The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-12-23
THE STATE OF TRADE.
n. G. Run q Co... Review.

NEW YORK, Dec. pr @. Dun & Co. will,
say tomorrow: The worst day in Wall street for
best in business known. because the coun-
try, had prospered 80 greatly and expanded its
business that It could not longer afford to have
many millions locked up in carrying stocks repre-
senting imaginary values. The question was not ene
of monetary supply. When the country found am.
pie use for this capital in regular trade and pro-
ductiye industry a contraction Of loans became
necessary. which would have been more painful II
the volume OF stocks had been larger Reckoning
from the highest general average last spring, in
dustrial stocks had fallen at the close on Monday
1877 per cent. street railroad stocks 3ss per cent
per cent
The business Of the country close to the holidays
larger than at the same date in any other year.
Exchanges through principal clearing houses for
the week have been 1871 larger than last year and
5O4 per cent larger than in 1892. including 81
per cent. gain in payments outside of New York.
There was not even suspicion Of unsoundness in
any considerable branch Of industry or trade the
extraordinary expansion In being as we'll as
warranted material gain in others.
Cotton suffered in speculation for day with
stocks, but the great decrease In receipts from
farms since September. over 100000 bales. gives
strong support to prices, as does the increase of
for goods Is quiet and the prices hold steady Sales
have dropped sharply with monetary pressure. but
prices do no change. Yieldlng appears at last in
hides at Chicago In most kinds about Of cent,
with evidence that recent advances could not be
sustained. Leather has been steady for hemlock and
others. but In satin grain and kid the demand has
High prices for iron are wonderfully sustained,
and though many works will close for stock taking
and the holidays, while the furnaces do not stop,
pig shows no weakness. Prices on finished pro-
ducts change little, though more concerns have
reached the point Of competing for new ORDERS and
there Is some weakness in Sheets because many tin
plate mills TO be closed at the East, and
in plates not Of the largest size competition is
sharp. but in bars the demand is somewhat improv-
ed and structural works have continued their com
bination for another year without change in the
prices
There has been less violent huctuation In the
London market for tin, but the closing price here
Is slightly lower at 2i2
Copper declined little in spite Of weak stocks at
Boston, while lead is and firmer at $.65.
Wheat has fallen both in foreign demand and in
prices In spite Of still larger loss in Western re-
ceipts for the week, only $685. S6 bushels against
73ie no bushels last year. Atlantic exports -four
included hare been in the three weeks only $780,
as3 bushels against 46s bushels last year Ths
price rose quickly on Monday. when other things
falling. but subsequently, reacted and closed
tc lower.
Failures for the week havs been 40 In the United
States against 3s last rear. and . in Canada
against 81 last year.
Bradstreet's Review.
Bradstreet's statement Of trade tomorrow will say
Holiday trade activity Of course. reached its high
est Development during the week now drawing to
close and it Is significant Of the prosperous cond
tions underlying the general business situation that
reports almost without exception, point to a vol
urne Of business having few, II any, parallels Ia
previous years Another significant feature develor
Cd also b that the demand for such good en-
braces higher slas nd mere sxprsssiSs Esds