The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-12-25
TRADE DURING THE WEEK.
Braa.sreers Review.


cheaper grades than in previous years IN
other lines tie distribution ~ nerchaa-
disc sas been smaller a. a number % dis
fr1eottng c@nters. Failures % important
banking institutions az Northwestern
ciz.es tead 20 unsettIe confidence IN cern-
rnsrcisi ard banking circles. Very few
sa1esmen remain on the road. bat nos, OF
them ara preparing 10 go Cur within q
fortnight TIE moderate trade revival
which followed the last presidential cleo
ton has been disappointing in that. aside
from the Christmas demand. business has
been more unsatisfactory dor a month past
than st . corresponding period in many
years.
The shake-up IN the frcn and steel prices
Is n9ariy complete and quotations for
BesSemer pig iron and for steel billets
have gotten down 20 the level % those
for other staples. TIE billet pool has hesa
patched up noEninally- Anxiety Is felt IN
the iron and steel trade as 70 the uneer-
tainfy os the price OF lake ore under tho
new combination 70 coatroi the staple.
Exports % wheat (ioar included as
wheat from both coasts os the United
States this week amount 70 2 III. 20 bush
els. against sss4.Sde bushels last week.
34-2.eeo bushels IN the same week year
ago. co bushels IN the week two years
age as6 600 bushels three years ago. and
compared with 9slr.H 90 bushels IN the
same week OF 1859. Exports OF Indian corn
this week held M wei. the total amount
Ing 20 3f7s,e Go Bushels. as compared with
2ss&5oe last week. !. $50 600 bushels IN the
week one year ago aid with very much
smaller total. In like weeks OF three pre-
ce5iny years.
There are 81 bushes. failures reported
throughout the United States this week,
II less than last week and II more than
fn the corresponding week year ago.
There are * business failures reported
sfrstn ~ "a
week against 50 last week and - in tbs
week a year ago.
II. G. Dun & Co.'S Review.
r. G. Dun & Co.'S weekly review az
trade tomorrow viii say:
TIE failure Of two important banks, the
second in size OF business IN Chicago, and
the other at 81. Poal. with some others
dependent on them. closes not savoTaely
q month which promised 70 end with only
moderate commercial disasters. II does
not lessen the effect OF these failures that
one was caused by enormous loans in aid
OF an electric railway and other concerns,
and that the other appears 20 have result
ed from heavy ventures IN unstable real
estate Since several thousand business
men and depositcrs are for the time en-
barrassed as much as the spectators that
caused the trouble, the breakdown is the
reverse OF hopeful az present. although *
piled and when no serious effect in busi-
ness Is 20 be apprehended.
Other important events OF the week are
the failure OF the billet and rail- pools TO
find a basis for agreement and the some
what general discharge OF hands or re-
duction OF wages in the shoe manufac-
ture. The holiday trade has been fair. but
generally IN articles OF medium grades
The fall in steel billets from over so to
about SIG at Pfttshurg and in steel rails
from SIS net for mills. 10 SIS less brokers'
commissions. produced so great a change
IN other prices and conditions that the
meeting held here this week for the pur-
pose OF reviving pools and fixing prices In
fuenced operations throughout the coun-
try. But no agreement was reached and.
meanwhile. contracts have been made COW
ering thu wants OF most OF the producers
for three months and some for the whole
year OF 1897 and II IS said that such large
contracts have been made a S5 az Pitts
burg and $3.50 at tho East. Bessemer pig
has declined to sIi.f5, and gray forge 10
s965 AT Pfttshurg, while bar and other nm
khed products remain unchanged though
100 co bundles OF cotton ties have been
contracted fer at 50 cents per bundle. The
production OF coke increases rapidly, 96So
ovens being IN hast, with an output OF e.
1s5 tons for the week. Scarcely any bust
ness has been done IN the minor metals,
and sli-s7 Is quoted for lake copper. sls.S5
for tin and 1905 for lead.
Sales Of wool were only s.3sS. 900 pounds
81 the three chief markets. against 5,sl4.-
800 FOR the same week last year.
Wheat has grown a little stronger IN
spite OF the disturbance OF the Chicago
market Exports have been 1,47i.4fs bush
els, -four included, for FIVE days. and $751;
So for four weeks. against s.5s7sb9 for the
same weeks last year. while from Parhc
So has las
esn receipts are still small, amounting 20
s.455.eo bushels in three weeks OF the
month. against fA244S59 last year. The
volume OF business. advances considered.
IS not large. Payments through clearing
houses have been for the week 3 per cent.
less than last year, and for the month
thus far the daily average Is s.s per cent.
less than last year am COS per cent less
than IN fs92.
Failures for the week have been 81 IN
the United States. against 81 last year,
and "a sn Canada. against A. last year.~~~
Review OF the stock Market
Braastrest's review OF the stock market
viii say;
A rapid recovery followed the depres-
Son In stock values az the end of last
week. The street quickly realized that
the situation created by the senate for
esgn relations committee. in giving
favorable repors 20 the resolutions ac-
knowseag.nE Cuban Hpe04ence. lacked
xhe gravity OF the Venezuelan matter
year ago. London failed "a show any
fright ard business from that quarter
MAS supplemented ~ large purchases 90
cover shorz contracts. 80 that on last Sat
urdav the market regained more or less
81 the ground & bad 50 rapidly lost on The
break Of Friday the 18Th instant. The cur
rent gossip aseFloed no snail portion q
me bear covering % Washington inter-
ezss. waafeh naturally tended - diminish
fhe fears that the Cuban resolutions
would lead 20 serious action. and the fact
that che senate itself on Monday la34
sheu over til after the holiday recess. to-
s-asnar wft1 knGssastons shat the house.
veaxs.a fssl 80 concur IN the proposed ac-
san. deprived ths matter % ssguitlcauce.
TIE market consequently tenaea 70 I'M
prove sGgu further during ire cary por-
s6an of une week win continued short
covering ard IN the belief that the ad-
5ournneus 81 c0Gwrmss for a t~o-wheks'
*-as-afIau would AFFORD opportunity Cor 4
ssesses3la 1--we dlsc0uns o. the fnTes tr.aslt
demand ard Improvement in business ghat
i fa8ke-s for after January E.
Thss disposition vas, however. checked
~ the development OF banking troubles
Il ire West, Including the failure % ire
M eraz Bans ~ T-tsao-s GA C,1tesR2. AID
the Bank % Minnesota AZ 81 Paul, hos1
institutions bringing down Nirh tnem A
xstsnzher - miner banks and FIRMS n their
rssraexsye vielnltlsz. The disturbance IN
~ financial sftualf@a a. CAtcago. had.
however. little or 20 iua8ence here, az TIE
szsgsars hunGant H4pQlF q funds enAo-fd
TIE %ew YORK 5snkz 20 reader a. needed
assistance % their G1Se2Eo eorreEpcaes-
.zss wgtacut IN any way cnrtallag taesr
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