The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-01-15
THE STATE OF TRADE.


cash balance. SIS. 1896: gold reserve.
$iS2 iss, SIS.
THE STATE OF TRADE.
r. G. Dun 4 Co.'S Review.
NEW YORK. Jan. AR. c. Dun &
Co.'S weekly review OF trade will say IN
its issue tomorrow:
The year has opened with very salts
factory prospect. IL Is all the better thal
there is no wild excitement in the Specu-
lative markets, and while stocks advance
a little, grain yields little. The pay
ments through the principal clearing
houses Notwithstanding decrease at
New York owing ~ less activity in
stocks, are 20 per cent. larger than in
1892, and l0.1 per cent. larger outside Of
New York. Earnings OF ali railroads III
the United States reporting for December.
$43. 364 23s. indicate substantially the same
rate Of Increase. exceeding last years by
i0.5 per cent. and the earnings OF iss2 for
the same roads by l3 per cent. Since lsS2
was on the whole the most prosperous
year thus far, comparisons indicate. not
outstanding the lowest prices ever
known, that the volume Of business is
larger and In spite of some cutting OF
rates. the earnings OF railroads are larger
than in the best year of past history.
The wheat market has been curlously
languid yielding lac. although Atlantic
exports amounted TO 6.o06 ~ bushels Tor
the two weeks of January, against 1885,
81 last year, and Pacific exports for the
week have been l.s7s,6,6 bushels. Western
receipts continue so heavy that with the
greatest accumulation of wheat at Chi
cago ever known, there Is little encour-
agement for speculation. Receipts Were
5.5T,2 $50 bushels for the two weeks, against
& $50 90 last year.
The furnaces In blast report an output
OF 226.bos tons weekly. against 226,o2i tons
December l. with an increase of l2,4Sl
tons in the unsold stocks held by fur
naces.
The Pennsylvania road has ordered l00.-
go tons of steel rails and A new railroad
IN Maine l2GG tons. and other orders for
ears. supplies, plates and structural ma
ter.al ale unusually large for the season.
The WOODEN manufacturers have been
buying wool largely. and for reasons not
publicly explained. II Is evident that
large orders have been taken by the lead
ing mills at prices which they find salts
factory and the rush of small mills to
buy wool has made most OF the market
dufinS the past week. although sales have
declined about 10 per cent. compared with
the previous week But there is decidedly
better demand for mems wearing ap-
parei, and the makers look forward TO Il
good demand soon The cotton manufac-
turers have been overlooking by excessive
production and fad no increase in demand
and no gain in prices.
Failures for the past week have been
$40 in the United States, against ass last
year, and IS in Canada against Il last
year.
Brndstreet's Report.
Bradstreet's tomorrow will say:
Distribution OF trade remains rather
quiet mild weather throughout the coun-
try tending 20 check distribution OF winfer
goods. Prices generally remain steady or
tend. upward, except for some grades OF
iron. and orders for spring trade. where re-
tivity is most manifest at the West, where
the demand for iron is very large. A fea-
ture or the week was the placing of an or
der by one railroad for lo0,oo tons of steel
rails. with smaller orders. aggregating in
the neighborhood of 25e1 tons more Pig
IRON production Is now at an unprecedented
rate the furnace capacity being estimated
AT lnp.W tons a month. Al the South
manufacturing activity Is feature sales,
or iron being very heavy. 4 good export
demand for cotton and grain at steady
prices Is feature. At the East a number
OF strikes against wage reductions are re-
ported. and are expected in the coal in
dustry: Anthracite coal production is such
restricted sufficiently 70 allow of the ad-
vance or ~ To 10 cents per Loco being
maintained. The weather has been Gisap-
pointing At the Northwest but an improve
ment in the demand developed at some CEN
tiers ms the week advanced.
TIE rush to Alaska has already begun on
the Pacific coast.
Freight charters are reported lower. Ex-
port trade continues large a gain OF per
cent. on the export of hreadstuffs cotton.
mineral ores cattle and hogs and rrQvt-
sicnS being shown both for December and
the calendar year The recent falling ~
In wheat exports prove. as was indica ted
las: week in Bradstreet's "a have been due
to the usual quiet holiday. and not TO aay
falling of In demand from abroad. The
total exports of wheat flour inciuded1 from
the United States and Canada for hits
week amounted 20 5.eiS, l66 bushels. against
3.+N.ee bushels last week and 3a4S 0A1
bushels this Elk year ago 8 200 90 hush
els in lsas, and 4. "a 600 bushels In 1895.
Corn exports for the week show a gain
OF i,s0 e1 bushels. amounting 10 46ii 90
bushels. against 34i5 30 bushels last week
AMI S9ss ss bushels in the corresponding
week of 1895
As was expected. the failures are slightly
decreased IN number. amounting To SO.
againSt &$3 last week 40 in the week of
la'. AZ in lSA' 27s In 1885 and iai in fSai
prafstr"~''~ Financial Review.
Bradstreets financial review tomorrow
will say:
Both speculation and investments have
been active during the past week The
bsst feature az the market has heen tha
very heavy dealings in bonds at generally
higher prices. both for the high grade ana
Transactions rising n they have to s2i .
9''e,ss or s3Scsf1si II bonds on the stock
exchange. with the trading distributed
among an unusually large number Of diff
fereni tt<'u $ woUld indicate a large de-
mand Tor investments and the growth ~
couTdenc" In reg8rd TO the position and
future or TIE market TIE stock list has
also displayed = marked increase 81 VOL
anne 81 business. with an advancing tend
ENJOY There aas been eonsdeTa bic specu-
4ative uaniplll atoms. bat tire pure hasing
az stocks oy commission houses was fea-
ture. and though London has shown a dis
position 70 sell buying nv German inter
es.s IN his market ~AS considerable
professionals nave realized from time 20
time IN expectation NJ a reduction hut
vere 70 some extent constrained 10 get
rack stocks Al higher figures. Ths first
serious interruption % The bu'ltSh tendency
was on Thursday. when reports indica,i =
that trouble with Spain might RESULT from,
a rot in Havana caused selling Of long
stocks. though the market rallied when
such fears wsre shown 70 - unfo8nfiaa
The strength Of the LIST generally was ma
tefially affected ~ the decline IN Amer
lean Sugar Refining die 70 The announce
naent made az It's annual meeting that the
company surplus would not be distributed
as extra dividends The Industrial stocks
w@re IN part neglected and the baIiSa
representations ard activity c4aterad in
railroad shares. the Pacific grOun toe n
cal traction shares and The Tauder5ll.s
taking the most prominent places
Bank cfearings.
The following table compiled ny Brad
street. shews tn@ hank cIearinEs at eighty
seven cities for the week ended January
~. with the percentage ef inCFease nd de-
crease, as compared with the correspond
ing week of last year: