The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-06-11
THE STATE OF TRADE,
X. q. Dun a Co.'s Review.

NEW YORK, June 10-R G. Dun &
Co s weekly review OF trade will say to-
morrow:
The certainty that the Spanish Atlantic
neet is imprisoned and power!ess 10 do
harm has helped 10 make the tone of the
markets more confident Every step Of
progress during the week, which has
looked toward an early termination OF the
struggle, has been reflected in the marke,
and in lower rates Tor money. All indus
tries have felt the uplifting influence. In
finances the growing anxiety TO lend on
even long exchange at low rates in place
of shipments OF gold 20 this country be-
gins to accumulate a standing credit in
favor OF the United States. A stronger
situation il would be difficult TO describe
Men have been buying and selling stocks
with some blindness. though the course Of
events has al the time warranted "A higher
market. ctner countries have yet 10 pay
in some way an enormous balance TO the
United States on merchandise transactions
and II Will save spectators much trouble
ard less 10 keep the fact In mind.
Men talk as Il wheat had gone down cut
Of sight, but the collapse Of the May specu-
l2t5on has on.y made IL more evident that
the outside world requires nearly. If not
quite all. the wheat this country can
spare Last week Atlantic exnortg f0ur
included, were 4,eS, 20 bushels. against
/. 80. st2 bushels laE+ year. ara racine sx-
ports We're -. III. agAirst iZ5 70 last wear
and = is close 10 tAe eGd OF the season.
over sla 0.o.Ns bushels of wheat has al
ready BEEN exported, and almost 2ln 0rl osJ
bushels OF corn. A,lS4Nsi bushels during the
past week against l.1>9.9S5 last year. and
the market is justified in feeling that
these VINO have gone far beyond all prece-
q * In defying current reports are entitled
- pay FOR H.
Iron ard steel production has declined.
because several establishments have stop
ped for repairs. Yet the weekly output
juas g. @-@.ssl IONS, against Z2t163 tons
MAY l. with the uDsoi8 stocks. which de-
creased .I42 tons during the month. in
dictate a consumption weekly OF 20 SO tons
against IS - tors N April so that the
ab.est ron journals are IN error n saying
that Sbe apparent consumption does not
keep pac@ with tne production 81 Los. 0se
tons En0Frhly. Eastern markets are much
more embarrassed ihan before. while the
Western are crowded beyond al pTeCs-
dent; Bir prices are not changing n
either section.
Tae wco.cn manufacturers are buying
10 wool. ard the sales az the three chef
markets during the past week were only
- &E rounds, against -. 30 pounds in
iss2 Hat tire demand for goods proves
somewhat better Ia many directions taaa
cuirense1fs have compelled SOM manu-
fArtuFers 30 bay &oEn4W Rat largely 5f
Grades cf wooi a asch they have not ex-
pecre3 - require. The auction gale %
carpets resulting ~ p-iess sad 20 average
"a per cent be.1w the iast quotations..
does rot encourage buying. and u carpet
woQ3s the narSeg Is decidedly tame.
Failures FOR the week have been - IL
the aued States. agaiDss - asst year,
and l. IN Canada. aEa'nst D last year
Brndsfrcet's Review.
Tradstreet'S tomorrow VII say: Accom-
panted Sy reports Of a stsso0ahie auiefinz
down % s1e spTtng demand for AVID move
rsscrt ~ ry5ercas rz3ise. caEg7e Yeoefs that The
spring business u the year I.sS Nth a
few notable exceptions. mas largely met
expectations. Particularly confr:nlng this
lAt-eg N}sw ~ the Cbs ragteT. are the heavy
totais Of hank c}esr.nzs large railway
earnings. heavy exports total % fail
GTtS %sN down 70 the EorHaI ard excsp-
fto4S} stesdinesS IL prices following the
Tlo5ahs@ advances registered some tire aEo
" s&k Or i3Ssr prices for a number CO GER