The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-02-13

Total for the week ................ $e.3oI7 VI
This Il SIS, 100 S. less than for the previous
week. and 356,5sl.4 10 more than for the CORES
ponding week last year.
Trade has been generally dull during the past
week, owing to the interruption OF traffic caused
BIZ the snow. An opportunity has teen afforded
dssiers to reduce stocks Of goods On hand. and
in some ca,es this has caused q material adj
vance IN prices as the quantity coming IN has
been very small. Oats went up to $50 Der ton
the frat of the week and have been maintained
at that figure aimee that time. even then the sup
pIy being limited. Stocks of potatoes also run
very low, although quite q quantity was on
hand when the storm came on. The price ad
ysueed 10 So per ton for jobbcrs, but IL ex.
pecfed TO go higher, because dealers anticipate
that when pits are opened good many will be
found that have been frosted. Meats were
scarce the first oil the week on account OF the
lmpossibi!ity of bringing becves from cast OF the
mountains and the general scarcity OF hogs.
The supply OF coal which was barely kept up
early In the week was replenished when the
weather moderated. About the only article
that was reduced in price ranch eggs.
which declined slightly toward the end OF the
week, on account OF coming in freely.
In his weekly financial circular Henry Clews
has the following concerning the heavy ship
nents OF gold to Europe:
The effect OF these political and monetary con-
France now holds $4,000. 600 more gold than a
year ago, whilst tie Austro- Hungarian bank
shows an increase ia its holdings OF SIS 000, 100
The combined accumuistions of these two banks
amounting to &62. 00J .0l0-almost exactly cor
responds with the net export OF gold RON the
United states in $50. which Is Officially stated
$1,000 GOA The connection of cause and eff
feet 10 here obv Gus as To toll its own story
THIS transfereDce has come about through q
natural banking process. The contraction OF
large credi; operations on the continent has
se.A , tnt, ra.Sts
Britain. and that in turn has caused some con-
traction OF credits in England's rel stions with
the United States, and has induced Withdrawals
Of bankers' balances from employment In
this country. This seems to be about the
only rational explanation OF our large Losses
OF gold In the face Of q condition of our
foreign trade that did not call for such remit
tsnces. There II, however, . limit to our ex-
posufs TO depletion by these processes, and II
would seem as though such a drain cannot go
much further. There Is also this satisfaction,
that IL the dangers should really happen against
which these boards have been accumulated, the
catastrophe will have been provided for in ad-
vance aud the Exposure of the United States to
dsain will have been correspondingiy dimin-
Ahed. Our exposure TO this sort OF thing is no
more than might DO expected from our large
depsndsnce upon European credit: but IL surely
paould be . serious question with Americans
whether this sort OF subsection IL any longer a
peccssity, at least to such an extent as it now
exists: and whether, with our vast increase OF
vsaith. the time mas not come when New York
euouiu nave creoit lnetitutlone competent 10 re-
lieye this country from foreign relations that
expose US to all the political and financial dan
gvfs OF conditions Ia which we have no direct
Interest The immediate policy of this country
should be--less money for speculative enter
prise and more for broadening and cousoiidat-
Ing our own credit organizations.
SHIPMENTS AND RECEIPTS.
During tho past twenty-iour hours produce
and merchandise have beeL shipped from and re-
ceivei at tie port OF Seattle in the following
amounts:
Tons.
eaPments bv rail and water. ........... co.
Receipts by rail aud water ...............a. 900