The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-08-22

1ss@Ts4 l.st rear. ard Waite the increase
= s9aeearaEtzx Il Scarcssy corresponds
Ntka EGFTsz< accounts c2 = deficient YEc<sl
n sosze Gwn countries. The movement
OF cosa continues heavy. although tie
Prise : stu SO sow that enc wonders u ny
sas prSaa1et > pat into cars instead o. into
hogs
some additional heavy failures IN the
alrseer traee call attention - the contin-
1'ns depression which appears IS 10 re-
$50. AZ ae4sz IN part. from expectations
Entertained By many that The unlimited
.sacseASe IN rew buildings during the past
seaF OF two weulG ee permanent,
ne iron and ss>ei manufacturers report
o0aSno@d depression Bessens~ pir Ass
sod at Sass Al Pit,sbarg. wnsle southern
To1 . offered a. rrtees e-laIvas4os 10 SO
a. New York. ard nearly al finished prod
eess are being sold below the current 9ao-
Aaens Tasre IS 4 rapid eurtzilnseat %
pFeaac-or. the ll1aois Steel Co having
onSy seven OF iss seventeen furnaces a.
WoTk- but. II SPITE OF this. the supply %
nhssae6 produces scaears 10 greatly ex-
esea the demand Ter tAsas. The enc erIsst
s9et IL sale % s,aoa tors Of steel rails
20 daoaa for RESTING railways N thai
Se2n&rys Enteh MAKES an axgregata %
s.so tens exported dsTsng the year.
Nothing encouraging can set % ssse Of
woesen manufacturing. snd shs demand
Ter goods. even at Reductions Ia price, Is
SUI disappolntingiy small
sales OF woel al three oSthe chief mar
ksss have been only $50 80 pos1nas "A
three weeks. against i. 81 30 last year and
1ssSa.ss In the same week OF lss2
A heavy auction sale CT cotton Goo9s
brought prices whlch were considered quite
encouraging. and the current demand Is
fairly maintained. although the mills are
not inclined 10 make large contracts for
the future. IN view OF tina rise IN raw ma
tsrial. In general the work In force for
the textile branches does not appear 10
have increased
Bradstrsetss Stock Review.
Bra2street's review az the New York
stock market tomorrow VIII say: Speou.a-
ton this week has rot been OF a very Inn
portAns kind Legislation Is at an end
for the present. bas the public Is out OF
the market. apparently 10 stay until the
political situation clears up. and London.
IN spite OF favorable developments here in
connection with foreign exchange and the
beginning OF the god import movement. IS
more inclined 70 sell our stocks than 20
buy them. The market IS accordingly left
In the hands of the professional operators.
So narrow. indeed. has tt been TRAIT the
leading Representatives OF thisSclaSs have
encountered no difficulty in Manipulating
tuations have little other significance. The
condition of the money market has been.
OF course. adverse 20 bulltsh speculation
and buying by oonnissao honses- Time
loans are not being made, and the de-
pendence OF the street is upon call money.
The supply OF the latter IL large. and the
rates on the stock exchange, though
touching per cent. have been in the main
between and 5 per cent The unsettled
feeling and the continued calls for money
from the West and South. together with
the fear that many banks are below their
reserve, create a situation in which the
possibility OF a money squeeze Is not left
out OF account by the professional opera
tors. In addition TO this. tina tendency of
railroad earnings 10 decrease and tho
symptoms OF rate-cueting on q large scale
BY the Western railroads attract attention
and create further sentiment. On Friday
the market was depressed and nervous on
the prospect OF bad bank statement to-
day and rise In cali loan rates. The buy
ing on which the market was advanced
during the early part OF the week was
nearly all furnished by the short Inter
est Some OF the more venturseome trad
ers went over 10 the long side of the mar
ket "for turn" but such purchasers
were quick to sell out, even before the
first appearance of weakness. Bonds have
been firm and dull. There Is no further
liquidation in railroad mortgages, bat the
demand Is very limited.
Bank Ciearances.
The following table. compiled bv Brad
Streets shows the total clearances At the
principal cities and the percentage OF IN
crease or decrease. as compared with the
corresponding week last year.