The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-06-18

II
feeling in the cereal markets. au, the ex-
pert demand Oh early placed 0TdeIs has
Improved. and more IS doing BY iioIr Mill
erS.
Ii IS true that the continued wet weather
in sections west of tse Mississippi, Is at
feeling wheat harvesting. eUt trade opin-
ions points 20 a crap % %, ot0.ssa bushels
OF wheat and large yields o. other cereass.
The Gotten yield may be slightly smaller
than last year. bat this might easily be
compensated for by an advance IN The val
Qes. which are higher on the week.
rather quiet tone IS shown IN the iron sit
uation this week relatively the most ac-
tiei,y being exhibited at TIE West. New
buying is restricted. hui mills ard fur
naces are turning our d heavy output. and
the banking OF furnaces is looked for 10
give the tone 10 quotations OF tie new
products.
Cotton goods. If anything. are slightly
improved but raw wo0l is stin under re-
strie;sd demand because manufacturers
find new business slow. The price SlIua-
ton for the week reflects SteadlnesS the
only important decreases being in Sontn-
ern pig iron. wheat and -four. wnl,e heSs
are higher at the West, number OF met
ais have been advanced, and oars. corn
lard and cotton note fractional adVaScts.
The West and Mort invest continue tue
SCsne of relatively most activity. aiHe IN
demand and movement Of merchand Sc
The excellent crop prospects IN the NoTtn-
west are reflected IN a satisfactory TRADE
fin seasonahle goods and a relatively 1afse
volume OF orders for fail trade. ~it0 the
aggregate sales al most cities heavily III
excess OF the correspondents week IN feSe''
years.
Wheat exports for the week assregate
42sO So bushels aganst 4.5Se.sS2 bushels as
week. $40 bushels In tn,s wesh a yea a,
ago. 3 oan 323 in 1895. 2S,,2Hl bushels ID
1895 and 997 90 bushels III 1894.
Business mortality is at low p9iat; tail-
ures fer the week number only -V', tout-
teen smaller than in Ihe pfecealhE MS St-'>,
nineteen less than iii the CORES ponalhs
week of last wear and only twelve larger
than in this week of 1881. when restriction
of credits and dull business was most
Failures in the Dominion OF Canada
number 10. a decrease Of seven from iaSt
week Is from the total in TINS week e.
year ago. Is from 1896 and of II from lsse'
Bradstrect's Financial Review.
Braastreet's financial review tomorrow
viii saw: A reaction IN values occurred
early in the week. resulting in more or
less liquidation and bear selling, anu =
share Hs.. The declines. except in a few
instances were not severe. considering me
extent of the previous bull movement ana
the market soon became steady ana late,
in the week gave symptoms or renewed
advance This was. however. mainly on
short coverings, and one OF the effects o.
ghe check to the markets rising tendency
was the decrease Of public participation.
professional manipulation being once more
very apparent. London was purchaser
OF stocks 10 a limited extent on the de
C..ne. Dnt Inc active iIilcltSi <AASi N.a'A'
there is small and the London market
generally Is sluggish and narrow. Al the
end Of the week iIdustrials and special
ties were the principal objects OF the trad
ing. The bond issue and the war news
have, of course, been factors. but the
principal influence in the market this week
was the collapse ot Letters grain opera
tons at Chicago.
II is now recognized that this was hang
ing over the market for little. time, and
was the probable caUse for the change OF
leading operators from the bull side Of
stocks The actual news of the develop
ment at Chicago last Thursday was how
ever. n surprise and a disagreeable one 10
the street at large. The Western con-
tirgent was a heavy seller of stocks, and
there was a general fear that banks or
other large interests might be involved.
which were promptly reflected in the
course OF prices for railroad securities.
Indeed. the feeling Of apprehension on this
score was not thoroughly relieved until
the close OF the week. when it was appar-
em.iy established that the losses would
fall mainly. If no. entirely. on the chief
actor in the episode and his backing. In
this connection 4 may also be noted that
West and tine damage TO the crops have
been influential to the bears. while the
continuance OF rate cutting, both East
and West, has been held up as an unfavor-
able element in the situation.
Bank Clcarings.
The following table. complied by Brad
cities for the week ended June Is. with the
percentage of increase and decrease as
compared with the corresponding week last
year: