The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-05-07

days session. III cents from Tuesday to
In1rsday night and 2sis cents for the
advances and all expectations. though a
rsacfion OF IL cents naturally followed On
!FIsaay Western receipts. after averag-
four months. have suddenly risen 10 more
than 10000 bushels. Exports have not
ceen checked by higher prices yet. but
nave n caused Us them, amounting for the week
20 -. - SO bushels. fiour Included. again,>
LxN.iSs bushels from Atlantic ports last
year. and SIS. SIS bushels against 965S
bushes from Pacific ports.
ne remarkable rise or Thursday was
largely due 20 the removal of duties by
France. and 20 the probation OF exports
oy Russia. both showing the extraordinary
needs abroad. 80 that the rise OF 2Sia cents
in the last week Is not without excuse In-
oustries have received q wonderful stisnu-
tus from the conviction that host!lities will
not last long and from heavy government
orders. Besides the great demand fer steel
plates and other iron products and am
mutation. the government has ordered
10000 yards OF wooden cloths. ls5e1
great quantities OF provisions and other
supplies. and meanwhile revivlng conf
dence has multiplied other demands. IL -
not due to domestic conditions that the
big warships have been taken by the
Cramps and orders for rails from Mexico
have given good start TO the rebuilt
Colorado works.
Four large merchant ships have been
ordered from the Delaware works. plate
mills are crowded. and. at the same time.
one establishment far in the interior Is
bidding on foreign orders for ae0 tons.
while car and rail works continue TO re-
ceive orders and demands for agricultural
implements and fencing goods beyond the
ability Of the works in some eases.
Textile establishments have been receive
Ing larger orders within the past few days.
outside those from the government. SO
that the stoppage or reduction OF time In
~~~.%t - \.
been premature. Wool has declined about
a half cen; in April. taking the average
OF leo quotations by Coates Bros, and the
better demand for goods has cansed more
inquiry but thus FAR no improvement IN
prices.
Failures for the week have been 23s IN
the United States against eI last year.
and 70 in Canada against IS last year
Bradasr~-ra Financial Review.
NEW YORK. May S-Bradstreet's finan-
ciai review tomorrow viii say:
Last weeks extreme dizziness has given
place to an active speculation, the feature
of which was the crowds purchasing OK
securities. The movement began on Sat-
urday. when. under professional leader
ship. the market showed considerable
strength. and on Monday. when, Tie news
OF Commodore Dewey's victory Al Manila
was received there was an influx or buy
ing, both for long and short accounts. Tho
movement was checked on Tuesday, more
by the fact that the next day was hoii-
DAY IMAM Dy the absence vi suttuSt
nation from Manila. or by the lack OF es-
idenee 10 substantiate the belief that
Spain had accepted the lesson Ok her de-
feat and was willing TO end the war
II may also be noted that professional In
terests which bought stocks heavily dur
ing the recent depression. either because
they were cheap or to support their own
specialties. sold considerable amounts, and
ings on Tuesday. On Wednesday. how
ever, London contributed to a renewal OF
the rise by taking a round amount OF
such an extent that the borrowing de-
mand for stocks for delivery was matert-
ally reduced. and commission houses in
most cases reported Il decided accession TO
outside buying orders. Increased activity
was accompanied by general advance
throughout the list the only tangible rea-
son apparent that the growing belief tiIat
Spain Is clearly outmatched by our navy
being the evidence that her internal po-
lit.cal and financial troubles render fur
Their struggle on her part absolutely hope
less.
The fall OF Spanish tours to below 80,
the rise of the gold premium at Madrid
from 50 TO Iii and tie run on the Bank OF
Spain and other institutions, were con-
sidered a justification Of this view.
Bank Clcnrinxs.
The following table. complied py Brad
streets shows the bank elearings al nine
~ cities for the week ended May ), with
the percentage OF increase and decrease.
as compared with the corresponding week
last year: