The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-05-04
SEEKING 4 NORMAL LEVEL.
Naval Victory at Manila Steadies
Declining Markets.
EVERYTHING AMERICAN GOOD.


Markets which were erratic and unusual
In their upward tendencies a week ago In
all departments that were subject to
war Influence, have. within the las. forty
eight hours. shown a disposition to seek
. trade level that Is consistent with con-
traceasle to the results Of the naval en-
gagnment In Manila hzrbor. which leads
10 the belief that the host.litses will not
continue much longer. Spanish securities
have looked up . triie. and everything
American ts good. The railroads usually
ticeeble rise in the stock markets, par
. ticuiarsy Northern Pacific and Canadian.
ali cf which has kept spectators guess
ing.
been closely associated In the past ten
days. Staples have looked fer possibly
increased tariff. owing to the withdrawal
OF water competition. Ali Of these ques-
tons are of vital Importance to the North
what Il produces, and Its exchange for
manufactured articles from the East.
: Lumber has remained quiet but there has
been less foreign business done than usual
at this time Of year. owing to higher char
tiers and insurance.
Shingles. which were put down IN the
Eastern market owing to a partial cessa-
ton in building. directly traceaoe to war.
are showing al better figures, and re-
. sumption of the schedule adopted last
winter may be looked for Yesterday Us
shingle mills In this section OF the state
shut down. but IL is expected that cutting
viii commence again in couple OF weeks.
Wheat, which has been an elusive prop
osttion, is down nearly IA cents from its
maximum Of $i.s3 per GENITAL. quoted last
week 1t closed r. san Francisco at ST es.
figure that In Itself expressed . belief In
speedy termination OF the war. Another
influence that might have affected San
Francisco was the fact that there is now
much Washington and Oregon wheat in
the elevators around the Golden Gate.
Liverpool showed lower yesterday but not
proportionateiy with San Francisco. which
would indicate that the same opinion had
not developed there regarding the iTnmedi-
ate ending of the war.
California is not ire only part Of the
United States that is short just now.
Letters operations having stored up such
quantity on tie speculative BASIS, ali si4S
way along the railroads from Dakota to
the Atlantis seaboard. S.. Paul and Min
ueapoiis advices say that not for several
years has the Middle Northwest been as
short of wheat as at present Country
stocks in April reached A very low paint.
and 1t is believed that on May there were
less than 100000 bushels held by country
houses that were usually tributary TO the
elevators of the -four mill towns.
That fact is offered as reason why the
Minneapolis market jumped - cents in
week. No war talk is credited with its
effect on Minneapolis wheat, any moro
than the California market was affected
by the same cause.
Minnea polls il now looking for an eight
cen weeks supply, The mills there are
grinding over 900 bushels a week, and
the Duluth mills ara adding to the con-
sumption. Minneapolis and Duluth togeth-
er have less than 1900. go bushels of all
grades. and the visible supply is much less
than IL was at this time year ago, all OF
which would indicate that the visible sup
ply viii be exhausted before the end Of the
crop year. Minneapolis is predicting May
and July wheat al $40.
In other than food markets the effect OK
the war Is noticeable. Several Seattle dry
goods houses are in receipt of letters from
Eastern correspondents. noting advances
III duck and colored staple cottons FOR
the cause or the active market. These cot
ton goods have helped aimoss everything
IN the dry goods line. and brown goods are
active. Certain grades OF shirtngs have
been refused TO purchasers at usually pre-
. vailng figures.
In sympathy with the attitude of the
United States toward Spain, the Internal
warfare between the railroads continues.
In fact it has, n the three months during
witch IL has been vigorously prosecuted
resolved itself into commonplace con-
.foyersy. III which the public has the long
end OF II. while the American roads gnash
their teeth a, the Canadian Pacific in wha,
Is charged as lis unjust demands, and
the Canadian Pacific keeps on saving
wood.
There now threatens 10 be an entirely
new feature introduced at no distant date
that promises other sensations than thoss
of eur rates. Word from st. Paul, which
is the principal camp in the war. Is to
the effect that when the Interstate COM
mercs commission meets there on May Is
the $40 line, which Is regarded as the
Canadian Pacific road n the United
States. Will present 10 the commission
charge OF boycott against the $40 line
by all Of the s.. PauI-Chieago lines. the
Wisconsin alone being excepted. This
boycott is charged as a direct violation OF
the law. To meet the effect OF the boy
C9fL 1t IS sad that the 500 lire had re
sorted. "a an extreme measure In passen-
ger warfare. upon the appointment Of In
dependent agencies AL over the country
for the placing Of orders. Il was deemed
Incredible that the 500 would resort 20
such expensive tactics 10 continue 3 fight
for differ nt:ais. bat the Canadian-Cn.ted
States line has, X Is sad, sent half
dozen agents from Minneapolis 20 differ
en-. parts OF the country TO select agents
and establish agencies
From this il would be reasonable to in
fer that there Is to be no truce The SEQ
expects. with several hundred new
agencies, 10 more than double its business
The present rate war VIII undoubtedly
continue for an indefinite time, and as
the public DOES not take a sentimental
sie~ OF the situation and is only inter-
es;e1 In It's own benefits, il will keep on
riding at cheap rates as long as il Is
allowed.
Yesterday Il was stated On positive aa-
thc-ssy that the 500 and ths Canadian Pa
ctfi, ara selling tickets from 81 Paul 20
New York for sI3s1 THIS is cus OF 81 20
or .se price for transportation retsiled by
Is. @s~<r~ at. = 50