The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1900-05-26

and steel and lumber Unsettled conditions in the
cotton trade and large failure due mainly 20 over
stapling on the huh side q this staple has tended
to weaken quotations in several lines q speculative
business Rather better crop reports and the Aaek
ward demand for cotton goods uf coGrse partly
responsible for the sharp break. but statistiesily
the staple remains very strong. Crop reports are
latter 1t may he said that in the Northwest some
much needed rains have fallen, but the claim Is
prospects in the Southwest remain good. but foreign
inquiry has been OF reduced .eaie Practically
favorable conditions and reports from the oats crop
are Likewise good. but slight shading q quota
lower, and the is true of cheese petroleum.
hides aud leather, copper and number Of iron
Perhaps the most favorable report Of the week
as to distrihutive trade comes from the grocery
business. in which the sharp advance in refined
suger due. il Is claimed. TO the enhanced price Of
the raw material aud not to any settlement q the
trade way, has stimulated demand In other lines.
notably coffee, which is also higher for the week
Advices frum the dry goods trade q backward
demand at retail. affecting orders in many lines.
but cotton goods production is sim expected to
cur before much effect Is exercised upon finished
products Wool i. weaker and manufacturers are
stiu holding of The boot and shoe market Is duh
with manufacturers Arm. but with joheers asking
Lumber Is on the whole weaker partly owing TO
the unsettled conditions in the building trades and
partly TO the feeling that prices have been pushed
too high, and this feeling is likewise true II a
number " other lines In iron and steel The dead
ock stn continues. buyers and sellers being apart,
ally accomplished, is toward lower range. Nom.
nally Bessemer pig and steel billets are UNCHANGED
and this Is correct as far as large producers are
concerned bui outside offers are al considerable
auctions irom quoted values. Notable weakness ex-
lists in the prices for iron and steel bars, for plates
and for grades 81 Eastern foundry iron. Almost
the sole supporting feature is the strength Of es-
port but late advices wculd seem TO Indicate that
foreign markets may follow those Il America. tow
ard lower range
Almost alone among steel and iron products.
structural material is firm and much IA hoped for
in the direction Il business. The weakness in
cast iron pil is inducing some curtailment os pro
duction, notably at the South.
Wheat, including -four. shipments for the week
aggregate 36e, 9S bushels against 5.l7s,ts bushels
last week, S,lss3ls bushels in the corresponding
week Of 1893; 1909 3 bushels in 1895 9osi SOS bush.
els IN 1881 and 26i.&3 bushels in lssS since July
tbs season the exports Of ", %hes, area,e rs
and 2lo COG bushels in 1878.
Business failures for the week numbered ls7 IN
the United States. as compared with lS last week;
los IN this week year ago; 2l in lsss; 81 In ss'
the week number IS, as compared with p last week
Bradstreet's Financial Review.
Hrads,reets financial review tomoifow Will say:
speculation continues to he very restricted In
small. while transactions principally the result
Of professional traders activity. This has however
been interesting. though Disappointing, week for
wall street and Involved one serious disaster in
stock exchange circles IL began with more or less
Ia,ir =, 'ee.ns s a" "e hs snnounc,Tsn,
that the New York gas war had been brought TO an
end also by the news that Secretary cage mas
called the SIS 500 90 81 extended per cent govern
mcnt bonds for redemption. thereby tending to pre-
vent any undue Accommodations in the treasury.
Last Saturday the advances general and on
Monday the market opened with further display
of strength. which, however. did not continue, rs
there seemed to lie decided disposition to take
profits. Prices accordingly receded irregularly.
though bullish manifestations were kept up more
less in special stocks like sugar tobacco, Atehi-
preferred. Northern Pacific, and the market.
while dull not weak one London opera
tons in our market mixed and at time
exaggerated reports about the presence Of the hu-
bonic plague at san Francisco created DISPOSE
ton 10 liquidation II American stocks In the foreign
markets some attention paid to the crop
situation. Although reports 81 drought In the
Northwest heard the general situation was
favorable to the granger railroad prospects. The
decline Of foreign exchange and the lowering n the
Hank Cf England rate rendered the shipment IL
ST. 80 90 gold 20 Paris Thursday matter Of lit
the gold movement is generally considered at hand
The only other incident II general Importance was
the failure Of Price. Mccormick 4 Co IL had the
effect Of renewed liquidation and weakness in Sc
cufitic-, tho whole list on Thursday selling OF ID
a certain extent
Clearings.
The following table. compiled by Bradstreet. shows
the bank clearings at all principal cities for the
week ended May n. with the percentage OF increase
and decrease as compared with the corresponding
week last