The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-08-19
70 70 y
THE STATE OF TRADE.


The Cramps have discharged many hundred hands
and asks Russia tn extend time for the complexion
Completion of q oft Of 81 vessels building in the
Delaware is also affected II Is q curious expert
for this country. but shows the gigantic expan
sion Of home demand.
No one can question the fact that payments
through the principal clearing houses have been In
August So per cent larger than in lsN Tor the
month far. and outside Of New York 3d. per cent
No better test Of the volume of business Is Known
but there is a growing handicap In the advances
Of prices. How long and how far this advance can
go without reaction is the problem which level
headed business are studying. Evidences OF
checked consumption are rare hut il would be child
ish 10 hope that at some point higher prices would
not hinder buying
In iron the question IL Of steel hilless. which the
great consuming companies have bought far In ad-
vance. so that ali orders have a narrow mar
ket For six months hillets have sold at 81 to IS
higher than the rails made from them. Other de-
mands not covered by contracts arc mainly for va
While prices have risen 8 cents for Southern pig
iron 50 cents for Chicago local coke and IS cents
for gray forge at Pitssbre rails have advanced 81
per ton with work covered for all this wear. and
a0o.0 900 tons more taken beyond what can be de-
livered until next year.
Other finished products do not change. although
the demand at all points exceeds the present ca
racity Copper steady at SIS 50 for lake. with
duction for july 1883 tons domestic and $50 tons
foreign. Tin Is lower at <0.s5 and lead weakens on
the stoppage of the smelter strike.
For wool Coates Bros circular for August still
holds good. although inside quotations are more
ss1 pounds against 13 9e 800 pounds last year. Is $50
so5 pounds in 1897 and 9 365 800 pounds in the
weeks Of 1892 Goods have advanced further, espee
eaily In cassinseres cheviots and cotton warp CASH
meres, and the tendency is upward in nearly all
grades.
wheat has advanced about cent during the
week with Atlantic exports only 2.sSS. 30, bushels
four Included against loss. $50 bushels last
and Pacific exports s5i SO bushels against l.753 H.
32lell7 bushels against $50 10 bushels last year
I, is question whether the smaller receipts
due to recent change in cron prospects. giving
holder. II grain better outlook
Exports Of wheat in th-ee weeks have been from
both coasts. -four included asa 7sa bushels against
o;iii2@ bushels last wear and the Western NJ
bushels last year.
Failures for the week have been lss in the United
States against l5s last year. and in Canada "a
against II last year.
Brndstreet's Review.
Rradstreets tomorrow will say.
The trade situation gathers strength summer
wanes Reports Of expanding fall demand arrive.
accompanied by very cheerful advices as Ia the
outlook in most parts of the country. In manu-
featuring lines production appears to be AZ mini
mum. and the price situation retains most Of its
old strength.
Notable in the matter Of added strength are
most Of the cereals and iron and steel in many
forms. The impetus given 70 wheat prices by the
government last week has been further reinforced
by less favorable crop adviees from other coun.
tries notably india and export business is report
ed somewhat improved
Advces "a TO the corn crop are still "a favor
able a. ever some states notably Kansas. reach
ing phenomensily large Yields. Judging from nu-
reports. the scarcity Of supplies ~ iron
and steel is becoming Increasingly serious. sup
plies ~ structural and shiphuiIding material being
reported inadequate A. = number Of points There
is an appearance of quiet AZ Eastern markets, not
shared in, however by Western eenfers where sales
are reported large and price advances numerous,
The question 1T outlook 70 prices seem he
largely Transferred 20 next year and liberal book
ings reported for the first quarter of 1900 With
sors southern engagements reported as running as
far ahead suiumn from
A notable exception to the general strength 10
prices Is found in raw cotton, which has disre-
gared almost unanimous reports II crop deterora.
tcn and lost all of last weeks advance. owing to
the issuance 81 searsh crop estimate, which.
from the present outlook at least. yevy hesvy.
and the ieast rrerHatYrey issnei The strength
If the cotton soods marke, is maintained. though
advances yet small
Cotton goods orders for light weigh. mems wear
goods continue heavy. and wool though less
astite is less firm. and high grades are par
iiculsrly wet held The advance in boots and shoes
to have been felt but little, aud the .iixhs
gain ii leathe. prices iunsrts ysty finn tone to
hides
Meat staples. aside from those mentioned are
firm and unchanged TIRE week. Lumber siiii
reflects activity In building. and advances ct West.
era markets are again reported Current railroad
earnings show little reflection Il the falling OF in
the grain movement. and make excellent ccrnrari-
sons with preceding years. ard the like is true
If pft earnings. mentioned elsewhere
Wheat. Including four. shipments fer the week
aggregate seis s bisheis against 1876 i5a last week
2sss9ts bushels IA the corresponding week of iss
sas SO bushels N iss, 2si $50 bushels ia lss.
and 7Ss.i;0 bushels In ls9s Sfnee JaIs this sea.
the experts n wheat agsrcgsie e. lss o hsiSh.
cls. against s3Ts Bushels last year and q .s3 81;
tftshsls 1897 -
pared with Is last uefk, rs in ,his week wear
$50. 81 IN lse - III 1885 and ia2 in i.es
Business failures in The Donainca # Canada NUN.
her n 81 compared With e last week = IA this
Rpfk A YES in ri