The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-05-14

NEW YORK. MAJ il-Braestreets Re-
yiew tomorrow W.T. say:
Business gains. zasher than loses. IN al
the favorable s-suSfien In cereals IS the
handspring Of TIE Improvement manifest
Ing Itself In many sections OF the country.
with 10 make the o. took for buyers Tor
the current season = gathering one FoA-
lowing the rap s3ssances in the prices OK
wheat which AZ skeasly eliminated. ior
in a quotation ser cash wheas unequaled,
with one except.o--, for twenty-five years
ton from the ahnornaliy high prices
by the squeeze IN May delivery. which.
however. las left prices far above quota
'ssI las p a. ear ara ssbs sdvsses to Brad
streets only aceentuate the already Well
known ouliish nature Of The immediate
Wheat situation. whle on the other nana and,
situation. particularly in this ard other
countries. the outlook appears 20 favor
somewhat lower prices than thosa ruEng
the past six years. With the Qai=ting down
of the interests in wheat there has come
a partial shifting OF speculative interest 10
other grains, particularly corn dId oa.s,
and 10 many classes OF provisions. with
advances n nearly all those lines.
A rather more confident feeling seems 70
pervade the iron trade. which is anscted
In fractional advances for leading makes
of iron and steel Features OF the week
are heavy sales OF pig iron at many mar
ketS. but il IS again claimed that stocks
have begun to accumulate at some points
IS a result of the continued enormous
production. which Is placed al i.VsS.av0 tons
per month.
Perhaps one Of the most interesting feat
ures of the week and one especially ac-
csptabie because OF the hitherto very ue-
pressed conditions prevailing, Is inc re-
ard tone of the wool market at several
ceaters. The price situation Is sTiil one Q,
great strength, but PARTICULARLY 80 In food
notably coffee and sugar. higher on tne
week.
aggregating $50 5i3 bushels. against TO-
tai last week (correctedo OF 2.sgS.U5 bush
els, and compared with 2ls3.eo ooushels
ia this week year ago. lss,W busnels
IN rSq6 ? ays. no bushels In 1895 and -.2Ao.vW
bushels in 1894.
Business failures in the United states
show a slight gain for the week. NUMBER
week q year ago. IS in 1886 and eie in lsS-
Failures In the Dominion OF Canada tins
week number Is. against y last week and
81 in the week a year ago.
Brndstreets Financial Review.
NEW YORK. May I3.-Bradstreet's
financial review tomorrow VIII say:
In the main. Wall street has devoted the
present week TO an active busits1 specu-
Iation. based on the naval victory at Ma
Mia and the expectation OF other success
es as well as on the evidences OF spain
financial and military weakness and the
belief that the war VIII be soon decided.
even IL peace IS not al once assured Inc
excitement of speculation In grain and the
high quotations recorded for wheat were
also bullsh factors. mainly because. In
conjunction with the prospect OF another
large wheat crop, the prices apparently IN
sure a very prosperous season TO the West
ern railroads
The stock market was not, however.
without spells of hesitation. nor even or
s!isht reaction London was also rathe-
pronounced seller Of stocks. professional
interests there disposing Of considerable
stocks which were bought on the DECLINE
in March and April. United States offer
volume OF the transactions. including. as
they did. heavy buying orders through
commission houses Indicated that the pub
lie interest in speculation has revived.
The passage Of stocks from strong inro
weak hands was. however. feature. ard
its natural consequence was that toward
the end OF the week the market appeared
10 rest. on the absence of further favora-
BILE news. and to wait the developments
in connection with the campaign against
Cuba and Porto Rico. This naturally pro-
voked some realizing by professionals. as
well az bearish activity by the traders.
There was more or less pool manipulation
seer Ia the market and some of the speci-
allies were the objects OF revived activity
Of an artificial origin.
hank Ciearings.
The following table complied by Brad
street, shows the bank clearings at -
cities for the week ended May IL, with the
compared with the corresponding week last
year.