The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-02-05
THE STATE OF TRADE.


NEW YORK. Fob. 4.-R G. Dun & Co.'S
weekly statement of trade Will say tomor-
row:
Actual payments through the clearing
houses in January made remarkable
shown much larger than in any previous
month. 3h.3 per cent. larger than the same
month last year and IL per cent larger
than In 1892. The failures IN January were
smaller thin IN aNv other January since
ISL. The statement ~ branch offices
given this week shows a surprising gain ~
most departments Of manufacture and
trade, Meanwhile the mcney market Is as
confident as ever: gold does not come
from Europe an large quantities only be-
cause bankers find ii worth while to lend
money abroad and The balances are heavI-
" In favor of he United States.
PERHAPS the most striking feature OF the
week has been the decline In wheat. With
exports OF 2,09a.5l' bushels. against l. 3i6
last year flour included. from Atlantic
ports and as $40 from Pacific ports against
Sii 3iS bushels last year. the temper Of the
market has been weaker. The report OF
influence, although its ngures are not gem
orally credited as reliable. The wheat
market has turned largely upon the opera
ton OF a Chicago Spectator. but the fact
r. mains that the price depends largely up
on foreign need of and upon the scarcity
of the American supply.
The iron and steel manufacture is steadl-
~ gaining In pig iron. although the pro-
dGcticn OF the material is sill in excess
OF immediate demands. but rot enough 10
cause "A decline in prices in Ptttsnurg and
are able 10 get a fair price AT Chicago and
AZ the East. and anthracite pig Is un-
changed The demand for finished PROF.
ucts haS been very heavy and includes for
structural work - 900 tons for the state cap
iiol building ia Pennsylvania 4.ssr tons fer
the court house at Denver. 900 tons for
elevated railways al Chicago and numer
Gus small buildings IN various parts Of the
country THE demand for car building has
been very heavy both n the East ana
West and the plate demand Increased at
the East on account OF orders IRON snip
yards.
works has been very active. The prospect
OF . combination Of wire manufacturers
has stimulated the demand and raised the
price for wire rods. Tin IL quiet and
Steady M So ~ with a visible supply Feb
ruary ] Of & l20 tons agains; - $50 a year
ago. Exports Of copper IN January We're
about 10 20 tons. against 1905 last year.
and the price is held At L cents FOR lake
There Is better demand for cotton
goods since the general stoppG2e Of works
AZ the East but there - no Indication as
TO material gain as respects unsold stocks
On hand.
In wooden goods the demand Is alto
Cefhcr more satisfactory, AN advance 81
about - per cent. being paid on most
grades 81 the finer woo3eBs and sF0rstetls.
and nearly al the mills ara active.
The sales OF wool at the three CHIEF
markets were s.S6l +4 pounds, OF which
5ss3b" pounds We're domestic. against
u -s3.1lo bounds i3et year, OF Thich s4a3 -
60 pounds was domestic.
Failures for the week were - I'm thu
United states. against III last year. and
- in Canada. against - last year.
Brad~trref- Financial Review.
Brads;reeta financial review tomorrow
VIII say lrt"gGi8Tity has prevailed 10 q
considerable extent in the action Of the
stock market for the past week. 4 strong
uudertone asserted itself in the specula-
lion, ard a concessions there was very
coed I0blic demand Tor stocks At the
same time The impression was created
That IN some cases the result ia prices had
gone As far an existing cIrcurns .ances
warranted. and that the larger class Of