The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-02-06

weather cut t-so tAs stocks 90 hcsw~
goSAas, = Gesav~d the sale az spring gos6s.
othsr rea&lfvssy favorable trade reports
sEe fTcsa 81 P&nl MinneS -cslS Sn1 81
Louis. Almost al 5oene-s report business
eufes OF GDchsng@s with no prospect q
immediate Improvement
The restriction ~ prsAsxR-rfos Of rn4sN.
gNss&s has not strengthened TIE marked
nor advanced prices ah@af T~se heaws
. :, y The saies y wool sor The week.
3 against es.a0ase poanss lsss vsa~ :
based largely On the expectattan 81 q
hsEh dairy On weot
One o. thu most unsatisfactory iaaas-
IriAl features - the lack % demand for
Een AID sfees prices Of which In the
Sentfst western states have 9ot below
nominal quotations
EArsorts OF wheat four frcisI ~ cron
aotn cs&sts g the United States and from
- Johns. y. = this week srcuns -
: la sS bushels. ~ compared with ssts 100
bushels last week ? ~ .asA bushels in the
week year axe 80 Go two wears as
2sa>esa bushels three years Gsa and "a
coatraStes WITH 90 bushes In the ike
week % $50
Exports % Tndian corn this week show
a marked increase. amounting TO $50 ssa
bushels. as compared with &ei1 80 LAST
week. . 90 bushels IN Jhs week a year
60 . &c cheek 70 The number q busl-
Aess failures reported last week appears
again IN the total for TIE present week.
80 throughout the United States as com
RaFed With 92s asst week. 50 In the nrst
-
like week % isss sss n the cor~a spending
period n isAt as contrsste3 with 80 IN the
nrst week Of February, 1895. three menths
before the panic.
There are - business failures reported
u Canada this week against s. last Meek.
~ N TIE week year So 81 two years
ago and IS three years ago.
Review ef the stock Market.
Br2dStreet's financial review tomorrow
VII say; II the main the eurreat specu-
and requires no DESCRIPTION ar Ts~,nesrt
IN spite OF the dullnes< and the afsposi-
Ron II naturally creates on the part %
me regulars 20 act On the bear side. there
were evidences from time 70 time that
the underlying tone az the market IL
eaiiisa; that stocks are In Arm lands and
that liquidation Is a matter OF the past.
Europe took little or no mart IN tha pro-
ceedings, except in the case OF the North
ern Pacific. which was the real feature
or the week The circumstances con
nected with the sale Of a large block Of
Northern Pacific securities 10 Berlin
interest were widely commented on III
shonld, however. be noted that the friends
o. the property bought the stock I'm this
market with confidence based on knowl-
edge or the circumstances In question.
as Wei as the alliance for the rnainten.
anee OF rates which had been formed with
the Great Northern railroad One az the
fruits of this is seen I'm the stems which
II Is stated have been taken BY the two
competitors 10 obtain representation In
me manas ement or the oregon Railway
A. Navigation Company, with the object
OF preventing that property from being
used adversely 20 their interest on
these factors the advance In Northern
racine preferred and common. which be-
gan last week. continued. attracting con
siderable outside buying and CARRYING the
quotations on last Monday up TO Ss7s for
the preferred stock and les for the COM
mon.
The announcement of the deal between
me reorganization syndicate and the
German interests. was. as usual in such
cases. the signal for realizing sales and
recession, which depressed the preferred
10 SIls and the common to A. Intlma-
tons were, however, Forthcoming that
other plans of considerable magnitude are
IN preparation by the Northern Pacific
management, and the stocks OF the road
recovered somewhat and displayed a very
nrm appearance. Union Pacific was for
time unfavorahly affected by the deal
concerning the Oregon Railway 4 Nav
ground, however, when Il was made
known that this transaction was not in
Tended 10 be in any way adverse 10 it's
interests and business was supplemented
by intimation from Washington that In
reference by congress with the carving
out or tho present reorga nization plan
need no longer be feared and that no In
crease IN the assessment on the stock
would be made. The movement in North
ern Pacific apparently stimulated a little
activity in another reorganized property,
being circulated that it's earnings were
favorable. Atchison was Somewhat
heavy. particularly the preferred shares.
on the expected Increase in the amount
of the same.
Bank Clerrings.
The following table. compiled by Brad
streets. shows the total clearances at the
principal elites and the percentage of in
crease or decrease. as compared with the
corresponding week last wear.