The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1900-02-24

that could for the county since industriais
could not longer prosper without reaction from the
extreme prices caused BY actual or supposed scar
city q materials last year some help comes from
new iron furnaces thst have opened or approach
completion. from the famine in India, which
sends hither ship loads Of hides, some from me
cred the winter and some from the opening Il new
iron, zinc and copper mines The causes arr many.
but the revision Of quotations gives prouse Of
greater activity IN all the chief industries
The great iron industry has been embarrassed by
prices for Iis and biets which wero no louge, sas
Considerable transactions reported at Pail
adelpha, 81 TO 81 20 ton below recent quotation.
and 1000 tons bilets both iron and steel, being
reported 81 per ton lower. The nes furnaces sup
plying foundry iron have been competing sharply
al the East and small sales a besseEner have been
made for Pittsburg delivery, at 5Qc u e5c below
brace large works. but with this addition q
$3.50 tons yearly AID - ssles 70 the hoop SAD
unplaie companies. the National stesl has secured
large and rtch mines in Minnesota Plates are sttll
weak as most consumers are provided far ahead
but the Pacific orders cover 900 tons and the Chi
esxo Northern has placed orders in the East FOR
56lo u bridge work.
Ran mills are full, but have taken small con-
tract for export, and better business enables tin
plate works. which have been Idle 90 rcsgme
Cheaper hides and leather enable boot and shoe
makers 10 take contracts tor split gods al " les
than prizes recently asked and large sales
have resulted, giving part q the shops wCk fog
some time Others getting very few orders aud
some are stopping expected 70 stop in two weeks
The yielding in split leather began early this week
held arr fully &c per secured posind higher than
prices in large actual sales last week aud since the
decline covering grades between one-quarter blood
and lover, vhich u in demand and scarce. sud in
inc fleece, graded Xxx or over.
The explanations are MANY The fact Is That when
mills made enormous sales q hesyyseght goods
aud then bought wool the fable that their stocks
were exhausted ceased TO have force In tine med
down TO the low grades. the fall is general and En-
gsh markets also weaker Goods Of tine grades
have been opened with much les advance In price
cheaper grades.
tons continue numerous.
Failures for the week we're 2oi agsns, 1911 last
year and 3 in Canada against 70 last year.
Brndstreets Review.
RrAdstreet's review q trade tomorrow will say:
General cstributive trade is q fairly good vol
nme. although affected by weather conditions and
markels East and West, the presence IL buyers be-
ing encouraged hy special passenger rates soften
be noted, but the reactions x nsrruv extent
Money is steady AZ Whole. and no higher than
week ago Bank elcarinEs comparisons are rather
less favorable partly because Of less pronounced
speculative activity At this time las, year Gains
IN railway earnings. for the first two weeks u Feb
rnary are Of absolutely phenomenal proportions hut
II must be remembered that there were exceptionally
severp weAther conditions experienced last year In
bound tonnage is o. unparalleled volume while ship
ments Of spring goods 70 the country very large
That railroad rates are being badly cut Is conf
deuty asserted The earnings q sixty roads fcr the
second week q February aggregated s. ail 90. an
increase Of D.l per cent. over the same period a
year AGO Business whole continues on a large
scale, encouraging alike to distributors and consum-
Foreign demand for wheat remains small; Ameri.
can stpcks are large farmers reported holding
supplies back and crop damage discounted
by mild weather The strength ~ corn has been a
feature, foreign demand being u good proportions
and this has furnished a supporting element in the
wheat market General complaint u the low grade
of offerings from primary markets High
prices fof haxseed expected to encourage the
planting OF much land, ordinarily devoted to spring
wheat in the Northwest
There is larger volume u business in pig iron
az some markets. hut less at others and prices a
that product quite steady
The floating o. the sheet iron combination
has impaired strength 10 that branch u trade
Heavy ENGAGEMENTS have relieved the pressure In
that line somewhat
Structural iron continues active indicative oi
heavy building operations the coming spring and
summer Foreign iron markets retain all their old
strength and lower freight would it Is ar
Ened. bring about great enlargement ~ cur ex.
port trade Copper is qiHeter hut steady in price
and tin nntes further advance. In symnathy with
foreign sp.Ssiaton. Hardware Is improving in dis
trihutinn AZ the West
Business failures for the week number las a.
compared with 1873 week aso and On u lsea
The strength ~ staple values Il feature % Ca
madam trade Retailers viii carry over some sioss
IT winter clothing Industrial activity is very marx.
ed Canadian factories are running to their fIlleS,
capacity. business failures for the week number
y against . last week aud ~ in this week a year
ago.
Bank CIeRrtnGs.
The following table, compiled by Rfadstreet shows
the hank ciearingx ~ all principal cities Tor The
week ended February g. with the percentages ~ in
crease ard decrease. compared with The CORE.
spending week last year;