The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-06-04
THE STATE OF TRADE.


NEW YORK. June s.--R. G. Dun &
Co.'S weekly review of trade VIII say to-
morrow:
MAY having been the first fun month of
actual war. the fact that failures in
that month were smaller. even though but
little smaller than n the corresponding
month last near and nearly 10 per cent.
smaller than in May. 1895 Is somewhat
encouraging. the more so because a year
ago the remarkable decrease in May gave
proof Of the heavy improvement In bust
ness. which made the year so gratifying
In general results. Large failures were
eight in manufacturing for So 3s5 90. this
year. against thirteen. for s.. ssooo. last
year. and in trading 1--WE. for $3.50 1Go.
against ten. for sl.572.017 in 1897. Hesita-
ton in extending the usual credits soon
after the war began naturally affected the
soon gave place 10 steady and increasing
confidence.
Wheat dropped 7ac from the highest
point after the May deal eliminated and
has since been weaker for July. because
OF accounts promising an enormous yield.
Those who were nearest the truth last
year now predict about 700. 600 bushels
for 1893. and all accounts make acreage
much larger and conditions much better
than year ago. But with s.f5 still paid
for No. red In the elevator. and a foreign
demand taking 6.294 1875 bushels. -four in
Guided. from Atlantic ports for the week.
against 2.l6o. Isl last year. and $50. 4s9 frcn
Pacific ports against 1922 last year. the
decline evidently hastens the marketing
better chance. IT is not less surprising
that Western receipts for the week were
1853. 80 bushels. against 2.9s9. .S last year,
although the crop has been by some 'up-
posed TO be almost exhausted, and corn
receipts were also z.o7s.4 s1 bushels. against
61l6.5a3 last year. Exports of corn for
against a2s.5s6 last year, and for the first
time in their history exports of each grain
have about reached ao.eeo.o0 bushels in
the same year.
tx~rnl1u ,,0ix aro
what larger demand for goods in part
from government orders. and are averag-
ing about / per cent. better prices for goods
than month ago There is not much
demand for wool. which is still held in
the main above the views OF manufactur-
era and prices have declined an average
OF &c per month.
The iron and steel manufacture leads all
others In gain over previous years 10
consumption Of pig being apparently more
than i0a0oo tons per month, or Us SEQ
tons each week against Ia no tons per
week in May. 1850. an increase OF sss per
cent Works beyond the Alieehenies are
crowded with business. and while some
Eastern concerns are running part time.
e felt most I'm this section. Above all
Others In significance ia the wholly UMPIRE
cedented demand from agricultural works.
which threw in the shade ali their past
orders while the plate and rail manufac-
tuners are beating all records, partly with
foreign orders, one for Canada having
Structural work IA very heavy. the West
furnishing 4 large share OF ~. and In sheet
bars and rods for fencing the orders are
large. Prices OF pig have been somewhat
Sirengt hened by thu enormous 5uying or
ders for Bcssemer and basic at pittshurg
and OF charcoal at Chicago.
Failures for the week have been 90 in
the United States. against al last year.
and Is In Canads, against y last year.
Brnd~treets Review.
ByadseYeets tomorrow will say:
The general business situation might
Well ne expressed hy the single word
outlook reported in nearly all the grain
growing sections Of the country. and par
ticularly as regards the growing wheat.
has been Of nature 20 dominate the en-
Plus whea t-ETowiEg states there comes bllt
one report. that Of large acreage. ex-
trerneiy good weather and crop conditions
already forsssha8owtag an unprecedented
production of the king OF cereals. VITA
tina steady ana favorable progress making
toward a large wheat yield has come the
and considerable qaleiing dowri of specu-
lative fever ard prices. The close Of the
week Witnessed IN immense shrinkage in
the price paid for cash wheat. So COM
pared with a short time ago partly the
resaiit o. course OF former high pricss sn-
aEc!ng s. freer movement of reserve wheat
stocks in sigai. nots oniy at home
bat abroad TAat the nit innate efyers 81
the declines has been beneficial ra sae- than
otherwise. however. So evidenced by The
increased inquiry Of exporters fox wheat
and corn. and the total movement fer tbs
week rs a recGrd-hFeakinw one for this
period % TIA year. ACCOMPANYING the
decline in wheat however there was n
sympathetic fan IN osts ard sour hat sorn
10 higher or crop news ard increased sx-
pert demand.
Reports ga - fJstr3SutfSe trade sra err
Ccuregtas. ST. spiss % the a1ason 4
hopeful feature ia the generally reported
good trade at refail. not oily q: the West
but also East. where Enfax1-asls
Yea f1s~ conditions have heretofore checked
6sss already received soT fsa delivery By