The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-05-30
THE STATE OF TRADE.


rrsess sim FALLING ana Busssss Noe
Very Brisk.
New York. May s-H. q. Dun 4 Cas-
weekly rvsies os trs~se tns>orrsw viii say
TIE continued experts Of xcs.s amounting
70 sSsase this ~eek. are rs~arnsrea as
the ratarAl result 81 The borrowing aat
ircc~tsng early n the year. bot caas@ no
serious arrr~Asns i0n<. There a A general
conssStson that destructive schemes will
rct succeed, although al present political
uncertainties ca4se part % xne business
tAas rasgAt - done - ae pcssrcnea snssf
he fesure Is more clear. Markets Ter
products are weak r4tSer tAsn stsore. The
business done - snail aGs .Arxess govern
20 ny tire belief IN large ereps ara snsusa-
cisus demand.
Wheat has sxile. Z cents TAoura low
pr.ess bring larger Atlartlo exports thsa
a year agc. for the asx9 tine IN many
months I.Ss1s-s eashess. soar ineiGdcS. for
The ~e~s. sxNlass G.ssrss las, year.
il remains that for May these sx-
ports have been only 4ss7TTs Bushels. hour
Included. against 6iSs ~ lSsi year, while
western receipts as ser The waSk nearly
- per cent lsrseT taaa for weeks. Ssss kas
Bushes. against Sss4s-z last year Es,i.
mates vary widely, nat nohofy looks FOR 4
crop 50 short as 10 exhaust the surplus IN
sight
Wool sales. exclusive % q few speeGia-
I've transactions based Oh extreme sow
prices. are less than 20 per cent of =
weeks szsr consumption. aud for Nay
have been 2sil. 80 pounds. against ae.soo,.
80 pounds last year ana eeINsss n fssa
The iron and steel markets are weak.
with lower prices. because the demand for
Hni<acd products Is entirely inadequate.
Pig iron has tsilen over per cent. since
April l. but the average Of fsnssAes. pro-
ducts has been advanced Z per cent. Lower
quotations for Resseuser and gray forge ae
Chicase. with the stoapasc OF two-thirds
OF the furnaces "a Virginia. some IN PENN
syivanis and some others in the Mahonln4
and Shenandoah valleys. result from iiahi,-
isy OF manufacturers TO sell At prices
which their customers demand. Plates ara
weak. and there = no Improvement IN
sheets or reds. but beam makers haye
raised the price 81 per ton. making a silEht
advance In the average OF all prices for
the week II IL possible that rebuilding
after the disaster az 81. Louis may Affect
iron and steel markets extensively Tho
minor metals are all q shade stronger.
Failures for the week have been n IN
the United States. against 90 last year.
ana twenty In Canada. against thirty-fous
last year.
Br.dstreef'~ Review OF TRADE.
Brads'reers tomorrow win say: The I'm.
provenent IN the trade situation IN con-
nned to the demand for hides leather and
shoes. and the tendency Of prices Of same
to advance generally better feeling
exists among sugar producers and handlers
In Louisiana and Texas because Of the re-
cent sugar bounty decision General bus
mess continues quiet. and at the larger
financial centers less commercial paper II
making. even AT larger rates Between
seasons trade has begun 10 assert itself.
and from number Of points mercantile
collections are less satisfactory, and In
many Instances difficult
The price movement Is arain downward,
with pork and lard exhibiting unexpected
shrinkage. Cotton and oil are lower and
sales of pig iron and bsiieis nv middle
men have been made shade under nomin-
al figures. Wheat. -four. coal and print
cloths are principally unchanged. while
refined sugar and tin plates record adj
vances. Hides and leather are arm at
recent advances. and the tendency u up
ward
Exports OF wheat. -four Included Ar
wheat. from both coasts OF the United
States during the week amount to 30el 100
bushels. as compared with i,Ns.ooo bushcIs
last week. 2ies.ooo bushels In tho week one
year ago, 2-4oi.uD bushels In the week two
years ago. and i.sSs.oo0 bushels three years
ago.
The total number OF business fntlure0
in the United States during the week 10
~, as compared with ZIG last week. 14
In the week one year ago. 1s in the COR
responding week two year, ago. 2l4 IN the
like week of isas, and i6s In the correspond
Ing period OF 1852. Ths total number OF
business failures In CAnada this week IL
Twenty-Five. compared with twenty-eight
last week.
Brsdstreet's Financial Review.
Bradstrees's weekly financial review
says: Speculative Inactivity seemed to
fairly reach Its elimination In the present
week. The business of tho stock exchange
from day to day has been In the hands Of
small traders. whose position changes con-
stantly. but on the whole have been SELL
ers. with a consequent Increased cntstand-
ing short account. Elropeans have done
little In our stocks. The London market
displays = further booming tendency IN
purely homo Investments" and dsspo-
sition 90 put both conscss and British rail-
road shares 70 unheard-of prices. The 81.
Louis tornado and consequent damage to
railroad property was among ths discour-
aging factors OF the week. but the lead
ing place in this Connection was taken by
the continuance Of good SPELLS ard tho re-
6rction or the government legal tender
redemption fund 70 about sim. uo0. no. The
decision OF the United States court ~ 70
the legality Of the new trunk line combi-
nation has also had an effect. and would
seem 10 strengthen the Determination Of
owners Of railroad securities 10 hold up
their Possessions.
Bank f1earancse.
The following table. compiled BY BRAD
streets. shows the total eiearances et the
xfst ana h. ants NJ n