The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-10-19


cess.
New York. Oct. 1s.-R. C. Dun & Co.'S
weekly review OF trade, which issues to-
morrow. will say: The events Of the week
are promising in general, though TO specu-
lative markets not encouraging. The great
advance in cotton has arrested exports
and so deranged exchanges that exports
Of gold we're at one time apprehended. but
the break in the market indicates that
the natural movement OF the product may
soon be restored. The halting of demand
and moderate yielding OF prices in the
great industrial markets show that sea
son of reasonable attention TO natural
conditions has arrived. The cotton mar
ket has been partially cOrnered for early
delivery by New Orleans operators, as IL
has been twice in no distant years by
Liverpool spectators. Spinners here and
abroad with much unanimity refrain from
buying largely at current quotations.
Until the price recedes far enough TO
bring out liberal supply Of cotton bills
there will be possibility Of gold exports.
for other merchandise exports are small
from New York for two weeks, being ID
per cerN. less than last year. with inn
ports in the two weeks Of October 2 per
y
dutlable imports were I.2 per cent ana
for nine months SIS per cent larger than
last year.
Wheat does not go out freely. and the
attempt 10 advance prices on Monday was
followed by an immediate decline. The
Atlantic exports. -four included, have
been in the past three weeks 4.5oS. 400
bushels. against 7.24S 10 last year. and the
big shipments from Russia and or late
from Argentine show that the world Is
not obliged TO pay Atlantic prices for
American wheat. Western receipts for
the week were remarkably large, 7,1SS0o
bushels and for three weeks Y,b5s,s31
bushels. against 14.oi7.261 last year. The
rush of wheat 10 market and the largest
output Of -four ever known at Minneapo-
lis are not evidences Of a great shortage
in yield. but the price has changed only
an eighth for the week. Corn is stronger
without clear reason. for while the eX-
ports of the three weeks are 326,si0 bush
els. against 23s.703 last year, but an inslg-
nlficant fraction OF the great Yield can
have been disposed Of.
The iron industry is still fully engaged
in old orders. but new business Is so
scanty that many of the works are seek
ing IL at some concessions in prices, ana
the only contracts have been at SL'o 10
81 50 for bridge plates quoted at $3.50 TO =.
Quotations are not lower. though good
sell at s2l and rods at SIS at Pittsburg.
The wants Of business in wire and nails
continues. Mills have TO compete in big
iron and other products with spectators
who took large quantities on advancing
prices, aud actual consumption cannot he
fairly measured unless the Spectators
are out OF the way.
Textile manufacturers have strong
market for materials 10 support them, but
scarcely any advance IS seen this week IN
cotton goods. though the rise for the
month has averaged IL per cent. and
there seems such n halt as appeared
month ago in iron products. The prices or
some worsteds have been advanced be
cause OF advances abroad. but Il IS as
Questionable as ever how far the market
Gan be held by domestic makers. and
woolen manufacturers have not only 10
face foreign competition. but an especial
tendency OF popular demand toward
worsted fabrics.
Failures for the week have been e63 IN
the United States. against 25S last year.
and IS IN Canada. against 4S last year.
Bradstrect's Review of Trade.
Bradstreet's tomorrow VIII say: There
IS less push 10 the general commercial
movement this week, as is indicated by
others whose travellers have returned
from trips TO the West and Northwest
There are, OF course. noteworthy eXcep-
tons. Baltimore merchants find a rela-
lively more satisfactory trade. This IS
largely due TO the remarkably favorable
conditions at this point. In general the
VOLUME Of business appears slightly
smaller Throughout the West there are
favorable trade conditions. except north
OF Missouri and Kansas, where there IS
no change from the previous moderate
volume. or where recent weather Cond.-
ticns have checked trading somewhat
All lake ports report an active demand
for tonnage and firm rates. Kansas CITY
announces an active week IN commercial
circles. as do Chicago and 81. Louis. with
the outlook for n good seasons business
At the Northwest "hold your wheat sen
tlr7ert IS spreading. blt thus far does not
appear 70 have had much effect. Exports
% wheat from both coasts this week
-four included. amount to,2,40a,0o bushels
against eo4to00 last week, as compared
with Sia2 80 in The same week year ago
70o0o two years ago. and with 3.-,0.f0o
in the week ~ 1902.
Bradstreet'= stock Review.
Bra sstreet's review of the stock market
tomorrow viii say; Speculation on the
New York stock exchange for the past
week he's been altogether profess sonal
The ptthuc has been frightened by the
fear az "a c0llavse ~ the inflated mining
secur4ttcs az London This fear proved 20
bo Erouadless. and the foreign fortulEhtlv
settlement went over without any disas-
tors Whatever. A. the same time tbe Lon
don market IS nervous ard aUpreheuSiVe
Another DIS u~Aiug Influence vas found tn
the Sudden and rapid advance fra exc hanea
rates Gold shipments were confidently
expected ana bear traders put CUt shorts
on shat bass TIE Subsequent break in
exchange rates 20 NS1f. Is a Sufficient
rfes00 GER the latest recovery iH prices.
although t.e absence - any peh'5c buy-
ing 81 stocks checked any possible ad-