The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-01-07


greater al the beginning OF tina year than it
Is now
The wooden manufacturer has similar
Wool BY Coates grca. Of Phlisdslphia. av-
eraged is.I cents. against all year ago.
TIE market IS gradually yielding. because
people appreciate the magnitude OF stocks
on hand, which the Boston Commercial
Bulletin reports at 81, 08a. 0a pounds, IN
CREASE in its account Of ui.aa1a p1sinds
Tor the year. Obviously tbs means a great
movement from the farms 10 mtllers' stocks
and Eastern markets. out prices are not
yet low enough To encourage large hlying
or consumption by the manufacturers. The
only heavy weight goods yet opened are
at reduced prices. has been expected.
and II is still uncertain how far the trade
OF the coming season may prove satsssac-
tory. Cotton goods are Ia fair demand, with
cotton at 5.N cents, and while nobody can
guarantee that the price viii not so lower.
y Is believed by competent observers that
the market for goods is SO far relieved of
accumulated surplus thar prces are not
falls
The wheat movement has 10 sustain 1t
the largest foreign demand movement ever
known for wheat and corn together. and
the Atlantic exports Of 5,2lE429 bushels.
nour included. against ASA, SIS last year,
AS last year. would give some reason to
ant higher prices we're not the Wsss-
o12 for the same week last year:
The country Ia on the up grade. and the
men who expect 1, to take y downword road
have yet some time to wait. There are no
indications OF a reaction which always fol-
lows large and rapid business recovery.
and existing conditions in the industrials
and In foreign trade by no means forbid
the hope that the increase may continue.
eral years, Exports compared with i'm
ports continue 10 Indicate an enormous
balance In cash due this country and gold
imports begin again.
5 nj M ia huv In,
the United states. against so last year. and
"a In Canada, against ss last year.
Dradstreet's Report.
Bradstreet's tomorrow Will say:
The situation Is one of quiet. sustained
strength. In Wholesale distrieutiye trade
annual inventories have occupied atten-
ton and distribution in this branch is,
therefore. OF only seasoDabe proportions.
Retail trade reflects the Quieting down
OF the eager demand ruling before the
holidays, but IL ts significant that the ma
jority of the reports received since Ianu-
airy l. in this and I'm the wholesale branch,
refer to collections as almost uniformly
good Export trade. particularly in cereals.
continues we'll up TO maximum figures.
while reports from the new great indus
tries of the country are favorable.
The eruder forms Of iron and steel have
been In rather less demand this week AT
leading centers, and large orders are few
in number, heavy consumers having pref
~ well covered themselves for some
In December. In finished products how
ever, and particularly in steel, rather
more has evidently been doing. this being
reflected in advances at both the East
and the prices of steel rails, steel beams
plates and sheets. Some heavy orders for
railroad account are reported booked and
the export trade continues OF liberal pro-
portions. partly aided, no doubt by the
shading in ocean freight rates occurring
during the past month. Aside from the
aggressive strength of steel prices quota
tions are little changed from n week ago
Bank c.earings for the week reflected
exceptionally heavy annual settlements
In total of 81, 7e5 9a.o9 nearly sfovnec
larger than ever before reported q per
cent. larger than last week; q per cent.
larger than in this week q year ago; -
per cent. larger than In ISL: 20 per cent
larger than in 1885 and a. per cent. larger
than In 1894.
Business failures are exceptionally small
for the opening week OF the New Year
numbering only 81 against rs last week
3s3 In this week a year ago. ass in 1891.
AZ in 1896 and fG tn 1886.
The steadiness OF wheat this week par
tieipated in by other cereals. finds ex-
PLANTATION in continued foreign buying, the
strength OF the statistical position the
normal time for decreases in American
stocks having arrived. with supplies stili
smaller than at any corresponding date
advtces from Argentine whence minimum
estimates are again arriving. The worlds
stocks OF, WHEAT on January l. as shown
by telegraph and cable a6vices to Brad
streets gained only s.5oo.e0 bushels over
December /, against a gain OF aSuoesr,
bushels in November and European and
American stocks combined on January l.
ise, aggregated only 1890 bushels. Ia
es.s3 bushes sufaEer than. January
last year; gzs1 90 bushels smaller than
January :. tsaT; 7s0goa bushels smaller
than January l. 1896: ssnso, go bushels small
Ter than on January ]. 1sss and 81 $50 sss,
&hatx ifr IN Ia
when the maximum Of stocks in recent
years VAS reached.
Stocks In the United States east OF the
Rockies are the isghteAt held for esyh,
years past ard with the execution o. f,sI
are theA smallest held for fifteen years
past.
The December total ~ bank eisarlngs
proved fitting conclusion 10 a year ng
unprecedented expansion in many Hines
In an aegr cgate 81 sseerty-seyer cities
81 s.. 1851 -. gain ~ 81 iar cent.
over Noxeisls'sf hitherto ufaagproscisesl
total OF 20 per cent, over December lsss.
W 81 per cent over December fs.as sgf
IL per cent. over she same nsaata 81
ls4. ard OF 217 per cent over the came
period ~ lssyg. This latter gain. toe was
shown III spite cs the fact that the stock
clearing house AZ New York ellis 3g eg-
t;natea 20 have reduced tie yufis,ae 81
yearly cisa-irgs at that c2tg by 3 CO.
0ssssst
WHEAT. including four. shipments fsr
the wees asRTsxate s.~ssl-1A bushels.
against &c - ssszsE@ls last week ISL
SIS bushels In the cores pending week 81
lS'ss. : is So bushels ia 1857 xs-I.sss 1tsh-
els Ia isss and 25s7is ia ss<sA ssncs July
this year the exports - x1eat aggre-
gate "a - 81 bashels against *. So -
SAsnesS last year.
Business failures sn TIRE Dominion az
Canada uurrnsr D against is iasx week
s. II tnts week n year ago ~ IN is8g and
= N tssG Ans tsa5
Bradstreets Financial Review.
fsraistrcer's AUancsa! review tomorrow
WILL say
After the extremely huiiiss Een1anxtFa-
rtoaa with which Last week . sEsec4sEs tscEs
closed e was sx p@ctesf ssas tAe opening
az the Esw year would ~ marked ~
strength 81 ar equally 4@c54s4 kiEa This
Vas only partly Ts23.xsi tnfs week rev
records TO quotations having zsssa
rsas4s IN many parts OF tfgs stock list
wasis the trading. particularly IN TIA last
tyo days. has sa1wH al activity ggsSy
UP - tie recent higher aTsSAS@. There
was however Horz@ disappointment IN