The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-05-13
BUSINESS Is STILL GOOD.
In wholesale D1ssFtbutave De-
nanA, Particularly In Clsthing
and Dry GooAs-Corealo Lever.

oD0 DBy 0oO0o-~OHeoSo AUSs
NEW YORK. May i2-R G. Dun 4 Co.'S
Vs. re eyssK & ss.ss s WI w., s.y Zee. on.
must FREE tie mind Of stocks, fer severe
decline IN manufacturing stocks has cre-
ated An Impression that Il has some re-
iation 70 productive industry, but il has
none. There W4e ne-eAAAge in the money
market worth mentioning. and the volume
OF business shown by payments through
the principal clearing houses was .l5 per
est prosperity hitherto. which is more than
double the gain anybody considered poA-
bic year ago.
Never before .rsachinS quarter eel o. =
turer reports. May !. an output Of 1860
tons weekly. which. With "a. 40 decrease
In warrant and furnace stocks, indicates
s..sse in March. ASA In February and
S.S3f In January. The average for four
months 10 xo27 .one daily against a.soe
the year would be less interesting II con-
sumption year ago were not far beyond
anything previously realised. yet proposed
combinations hindered largely orders In
bars and sheets, while the structural busi-
ness 10 as heavy az ever In email lots. with
big contracts about to come AZ Chicago for
the drainage canal and the plate business
TOO big fSE =. the works to
deiphia works being behind In deliveries.
and Pittsburg works troubled by demands
for 400 tons OF vessel plates and 400 more
Alsiers- Only pig iron advanced, Besse-
mer 5oc and gray forge &c al Pistsburg.
and local pig 50c at Chicago In minor
and copper is weak at isc for spot and is'4c
for futures. Hides at Chicago rose about
10 per cent. with actual receipts OF cattle
in four months 10000 head less than last
av,l flsr xl,.,< il
Notwithstanding the gain In population.
Nobody who has studied statistics can
tell why purchases of million pounds
OF Australian wool for expor, this week.
advance prices Of WOOL nor were pur
chases Of five million pounds OF territory
wool by q specuiator readily expiainahle.
But II Is just the time for growers to ask
all they can hope to get. and just when
the largest manufacturers were ready to
buy only the smaller are buying. Prices
are said to have been generally advanced.
with higher demands from the interior
holders but II remains question whether
sales Of 10. 500 001 pounds for the week.
against s,26s $50 in 1892. and only q little
market for wooden goods Is waiting for
evidences OF demand which do not yet ap
pear, and the delay in getting the new
combinations into working order causes
some hesitation.
II government estimates were considered
reliable. one based on entirely unknown
acreage OF wheat and cotton would be ev
erywhere resented. Thus. with official re-
turns pointing TO a great decrease in win
ter wheat production. the price dropped
cent and cotton declined for options
though retaining the advance OF a six
teenth for spot. which was established be .
fore the government report appeared No
body can base sensible estimate on
statement of condition which takes no ac~
count OF the acreage OF winter wheat kill
ed and abandoned. The best that can be
raid is that worse returns were expected
In both markets. so that the government
report had practically no influence
Failures for the week have been IS5 In
the United States. against 2is last year.
and 20 In Canada. against "a last year
Bradstreers Review.
Bradstreets tomorrow will say:
Reports as TO trade conditions are gener-
ally Of a favorable tenor. notably among
these being advanced quotations for many
grades OF iron and steel. Increased activt-
~ in building lines reflected in heavy sales
of lumber at prices tending upward. a
ffrmer tone in the cotton goods markets
sympathized in by the raw product. bank
ciearings surprising all records for this
week OF the year. railroad earnings main
tanning recent gains and business failures
as for some time past down TO the mini
MUM.
Offsetting ;hese in some measure. might
be cited the reasonable auieting down OF
wholesale distrsbutive demand particularly
for dry goods and clothing but most not.
able Of all. the further weakening OF GER
cal values. rejecting the Indifference OF
foreign buyers. in spite nf the definitely
conceded fact that our wheat acreage has
been considerably curtaiied lower quota
tons Of hog products and some shading Of
prices In sugar. copper and tin. II cogii-
tons of demand. eupply invisible wheat
reserved and foreign crop adviees did not
favor lower prices the government report
might have been regarded as n hullish pub
iica'ion. The weakness OF the market un
der the circumstances may therefore be
regarded as rejecting the feeling among
foreign consumers that good crops abroad
and the refllling of depleted reserves from
last years yield Will furnish ~hea, in
plenty.
The demand In iron and steel does not
weaken Production OF pig iron. though AZ
maximum. is stu inadequate and the
stocks OF pig iron chow a further decrease
Reports ,ha, possible foreign business I'm
this line has been rejected come from pro.
ducinx centers. but the efforts OF for
s,sners to obtain supplies here is never
;hciese testimony TO their own productive
abilities being heavily taxed. II seems svi
dent the first real inspiration In the wool
Industry must come from abroad Heavy
buying OF Australian goods for re-ex-or.
has been again thu feature BIZ, coupled
with this are reported liberal sales a.
leading markets O. domestic wool 20 go
abroad. In the building trades activity IN
very generally reported saies OF lumber
are large and the strong statistical position
Of nearly all grades forsshaiows continued
'srrnsse ~ further advance Hides and
FEATHER are in FOOD demand for raw while
tire manufacturing produc; 10 moving wei,
a; recent advances
Wheat. Including four shipments for the
week aggregate S-SEfS- bushels axains. B
*ss"i bushels last week 4 SO 5{2 bushels
N the corresponding week Of 1885 sise S,s
bushels IN 1877 i.sn - in 1895, and gs.
SD in iSx- Since iaIy !. tras ssa~rn, me
exports az whoa AGGREGATE ass lss s4s ht,sh
els against 9ss.Sss ess bushes last wear
business failures for the week .Sams~-
IA sgatnei fss las; week
Canadian failures number y as avns.~S
y asst week