The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-02-22

New York. Feb. 81 Bradssreel's weekly
review Of the stock market says: pullneSs.
accompanied by very strong undettane.
has marked the weeks speculation. Prices
have. however. advanced in some eases
with considerable sseadinesS- The lsli-
iSh impulse In this case comes from Lon
don, which market seems 10 have complete
~ reversed It's former adverse opinions in
regard to the American securities. This
improvement Is based upon tho phenom-
email success of the bond issue here. the
restoration OF the treasury reserve. end
the decisive vote OF the house OF repre-
sentatives against free silver coinage The
encouragement gwen nv the British oahi-
net TO the idea that a pacific settlement OF
the Venezuelan boundary dispute Is not
far OF also had a good effect on speculs-
tive sentiment in London. and though tho
French political crisis produced a slight
chilling Of the foreign markets. II could
not wholly check the assertion OF the more
favorable feelings which prevailed in re-
gard TO eur country's position IL would
SEEM however, that the foreign haytng,
which toward the end OF the week assumed
larger proportions. does not represent ac-
tive participation BY the British public In
the speculation IN Americans. Tho
warnings which the financial press there
have been giving against our securities for
months past have not lost their effect vet.
But professional interests have apparent
~ taken different view. and act as II
they anticipated revival OF strength and
activity in Yankee rails. their purchases.
which foot up a good many thousand
shares. extending not only TO the leading
international securities. but TO the low
priced portion OF the share list. The con-
tinued weakness IS probably due to this
fact. Indeed authorities in the intarna-
tionai markets base their bulliSh inniina-
tions with reference TO the general market
belief that foreign buying of securi-
ties on a large scale Is 10 be- expected. and
that this will keep the exchange rates
down and prevent depletion of the treas
ury gold reserve through specie exports TO
Europe.
Dun's Review OF Trade.
r. G. Dun e. Cos weekly review OF trado
VIII say: The restoration of the treasury
rcserye has been effected with remarkably
little monetary disturbance. though strin-
gency In many markets. greater elsewhere
than herr and greater IN commercial than
IN other loans has somewhat retarded bust
ness The rapid rise In the price OF bonds
strengthens public confidence In no Inn
portant branch of business is there appar-
ent a disposition 10 expand. The distrfbn-
tioa TO consumers has beer slnw and Feslasc-
tons in prices have not brought about a
rensw4l of much buying.
Prices Of commodities AZ n whole are now
at the lowest average ever Known Ee-
ceiafs OF wheat. which continue heavy.
2.si5.s5s bushels for the week. against 1.s42.-
5i7 bushels last year. depressed tho price.
although wheat IL nominaIly called 7tac
higher for cash. Receipts since August
have been SO large as TO Indicate a much
larger Yield than has been estimated. bot
the Atlantic exports are stimulated ny
lower prices, for the past week f.sin.s@
bushels nour included. as against l.ssa.suI
bushels last year.
In almost ell manufactured products de-
eiines continue though I'm some ciasses
limitations are so irTeguiar that the change
cannot be- accurately measured. Besneantr
pig iron and gray forge are a shade lower
~ p,tt.burg, ard structural beams and an
st.s have been reduced 20 secure business.
b,,t new orders for products are corufara-
lively small. and forty furnaces In thai
region have beer banked. The cast pipe
b,issnesss il active. bat little Is doing IN
ralle Plates arc doing n little better, bur
other branches are dull Sales Of wool for
the week were 20 per cent. smaller tnAa
last year though FOR the month only I'D
per cent hut 2s per cent smaller than In
1sq2 Prices DO not decline. as the foreign
market remains strong.
Failures for the week have been 20 In
the United States. against s12 iaEt year,
ard sS in Canada. against 20 last year.
Bradstrset's Review of Trade.
Rr8dstrtetS fDHtpffpH VIII tif Nhif'
no radical Improvement has appeared IN
the general trade situation. more fayofahls
influences are reported 'hAa fer some
weeks The drop In the temperature mas
AFFECTED the movement Of dry aeeds, hats
ara groceries The record ~ dFeFni7g Gue-
tations bryan last week is contin isi Tor
some varieties 81 cotfons. and fhs tendency
81 o,goiatlous 81 wool IL TO decline, ana
nffres .,f wheat. -four. corn. oatS, pork,
i.rs ard petroleum are lower The con-
ss{nr,of,s advances are in COFFEE AM sugar.
r.y,.crte of wheat, -four iaolia~d as
,zbaas from both coasss % the Ialfti
states flsfs week amount - 3tf.@a bisn-
et@ against 2Tfg,es busnFis last week anf
! s0s oso bushels In the same week a year
ago. - s...x
Hardly less favorable tnaf the improve
,,s,,, a. rank ciearings - the sudden dfop
g. ,rs total number II .ns'arss failures
-, t,ro,,,,yg,es,t the country, th y for the week
t'et,e IRE against ~ las, week 81 N ms
eg,,-,esnonalng week one yeir ago ara 1'9
a. 49,. ynek TWO years aao. There me ieWer
~ ,t,,rea also reported frnrn the Dominion.
~ .-eirss ~ n week axo. = ir the CORE
.',.,r5iov week a year ago. and 81 two years
ago.