The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-01-11
TRADE OUTLOOK NOT GOOD.
More Failures Than Year Ago =
Merchants Not Buying Literally.

row VIII say: General trade has not I'M
proved appreciably. Some wholesale
houses are sending ont travellers, while
others have not completed taking stock
account Mild weather at Western points
has interfered with business in some In
stances and the week continued TO present
characteristics of a between-seasons pc
Rod The impression IL general that uncer-
tainty as to financial acton by congress
and disturbing political conditions have an
unfayorable influence on the prospect for
new enterprises. Mercantile collections in
the East. West and Northwest are COM
planned Of and in the South the COMPARE
tive ease with which they are made forms
a conspicuous exception. The demand for
funds at various Western centers Is the
most active for year. Stocks OF whole
salers at many of the larger interior dis
tributing points are low First advices Of
statesmen are of a moderate demand for
goods
Exports of wheat flour Included as
wheat from both coasts of the United
States this week amount 10 3.45I, 600, as
compared with 1856, 900 last week. 900
In the week one year ago. 100000 two years
ago and 3,30S 600 IN the corresponding week
in 1893.
There were 4is business failures In the
United States this week. The aggregate
in the week year ago was 4o5; In the cor
responding week OF 1894, just after the
months prior TO the financial disturbance Of
that year. SOL
Dun's Review of Trade.
r. G.. Dun & Co.'S weekly review OF trade.
which issues tomorrow. will say: The rev
year begins with such uncertainay that
business Is somewhat retarded. the iro-
posed sale of bonds offers ground Cor con-
fdence tn the future, but no one 10 able to
determine what it's earliest effects may be
-. - ferN, gc
a cause OF hesitation rather than hopeful
ness Speculation in products mas not been
active. Wheat is about cent higher and
corn the same, without distinct reason In
each case. for the government report, tar
Oily conforming TO commercial estimates
Of some months ago. did not com napd
great confidence. Wheat receipts at Vest
ern points were almost double last years,
a.SoS, 702. against 1.3o5.i0o last year, Tut At
lantic exports were n little larger Than
last year. Corn receipts are about quar-
ter lower than last year. while Atlantic
exports are about four times as large.
The Industrial situation has not materi-
ally changed. There is much hesitation
IN the iron business. and some advance in
Ressemer pig. Finished products of iron
and steel are on the whole quoted a little
lower The business In nails is extremely
low. Nothing is doing in rails. and while
there Is a rather better demand for sheets
and plates, and several good orders are re-
norted for structural works, angles are
quoted a shade lower. Everything turns
on the contracts for ore. which are stin
unsettled, but the great excess in produc-
ton Of pig iron over tho present demand is
no longer denied. and II is expected that
quite n number Of the furnaces will pres
entity discontinue production. Lower prices
for Alabama iron renew competition with
Eastern furnaces.
Sales Of wool are large. e.so9. 300 pounds for
the week. against 5.23e,715 last year, al
though a large part Of the purchases is OF
a speculative character. based upon be-
lief that prices may be advanced IL the
new tariff hin goes into effect.
Failures for the week have been 4sl in
the United States. against i2l last year, and
S in Canada. against a last year
Bradstrect's stock Review.
Bradstreets weekly review # the New
York stock market says: Speculative in
terests were unquestionably somewhat dis
MAYED nv the unexpected launching Of the
sIoea 90 government bond issue as pop
ular subscription. The principal factor Of
disturbance was the idea that the period Of
thirty DAYS allowed for subscriptions would
he an opportunity for further depletion of
the gold reserve and for the development
or other uHsetting factors. II will be OBJ
served that while the public was taking na
interest In speculation. and that while the
hope % booming tendency which sale
% bonds 10 the Morgan syndicate might
have created had been defeated there was
no liquidation. ara the leading interests in
the market. while Inclined 10 stand aside
had no disposition TO work on the short
side. Further consideration Of the matter
led also 70 several other important con-
clusi0ns. In the first place, IL Is the opin-
ioa or the street that the Morgan syndicate
viii not 6lshan3, but will put In a bid with
the chances In favor Of its obtaining the
whole. or al any rate al bat a small por-
ten Of the bond issue. The fact that the
public even IL &c wants the bonds, cannot
obtain gold with which 90 pay for them
IL Limitation Upon popular sub
ScrtptiCDs, while the hanks which
have the SOLD are more likely to act In ac-
Cordauce with the syndicate than TO take
the alternative % paying a high price or
81 having the.- individual Bids rejected.
The Withdrawals Of sald from the treasury
have not been excessive. amounting IN su
20 S.o. 90 or more for the week. while
there - evidence that the treasurer has
armed himself against such depletion % It's
reserve hy an agree leat with certain New
York ranks 20 supply 81 with gold during
the rh.rty DAYS OF suspense. The money
market. though firm. mas also calmed down
considerably. an4 though gold exports for
the week amounted % g. LaaD Uucluainy
fi.,se 90 taken from the treasury two weeks
aEo and held = the bankers vaults. TIRE
ex aanEH market = uot so active or stEonx
as . Gad,-ate a heavy outaoW. These ia
tors. therefore asserted the mSeiveS aHi
caused marked hardening % values
trerrfFeNanf tire balance o. tins week AZ