The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-06-04
THE STATE OF TRADE.


NEW YORK. June ar. G. Dun &
Co.'S weekly review or trade viii say to-
morrow:
May having been the first full month OF
actual war. the fact that failures In
that month were smaller. even though but
little smaller than N the corresponding
smaller than in May. 1885. is solnewha:
encouraging. the more so because a year
ago the remarkable decrease In May gave
proof OF the heavy Improvement in bust
ness. which made the year so gratifying
In general results. Large failures were
eight in manufacturing. for s., -, 600. this
year. against thirteen. for $2gs5,odo, last
against ten. for N.57eO77. in 1897 Hesita-
ton in extending the usual credits soon
after the war began naturally affected the
weak more than strong concerns. bat 1t
soon gave place to steady and increasing
confidence.
Wheat dropped 7ac from the highest
point after the Nay deal cnImnated and
OF accounts promising an enormous yield
Those who were nearest the truth last
year now predict about 10000 600 bushels
for 1885. and all accounts make acreage
much larger and conditions much better
than a year ago. But with sl.i5 still paid
for No. 2 red In the elevator. and a foreign
demand taking G. 294 ass bushels -four in
cluded.y from Atlantic ports for the week.
against 9. i6 1sT last year. and $50 is9 frctn
Pacific ports against .3.9e9 last year, the
decline evidently hastens the marketing
better chance. 1t il not less surprising
that Western receipts for the week were
4 $50 bushels. against aos9. T6 last year.
although the crop has been by some NIP
posed to be almost exhausted. and corn
receipts were also ..Q1s 4sI bushels. against
s.1i6.523 last year. Exports Of corn for
against j e2s Sc LAST year and for the first
time I'm their history exports of each grain
have about reached 3o,oo0olo bushels in
the same year.
what larger demand for goods. In part
from government orders. and are averag-
ing about per cent. better prices for goods
than a month ago. There Is not much
demand for wool which is s;ili held in
the main above the views OF Manufacture
ers and pricss have declined an average
of isc per month.
The iron and steel manufacture leads all
others In gain over previous years. it's
consumption OF pig being apparently more
than 1oo.eo tons per month. or 2Soo
tons each week against 10 go tons per
week in May. 1sea an increase OF sSs per
cent. Works beyond the Ailegheuses are
crowded with business. and while some
sncstlv har mills. the government demand
Is felt most in this section. Above all
others In significance il the wholly unpre-
ceaen;ed demand from agricultural works,
which threw in the shade all their past
orders. while the plate and rail- rlanufac-
turers are beating all records. partly with
foreign orders. one for Canada having
Structural work Ia very heavy. the West
furnishing large shsre OF 10. and in sheet
bars and rods FOR fencing the orders are
large. Prices Of pig hava been somewhat
ders for BeSsemer and basic at Plttshurg
and % charcoal at Chicago.
Failures for the week have been 90 in
the United States. against 2r last year.
and Is In Canada. against 2 Last year.
Hradstreet's Review.
pras<sreetsS tomorrow viii CAV.
The general business situation might
wei he EXPRESSED by the single word
crops" Certainly the very Gathering
outlook reported IN nearly all the grain
growing sections OF the country. and par
tlcuiariy as regards the growing wheat.
has been OF nature 70 dominate the en-
plus wheat-grcwing states there comes but
che report. that % a large acreage. ex-
treusiv good weather ard crop conditions
already foresaad0wing an unprecedented
production Of the king NJ cereals With
the steady ana favora bic progress making
toward large wheat Yield has come the
and considerable uuieting down OF ssrecu-
iatIve fever ard prices. The close OF the
week witnessed an immense shftnkage IN
the price paid for cash wheat. "a com
pared with a short time ago partly the
result. % course. OF former high prices in
ducinE a freer movement OF reserve wheat
stocks in sisne not. only at home
but abroad. That the ULTIMATE effect 81
the declines has been beneficial rather than
otherwise however ts evidenced by tne
increased inquiry OF exporters Tor wheat
and corn. and the total movement for the
week ~ a rscori-nreaksng ore FER tals
period % the year. AsT1oTapa nyiEe the
decline in wheat however there was A
sympathetic fan Tn oats ard four. bot corn
;s higher or crop news ara increased ex-
port demand.
Reports as 80 dls.r5hu.fve trade are en-
eogFaEtng. tn spite Of the @@aSor.
hcFefI feature Ia Tire generally reported
good ;rHae a. res7il. not only a. the Wss.
bat also East. where unfavora SIe
weather conditions have heretofore checked
tire demand greatly TIE volume % or
1ess already reserved FOR fan dessvsry By