The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-05-01
TRADE DURING THE WEEK


NEW YORK, April 30.-R. @. Dun g.
Co.'S weekly review of trade will say to-
In spite OF the moderate improvement
in most of the great industries. business
is disappointing. Expectations OF speedy
ism victories have helped to depress grain.
Demands of Austria and China have
caused exports of $6.50o, 600 in gold. Mer-
chandise. imports are greatly increased
and final action OF congress on the reye-
nue. question seems more remote.
Wheat rose Last Saturday nearly cents,
but has fallen since that day about 5
cents This is largely because European
markets did not sustain the expectation
of great foreign demand after the out
break of war, and because. events APP
pear.ed to foreshadow speedy peace, but
the receipts from farms and the enor-
nous exports OF corn all had influence.
The exports of gold would not have
much influence IL there had not been an
extraordinary increase in merchandise
imports, and some decrease in exports
from New York, large for the past week
increased about 90 per cent. over last
year for the week, and for four weeks
have been 80 per cent. greater.
AT Boston imports Of wool have been ex-
traordinary. and at'Philadelphia they have
amounted for the month 10 s1,2,So0o. The
thought that this abnormal increase may
continue as long as action on the. tariff
bill is deferred tends TO affect exchange.
but the main influence at present is the
exceptional demand for reconstruction of
the Austrian monetary system and for
japan.
manufacturing is slow in advancing now,
az IL was much quicker in the winter.
partly because the increase In production
OF pig was then too rapid, partly because
OF the enormous contracts taken when the
different pools broke down. which went
mainly to the larger concerns. and per-
haps even more because there Is greater
beet In nfartnN QriarG Re8ArfG
of pending negotiations between the Illi-
nois Steel and Minnesota Iron companies
point 10 an important change as possible.
Prices of Mesaba ore have not yet been
established though ore better than Fayai
has been sold at s2.25 10 S2.45, and pig IS
better; Bessemer at $3.50, with one sale of
1900 tons for 10 al Piltsourg, and gray
forge az $3.50
Nails are about S cents per keg lower.
and tin cents per box, and Eastern quo
tations are frequently shaded to secure
a heavy sale of Lake copper is reported
at lie. and lead is a trifie weaker.
But imports of wool have been enormous:
If current reports are not in error. more
than 100, 600 0Do pounds in April alone, Phil
adelphia having received over 100000
pounds in four weeks, New York over "a
pounds Sales for the past four months
have been Isl. 30z $50 pounds, including s2.
943.310 domestic. and for the whole year
81 ss2. Ss1. including Hs, .6I domestic.
bslt i'm 1925 sales were COS Gi6 SIS pounds
Failures for the week have been 20 In the
Tinted states against Gas last year. and
10 In Canada, against 81 last year.
Bradstreet's Review.
Bradstreet's tomorrow viii say:
The more conspicuous features OF trade
are less satisfactory. including moderate
reactions On price OF staples, falling on
in the volume Of transactions IN various
lines continued slow collections and less
favorable conditions IN iron. steel, cotton
a. nj spr4af her Industries.
There Is less demand for staple Varie-
res OF iron and steel, makers reporting
tracts on hand. Southern pig iron has
secured lower rail rates 10 points west Of
PittsburE and Buffalo, all OF which saw
Ing has been given the purchaser; Tho
outlook IL for the shutting down Of some
furnaces in the PjttSburg district
Sales OF wool have declined sharply, but
receipts. OF foreign have brought up the
weeks movement 20 q fair total. Nearly
4 years supply has been imported during
the first four months Of this year. The
movement OF cotton goods Is slow and
prices are lew, buyers purchasing IN large
Wooden manufacturers are fairly supplied
with orders and are inclined 70 ask an
advance OF new business The three
months restriction OF output Ia cotton
goods IS ended and mills are now running
On fun time. Higher prices for woolens
i an effort 20 anticipate the tariff
Exports OF wheat. Hour Included as
,xhest amount to only Iissss5 bushels
.hts week, against 1,654. oeo bushels last
week: L 2s1 laa bushels in the week a year
ago: = 3. 90 two years ago. 1900 bush
81 rhrea years ago and 2 rs go bushels in
~. ike week IN lss1 The current weeks
exports of wheat, four included, are the
susaltest since the second week IN May.
1sgi. Exports of Indian corn have also
fallen OF this week, amounting 20 1851. as
bushels. against g. 20, Gsa bushels last week
There il a moderate Increase IN the
commercial death rate. there belug 20
asnSsuess failures throughout tbs Inited
states this week. corn pared with @ls last
week. "a in the week one year ago, -
tsxo years ago J79 three years ago and
80 ~ the iaxt week q April. $50
There were u business failures reported
<-o-. the Canadian dominion this week
eeatnsz = last week. - IN the correspond
ing week a year ago. and g two years ago.
Review of the stock Market.
graazfreats financial review tomorrow
viii say
W-hlls the Eastern gar situation has
ysaxsea sx5to n stage which no longer seems
dangerous 70 the stock and money mar
gets il has been followed 81 10 specula-
tSsre revival a. London or on the contl-
rezEt Prices recovered. American sfoc ~
xith the rest. but there has been no
Fszarhlea Eropruy euaent or disposition 20 buy
-, the Part OF the foreigners. 70 that the
Jsansraan influences on Our O@u market
have proved a 1tz1 pQofntsnent.
Tire principal incident 90 the financial
week was tire breaking Of the bankers
compact al regard TO goia sn1Smcnts. AID