The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-12-12

~ Il 34tt. 44-0- FR<te4 asa pelTc-& cam
Comparatively STEADY quotations are re-
ported Tor wooi nEsar osossa lumber. porx
and Sugar. Coffee i higher Many WHO
nsvs been extremely Sslllisn as 70 wheat
rTcas regard a reaction as likely. net
outstanding tho eusleck tor great arrs-
ness ard higher quota Tors during .hs lat
Ter part than during the tlrst part OF the
current cereal year. TIE cola pse OF i'm
pera1ng dissolution OF iron ard steel
pcoas o. combsns lions encourages q belief
rar prices for those metals VIII range
orders
Exports OF whsas esour ineluced as
waeSI from both coasts OF the United
States his week show 3 marked increase
- compared with preceding weeks ana
correspond iax weeks In preceding years
amounting 20 l. 80 ga bushels, contrastea
with SsSs.ea9 bushels last week = rs oea m
she corresponding week last year. 90
"a me week TWO years ago, SS1-9oo three
Years ago, and as compared with 8 ri coo
IN the corresponding week in 1892. Ex-
ports OF Indian corn this week are also
neavy. amounting 70 Ss4i, rs bushels.
twice as much as In the preceding week.
nearly 80 per cent. more rnan in tho cor
responding week LAST year. ana very
snoch more than Ia Ike weeks in the
three preceding years
There are 81 business failures reported
IL ths United States tAis week, another
increase as compared 70 tho average
"a resent weeks: z more than last week;
q more than IN tho like week one year
aso. but less than In the second week
OK december, 1884. although a more than
Ia the corresponding period in issS. As
compared with tho like week IN lsss. the
increased number OF failures this week Is
s.. There are q business failures report
Cd throughout the Canadian dominion
lAls week. fewer than last week and
more tnan In the week year ago.
Review Of the stock Market.
NEW YORK. Dec. u--Bradstreets re-
view OF the stock market tomorrow viii
say.
Congress- having actually assembled. tho
much OF Its fear regarding the aefion OF
that body, Ind its influence upon the
financial situation. The professional Wall
- ssS operators manifested a disposition
70 sell last Monday on the appearance OF
the Presidents message. on the ground
that thu treatment OF the Cuban question
vas not as conservative as bad been ex-
pected, and that his reference 10 trust
organisations would encourage attacks on
the lndustrizls, not only in congress-, but
II the state legislatures. The message.
however, produced little or no liquidation
OF long stock. and the introduction as
soon as congress GET 10 work. OF O variety
or resolutions In reference TO Cuba had
practically no effect. In fact, the street
seemed TO be under the influence OF re-
ports from Washington indicating that
the present congress was unlikely 20 take
positive action Of any kind In the short
time that remains OF it's existence. Hold
ers or stocks seem unwilling 20 sell. and
Dearish manipulations simply Increase
the short interest and create a foundation
for rallies. Europe has taken no part In
the speculation here, and the weaker tone
OF the foreign exchange market has been
without any influence on stocks.
IL. q. Dun n Co.'s Review.
NEW York. Dec. n.-R. g.. Dun q
Co.'S weekly review OF trade win say'
Tho approach OF the holidays. and
doubt about tho action OK congress have
put of further improvement, until the
In working force. they are wanting for
commensurate gain in demand, and men
are trying TO clear away embarrassments
sa. ' weakened s With Wth eas S ssSny I news
from other countries. and larger Western
receipts. though only 3sei 34 bushels,
against Secs. f04 bushels last year. Dis
appointment about the break in prices
may help to Increase receipts. Atlantic
exports were but ., I55.65l bushels. -four
included, and for the TWO weeks have
been but s,54S.ils bushels. against Ale. as
last year. Pacific dispatches show that
exports continue very heavy, and that
about 10000 tons more are available from
California; The market has declined lac,
and the decrease in the demand for rour.
with higher rail rates, has closed nearly
ell the Superior-Duiuth and many OF the
The iron output for December was i42.-
27s tons weekly. against 1901 November
i and 1851 q year ago. and unsold stocks
reported were 81. 800 tons smaller than on
November /. but this does not include
stocks OF the great steel companies. Tho
industry Is for the time demorsiized by
uncertainty regarding the great combina-
tons. The formal withdrawal of the Bel
laire company broke the billet pool. but
a meeting is in session t. reconstruct II.
If possible.
The beam makers also meet this week
to revive. IL they can, thar compact, and
the steel rail workers viii meet shortly
with the prospect that that important
kept together. prices VIII have to be ma
terially reduced. The bar association
scarcely pretended to controi prices,
which are slightly lower this week for
steel. and the rupture OF the national as
ISOLATION for the time left the bar price
for wire nails about a50 at Pittsburg.
with extra charges on ordinary sssort-
ments averaging Il cents, against sass
paid last month. with extras averaging
70 cents. Until the future influence OF
row row. trading must be expected. and Bes-
semer pig and grain forge ore slightly
lower. Minor metals are generally weak
er. tin at n2,so copper at sn.as for lake,
Sales of wool IN two weeks were 4s7s.-
800 pounds. against II. pas. go last year ana
10 ssa.7 100 IN 1892 and are this year largely
between traders. As the mills ind az
present little encouragement 10 buy. and
London Gales are shade weaker. quo
tations are not changed, though moro
frequent concessions srs reported.
Failures for the week have been $50 In
the United States. against 2ss last year.
ard q In Canada, against II last year.
Bank Ciearfngs.
The following table compiled by Brad
streets shows the total clearancss at the
principal cities. and the percentage Of In
crease or decrease. as compared with the
corresponding week last year:
Inc. Dec.