The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-07-24

NEW YORK July cs.-Rsviews OF trade
IoT he past week point out unu,issakahle
&.zhs o. returning prosperity Brad
ssfses ant r. G. Dun Co each refer 20
TIE eject On the commercial ~exia occS-
ssohsa ~ the discoveries ot gold in IHe
eaoneyAs ard the Certainty of a market
rof toe enormous yield Of wheat In the
western sfates. Bradssrset's says:
Revival HAS Begun.
The widespread confidence that there
VIII oe marked revival la general trade
Ia the fall continues 20 grow. and with il
Is material evidence taat it is well founded
1alc.sgo jobsers OF c.oshing. dr. goods
aho shoes. and manufacturers there and
xrse se"fere OF pianos. organs, wagons and
IarIi implements report tnas fall business
ha> been begun, which Is much earlier than
usual Distribution of general ueerchaE-
eise from 81 Louis Is a little less active,
although trade there Is favorable. Like re-
ports are received from Pittsogrg. noswisa-
standing dniiaess in Iron and steel: Sa-
sanaah, In spite Of this being the usual
oosF season oa Plantations: Omaha. Mil
Waaxee- Duluth. Minneapot and st. Paul.
Wners merchants are feeling the influence
OF a rroSp~ctiyeiy large crop Of wheat.
and from Galveston and other points in
Texas, which has favorable crop out
look and confidence In an increasing move
ment OF merchandise next fail
seattle's Best Moash.
THE demand for supplies for shipment
TO the Ciondyke gold region nas made
july the busiest instead OF the dalles1
month III the commercial year at Seattle.
and has had an influence on sales Of sta
rlss at Tacoma. Portland and San Fran
cisco.
'sThe worlds wheat crop outlook con-
tinues to favor the United States much
as 1t did eighteen years ago. The outlook
is that Russia alone. OF all other wheat
exporting countries. will be able to COM
pete with the United States. The adj
vance Of more than % cents compared
with year ago in the face OF dornes-
tic wheat crop probably iUo. 90 bushels
larger than last year. and the prospect
for a higher level from importing coun-
tries. explain why the American farmer
Is to secure his proportion Of tbs ad-
vance. and the coming era of prosperity.
That he is alive TO the situation is indi-
Gated by tendency 10 hold hack wheat
already harvested. Notwithstanding high
er quotations"
Hig Bound In the Price Of Wheat.
r. G. Dun Co. speak in a similar vein.
Their review says:
The wheat market Is the sensation OF
the month. Since july the price has risen
l2c. but the close was &c higher for the
week. 1t Is notable that the rise came IN
the face OF highly encouraging crop news.
which II Is not disputed had for support
nothing but foreign conditions and de-
'snaud Actual buying fer exFsort he's been
at times heavy. and loading of cargoes
here and in California for countries which
usually contribute to European supplies
greatiy strengthens the impression produc-
ed by continental reports. That there is
speculative handling behind the great ad-
vance fs evident. and the buying for export
has 10, yet resulted in Atlantic exports as
large as last July
According to Bradstreet's. exports OF
wheat -four included as wheat. from both
coasts of the United States and Montreal
this week amount to 1873 2Ss bushels, an
Increase of about $500 bushels. COM
pared with last week for which ship
rsents the ports OF New York and Balti-
nlore are largely responsible. The CORE
spending total In the like week last year
was 2.075gp9 bushels. in the week two
years ago 755 coo three years ago 3,ssa,fsoo
bushels, and in the corresponding week
in 1855 I. was 4lS3on
Few Jnfavorable Features.
unfavorahle features include the con-
tlnuance Of the strike of bituminous coal
miners in the Western and Southern
states which now begins TO threaten the
continued activity OF industries dependent
upon that variety OF fuel. the practical
stagnatfon Of the Bcssen pig iron and
steel billet markets, with prices as low
as ever known; the shutting down of New
England cotton mill machinery TO reduce
the output and get rid Of stocks on hand.
and the unsatisfactory condition OF the
whole wooden goods market. owing 10 the
relatively low prices of products ON
pared with quotations for raw materials
There are - failures reported through
out the Ungted States this week against
2iT last week. 80 In the week a year aS2.
.s9 in the week two years ago. 20 three
years ago and 4ss In 1896.
There were q failures reported from
Canada this week against $ last ueet.
81 IN the week a year ago and y two
years ago
Bgns Ctcarfngs-
The following table. compiled ny Brad
street shows the bank clearinGs Al the
cities indicated for the week ended July =.
i$7. With the percentage of increase ana
decrease, a. compared with the coyre-
spending week last year: