The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-03-05

print cloths. The strength OF raw cotton
has had an encouraging effect on south
eFn trade. which Is generally reported 5000
and better than usual a. this SEASON. Inc
export Of corn from southern ports is an
additionally favorable feature. waile tns
practical agreement Of southern iron pro-
daceTs as 10 prices and generally satisiac-
tory collections AZ most points has impaired
a decidedly cheerful tone 10 advIces IRON
tina. section. Trade i larger than usual AT
the Central West. particularly in dry goods.
groceries. boots and shoes hardware. ian-
Der and agricultural implements. the do
Tnsnd for the latter being "A notable fea-
ture AZ nearly all markets. Spring trade
has opened I'D wei IN the Northwest ana
the jobhing trade Is quite active Signs are
accommodating that the rush OF all sorts OF
vessels to the Pacific coast 20 take part IN
the kiondike trade has begun 10 AFFECT
charter rates. which are reported weaken
at San Francisco.
Cotton goods display strength. although
print cloths or regular widths are some
what easier. Ginghams are IN better de-
mand than for several years past. Spring
business in woolya goods has been rather
Disappointing but good demand for mems
goods for fall delivery Is reported. and tha
mills are well supplied with orders. WOODEN
manufacturers are not IN the market for
raw wool 10 any extent. but prices are stu
firm.
A further shrinksge In wheat exports. but
corresponding engagement Of the ship
ments Of corn and the lower priced cereals
Is indicated this week. The total exports
States and Canada aggregate 5, $500 BUSH
els. against 3, 600 bushels last week.
aos5.M1 bushels In this week q year ago.
s,4ol.ooo bushels in 1895 and S.s'2,e0 bushels
In 1895.
Business failures in the United States for
the week number 81. as against lS for hve
business days last week. 20 in the cerre-
sponding week of last year. 2ie in lSss ana
30 in 1886. Business failures In Canada ag-
gregate q. as against Il last week, II In
this week OF 1897. S. in 1895 and IS tn 1925.
BraJstreet's Financial Review.
Brads,reet's financial review tomorrow
Early in the week speculation developed
tendency TO recover from the depression
which in the preceding week had regis
tered sharp break IN prices.
The relations OF this government with
Spain have continued TO be the prominent
factor of the situation. and though there
war. the tendency Is 10 walt for develop
ments. and there has been an evident Sus-
ceptlhility TO bear. attacks. one OF which
was made on Friday and caused a sharp
recession and a weak close.
The public parted with It's speculative
holdings on the break. and the market has
been TO an increased extent in the hands
or professional operators. The investment
market has also shown a susceptibility to
the same class Of influences. and while
railroad bonds have been firm and recoV-
cred moderately from the depression, the
transactions In that department OF the
market are very much reduced In volume.
list has exhibited seemed largely due 10
covering by the short interest and rapid
manipulation in prices at the beginning
Of the week appears TO have pretty well
eliminated the bears.
Large interests have extended some sup
port TO the markets. and stocks seemed to
ve passed rapidly into strong hands, al
ments regarding Spain and Cuba, rather
than TO resume active manipulation. Tho
market was greatly relieved by the easing
OFF OF call loan rates. Little attention was
given 10 the accompanying hardness OK
exchange. and the suspension of gold inn
ports with a total OF about S5.3o.oco gold
from the other side. London, inclined TO
buy moderately at the beginning or tho
week has since realized moderately on the
stocks which she purchased on the break.
The gratifying character OF the news
about general business and the directly
favorable character OF railroad earnings
creates an underlying bullish sentiment.
and the street at large shows more or
less confidence in the ability OF the market
10 respond TO "A favora Bile development in
the foreign situation. though the cautious
and restricted character OF the trading by
professionals has caused narrow and fire.
ouent fluctuations In prices.
bank CIenriDgs.
The following table, complied by Brad
street shows the bank ciearings tho
leading cities for the week ended March 4
with the percentages OF Increase and de-
crease az compared with the corresponding
week last year: