The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1900-03-03
THE STATE OF TRADE.


NEW YORK March Ar O Dun a Co.'S
Besides the ssi eommeroia failures for ss.s5les
which reported todsy, there we're in February
SIX banking failures for ND,l2 and receivers we're
Company with SIS 900 90 q stock aud SIS coo 90 4
bonds authorized at its organization last April and
for the Third Avenue Railway Company. after liens
for scserai millions Had been placed upon the
property Unless separated from such events com
mercial failures could not be compared With bens-
TT The manufacturing failures Tor 81 81 .eSs
larger than in February Of 1885 or 1895, but more
than halt the amount vas ia two classes, four
large lumber and one clothing failure. making as
pei cent. Of the whole The trading failures were
cent ~ these defaults wete made In i've failures
In most branches the comparison with previous
Years is encouraging and analysis brings out n
strong light the remarkable low average Il liahih-
ties IN the smaller failures, which constitute the
great majority indicating sound business conditions
and unusually satisfactory collections The rise 81
cotton 70 asc the highest point since January lss5
has done much to stimulate the business, drawing
from southern plantations and country towns more
than double the quantity marketed last year. dis
trihuting millions to producers. whose purchase u
supplies are thus increased and swelling beyond all
expectations. the purchase for export
Heavy selling Of cotton by people who had none,
hut felt certain that &c would mark the limit q
th. rise, had placed them quite ~ the nereT ~
holders But the markets, both for goods and fur
cotton, have been affected an the world aud
the country viii reap some benefit IN larger eS-
" merchandise exports imports
The market for gods has been pushed 20 greater
activity, though they have ruled cniy per cent
since the year began. while the material has risen
over 3 rer cent
Except acFnss the ocean where events IN south
Africa caused nearly all business be forgotten.
changes ia the stock market rank ncxt in financial
interest 10 the rise OF cotton. II revelation
Of the appreciation IN which American railway
stocks held to them strongly supported. with
Third Avenue falling 10 about 80 and -four milling
dismissed 70 the hands Of receivers
The small Tiae in wheat, though the price Is quite
low, sufficient 70 cali from the farms esea bush
els against g. i6 ~ last year. Indicate that
supplies not nearly exhausted
Exports from Atlantic ports small for the
week. -four included only 500 bushels against
go last year. and in for weeks. from both
coasts exports have been H. are 30 against a. SIS rs
bushels
Though exports run behind last years which
almost unequaled, they have already exceeded
IN eight months those u the full wears Corn rose
B. during the week, white wheat declined lie
The iron and steel industry continues The great
est weekly output known. even while men
sneak II II waiting for definite assurances
about the future. Prices n pig Yielded = little
Riilsis have been sold At so at Ptttshurg For
most finished products ptices stronger than a
week ago. bars and sheets being strengthened bY
large business while only plates appear weaker s2l
being Quoted fer sizes the widest CGse IA
scarce and higher in spite u the largest output
eYeg known aud the wages u hands have been
raisefd ies per cent, 10 thu highest ever paid
The decline ia hides Al Chicago eontinnes being
nFer per cent the past week and lAer cent from
the highest paint IN December Leather has de-
ciined oniy ) per cent FROM the highest paint sad
part ~ that nnly in exceptionally large tFanssc.
npns. presemahls meant to he private
Boots and shoes have yicidri very little and many
dealers ended then Eastern TIP without buying
and intend 70 wait until April. A. they nd last
year. when they paid rather less than the pfice
asked 10 February
Failures for tbs wsok hare been sas in the United
states against - last aud = Ia Canada against
u last year.