
tail stocks are still reported fun In nearly
all branches with delayed distribution In
many on account OF unfavorable weather.
The movement OF crops is only fair both
cotton and wheat being largely kept back
IN the hope OF higher prices. and there is
a prevalent feeling that foreign imports
F.f4 aGf al. .
p large extent represent speculation and
supplies for the future rather than pres
ent consumption. have been az the three
chief markets during the past four weeks
- 295 oi0 pounds. against 1919. 100 last year.
245il-s2i IN 1893 and 2i.f57,6o0 IN the same
weeks or 1902
Tho iron market ia decidedly weaker
again. and Bessomer pig has de-
ciined 20 si2N az Pittshurg and gray forge
- Sl225 and plates 10 SIG AZ Philadelphia.
- that the average Of all quotations. Ia
about = n / per cent. lower than last
weeks The markets are really much
weaker than the quotations. as concessions
are generally given by manufacturers in
order % pet business. sharp decline
is noted IN harbed wire. attributed 10 the
fl'lure 70 complete tie expected combine.
Tho BAR Iron Association and tho two nail
associations refuse 70 reduce the prices cf
their products. although the demand has
hecn surprisingly reduced since the great
advance two or three months ago, and
thcre were rumors IN the market that ono
= tho big combines had gone 70 pieces
because ~ underseling by members. Tho
coke combination holds prices firmly. but
il has been Obliged 10 reduce its output
70 FIVE days IN the week, So that a decline
of n go tons for the week ls recorded.
Offerings of copper are less urgent. at III
cents FOR lake
The recoipts of wheat continue higher
81. r. q An A n BYfa H.
els. against 355. tB a year ago, and for
four weeks Of November % 9e2 5Zi, against
T. 07s last year As before, Atlantic
exports are relatively small and for four
weeks have been only s.27,t0s bushels.
-four included against e.7&2. t95 last year.
T. IN evident that with such movements
higher prices can hardly be expected. nor
can the exchange situation be fayorably
affected.
During the past week failures have been
% ln the United States. against 2s4 last
year. and forty-seven IN Canada, against
thirty-six last year.
Brnd@troet's Review Of Trade
Bradstreet's tomorrow will say: Tho
volume of general trade shows falling
of. compared with the preceding week.
largely owing - the Intervention OF the
Thanksgiving holiday. but in part 20 tho
continued mild weather IN the East and
South storms IN the central West, ana tho
usual Discrimination OF buyers 10 anu 10
stocks during the closing months OF the
wear. western jobbers report activity IN
clothing. woolen goods rubbers, shoes and
holiday apecialtleE. with some increased
demand for coal and light hardware.
on the Pacific coast smaller volume OF
business Is reported from San Francisco,
with shipments east OF wheat, which
strengthen the local grain market. Con-
siderable merchandise continues To 20 20
Alaska from Seattle. and at Portland COM
plants are made that the passenger rate
war bet veen that city and San Francisco
threatens 10 hurt local trade.
Exports OF wheat, -four INCLUDED az
wheat, from both coasts or the United
states and from Montreal. amount %
2 90 40 bushels, a. compared with 2,9ls..0
last week, . So. 10 IN this week a year ago.
40 Goo two years ago. and 4.5@3.G9 in the
week three years aro.
There were 2Ss business failures reported
throughout the United States this week
a noticeab Die falling of from the total of
thf. week before, Sz5 and even when com
pared with the total one year ago. 81. In
the last week of November. lE2. fhere
we're 2fs failures. and IN the corresponding
week Of Ise2 the total was 20.