The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-01-22
THE STATE OF TRADE.


THE STATE OF TRADE.
n. e.. Dan 4 Co.'s Review.
NEW YORK. Jan. 21-R. c. Dun & Co.'S
weekly review OF trade will say tomorrow:
With a volume of business remarkable
,b the time Of year 3 per csn, large, Iarger
IMAM IN lS2-in payments throngn Clearing
houses-it IS not discouraging that one or
Two industries are tagging. The demand
son. manufacturing works are bttter siit-
pioyed. and orders booked and In prospect
Tor the future are more encouraging tuah
AT this season in any other year OF wnicn
equally definite records exist.
Exports OF products continue Surprisingly
n avy IN spite of some rise IN prices
treasury receipts from customs were TAI
er IN twenty days of January than IN tne
entire month of October or November ana
the apprehension regarding the monetary
future is no longer felt outside OF specu-
lalive circles. Failures are considerably
smaller than were ever known at this sea-
son. both banking and trading being less
than last year. Railroad earnings IN jan
uary thus far reported have been loe per
cent. larger than last year. and lo5 per
cent. larger than in lS92.
The rise in wheat above dollar IN regu-
lar sales was not accomplished by signs or
speculative excitement. In fact the con-
tinuance of extraordinary exports. 2.s4s 100
Atlantic ports. against l.57S.2i5 last year.
and for three weeks. 9ei2 49, bushels
against 5,559,532 last year besides 4,o3e9i
from Pacific ports for three weeks. would
give an excuse for high prices even II tne
corn exports were not enough 70 Suggest
foreign need, amounting to 9.2la. lss bushels:
against o.1A2sS for three weeks. The tact
that cargoes of corn were shipped during
the week 10 Egypt and Russia. the very
countries upon which Europe most relies
for breadstuffs. next TO the United states
affected trade. Just when an unprecedent-
ed production of pig iron was causing
weakness. an extraordinary demand Tor
finished products appears: For this sea-
son. at least. the general demand Is be.
vond precedent. including 10000 tons of
steel rails for the week and 100000 ALREADY
this year. Orders for plates are so large that
concerns. unable to fill all they receive. or
ders for bar such that many concerns are
obliged 10 refuse. most excellent demand
for sheets and fair for structural forms forms.
10 combine the makers of wire ana l,s
products. The prices of all finished prod
ucts are sustained by the demand, though
Bessemers pig Is &c lower at Pittsburg, bur
pig at Chicago Is strong. with some pro-
ducing of finished forms delayed by us
scarcity.
United States against 400 last year. ana
50 in Canada. against G. last year.
Bradstreet's Report.
Bradstreet's tomorrow will say:
A large measure of activity In business
and industrial lines, in certain instances
orally steadiness in prices OF staples. ~
perhaps the most notable feature OF the
trade situation this week. Quotations or
cereals show the most aggressive strength,
while those of some makes of pig iron be-
tray ather a more decided weakness than
they did a week ago. Mild weather is IRE
uuently mentioned as an influence tending
To check retail distribution of seasonabie
goods chiefly because OF the effect on
country roads Spring trade opens slowly,
as usual at this time of the year. but eonii-
l. Ell 1.flirr M
mated. the immense current production OF
pig iron, amounting to fully lWoeo tons
per month. has begun to exercise an innu-
ence upon the price of that staple. but de-
creases reported are still only fractional.
The outlook In the steel rail- trade Is re-
ported as hattering one Large orders
for railroad account already booked have
been increased within the week, an exam
nle of this being furnished by sales OF l5.Wo
tons reported from Chicago at fuii prices
Higher prices for wool abroad. based part
Nv on short yield reports. are reflected IN
the trmness of domestic quotations al
though the demand. while comparing Wen
with most preceding years. Is smaller than
II was at this time In 1897, when the tartn
changes were being anticipated The in
dustrial situation with the single excep-
ton If the cotton industry, Is one or ex-
ceptional strength.
Business Is active at Pacific coast points.
California crop prospects have been kn-
proved by the recent rains. and ship and
boat building are very active along Puget
sornd and at Portland.
Quite \ sshrinkaGe in cereal exports Is IN
diCated by reports 10 Br3dstreet,s this
week Total Shipments Of wheat. -four in
Guided from the United states and Canada
amounted "a only go bushels against
a.22a cHf bushels last week. 2al6.on bushels
this week year ago, 3,Aa. aa bushels IN
f~S ana 3 SO etn bushels in the third week
or January. 1Sa5.
A further falling off in the number Of
business failures il reported IN the nited
States this NIX he total being only .hk'.
as against 2G2 last week 4ss in this week Z
wear ago aud ia In this week OF 1895. sl2
In 1895. and 32S In iSai Failures in the Do
mtnion OF t'snsd. show q further falling
off. amounting this week to only u.s. against
- last week = IN 1897. y in lsss and :. n
1874 bat slightly exceeding those OF 1875,
which numbered .
Brad~trcei's Financial Review.
Rradstreets financial review tomorrow
will say:
Irregular speculative conditions pre"ailed
during The week Realizing ~ pfotts
and bear att9rks OF prices have been seen,
the latter being hasea on the revival ~ the
tuhsr agitation 3u the house o. Ter re~vo-
t8tiVeS ~ Nashirgfcu ard OF silver meas
pres IN the senate On ths other hand, at
declines there were evidences II buying.
ard IN one portion Of the market FORMAL
degree or strength has been shown.
This groun includes the stocks of the
Northern and Union Pacific. and he COM
panies whose titles include the narre OF
strength was the growing belief that the
comp Afl's iD ~ stio0 viii gAl1 al rNcr-
nous amount 81 traric in The coming
spring from the transportation e. '1e pas
ssngers and freight destined - the Alas
kan gold fields, The strength shewr ia
this p"Fi of the market 10 some extent
c0nnteracte1 fhe brar!sh dem 5nStFat ions
IN osher parts al the market II ne bond
Hist, which Was very active. though mol "a
such an extent as last week. the features
~er@ 2iSa lare N furnished oN shls So
called "kloHdlke' group Of COMPARES.
Another feature was the local traction
stocks eut Manhattan was subjected 10
more OF less realizing and Aetrfpsltan
street Raiiwey which advanced ~ l$fi4.
suner~,t q mild niGwesk decline. London
i{ss Il was unS q factor IN ire marEet here;
ia fact the Sssshlir fh@Te ass Inclined 20
take a. unfaEcrable view OF the revival %
1he SILVER 4esits siou IA eonsrsss. pn The
other hand Fegfin ana Amsterdam have
tses=n large purchasers ~ Nortnes4a Pacific
@na DtoD Pa nc securities.
Ths ia0ustri4Is. Nth the exception 81
~ggsF. wHre Neglected and thae stick WIS
srTeguiAr ard gefev<iis weak eSceps y men
covering ~ The short interest gave il tenn
DGrafy advances. The N8naerfijtz were
strong ~ srfte - Some sTecul tive tear
EEWG and the Changers followed u sgas 4