The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-09-05

D1a'ssreet'> Weekly Review or Com


D1a"ssreer'> Weekly Review OF Conn
nserclai Affairs.
NsN YORK. Sep a-B-sSstreers tonsor-
TOW ~ say: There - 4 somswha, be-
ter tefe2ns among wholesale merchants
as 20 prospects Tor autumn sales n sea-
o.'Asae goods. tbs extends 10 some In
raj Anes. notably iron arS steel.
ago Sa-es % iron tbs week are larger
~-4aA iUr al e Aasust ara t'Egtso0rg SAFES
ar ar Asfser and Dr3ces better. o. the cut
4ook Tor harmony among steel makers.
nc mast mo1aa-e Increase OF sales or
seASoaaole goods has eeea q. Chicago
among dry goods and hardware toASers-
= LOUIS also reports 4 moderate demand;
50 does - Paul. where a state fair a.
tracts visitors. Baltimore wholesale trass
= checked BY restractioned hank credit.
OUT s siia larger than one year ago. A.
-as so2lh. relatively The most active de-
naAnG IS a. Charleston. Augusta. Nash
vile birmingham and New Orleans.
me more encouraging feature 70 rhe
movement Of prices les In advances OF
quotations for wheat on the stronger STA
dS1cAi position, and free export move
nent higaer prices gor IRON and steel a.
Pittsourg and Chicago, with a gain in de-
Enand and a further appreciation in quo
lalons Tor cotton on renewed reports oe
damage 10 the crop. Petroleum and leash-
er are also higher. Lead On the Pacific
coast. except n certain export lines. IS or
small volQIna
There were $50 business failures through
out The United States reported this week.
sixteen more than as, week Weekly to-
1als continue higher than in ike periods
IN preceding years. except IN 1856 The
tolA4 one year ago MAS is4. mo years ago
u was ~. wa3.e the ike
week In The panic year OF ls93 there were
SO business failures reported. - more than
this week
Exports Of wheat, -four included as
wheat. from both coasts of the United
States aud Montreal this week amount TO
S,pS.sfS bushels. against s.Sso. 600 last year
-'S'vo in the week year ago. So 1900
TWO years ago and &.sSE. oo IN The CORE
s2ondlng week three years ago.
Review of stock Market.
New York. Sept 4-Bradstreets review
OF the New York stock market tomorrow
Will say: The arrival Of some 81 90 co OF
the gold engaged IN Europe. and the an
nouncement OF further shipments from
London. have not been without their ef-
feet. nor has the street neglected the .sct
that the major portion OF the gold thus
Ear arriving has been turned into tho
treasury, raising its specie reserve from
less than SOL. 600, 600 10 $685. osD.1o. The
money market, too. while firm. lost
much OF its stringent and unsettllny ap-
pea k%liG apart EIpGn C01siaLrl
troubles IN Chicago. owing 10 the over
speculation OF local operators. there have
been no disturbing influences in trade or
financial circles.
Further qualification must be found IN
the fact that London has not taken an
active part in the bull movement The
Bank OF England has apparently offered
no opposition 10 the movement OF gold in
this direction. The total now exceeds s2c,-
U0.eo. and tho bank this week. up 20
Thursday, parted with over 60. 600 OF
its gold. with some considerable further
amounts since. Nevertheless the bank cd
not advance It's discount rate above the
per cent. limit. though in 1883 4, marked
UP It's figure 10 per cent and checked
the withdrawal Of gold 10 this country
American stocks IN London were longer.
but the public there still seem indisposed
20 buy them. Nor has the local public
been a factor in the weeks market Short
covering and buying for long account By
professional traders are the basis Of i'm
provement which. for the time being, ap-
peared 10 De sentimental one, and there
fore liable 20 vicisstutes \ and sudden
changes, IN spite OF The general belief OF
the street that the tendency OF speculation
has undergone a permanent change for the
better.
Bank Clearings.
The following table. compiled by 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