The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-09-04

@s--A early 81 zss0 August was the 1-st
rnozfh N which the daily average Q, Sc
fI@uz@rss through clearing houses excezsf-
"a materially that * the corresponding
rn1rfh ~ 1Ss9 the excess az the priac4pzl
cifl~s t'@sEE - Per ssa,- Nor : ta =
stock sr4sssl 5ati0n. for the stock exchange
el@zwsrg house now dispoSes OF a very
large share o. transactions. 50 that they
a-er+ hank exchanges far less than nxs
Wress continued its reaction until /;
had fallen cents more. bat then rose
cents With the first revival 81 foreign
buying. western receipts are very large.
though rot quite as large as a year aEe,
bat Atlantic exports. -four includes, rose
30 s.Sss - bushels i9T the week ag5ansas
zfz5Ss last year. The estimates w1tea
con- zaars8 condolences SSH indicate 3 yield
OF $50 Is 80 20 SO 0<o. ee9 bushels OF winter
wheat. turning out 50 mEcn beyond ex-
pectaxioEzs IS TO balance much OF the loss
In spring wheat. Foreign accounts do net
improve and unless much mere deCePs-
I've than usual. the demand for American
wheat vii far exceed the quantity wE.cn
can BE spared
TIE Improvement in the iron and steel
industry gains momentum. ard further
advance Ia prices makes 4.s per esEst.
from the lowest average. August L. The
demand increased for sheets aud plates.
snd especially for bridge ogiiding. II r.
strzctarzl Work. OF which IL is said that
za@s tons have been placed at Chicago
For bars. and especially wire and wire
nails the demand Is heavy. and all have
advanced an average OF 81 Der ton South
err and Western dealers have united TO
advance prices Of pig . cents Besse-
mer al Pittsbnrs has risen 10 cents and
Eastern markets are stronger. The de-
n1an1 for cars Is pressing. and work Ter
railways increases. The first shipment Of
sseel rails from This country TO Australia
was 400 tens b the LaekAwauBa Com
pany. Tin Is still slightly lower. at $50,
but heavy exports, said 10 cover Il e~ss,ls3
pounds. Tor the next three months. sus-
tain copper az liza cents. and lead Is strong
at 4fe cents. Boot and shoe shipments,
not quite : per cent. smaller than last
year in August. nor per cent. smaller
than in 1sss were IA per cent. smaller
than IN is15 but were little larger than
in Iss2 Buying is still mostly for irnule-
date necessities but is sufficient 10 keep
works well employed.
Failures for the past week have been
year. and 3 against 81 In Canada.
Bradstreefs Review.
Bradstreets tomorrow will say.
Previous activity in all lines OF trade
is maintained. Some wholesale merchants
at Western centers report the largest
volume OF August trade on record. There
has been an increase In the consumption
OF cotton by Southern mills. Western
iron and steel mills have orders to keep
them busy until January /. In the Gem
trail Western states the bitumin0us coal
strike has had further depressing ef-
feet on the general Industrial situation;
At the Northwest some commercial
houses have had 10 work overtime 10
meet the demand for goods and the warm
weather Is reported 10 have practically
assured the Indian corn crop On the
Pacific coast. wheat exports have been
slackened by inability 10 secure crews for
vessels. Mercantile collections have
greatly improved in some sections Last
weeks general and unprecedented expan-
sion OF prices for staples is continued.
Wool. cotton and wooden goods. hides,
leather white pine lumber. sa , and
rods. wire nails. barbed wire and South
ern foundry iron. wheat corn. lard and
sugar have advanced. and higher prices
prices are recorded for cotton. wheat.
flour and coffee. while those for oats,
pork. print cloths, petroleum and coal
are unchanged.
This weeks exports Of wheat are the
largest, with two exceptions. the second
week OF September and the fourth week
of August, 1891. Total shipments amount
TO s,ess 247 bushels. against 5.14s $50 BUSH
els last week: 1909 500 bushels last year;
2eo. 261 bushels in 1895; 3.a07. 800 bushels In
1894. and s.92. 900 bushels In 1898.
There are only 1876 business failures re-
ported throughout the United States this
week. against 20 last week. a3s in the
POI three years ago. and $40 in The ike
week OF 1888 There are % business fall
ures reported from the Canadian Domin-
ion this week. Last week the total was
"a, and year ago 1t was 30.
Bradstreers stock Review.
tAaNohAtfN stN4Sa u SApSA i4ls2A hSS
tomorrow will say:
Stock prices have continued 10 advance
this week and the trading has been upon
an exceedingly large scale. The market
has been at times excited and, while ma
nipulation by bull leaders and eliques Is
apparent, there has also been a growth OF
public participation.
The market was influenced by denials
that there IL any widespread or serious
damage 10 spring wheat and by reports
minimizing the results Of frost in the corn
belt. The Western railroads are stated TO
he overburdengd with grain freight and
the business has spread to the trunk line
roads and those of the South and the
Souih Invest The improve ment in the iron
trade Is considered a most important fac
tor for the railroads, while the expected
settlement of the soft coal miners strike
stance OF Importance. Railroad earnings,
almost without exception. show large In
creaSeg. Most of the speculative move
ments have been based on reports as 70 the
probable or possible increase of dividends
or the payment of them by COMPANIES
which have not heretofore yielded a return
upon their stocks Isow-priced securities
have been the object Of considerable at
tention and some buying. On Friday the
market was active, strong and excited an
der the lead OF St. Paul and the Granger
stocks generally.
Bank CIearings.
The following table. complied by Brad
street shows the hank riea rings at tina