The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-10-24

WEEKLY REVIEWS OF TRADE.



New York. Oct. 23.-Bradstreet's tomor-
row will say: General trade continues
along conservative lines; 0uyers and sell
ers preferring to defer business until at
ter the election. Traders are more hope
ful as TO the outlook for business later in
the year and next spring. The reaction
IN wheat prices after an advance of -
cents Is the natural result OF desire to
realize profits. an advance In rates for
money and enormously heavy receipts OF
wheat at primary markets caused by
higher prices Comparatively email stocks
OF wheat In importing countries, de-
crease In the worlds total production OF
wheat for two years IN succession. unex-
pected shortages IN Russia, India. Argen-
tina and Australia AMI only an average
crop IN the United States are only inter-
preted to mean that the price OF wheat
vii advance further.
The total exports OF wheat flour In
cltn3ed as wheaU from both coasts of the
United States and from Montreal this
week are not quite a. large as last week.
or for the four preceding weeks. but are
heavier than IN corresponding weeks In
the three prec sding years. amounting to
3, So, 900 bushels. as compared with 4l6oW
last week 265e coo bushels In the corespor-
ding week year ago. 1000 bushels two
years ago. 3.sz7.ooo bushels three years
ago. and &oss.ooa bushels In the third
week OF October. 1859. Exports OF Indian
corn continue heavy. amounting to $751;
600 bushels for the week. 20 per cent. more
than last week, more than twice as much
as In tho week one year and thirty times
as much as In the corresponding week OF
1884 and three times as much asswas sent
abroad In the like week OF 1893 and In 1884
Mercantile collections continue as dlf-
ficult to make as heretofore. except in a
few OF ths larger eoseon-growsng states
nit -, sh A-sr~ ~ IA n
Ia marketing Of cotton ana wheat has rem
dered funds more plentiful
There ars - business failures reported
throughout the United States this week,
which Is thirteen more than last week.
rhirty-three more than In the correspond
Ing week last year and seventy-one more
than I'm the like week OF 1854 but thirty
seven fewer than In the third week OF
October. lsas There are forty-eight bust
ross failures reported throughout the Do
n,Inion OF Canada. as compared With thirty
last weak ana with thirfy-six respectively
In each OF the corresponding weeks Of 1886
and 1904.
How Trade IL Affected.
Hrzdstrees.s financial review tomorrow
win say. While large interests In the
markets maintain a conservative attitude,
the tone THIS week was builish. and the
tendency Of speculation has generally been
toward h.gher prices The market 10 q
narrew one, ard rhe buying has been fur
,,fsh.d by covering Of shorts. Plus scat-
tered operations on The bull side sy small
trxfers The favorable accounts OF the
POLITICAL outlook. eae phenomenal rise in
wheat ana the large gold engagements all
tsuSed 10 create bulltsn feeling In the
streets. ard tt should be noted tina; the
market was unaffected by the sharp reac-
ton OF wheat prices. or by the advance
in the Bank OF England rate TO per cent.
causing, as IL did q rally IN exchange that
for sFe isre being psEt another check upon
gold ir1portsiious.
The sdysnss Of the Bank % England ra.s
from 20 psr cent on Thursday was
fully expected. aad neither that acton
nor the rise IA the open market quotations
ths-A 70 81 Per cent for discount have
r,-oaucsa any speculative aIsoyg 2nfzattors.
.S,on~ the rrost satisfactory Indications
81 tn- week vas ths ssrsaxth OF. ard al
vaun~s IN. tie bend list. Governments
x~r. tnsseS q feature. the Few - rising
s~,-, rs.. 10 is-A. white both investment
.-s s-sszsa-tvs szg1ss Of railroad mort
res have generally been higher. An-
n,ne~ .srt noteworthy % notice IL that
m New Ycrx .xcEsn ge seats are quoted
shls week Al SIS go. an ecvancs OF several
.s,.,s1Ss a4ss over tfss last transfers. fri
asyss rs.astss wxs strong and advancing
pn.sl The last hour, when TIE taxing OF
r AZ sno sos1 from tie treasury caused .
salt and a slight reaction
what Dan Co. SAY.
Sew York. Oct z.-R. G. Dun 4 Co. 8
weekly review Of trade snznorrow wiu say
Tns event OF tie week has been the sen