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


NEW YORK. May Ia-R. G. Dun
- s weekly review of trade tomorrow will
say:
ies;i-ities have lasted long enough to
Ill many predictions. but few Americans
The European notion that the United
states would begin by having a bad half
hour: the theorist notion. that every
body knows great panic must follow the
that everybody would ne ready TO sell ev-
erything cheap II war came: the notion
that II would pay to hoard money until
made iaughahle already.
The only panic was when money lenders
were wondering what impossibil.,ies the
future might have In store for them. The
on.~ lfindrance 20 industry has been due
20 waiting Of buyers. who locked for lower
prices. Nothing dishear;ening can be seen
in the Industrial situation. except the clos
ing OF some cotton mills owing 10 over
production and the fall OF print cloths TO
!.S cents Gotten has not risen above s 81
cents. and as many stories of reduced
acreage are current. as year ago. but
they do not weigh much In view of the
actual receipts of 100000 bales
The sales OF wool have been only 4.005 GO
pounds at the chief markets for two weeks
against i4,53a 80 pounds last year and H.
2f6 $50 pounds in 1897 but prices are some
what more Arm and there is more demand
for goods apart from the large government
orders.
The demand for boots and shoes. hav-
iHg passed all records in recent months
has ghated and yet many orders are COM
ing forward and just at the point where
tusTe IS general change from one season
to another. Leather is rising. with no
active demand. and hides a; Chicago have
advanced about per cent. in spite Of
the far that cattle slaughtered at the four
chief Western markets this year are con-
siderablv more than IN any other one year
except IN iSai ard 1894.
The output ~ pig iron. 2i3 $40 tens week
". May !. against ~ $50 April /. shows
practically 10 change. excepting the in
crease Of s55 tons weekly n charcoal iron
T'ed0cIiuE the unsotd stocks. which IN
creased IN April Z35l5 tons The apparent
consumption IN that month vas q $50 tons
daily against 31.g59 tons daily during the
previous four months This general ex-
pectstion OF expanding demand holds prices
steady for all finished products OF iron
and steel. EeSsgrfeT pig Is lde higher at
PsttsburE. with other quotations there: al.
Chicago and az Philadelphia practically
unchanged
Government orders are heavy. and vet
cover hut little OF the consumption. though
they go far TO cause the overcrowding Of
s7-ryards ard plate mills bat higher prices
Tor wheat Rave brought an enormous de-
7eand for agricultural implements. and
also for locomotives ana cars. while very
many buildings IN Western towns and or
ters for many railroad ard other calls for
lacal improvements At Chicago. and for
=. sssa tons q stee- ran az the East. make
sp Z heavy volume.
Money II easier since the policy ~ cor
action has ceased. and only 81 20 Gs9a went
- the interior during the week white the
new loans % the chief banks averaged IS
per cent. of the total % commercial inter-
ests. Is against = per cent. ore week ago
aud = per cent. two weeks aga with rates
suHch Tower than were reeensgy refused.
The govern g7eFst Is PAYING tseld over the
counter largely. because II needs notes
mere shan coin ard s. 80 fsa in gold mas
sfaan ordered during she week s. - so
f-ena Australia. u3axivz &7s ~ - ordered
cf wh.eh about s3i.sskl 5ssf has yet 70 come
Failures far the second week ~ MAY
have been g. a-S so against 81 So 81 las Z
rear and ssiSs@I - 1ss~s, manufacturing
s. 4alg5S. aEaiass S.e4552s last year
Futures fer the week have been Us 97
shss United States aga.us. 81 asst year and
"A n Carada against Il last year.