The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-01-01

experts e. scur and general merchandise
from Tacoma 70 CANA and japan. FIX
ports Of whe~t -four inclnde6 as wheat,
from both coasts OF the United States
amount Of 2717. rs bushels So compared
wish -.lll.eta hasseis last week. 2ss5.es in
th@ week , year aga. 1.s14 eae bushels TWO
Years ago ana with sss saa II me CORE
spending week of 1885. Exports of Indian
corn this week amount TO : 81 ga bushels.
against 2ssS 5sse sSss week: l. .fsa bushels
IN tae week = yssr ago. ana sssass bushels
Two years asos ga No bushels three years
ago. and as compared with 944,0o9 bushels
IN the Ike week q iSa2
TIE total business failures in tha United
States IN ISIS On which liabilities exceed
assets number Is. liz an Increase % is
per cent. over 1SsA " nen the total iacFsas-
ed per cent. compared With rsss which
IN failures lei. Of IS per cent from IssS
when the total vas fSssee. the largest on
record. Total liabilities Of those CzAlnS IN
1895 amounted 10 81. 90. IS per cent.
more than last yea- and 6 Per cent. uors
than n the year 1874 bsing exceeded cay
by the total liabilities IN The year 1Sss.
SO, 90. ea. The ratio Of a<ssts % Gssili-
ties among those faiHng IN 1876 was 50 per
cent. an evidence Of al unusually high
rate OF mortality. which - exceeded only
b. the corresponding exhibit Tor 1898. The
commercial death rate was IN lSsss Ia per
cent. 81 HEich Is meant that 30 per
cent. OF every Iea individuals, t3rns and
corporations IN business las; year failed.
This death rate was exceeded only BY that
In iSss when Il was Ia per cent. In 1875
the commercial death rste Was L@s per
cent. and IN IS94. q per cent.
There are 2,17s business failures re-
ported for the Dominion CO Canada for
1855. an increase 81 Ses. The larger proper
iien OF the gain is accounted for BY an
increase Of 10 business failures ia on-
tario. and q in the province OF Quebec,
ard Al in Nova Scotia. The increase Of
about IA per cent in the number OF busi-
ness failures IN the dominion IS accom-
panied by a gain of only : per cent In az
gregate loans, which IN 1885 amounted 20
sls,2s. 900.
Review of the stock Market.
Bradstreeps review OF the stock market
tomorrow will say:
Trading on the stoek exchange continues
TO be entirely professional in eharaciss
and origin. There has. however, been
noticeable Improvement in speculative
feeling. which showed In spite Of the
prevalent inactivity. The situation al Chi
cage and Minneapolis. and the fear that
the collapse Of inflated or weak banks and
business enterprises may cause further
and more serious trouble there. has been
held steadily before the street. while ths
ing returns, in particular the ST. Paul
railroads November statement OK gross
and net revenues, furnished hearish argn-
ments In the market at large.
In snite Of these facts prices have dis
played considerable resistance. and hear
fish attacks fan 10 dislodge long stock
Liquidations seem TO have been conplet-
ed, and securities have passed into strong
hands, while there IS disposition to look
forward TO a better speculative situation
with the progress of the new year. Among
the factors which have contributed 70 cre-
ate such sentiments lis the more favorable
tenor OF the news from Washington IN
regard to the Cuban situation and other
matters Washington. in fact, supplied
some buying in sugar stock on the appa-
rent theory that any revision Of the stock
may benefit the interest. It may be men
toned in this connection that some atten-
ton is paid 20 the prospect of an extra
session of congress after March I, but
consideration Of the matter has not as
sumed a form discouraging 10 speculative
activity.
Europe has taken little part in our mar
ket. but the completion OF the fortnightly
account there, and the fact that money
there shows Indications 81 becoming cas-
Ter from January !. must be reckoned
among the favorable influences of the mo-
ment. In this connection also II must be
ing to the Importance OF our favorable
trade balances for the past year, a very
striking evidence OF which Is afforded by
the weakness of the exchange market, in
spite of the easy condition OF the money
market.
With reference 10 the Western financial
troubles II may be said the disposition OF
this market 10 disregard them arises IN
part from the fact thatthere has been prao-
ricaliy no disturbance or money rates or
loans on that account, and furthermore,
because of evidence that the disasters
themselves have been in the main con-
fined to concerns which were manifesty
unsound TO the core.
Investments are for the moment quiet,
though bond values are well maintained.
and A good deal OF stress may be laid
upon the expected developments of a
much more pronounced investment de-
mand.
Sugar has been the leading feature OF
the market. The interes. taken In the DE-
tails OF the conflict between tho sugar
people and tie great Arbuckle coffee
kings has not bad much influence on
compauy's stock. Far more Importance
sn this connection was attached to the
hearing before the ways and means com
mtbtee at Washington OF the sugar pro-
ducing interests and Washington pur-
chasing based on reports that a favora-
BILE view might b taken OF the claims OF
the refineTs 10 protection against sugar
from countries thar pay an export bounty,
fna In .-4af ~sa4 frar