Pullman herald. [volume] (Pullman, W.T. [Wash.]) 1888-1989, 1900-09-22
TR ABE REPORTS.

NEW YORK radstreet's 'eport
for last week says: Expanding de-
mand at advancing prices in many
lines of trade finds its chief exemplar
in the market for raw cotton, which
has witnessed the greatest excitement,
heaviest trading and largest gain in
price for at least decade. Rarely
if ever in the history of the trade, as
conducted on modern lines, has the
interest displayed on the product been
greater and the manufacturing inter
ests of the world find the situation a
perpleXing one, while the prospects of
large profits to producers are stmulat-
ing all lines of southern trade. Eng
lish spinners who are reported very
generally short of supplies, are con-
sidering drastic methods of meeting
the requirements. In American cot
ton markets the situation, from being a
buyers market a short time ago, is
now reversed and sellers are in a po-
sitiOn to dictate terms. SO suddenly
has the outlook as viewed by the trade
generally changed, however, that man
ufacturers are unable or unwilling to
define their exact position or if they
accept new business, do so on a dis
tinct basis of cost of new supplies.
Maximum cOtton-crop reports Of past
years are low, dealers are apparently
panic stricken and predict famine
stocks for the end of the year, even
with reduced consumption.
Most food prices are either firm or
I I, I'll Io..
vanced on better export demand and
/ bad weather at the northwest, proved
by the low grade of much of the re-
ceipts. Corn is in good demand, with
scant supplies of old crop and pork and
lard sympathize Herewith. Raw SUI
gar is still scarce and higher on the
week and coffee is fractionally high
er. Among the great products that
are lower are butter and tea.
Print cloths are out of the market at
old prices and southern cotton yarns
have advanced. Wool is still rather
weak and the demand for spring
weight mems goods is still disappont-
ing. The predicted anthracite coal
miners strike is almost the only unfa-
vorable feature of the industrial stu
alton.
The iron and steel situation has not
materially changed, and irregularity
/ in demand and prices is still fea-
ture. Rather more talk is heard of the
influence of election uncertainties up
on future trade and certainly some adj
ditional weakness is felt at the leading
pig iron markets, while on the other
hand finished material is more firmly
held. Examples of this are afforded in
the weaker tone of pig iron at Philadel-
phia and at Birmingham and in the
placing of Bessemer pig on $14 basis
at Pittsburg. On the other hand some
large sales of pig are noted at Chica-
go at so cents advance and $4,000 tons
of plates have been placed at that city
of firmer rates, while bars are active
and higher. Wire products are report
ed we'll cleaned up and stocks are light.
More is doing in bars at other western
points. Hardware is in good demand
and a good fall business is likely.
The outlook as to steel rail prices is
unsettled, but lower quotations are
looked for.
Wheat (including -FOUR shipments
for the week aggregate 1868 bush
els, against 1856, 290 bushels last week,
4,536556 bushels the corresponding
week of 1899, 1856, 290 bushels in 1898,
$685. $40 bushels in 1897 and 1868 426
bushels in 1896. From July to date
this season wheat exports are 34983, 343
bushels, against 42,012795 bushels in
1898-99.
Business failures in the United
/ States for the week number 297, against
154 last week, 149 in the week a year
ago, 113 in 1898, 1863 in 1897, and 312
in 1896
In Canada failures number "a, as
against 26 last week, % in this week a
year ago, 20 in 1898, SO in1897, and Al
in 1896
PORTLAND.-Wh Walla,
/ sea SIC; valley and bluestem, 59060c.
TACOMA. - Wheat-steady; blue
stem, 69l2c club 5GI2c, both for eX-
port.