The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-09-03
GROWTH Of PROSPERITY.
trade Reviews show y Larger Busi-
ness Done Than in Any August
since Records Have Beea kept
Indication. for Larger Increase.

NEW YORK. Sept. a-R. G. Dun & cos
Weekly Review OF Trade viii say toner
row: The smallest failures ever recorded
IN any month for five years were those
ct August. No other month since tho
monthly reports were commenced by Dun'a
Review exclusively has shown de.aulsed
liabilities as small within x.oos.. and
the ratio q such defaults to solvent bus
iness represented by exchanges through all
clearing houses. only sioS,,e in sioaeoo. %
smaller by -s.s per cent. than in any pre-
F!ous month. The ciearings have been
the largest ever known In August, and 3
per cent larger than in 1sse
he enormous volume Of business in
month usually one % the most inactive OF
the year demands attention. Postpone
snent during the months Of war OF some
contracts and purchases whica have rot
come forward. explain part Of the n
crease. and the strong absorption oi secugi-
Ties explains part, hut there has also been
great decline n the average CT prices
Of al commodities, SO THAI il takes Il much
larger volume Of business in tons or BUSH
els TO make up transactions amounting TO
q million more than in 1880.
1t Is therefore strictly true that this Is
larger than the very best o. all past years.
fart her increase.
There IS no room 20 doub. that the wheat
crop. even though & may fall shade be-
low some estimates, VIII prove the largest
ever harvested. and although Beerhoam es-
Inmates Europe's crop a. s.. ts0. osa bushels
more than the last, tina. would DO only
about an average yield. while other evil
dence is less favorable. Foreign baying
has been strong. Atlantic exports for the
week having been S.sa6.s SO bushels, against
553l.151 bushels last year. But receipts
ar the West are increasing. and the price
has dropped cents for spot. though the
September option Is NC lower for the week
The Improvement in the iron industry
has not only continued but becomes more
impressive because enormous bus!ness SAFES
have satisfied the needs OF great consum-
ers for months 70 come. the demand for
products is so great that both materials
and products gradually advance In price.
Bessemer pig has risen TO slo.'S at Pitts
burg. local coke at Chicago and anthra-
cite foundry At the East are strong. also
bars and plates advance a share, With
most structural and plate mills filled with
orders for months 10 come ard $3.50 tons
rails sold at Chicago for delivery next
year. The advance in tin plates. in spite
Of production far greater than was
thought possible not long ago is evidence
That the consumption OF steel in that
branch viii be heavy. The wire nail
works also report better demand. and
the output OF Connel.sv.ile coke has start
al up, gaining le.eoo tons fer the week.
The wooden mills have rather better or
ders this week, but no; enough as yet TO
warrant running nearly fun forces. with
the price OF wool held at the West much
above Eastern markets and by those mar
kets above ic higher than The mills are
bidding.
Failures for the week have been III in
the United States, against l9l last year.
and - IN Canada, against IS last year.
Bradstreet's Review.
Bradstreet's tomorrow will say:
The advent OF September finds fall
trade apparently in full at the West and
Northwest. and more reported doing at
Southern Mississippi valley points and in
the East but the volume OF business IN
woods and dry goods in the latter section
is rather smaller than expected. larry
reports Of large business during August
are confirmed by aggregates OF monthly
bank c.earings. which sh3T uhpre>eatE-
teddy large totals for that month; little
below, Indeed, the immense monthly ag-
gregate Of last winter. Reports from the
iron and steel trade are in a nigh degree
favorable. the tonnage movement being
unprecedentedly large. and the line or
prices firm at the advance recently record
ed Business IN steel is eXcepti 5.lA!iy
large. and IN the West particularly the
output Is limited only by the ability ot
the mills 10 keep up with ords: The
Western crop situation remains practleai-
" unchanged. cash wheat being lower on
a rather large movement Of spring wle cat
bat an active demand for export has FUR
n.sheG sustaining power. Corn has been
ruled by the weather IN surplus producing
states which Is dry and hac, VITA Eisaay-
ing effect or prices. The close OF the cot
ton wear finds the price OF that staple
slightly drrner on reports of damage by
rain 10 the ,Ecn in the South Ailantic
states From other parts OK the soalh.
however, crop reports continue quite Ia
vorab,e and a yield at least equal 70 tnat
realized during tAs year Just ended ana
looked for by many A better tone Is esi-
dent In the print cloth markets thi8 week
Ard an advance OF Hide 3 reported
is--elv tae reflection or more chees'Gi
outlook az Fall River.
Failures II the United states are down
IN very low figures. numbering only ff,a
,hls week. agaiGas. IL lass week. az n 1874.
sos IN lsaei ISL IN Is5. and ~ IN 1894.
D.s,r.butiye trade IS active in the West
and North west. with dryEooas. boots ard
sboaa. hats and caps. millinery. clothing
and hardware in NEST active distribution
sx iofels..rs ard srun siee-. and most % ~
y,knii;,.;s I'm active demand ard consumption
NJ manufacturer. An increased business
"a rey.yrfed IN the South Miss ssipps valley.
Mex Orleans telling OF Increased activity
IN sensra! trade and large receipts OF rev
e~o;,s OF cotton and rice ON the south
Atlantic coast heavy rains have huTt dis
fr3hu*ive trade and are claimed 20 have
materially injured cotton prospects San
rsrar,e3seo a5iglcHs ara taat the f'astf0ra I
ssaar cron gyill not exceed .l@5oso bushels.
winch ia about oue-tAird of sn average
49,, ene-hals 81 the usual frl!t crop is
l..,ssqF ,or. except in no ease - RAISING
~ which heavy yield = expected
Angus. vas a good Haar-E a. Puget
s5nrd cities. for ooth domestic and export
trade. ,.
xxh4a, saJrrnents FOR The wesk. lGc'Sii *
a. Aggregate gss-, 81 bushels, "a against
, ~ as f.,lsaels last week. s s3SfI f'iss'leis
+, ,ha corresponding week o. iss1' s.2's -
bushels in iH~@
r,.t,,,rrs in :Ae DozairIon q canada
v,,r,f,e- y, against - last wces, 3 lhis
week a wear ago and In issss. = III issa @n1
- n lsa-
Brad.treet's Financial REVIEW.
Y,rasx.-eet.s financial review tomorrow
VII say:
r,~iese have been Irregular ans al ne 80
~s4-lr~ 81 s. week the sens - Fs7'-e IA