The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-06-27
THE MILLS CLOSING DOWN.
No Revival TIL After Eicction-wheat
to BE Cheap.


New York. June as-R. G. Dun a Co.'S
weekly review OF trade which issues to-
morrow VIII say: Tho monetary outlook
is not yet clear. The strength shown In re-
cent conventions by the advocates OF free
silver coinage and the expectation that all
the elements favoring that policy may yet
be concentrated incline them 10 a waiting
attitude. The uncertainty retar9s improve
ment. notwithstanding the more widely
prevalent feeling that the monetary action
at the ST. Louis convention viii be sus-
tanned by the people.
But many mills have waited as long as
they can with safety. and signatures have
been given by enough cotton mills Of Fall
River TO insure temporary stoppage. IL
IL stated. the nature OF which is now under
discussion I'm conference with the Provi-
dence manufacturers. Meanwhile the Pa
cihc, of Lawrence. and the Maumkeag, OF
Salem, have closed for a time, and prac-
tically all the Southern cotton mills viii
be represented at a meeting on Monday
with the same object. Wooden mills are
acting without concert, but fourteen are
mentioned in dispatches as having closed
this week. There is no similar movement
in other Industries. though the period OF
summer closing is at hand In many OF
them. and important controversies as TO
the wages OF iron putdiers and other hands
make 1t likely that the annual stoppage IN
that industry may last longer than usual.
Tho weakness OF wheat. which has de-
cllned 40 cents, and OF cotton, which Is
an eighth lower for spots. though less for
futures, have full explanation In decidedly
good prospects. Returns OF harvesting
thus far support the best estimates as to
wheat. and the conditions OF cotton has
been decidedly improved by rains
Wheat receipts st Western ports have
been ..sss.ee2 bushels. against only 7s5.ssl
last year and for the three weeks past
s5Si.2T3. against s.a54.ooo last year. and
while Atlantic exports have sharply In
creased, amounting 20 1857 ST bushels.
-four included. against fsI3, 4s7 for three
weeks OF June last year. there Is no rea-
son 20 doubt regarding the suffcfercy OF
supplies The hay crop has also been ex-
ceedingiy good at the West. IL Is not
wholly a welcome. but a necessary conciu-
sion. that prices for the great staples are
not likely TO be higher.
The great combinations. which the Iron
Age wisely reasons tend 20 disastrousiy
low prices hereafter. still. control the
markets. both for material and finished
products OF iron and steel. though 10 Is
reported that lower prices VIII soon be
made FOR coke, owing 10 better utilization
of the by-p~ofucts and for nails. owing
70 the heavy decrease IN consumption. The
billet pool reports no large sales. but mid
dlemen. or outsiders. continue 20 oufseIl
n. Besxerner Mig IL a shade lower az
s.. = at Pittsbarg.
The textile marufs cturers. as has been
said, are generally aevising curtsiiment OF
production. and the only change OF prices
IA downward sales ~ wool have been
u "a sn0 pounds for four weeks. OF which
So 10 were domestic. against g 1s3 eSs
last YEAR. OF which Is re-, 80 were domestic
Failures for the week have been z7 IN
the United States. against Es last year,
and "A In Canada. against z last year.
Bradstreet's Review OF Trade
Brasstrect's tomorrow VIII say; A
mora hopeful feeling In trade circles with
IN The past few days, explained due 10
the adoption % gold plank At 81. Louis
has been given undue weight Interviews
~ith merchants ia stspAe lines at twenty
Eve Of the more important distributing
renfer- show that. aside from the tn
creased strength Of wool I'm the hands OF
interior hosdars. reflected at Boston and
PHILADELPHIA. and improved demsui for
hardware st Providence. for clothing and
shoes at paitinnre. shoes and dry goods
a. Memphis and similar lines ~ 81. Louis
there has been m Improvement IN trade
A, Chicago there Is more hopeful senti-
raent bit no increase in business. can
yaxx Of leading sohbsrs NJ important cities
r,swx n erpertasgon Of revival in gen.
e-al trade until after tie election. ard at
Fr-ns points no Improvement IL expected
unsa next year.
The volauSs Of general trade is 10 larger
.hnr, las. week, and a. soras lines 70 IN
smaller. notably a. PittshHrg ar6 Kansas
Sfrw- Nfa-sunnaer dsflness eklsractexfzes
crer@tIons ~ Almost Al posnts. Relatively
tSs greatest activity has been among
Fastersa dry goods fobs@rs who have sae-
rfaaea prices % reduce heavy stocks OF
cotton g00sss
ressrsrseS rros 1esioa - print cloths a.
van River IS likely % Re followed ~
ssranzr 4rsfon at Prsvfsence and 81 An
s4.asa Veg Enxsxxs1 rszk5eg rnanGfsssar-