The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-04-17
| are badly cut. but makers OF woofe-. are
/ as active as before
Shoe manufacturers are working ralI

are badly cut. but makers OF WOODEN. are
As active as before
time.
iron and steal continue disappointing.
with lower prices for Be>seraer pig and
Tor o11.sss. few = any new orders and
tendency 70 weakness rather than t.se re-
verse.
A reverse movement Is noted n prices
Tor staples. those for wheat, four. indian
earn. pork. lard coffee ard wpcssrs hav-
Ing advanced Lower quotations are re-
ported fcr sugar. petroleum and naval
stores. IN addition 20 iron and steel
Exports OF wheat Ezour included ss
wneaef include enc day less this week
from 81 Johns. n. r. Is lsaaea bushels
Tor i've days. compared with 2ees1oa in
SIX days % the preceding week. 2aiz. go IN
sns .ssk year ago. Assoc two years
ago. se1< 30 three years ago. and as com
pared with ssS4. 50 in the Ike week az 1850
There Is marked decrease IN the total
number OF business failures throughout
the United States. the total OF is this
week being compared with - last week
~ IN tbs week year ago. rs two years
aso. IL IN the corresponding week OF 1904
as contrssted with 81 In the second week
OF April. lSa9. Just before the panic
The total number OF Business failures
throughout the Canadian Dominion f. -
THIS week. against = last week. sx n the
week year ago and . two years ago.
Review Of the stock Market.
nTaosl!cets tomorrow viii say OF the
weeks business or the stock exchange:
Interest IN the market for the past week
mas depended entirely on professional ma
nipuation IN few stocks, principally In
american sugar ana Chicago Gas Two
important occurrences. the announcement
OF the New York Central reSuniing plan
and the closing OF the deal by which the
Morgan interests assume control OF the
Lehigh Valley. stimulated the market
temporarily, but had On permanent effect.
Pap4ie interes, i Al a standstiIl. and one
Gisadya<fag eoos Circumstance which spec
ulation had 70 contend with was renew ed
beartshneSs OF London. resulting In heavy
selling from that quarter az the end Of
the week The commission brokers are
idle and transactions for the most part
represent the activity OF board room trad
ers or OF . few leading manipulators.
the market closed weak on Thursday
evening. preparatory TO the customary
Good Friday recess OF the stock exchange.
New York Central was stroSag early IN the
week on the expectation Of the refunding
plan. Other Vanderbilt stocks were COM
p2ratively quiet but firm. One Of the
features Of the week was the heavy sell
ing OK the new Reading common. the price
OF which dropped from % 10 t7a. II was
understood that long stocks came out. and
that holders who acquired the new shares
In exchange for the old preference income
ponds are centrally disposed 10 nquidate-
II was noticeable that the Reading pre-
lerred stocks were comparatively firm.
support appeared In all the coal stocks
concurrently with the announcement that
high Valley to Messrs. Drexei & Co have
been executed and that Mr.. Morgan Is ex-
pected 70 place q new L.ehigh Valley loan
in London.
Chicago Canvas extremely active. II
was supported by the inside party and ad-
Sanced to ssAs on intimations that the law
permitting the companies 10 consolidate
Is certain to pass the Illinois legislature.
This was followed by a decided bear raid.
Based on the introduction OF n measure
70 reduce the price OF gas consumed by
the municipality of Chicago 20 o. cents
per thousand feet. The general impress
sion created by this was II had some con-
nectIon with speculative manipulation,
and after the stock had sold down TO ATs
on II. renewed inside support appeared,
carrying II back 20 s4s.
Sugar was the other leading feature OF
the week. Its position and that OF tho
inside party has been uncertain and tho
course OF the stock correspondingly err
ratio. The other industrials were not
active.
Bank C1earfngs.
The following table. compiled by Brad
streets. shows the total ciearanees at the
principal cities and the percentage Of In
crease or decrease. as compared with the
corresponding week last year: