The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-12-03

Il. G. Dun Il Co.'S Review.


weekly review OF trade viii say tomorrow:
The report of failures for the month OF
November is extremely crafty ns because
il shows not only decrease IN nHinDsf
and a smaller amount of liabilities than in
any other month excepting three summer
months since the monthly recon- began.
but because careful analysis shows strik-
ing Improvement both IN the small ana III
the large failures and N nearly all Classes
Of industry and trade. Considering the
failures are usually smaller III summer
months than in November. the monthly
return may he considered about the best
ever made and shows a condition OF imam
cial Soundness rarely surpassed. NOBODY
can estimate the gain for the iron ana
steel industry which Will result from the
past weeks transactions in steel rails. which
are said to exceed 7ca,o0o tons. The max
ers have f.iled 10 agree and 20 complete
the consideration under wnicn single
agency was expected 10 sell all the rails
for domestic use or for export the western
works entered Into ar agreement by them
selves and fixed their scale OF prices at SIi
for Pittsburg. SIS for Chicago. anu Sl9
for Colorado and the Illinois Steel Works
are said to have taken orders in single
week covering much the greater part or
next years capacity. But Eastern con-
Germs have not beer. IDLE, and have taken
such large orders thai the output OF the
year is now expected 70 exceed 2.0ooooo
tons Bessemer pig is stronger at Pitts
burg Gray forge is steady and other pig
is in better demand at Pttsburg and Phil
adeIphia. Finished products OF iron and
steel are unchanged i'll price. although
plates and bars are in remarkably heavy
demand especially for car building. Sales
Of wool have been large In November
80 SO $50 pounds in FIVE weeks, against
4,122, 400 pounds last year and 26.s3l,"o
pounds i'm 1872 but they have been af-
fected by important concessions in price,
Manufacturers have somewhat larger or
ders and are more hopeful, but considera-
BILE share OF the machinery. must inevitably
remain idle until the material Is CHEAPER
III comparison with the cost OF wooi and
goods in other countries.
The wheat market mas been lower with
heavy Western receipts and has declined
&c Atlantic exports have been Sl23,o5s
bushels -four included, for the week. against
itS1 s3s last year and Pacific exports l.
so. Us against l. S579sa last year. and for five
weeks the total exports have been &,o0i.-
ses bushels against 25.i22, 70s last year.
Within the same time corn exports have
been II. 49,. 2s3 bushels against II. $50 last
year and the price has risen l.c- ~
1t Is a most significant fact, winch all
interested may keep We'll in mind. that ex-
ports OF wheat are about eq1'al 10 the great
est ever known in any crop year thus far
bat are accompanied by corn exports also
but slightly exceeded III the year Of great
est movement heretofore The possibility
that foreign dependence on American food
supplies is permanently increasing may be
Failures for the week have baen PSI In
the United States against srS last year and
10 ia Canada against ~ last year.
Bruustrefts
Rradstreet's tomorrow VIII say: The
business world enters upon the closing
month OF the year with SO many favorable
and so few depressing features IN sight as
TO leave little donbt that the year 1873 As
a whole must hereafter furnish the basis
fer estimate when comparisons o. large
business are "a he made. Nearly ali OBJ
tainanie statistics and reports as TO the
volume Of business pont 10 The present
year having heavily exceeded any for
rner year in the amount OF business done,
and though comparisons az regards prices
are not 90 favorable as IN Garner years.
notably f2s2 and 1895, when quotations OF
most sta pies were considerably higher,
stu{ the EXPANSION in trade due 10 IN
creased population and enlarged foreign
demand Tor our products has resulted IN an
aggregate volume OF business done con-
siderabIv in excess of any former year.
In the general business world tbs leading
event ot the week has undpuotediy bfen
the placing ~ very large orders esIimatet
A. between .nNe,} nd 90. 40 tons. OF steel
rails more than one-quaTter OF tbs entire
caun,ry's annual production. at prices
which II not entirely satisfactory 20 the
competing rail mills. are encouraging. be
cause they indicate that no check caused
bv combination Of interests would be ad-
rrinfstered 70 our growing export trade.
yasen business coupled with the possible
demand next year for structural steel for
building purposes, il likely 10 play a most
important part IN tne government o. prices
~ steel products generally. Nominal prices
~ steel rs 5fs show little change from those
rulsng some time ago. bat quotations for
Resseruer iron and stee! biliets reflect the
Stimulating influence Of the removal OF the
uncertainty rsgzr 3:iag the placing o. this
large volume OK rail business.
Foreign demand for our food products
hee continued an encouraging featuTes -
the cereal situation. and wheat prices par
REGULARLY are 3 Ntti@ lower on the week.
Notwithstanding very heavy farmer de-
1}vevies end increasing domestic stocks.
Exports this weak are the largest ever re-
ported. Tefecrng party Undertaking. of
early reported business and partly tn-
creased foreign ouy.ng AZ concessions
earH.- in the week Corn and cats APPEAR
To have temp srsr.iy parted company from
wheat ard are higher On the week 9n
improved speculative buying and enlarged
.xnort trade The ocean freight sif4atLon
Is Slightly easier sHG tbs supply - Ton
~ a. shows Some enia rgeTrSHf. The price
sfr,tss{4r generally NJ eTs-eoura g.Hg efss-,
4vf advances largely oufnumteT 9eclnes-
The early arrival O. winter weather IN tas
@ss,s5sh has tended 70 make SsBsiser cotton
cro., estimates more popular. and enlarged
speculative and s3c. purchases have a3-
yancsH prices for tais staple. Anfsraclte
os,af has tyeer marked 10 IN some markets.
}a~zesy ewing 10 coi1 Ee@faer. bat tapre
ars set few rew developments IN ;he d.
reessor Of control az output. Tin anz cop
..4z~s. 80 rf.afs- -