Pullman herald. [volume] (Pullman, W.T. [Wash.]) 1888-1989, 1900-06-23

and recollectlons or business activity,
the present "between-season" dullness
seems specially bad, and the reaction.
airy movement of prices makes trade
look worse Than it really is. Judges
by such indicators as railroad tariffs
and statistics of foreign trade, the vol.
ume of business Is considerably larger
than year ago, when, it will be recall
ed, trade was cheerfully active. Ii is
true, bank clearings are considerably
smaller than last years clearings,
which undoubtedly included much of
a character this year almost wholly alb
sent, and yet outside of the metropolis
bank clearings are heavier this year
than last.
The cereal markets have held the
bulk of the advance shown last week.
on the strength of bad crop reports
but foreign recognition of conditions
here has not sought the direction of in
creased takings. The acreage remain
ing in wheat is little below that actual
ly harvested a year ago, and owing to,
the favorable conditions in the south
west and on the Pacific coast, the gem
eral average on June is better than a
year ago, but spring wheat, owing to
lack of rain, promises much less fav-
orable results.
Wool was dull, and on the whole,
weak at the east, while good prices
have been secured in the west Manu-
facturers are not buying because their
business is not active, and lower weight
for the next lightweight season for
mems wear goods are predicted tho
| leading mill agents will guarantee
prices as late as October.
Lower prices of iron and steel have
not met expectations of causing a reduc-
ton in output and increased stock,
though the latter feature apparently
has been magnified because supplies
of high grade pig iron are still scarce,
particularly so in the south. On the
other hand, low grades are in plentiful
supply, with little demand.
Further shading of pig iron quota
lions are reported east and west, and
the possibility of 25 per cent restric-
tton of production is reported. Under
consideration of leading iron produ-
pressed desire of large ore consumers
that deliveries be held back. Rails
and structural steel are still well held,
but there is talk of reduction in pri--
ces for the latter product. The other
metals are dull, and on the whole,
weak.
Wheat (including flour) shipments
for the week aggregate 4,678O2 bush
els, against a. 230,221 bushels last
week; 2,794,471 bushels in the CORE
spending week of 1899 and 1896, 789
bushels in 1898. Since July 1 this sea-
son the exports of wheat aggregated
191, 824,9S2 bushels against 218,022, 892
bushels last year, and 225,272818 bush
els in 1S97-9S.
The failures for the week in the
United States number 1870, as compar-
ed with 1874 last week; SO in this week
year ago, 207 in 1898, 226 in 1897 and.
265 in 1896
Failures in the Dominion Of Canada.
number %, as against 20 last week; %.
in this week a year ago, 13 in 1896, "a
in 1897 and 35 in 1896
Metal.
New York-Silver certificates 60 &
Gle; bar silver, 60%c; Mexican dollars,
473sc.
San Francisco-Silver bars, .605sc;
Mexican dollars, 481a & Acc.
London-Bar silver, II 11-16d per
ounce.
New York-The market for metals is
rather quiet with a weak undertone.
Cables showed no material change
from the previous days closing. Tin
in the local market was held at $3075
with sellers at this figure at the close.
Lead-Continues unsettled at $372h
and $.771a.
The brokers' price for lead was $3.50
and for copper $16.50.
Copper-Dull and unchanged on the
basis Of $3.50.