The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-07-02

that ysxoae stocks Of old whea; on August
viii De as low, IL not lower than lass
tSF ssssra. years heavy failing oH
IN ne condition OF tie Kansas waea; crop
IL Indicated.
Rather less s;ead.H<R in urices Is Or
servanle. most cereals pork lard. cotton
and pig iron being lower for the week
WSair the isss OF advances Is exceedingly
however. OF rax wcois hides and heavy
leafiser. coNee. sugar ana print cles hs
copper and lead.
A large distribution Of cotton az price
demand for fireworks ard nags tnss wear
Is conceded 10 be heavier than in past
years.
Cereals SIN move abroad in quantities
Wheat shipments for the week axgregase
atN.ial bushels. as against = 79s4 -s last
week and s,2-s.sta IN this week a year ago:
81 - TWO years age: 2,s..oc1 in 1895 and
In spite Of unfavorah.e weather. there
were fewer failures. smaller liabilities ard
considerably smaller assets this year than
IN any previous year FOR four years past
business failures number & - 5 per
cent fewer than a year age. Is per cent
less than two years ago. and only per
cent larger than in iSA Liabilities. too
are smaller. argregating 81 isD SsI 3 per
cent. smaller than last year. 81 per cent
smaller than TWO years ago. SIS per cent
smaller than in 1885 and s. per cent. below
those of lssS
Business failures IN the Dominion Of
Canada for the six months of ;he pres
ent year make a decidedly good show-
Ing. They number SIS. Involving s. 7s9 sis
a decrease OF "A per cent. IN number and
In liabilities as comp red with last wear
and making still better comparison vi:
earlier periods
RradstEeefs Financial Review.
Brads,reet's Financial Review tomorrow
viii say:
Speculation continues TO be narrow ard
professional. There has been an unmis-
taAabiy strong Qndertone in the market
this week. and though me pubic has nor
Deem a purchaser. IL has no; sold stocks
London took very little interest IN Amer
leans. and professional interests here
were somewhat divided In their attitude
The smaller operators and the board room
traders were inclined to test the market
the leading interests have occupied them
selves from time 20 time by forcing the
bears 10 cover. resulting IN displays OF a
certain amount Of strength.
The industrials however. have furnish
ed most Of the activity. and in thai group
as usual, this has been in a small degree
of manipulation The more sangliine ex-
hibition OF the markets in builishness
has been supplied by the bond list. watch
has been strong, advancing apparently on
an investment demand II has been
waiting market. An expsctant feeling as
70 the outcome of the operations of our
~
movement. OF the Spanish fee; which Is
alleged 10 be en- route 70 the Philippines
and as 10 the attitude and intentions OF
the German navy at Manila has made IT.
self felt. The completion 81 the half year
and the preparations for the usual dis
bursements have been a factor while I'M
certainty about the workings and effect OF
the new revenue and stamp tax legisla-
ton. which went into effect yesterday has
contributed powerfully 70 the current
speculative inactivity. all The more SO be-
cause many of the imports apply directly
TO stock and money transactions
Attention has also been to some extent
fixed on the new government war loan
though this tendency has decreased since
the rush OF subscriptions has decreased
ard II has BEEN noted that the money
market Is unaffected. largely on account
OF the arrangements made by the treas
ury 10 report the amounts received II
rTsecial M Aonal hank Repositories and
thus obviate any heavy Withdrawals OF
money from the market.
Finally. the conflicting account OF the
crops and harvest at the West and the
growing feeling that rate-csItting by the
railroads has become dangerous 20 the
continuance Of earnings has imposed eau
ton upon the bulls a. regards railroad
stocks. and caused pools which have beer
operating Changers and other stocks TO
suspend operations
Bank Clearings.
The following table. compiled by Brad
street. shows the bank clearngs at the
principal cities for the week ended July
/. with the percentage OF increase ana de-
crease. as compared with the correspond
Ia