The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-12-30

rscoustr,cton the increase in demand for Iron and
steel products y y: great feature q The year WIZ
January l. hindsrsd By severe weather. 20 that the
output March l dropped 800 tons. but oxpsndins
ducina about soc.oSo tons weekly and unsod stocks
arc reduced to Ia. s23 TONS and yet dsdsn untitled
will require six to nine month"; work from most
the past week though demand for some products
improved little The average Of prices closes iiSs
per cent. higher than January for pig and l0zs
per cent higher for products
industries which depend On individual consump-
on a.ss s1nsd s Sss bssn sn @
with an average advance Of 2sb per cent IN prices
q goods; though cotton was for time - PEI cent
speculation IS per cent. but has been very largely
consumed with great demand for goods. which
are sal. iS' to BE- Isl sd pounds.
OF boots and shoes the East has shipped 1w.0W
ee cent ot pr an IN ISL but 'le have s
vanced only about II per cent. since January 1
In all these products trade shows continuing strong
demand. although quiet in the holiday week.
Failures for the week have been 22i in the United
States. against 90 last year. and Is In Canada
against % last year.
Bradstreets Review.
Bradstreet's tomorrow win say:
Holiday influence and stock-takng impart an APP
pearance OF dullncss 10 general distrbutive trade.
broken sy Sds ss ~ h II S
day trade that has ever been experienced.
Anticipation Of spring trade wants has given
in rysoods at New York while in Industrial line.
the efforts Of manufacturers to keep up with hled
tons Following the furry IN money stocks and in
some lines Of speculative commodities, noted last
week. has come As was c1peesea; more q caed ~
such staples as cotton, which was affected BY last
weeks money Developments. and Also in hog pro.
cotton receipts to increase has been a source o.
strength In that market. more especially as the
break recently Is understood to have afforded an
opportunity TO heavy short covering by foreigners.
Aside from these features prices have displayed ex-
cePonsl essss's hG'dng up e ssse when %s
finds Justification In current statistics Of large sea.
sons receipts and sales Of wool. and In reports Of
manufacturing lines Another example Of this Is
found In the fact that. although wool receipts at
y M ' s sUe sss at @
year Is actually smaller than at the end o. 1899:
One Of the last Of the textiles TO feel
the impetus Of expanding demand cotton thread.
has this week advanced. Boot and shoe Statistics
point to an increase Of shipments from Boston Of
recent mild weather has duIied demand the outlook
in this trade and in hides and leather Is OF con-
In iron and steel seasonable quiet as regards new
business, Is observable. but undated activity on
earlier booked orders 10 reported. In some cases
and furnaces, production little below 100000
tons Of pig iron Ia anticipated with all other
large increased outputs. prices. despite the great
advance Of the year. and doubtless rejecting the
large orders ahead ahead exceptionally strong.
this week. Hardware is seasonably quiet but trade
reviews the old with satisfaction and faces the
Wheat. including -four, shipments for the week
aggregate $50 $50 bushels against 2.slsra bushels
last week 622 SIS bushels in the corresponding week
Of 1885, 5a9s.Oei bushels in 1895
Since July this season. the exports q. e. o. whest
sssssss snS sS,ss s ba assn'i bush
Corn exports for the week aggregate 3226 go bush
els against 100000 bushels last week. ss5e.7i5 BUSH
A 0Q hx.ahn tss
27i2ssi bushels in 1896 and sf2aai bushels in 1895
Since July 1. this season. corn exports aggregated
i is same period year ago and bushels in
business failures for the week number 2ao as COM
2ls in 1895 and 3is in 1895
For the year failures are the smallest in number
few heavy financial suspensions in December. liza.
bilities. which exceed those of 1892 slightly would
Re,iness aes for the week IN Canada number
e. as compared with % last week. l6 In this week
year ago. % in 1897. 81 in 1895 and 30 in 1885
decrease Of 16 per cent from last week, but gain
Of q per cent this week year ago.
Bradstreet's Financial Review.
Bradstreet's review Of the stock market tomorrow
After the storm Of the preceding week, this one
has seemed decided calm While the movements
Of prices have been irregular they Have been mainly
in tho direction Of improvement, and there has
been an entire absence Of liquidation or OF other
tendencies which had so alarmed Wall street. Last
Saturdays bank statement while not as good one
as had been hoped for was nevertheless favorable.
and it also evident that the strain upon the
the treasury and the New York banks.
It would indeed seem that the money has been
under firm control and that financial interests Of
the largest caiber determined that no further
disturbance shall be allowed while the preparations
for the January disbursements were in progress Call
money this week has not been above per cent. and
at the Stock Exchange lower rates hare been
quoted on large transactions. Time money, how
ever. is not at all plentiful. and most commission
houses hesitate about supplying themselves at
per cent. rate. which is the minimum.
The improvement in the money situation here
had its counterpart In the better feeling at London
tone to the fact that further gold shipments to
the amount of some S.35o.O0o are being made to It
from New York today. The indifference with which
The frmness Of exchange and the gold exporting
operations regarded by the market was another
feature Of the week.
There were no other factors Of speculative i'm
portance. but with the removal of pressure to sell
stocks there was an apparent reaction OF senti-
ment, which favored higher values throughout the
list. Fresh buying by the public has not developed
as yet The bear interests however, covered extern
sively and pools and large operators found little
Opposition to marking up the prices for their spe-
calties. This process was llainy noticeable in the
steel stocks and other sAdustrials. The railroad
share list was, however, relatively the most active
part Of the Market both the standard dividend
payers and the low priced stocks. showing sharp
a decided reduction, and despite the bullish manip
ulation just referred to the general disposition Of
the street to allow the market 70 become quiet,
In the hope that the enormous disbursements on
January l, amounting to at last $N0,0 1000, will
develop easier money and renewed investment and
speculative demand for securities
On Friday the market was narrow. but generally
strong.
Bank CIearings.
The following table. compiled by Bradstreet,
shows the bank clearngs at all principal cities for
Of increase aud decrease compared with the cor
responding week last yeaer: