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


NEW YORK. july Tx. ". Dun =
Cos weekly review OF trade VIII say
tomorrow:
The second quarter OF the year closes
with more encouraging returns. Failures
have been little larger than in the first
quarter of the year. whereas a decrease
of Sc migat have been expected from The
experience OF the past ten years; but,
with that allowance, a difference of only
OF war. whereas solvent payments
through clearing houses for the quarter
were SIS. so. 900. In the very best years
defaults range from an eighth 10 fif-
and In had times from a third TO a half
of per cent. more. but this year the pro-
portion Is less than NTH.
shows an aggregate Of ss4 4as' GA, which IS
smaller than in the second quarter or q
year since 1889, except one. and the aver
age OF liabilities default 10 firms in bust
ness and to exchanges through clearing
houses is also smaller than In any year
except one Of the past seven years.
The exports of wheat continue extraor-
-four Included as wheat, 4ooS, $50 bushels
from Atlantic ports, against 2os4; i'5 bush
els last year; and from Pacific ports.
1855. against 2l0,ooo bushels last year.
minor ports yet 10 hear from. ri. go
bushels exports OF wheat, -four included.
against 2so. s12 bushels in 1892 the year
OF the larees: exports. but at the same
out against IS SOC 2s5 bushels In that year
and 1ts.Sl7.4lT bushels last year. which
was much the largest record. The mar
ket has been a little weaker. as is nat
ural with abundant evidence of an enor-
NOUS yield, Notwithstanding all the re-
ports of injury. but cash wheat has adj
vanced TO S. cents.
The demand FOR wool has been almost
wholly confined 20 needs for orders N
hand. and yet there is good reason TO look
FOR better demand for goods as soon as
the new season has opened. while with con-
tracts more than the usual proportion Of
machinery il employed. even az this duh
season Sales OF wool have been only
5 0il sea for the week AZ the three chief
markets and for the month 10 1880
pounds against IL GO pounds year
azo. and e,5ss 90 pounds in iss2. The de-
crease In sales since the elimination Of
speculation In February hiss been most re-
markahie.
The iron industry shows some decline in
BesseIDsr zig In Pistsburg and gray forge.
Shipments during the week have been made
from birmingham 20 Hamburg. Rotter-
dam Great Britain. Australia and Japan.
though In the aggregate not large, But
contracts for L. 90 tons OF steel rails have
been placed az Chicago. and pending con-
e tracts there for structural work are esti-
mated al y CO tons. while the demand for
implement ana car material is stu beyond
ali precedent. ana in general strong. with
scarcely any indication Of decline in the
demand for finished products
Miner metals are quiet; Tia plates are
y
American. the corresponding foreign trade
growing stronger.
Failures for the week have been 70 N
The United States against 81 last year.
and Is in Canada axa!ast D. las: year.
Bradstrrefs Review OF Trade.
BradstreSts will say tomorrow:
Ia 3 period. "a usual devoted largely 20
stock-tskng and with holiday and mid
sr-xner influences making for a narrow
AMI unrestricted trade there is little that
b. aoves 20 De found regarding current die
tstbatton The first ha3F Of tae year
closed WITH a very saf isfactorv showing in
many lines * trade as evircesa hy the
returns - hank c4earancss, railroad earn
tnEs. reports a. 80 the coFssnamptlve and
dsJTi3aItlVe 4eITsa rds ard last bat TOT
i<asf. by that iu1aIi.hSe barometer OF fiae
mercantile NoTt4--e3ssneSS fasiuENz Ear-
s.ngers 81 tire f4isEre ere found in the gen
er4ily favorable crop prospects, no; only
preducss CT agriculture and a continued
heavy foreaSn demand for American pro-
ducts
Fsa important events are chron!clea ,hss
week r. the business world The sarni-
anna Shutdown OF C1Any ia3Gss rial COZ
Germs, those n steel and glass and some
tex;sie manufacturing concerns. has been
announced 70 ocS7fT IN TIE ftrst week OF
JaIy. oat ths= has hen without effect on
the prices ~ tho~~ Staples A4vlcss from
tA~ West Indicate fhas this midtown. IN
seg7@ T2sers max not occur 81 az thAs year
while IN oihe-s the time dsvofed - re-
pairs ard sto-as-takins Viii D. corsiders-
0y soroga'sd-
TIE situation IN iron ~ rather NAKED
gre. ~4a~t CssTY2Ezs irstS cEsntnE from he
Aezg II Is significant however that
The ts3i 81 rossr railroad rmtAs hiss hesn
credited with Improving tas demand for
lgca ard ssesl foy exT-Frt. ard esfss st@ra fsie
orsSess says already 0@eu axsok ~ notably
Nsrne Stesi -zlss for Exypg ard Aaxtra
" a3sa nr3ers tsr ia[sa gansa are reported
~; sassss on asefnant ~ tha tsQs limit set
P.g s-oa ar6 steel rails rsyssct the lsseseneA
ae=sV.ry in n shading % prices DOUBTS
are eTssr@ esd as 10 the ABILITY q the pig
4rG1 F5s415sSs ctsrers 20 cesStrrs fs.csaeslen.
art TIE rex; tao weeks w5i. F~mAarlY -
fE.l = interest "a the iron trade xsner-
ally
TIE tore - ~ wheat market e~e~stwrysz
N~sNFsssT rot ~ tA<E srIsEsS trait tire xpaE 10 =
SfsARe sa4pcST has decreased II 1saa8 "a
~ Wees@s az5 tszt TIE probabilities are