The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-08-20


ana ssses. tas generally favorable railway
sxrnaEEA wssieh. IN default Of 4 large
movement q crops 10 markes. point 10 a
. - * ~s1-a trade IN ss,.aasassass>a xoeas
ports Of continued activity in ssssrEsative
sraG" west and Sc@sh. with xlxya OF a
Msoeerase trs:rsssss IN interest a. leading
Eastern zns-kess which hitherto have no.
shared largely ia TIE trade improvement
The IMMENSE business doing in IRON ard
sesss rsrrdacss a. advanced rFiosx calls az
expansion of crude s-oc psvsaletlcn. aag
IRON Statistics In fast, point 10 All even
smaller output for the cGrrsat uonsA.
sozne q ~aseh css-;aEsmens, Of course. IS
naturally based upon midsummer eoEts-
taonx. Advances IL many gyxGeS Of irozs.
notably Bexsemer and Southern psg. are
features OF the week. as are also higher
quotations <ov steel htlEsts e.; nsarlv Al.
markets. wire rcds and q great many
classes 1t finishing iron ard sers4. tsa<Sse
i&i&y structural material Advances n
cooper. Oh the strong stasissicai position,
and IA lead are among the Interesting fe<.-
lures In the metal trade. Al the West
Iron ard egees are particularly active. ana
TIE large number of orders already booked
prices ard favor an advance on future
business
The situation In CEREALS Shows bot nttse
change. The balance established between
paezlonenaify reduced visible supplies. act
I've milling demand AZ home and fair ex
t0Tt inquiry on the osie hand. and the very
promising erop outlook Oh the Other aaud,
tends 70 xtex1icsS3 Id prices, and The other
cereals sytnpathize aith wheat.
Reports as 10 collections the country over
are very encouraging. From wintev wnea;
sections especially reports are very good.
some saawae<e IL nosed la payments at the
Northwest. but this 10 expected 10 dis
appear when the spring wheat crop moves.
Business failures are larger In number
Isl last weak, but compared with ri in THIS
week year age. "a in iSs. lss in 1885. and
81 in isSi
Buyers are appearing IN Increasing num-
esrs at leading Western markets. Chicago
reports Increase! activity On dts.ribut!ye
trade on country demand. with dry goods
shipments especially large. Sales OF iron
and steel are restricted by inability to de-
nVer. The short pack of canned salmon
has advanced prices. Southern and West
ern buyers are arriving al ST. Louis and
dry goods. boots and shoes. mats and caps
are ali active. Advances IN structural, iron
are feature and the Tin plate and sheet
mills are behind on orders Kansas City.
st. Paul. Omaha and Minneapolis report
active trade. Eastern Mississippi and
Northern OAio river points in the West re-
ports are not 30 ssttering. but a steady
business Is reported doing with some slight
improv ement az a number OF markets.
At Memphis the outlook Ia for the aeay-
lest business in the history OF the city.
but damage by cotton worms in Texas az
fecis trade at Galveston. In the South
improvement n trade, on the Pacific
coast. while business ~ quiet in California.
the large crops OF Oregon and Washington
are expected 20 make fall trade lively. Or
egon fruit men are doing good business
and are shipping to California points. A,
the East more II doing at Baltimore.
Southern buyers are increasing In number
and stocks are reported heavily reduced
Business is active al pit.sburg, iron and
steel being especially So In wool and
wooden goods business is only moderate.
and manufacturers buy for present re-
auiremen.s, Orders for mems wear goods
for the spring trade are coming In better.
Wheat shipments for the week. includ-
Ing -four. aggregate ass, sss bushels. IA
against 3,SS58 bushels last week. and
compared with S.3lsss bushels In this
responding week Of lSss. Saaa. 2io bushels in
1885 and 3.ls2. LOO bushels in 1884.
Since July / this year. the exports o.
w.lea, aggregate q. so sss bushels. against
q sss 80 hushels last year.
Canadian trade is quiet. but the tone Is
one Of care based primarily upon expected
yield larger than ever before IN the Do
minion'. history. In British Columbia
as a whole is disappointing and prices tend
upward Business failures In the Dornin-
ion of Canada number p, against % last
week a in this week a year ago. 30 IN 1896.
and 81 in 1870.
Drndstreet's Financial Review.
Bradstreet's financial review tomorrow
viii say: This has been week OF active
come into the market, and buying. which
at times assumed an almost reckless ap-
pearanee. has extended throughout the
share list. Large professional interests
have taken up various parts OF the list
In succession and found the public ready
70 follow their lead. The conspicuous
feature Of the week was the .sranger
stocks, and the mos. striking inc:asnt the
increase Of the Burlington dividend rate
80 III per cent. quarterly. or per cent.
per annum. THIS announcement, coming
seemed likely 10 react under taking Of
profits by traders, kept up the excite
ment and advances for that day. while II
resulted In dealing to the exten, Of 300
exchange has had IN. some time. On
Thursday, however. there was more or
less. reaction throughout the market.
profits being ,hken freely. while at the
buying. On Friday the market tended
20 recover still further: the supper. was
erred. and the close was I'm many eases
at or near the highest level Of the move
ment, The market Is certainly broader
than FOR long time past Commission
while as yet it cannot he said tina. the
public has taken the market away from
TIE professionals. the latter seem to have
much lass coutroi than usual. Some Of
boom are present and the street AT large
Is apparently inclined 20 beiIeva that If
IL does not become a boom the rise Of
prices and Increase OF speculative activ-
fty viii continue for some time at least
The principal DEVELOPMENTS OF TIE week
have all tended 10 favor the bi,i side, the
effects Of peace being supplemented by
a further good crop reS%9Tt by an .Iscresa
in earnings ana by the advance OF Ausarf-
cans IN LONDON Ard tbs appearance OF a.
disposition On the part 81 Foreigners 70
ssss Flssf a la. y
end Of Ire week. wss alsa Noted arnoag
the favorable circumstances
Hank Ciesrtaxs.
TIE following table, compiled by Brad.
street. SHOWS the bank ciearincs at *
cities for the week eaaes. August Is u;th
tire percentage OF Increase ard decrease as
compared With the corresponding week
hast year:
New York ......3 So 81; -: Isa
7fxs<f In ing