The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1892-07-25
Total for the week

Total for the weee. .............s9 S9.766 81
Inis Is POI 20 in excess OF the total for the
corresponding week last year.
IL Is remarkable how the business of Seattle's
wholesale and jobbing houses has increased the
past few months. New territory, in which San
Francisco houses have heretofore held sway,
mas been invaded and made tributary to Seattle,
ana there has been general pushing out in all
directions. One of the secrets of this is the
unity of action and good feeling that exists
among the leading jobbers in the city. The en-
enlargement ana accommodations extended to
Schwabacher Bros. IL Co. by the other jobbing
houses, when the former were burned out
short time ago. were positive evidence of this
good feeling aud indicated the manner
III which the jobbers all work to-
gether. This mutual regard for
each others interests has probably been
the most potent factor in the extension of the
elty's trade into new territory and adding to her
prestige as the chief commercial city on the
Sound. AS this prestige increases new enter
prises are being removed here from rival cities,
every one OF which brings in new capital, en-
ploys more or less labor, advertises the adj
Vantages OF the city and makes her supremacy
the more apparent
There IS one other factor of great importance
10 Seattle's commercial interests, AMI that is
the numerous steamboat lines and small boats
that have their headquarters here and make this
CITY their objective point directing trade and
people here in preference to rival cities. There
Is scarcely a steamboat line of any importance
on the Sound that has not its headquarters here,
and over two-thirds OF the small steamers make
regular trips in and out. The result o: this is to
give the city vastly superior shipping ad-
vantages for small quantities of freight to sur
rounding towns, ani the aggregate of these
small shipments foots up enormously at the end
OF the year. Seattle jobbers appreciate these adj
vantages as well as the success achieved by their
own efforts. The Importance of their trade and
the city's prestige can no longer be ignored.
In his last financial review, Henry Clews has
the following to say on the financial situation
generally:
The impression appears to be very general
and we think the event is likely to show that it
is well founded-that the series of reactionary
influences which set in with the Earrings sus.
pension have now, after an interval of about
Two years, worked ont their worst results, and
that henceforth whatever charges may arise i'll
the general situation are likely to be for the
better. Indeed, already, traces of steady
covery are apparent both i'll the old world end
In the new. Though capital is still cautious, yet
IL begins to show anxiety for employment The
Willingness of the London Rothschilds to under
take loan of 81, 100000 for the Transvaai gov
eminent Is significant symptom of the dis
position of London capital to return to invest
ment IN foreign enterprises, and it will have its
effect IN encouraging the recovery of
the keynote of the beginning OF financial
revival in Europe. Even thus early
also, there are signs of the return OF life among
the dry bones lett in the wake of the destruc-
ton OF credit aud enterprise in the Argentine
catastrophe, and the great mass of obligations
which had so enormously over-discouuted the
resources OF that fertile country are now finding
buyers at advancing prices, while the premium
on gold is steadily declining The harvest
prospects in all European countries, excepting
considerable areas OF Russia, are hopeful;
which, taken together with the probability of a
surplus OF close upon 200,000,000 bushels of
wheat being available for export from the
nj fnIA tat rNf boa t,r,, Co.
the millions OF European population-a factor
which, in that part of the world, always con-
tributes to popular content and the encourage
ment of trade.
The aforementioned symptoms warrant the
hope of steady recovery OF tiade and finance in
the nations of the world. This is the more i'm
portant TO the United States because the foreign
financial depression of the last two years has
been attended with the return OF large amounts
of securities to this country, and with large
drains upon our stock of gold-moverents
which would naturally be reversed in the event
OF recovery abroad.
Coal shipments have been little heavier dur
ing the past week than they were the week be-
fore. The steam collier Keweenaw went out
with 1902 tons and the City of Puebla took $40
tons.
GENERAL SHIPMENTS.
During the past twenty-four hours goods and
merchandise have been shipped from seattle in
the following amounts: BY ral-Northern Pa
cifc, 495 tons; Columbia aud Puget Sound, 30
tons: Great Northern, 81 tons BY water
Mabel so tons; Puget Sound Il Alaska Steam
ship Compauy's boats, 81 tons; Wasco IS tons;
Sarah NJ. kenton, tons. Total shipments, 6S7
tons
MERCHANDISE AND PRODUCE RECEIPTS.
Produce and merchandise have been received
at the port OF Seattle during the past twenty
four hours rs follows: BY raii-Northern Pa
cifc, $50 tons; Columbia IL Puget Sound, 20
tons; Great Northern, GO tons By water
J. Il. Mcdonald. 60 tons; Henry Bailey, - tons:
Puget Sonnd d Alaska Steamship Company's
boats, III tons. Total receipts, 200 tons.
Portland Wheat Market.