The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-07-16

70 CONFIDENCE II good general demand
30 ,noSs e Sfls couatry's SURPLUS. though
A.,e S@siS~0A T8E@TS a considerable shading
Of prices obtained s~nrs ali r1ryassg,-ts
There Is little more hopeful feeling n
the iron and steel trade tns result .a-tsv
e reduced output and stocks os pig. and
ing, particularly 81 the West whsre some
Hills VIII foreSo their us;1a1 summer shut
dewas and others will cUrtau the vac1-
More IS doing in steel. and some West
err mills are reported booked with orders
until next winter. Some large exporters
are shipping fron Chicago.
contradictory repores corne az 70 the vo.-
9lNs OF trade IN wheat and corn az the
decline. bat good business Cor this time
OF the year is undoubtedly doing TIE
movement C new wheat at the Southwest
- also free-. though farmers are rather
anas eHdent 4. present prices.
Trade continues 81 4 midsummer dull
ness az he East. bur more inquiry FOR raw
wool IS feature ard prices are wen main
ta.ned on a fairy large business for this
time OF year.
Features Of trade movement, a, the Yves,
are the proposed demand for iron ara
steel az Chicago. louisville and 81 Louis
repcrt the fail trade outlook as good
Our exports san continue In excess #
whea, ard four shipments afing
, ana ~ bushels as against sc asa last
week and compared with Tss9 .0ss bushels
N this week wear ago: So 40 bushes
~ lN~s: 1,se2.see bushels III 1885. and i.S-1~
~ bushels in rsat
Business failures n tse United States
number 1s. as against 24l last week =,
IN this week year ago, % y, 'Sess ard "a
IN fS5 Business failures in Canada NUM-
her y against Is last week y wear
ago. - In 1895 and . IN 1895
Hrndstreet's Financial Review.
Brads;reets financial review tomorrow
VIA say: More than customary irregulari.y
prevailed IN the market this week. AZ is
conclusion. there was marked weakness
developed OF Ehe surTen saer OF SANTIAGO
ans the apparent willingness Of the Madrid
government 20 negotiate. Before this pGtn:
had been reached. however. the market
passed through several changes OF specI-
i2uEe sentiment In the beginning OF the
Week. X was strong on the belief thar
Santiago would soon be taken. hut hg
Wednesday X experienced q depression on
the reports Of yellow fever outbreak
among The American troops there. At he
same TIME there has been strong undertone
t4ough the public has been inactive and
London was up TO considerable selling here
Activity IN tire stock list has also suffered
from TIE stamp tax and with the profess
sional element IN the board room bonds
nave been soeculat.ve.y dealt in, owing 10
ne fact that transactions are not sub
lected 10 the stamp tax. This resulted in q
very active buying in a number OF ciass.s
OF railroad bonds. the transfer OF specuia~
tive dealers having a tendency 10 improve
values Of bonds al around. There was
more attention paid 10 matters apart from
war news than for some weeks back The
absence OF disturbance IN the Nancy mar
ket would prevent the government loan
from having any Immediate affect upon
speculation. though the belief is that the
success of the loan and it's having been
entirely absorbed 10y individual subscribers
VIII bring large amounts OF corporation
funds which have been held for new bonds
back into the general investment market
The crop news and rumors have ceased to
be much of a factor in the market.
Bank CIearfngs.
The following table. compiled By Brad
street, shows the bank clearings at the
leading cities for the week ended July Is
with the percentage of increase and de-
crease as compared with the corresponding
week last year: