The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-05-09
BUSINESS ON A SOUND BASIS.
Gold Expo rts Have No Effect, but Con-
grese Ought to Adjourn.

New York, May S.-Bradstreet's to-mor-
row will say: Relatively unfavorable
features IN the business situation this week
include unreasonable cool weather. which
at some centers has checked trade; fall
ing OF in demand for lumber at st. Louis
and Minneapolis, and continued dullness
IN iron and steel. where. although mills
and furnaces are fairly active. there IL a
continued absence Of new orders. Chicago
5obbers report the weeks business in light
seasonable fabrics as only fairly satissac-
tory. transactions In clothing smaller than
in the like period year ago. and the
leather market weaker. owing to lack OF
demand. but light hardware relatively
more active. The favorable side of the
picture Includes a marked increase in tho
total volume OF bank clearipgs. q longer
list OF staples for which quotations have
~ improved prospects for cereal and cotton
crops, and a reflection OF tho more con-
ndent feeling as 10 the autumn's business
In an improved demand throughout the
territory supplied by 81. Louis. Kansas
City. Omaha, st. Paul. Minneapolis. MIL
waukee, Duluth and Sioux Falls.
Exports Of wheat. -four included. from
both coasts OF the United States this week
amount TO 1.ss2. 900 bushels, compared with
$4,000 bushels last week. 2.SoS 90 bushels
in the first week of May. 1885. 2.s1s.oo0
bushels in the corresponding week Of 1894,
and ana 900 IN the like week Of 1883.
There were 81 business failures report
ed throughout the United States this week.
as compared with "a last week. 20 In the
week one year ago. 1os In the FIRST week Of
May, 1904, and 10 In the corresponding
week OF 1881. There were - business fall
ures reported from the Dominion OF Can
ada this week. against Is last week. n In
the week one year ago. and % two years
ago.
Dun's Review OF Trnde.
r. O. Dun 4 Co.'S review tomorrow
win say: That the exports OF $3.50 900 OF
gold this week have produced no monetary
disturbance II at once proof OF the sound
ness OF financial conditions and of the
prevailing confidence in better things TO
come. Much Of the hesitation At present
Is due TO temporarily reduced demand IN
all Industries In iron ara steel the power
OF the new ccmbine Is being generally test
ed by refusal Of orders. 30 that production
exceeds consumption. but consumption ex.
ceeis new buying. The general Irregular
ity OF prices and slackness Of demand for
finished products do not prevent the mark
ing ND OF prices by com binations. but are
largely due to doubt whether such prices
a. Fixed can b maintained. Pig iron Is
weaker at the East and also At P1ttsburg.
and most finished products are weaker.
with remarkably narrow demand. Minor
steady and lead eighty lower and Amer
team tin plates % cents below foreign.
Traders in wheat have lifted prices . lit
lie. and vet nobody questions the correct
ness OF Western reports indicating more
than an ordinary yield OF winter wheat
and unusual progress In the planting Of
spring With thu narrow stock usual at
iris time OF the year. speculation for
advance always has many opportunities.
but Western receipts are stin 90 per cent
larger than last year. while Atlantic ex-
ports. -four included, are for tho week
90. ST. bushels. against i.sissoe year ago.
After A fail to ss1c the price rose about
Sc Corn is also a'shsde lower. but with
out dednste reason.
Failures for the week have been ga IN
the United States, sEinst II last year.
and a in Canada. against 81 last year.
Rradssreet's Financial Review.
Bradssrees's financial review tomorrow
VII say. puiiness Ia the eariy portion
Of the week was succeeded later on By
speculative weakness, with some Aqotda-
tons and bearish pressure The stock
market may be sad to have been ripe for
= moderate reaction as the recent I'M
provement hal been mainly founded upon
the belief that the ad soQrnmert OF con-
zress was near: that the foreign markets
we're ready TO Join In q ball movement IN
American stocks. and that emphatic de-
ciarafSons IN favor OF sound money on the
mart az political parties should inspire gen
erzi confidence. Waiting and uncertainty
are prove-biaily likely TO cuininats sn
more or less liquidation. and In the pres
ene instance the tendency has been IN
creased By the fact that. owing 20 delay
on the part OF the senate. an adjournment
of congress Is not probable anti next
month. while rot only Is London cscid-
esfFy sndlsposs4 10 interest itself IN the
American market. bat foreign exchange
IL in a position which facilitates tire sx-
rcrt Of gold 70 the continent. about