The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-11-22

Southwestern roads. where arrears OF
srasfic released fr5sa quarantine restrtc-
tens ara coming forward. ne sno@;ns 81, 5
IS thar the third weeks earnings VIII ret
be fully maintained az the receft hish
octobe-. which are expected shorty. are
said 20 show a very large proportion re
recent heavy Increases Oh gross earnings
absorbed by operating expend st0rSS, III
view Of the drastic system OF retgencaEsenf
which was enforced on many railroad sSs-
TENS during the previous gear. IL was ex-
pected that there would be srrvarages 70
be made good in the present more pros
porous times. The widespread 20 2f2scs CT
railroad rates. all through sae coansss.
also tends 10 raise Doubts regarding futare
earnings The speculative mtrd has ron-
dered these things and has decided 10 re-
fraia fer the present. sfaa AesthsT the con-
fdsnf and optimistic balls nor the .skep1k-
cal bears have been much il evidence dur
ing the week.
As natural outcome of cheap money and
railroad bonds has been relatively active
and the high grades axe very siii1lS held,
resulting in record prices In some cases.
total sales We're ss.sS.aN.
United States IS are n higher bid Tor
the week.
Bank Statement.
Following is the bank statement for the
week ending Saturday. November -:
Reserve =. NssS.las .,.....
lzo111s fo~Aes-eHf 1850.
specie $500 ....-%. sss.ssN '"-'.''
Legal tenders ......-..... $500 1890.
Deposits .. -. -....s. s.see'"1 .,.,ss
The S s NOV Now hold sd scs, 20 in excess
OF requirements
Tas Financier says:
TIE statement of tina New York clearing
house banks tor the week presents no isA-
;gres OF importance beyond she plsin esi-
dsnce that money * stiH accommodating a.
this center. TIE week changes. however,
al .atsalf s.sf xSff "a
foreclosure settlements. which begin Mon
day wiki the transfer Of the sinking fund
bonds 10 the syndicate, that definite IN
depreciation Is sonasv hat difficult The
firss payment OF SIS sca.t9p is TO he made
through the depository banks and prepafa-
lions 10 tisas eiia have been finally CON-
plefed.
The ccnsummation explains the heavy
balances by some of the banks al the
clearing house. during the past day or swo
and also the Increases and decreases IN the
totals OF The statement. Thus the actuai
increase in deposits can be traced 10 eiSht
of the larger banks. The accumulation or
cash for the week was not less than <.-
$500. but IL is noteworthy THAI the re-
serve of the bank, watch has taken the
leading part L, the union Pacific deaf tsn
banks. mentioned In connection With the
plan, have gained in cash, but there IS no
doubt that the expansion WAS Que IN .
perceptfple degree 10 the flow OF funds
from the interior. The loan Increase Is also
involved in the case mentioned. The gain
Tor the week cannot ne ATTRIBUTED 10 iutF-
camille needs from tina fact that the eN-
pansion OF one bank which has been adj
yancing money TO the Union Paelnc SYM
dictate was over s., 5oo. 90. The truth of the
matter IL that the loans of the rest or the
banks have contracted Ss2s,.D since the
previous statement. AS matters stand. the
total increased loans OF the New York
hanks since November has heen $40. 400.
but as the loans OF the one bank mentioned
have in the same time grown about w.
00. Go, the only inference Is that the de-
msnd for money for business needs has
fallen off and that maturing loans are be-
ing liquidated
But little money IL being loaned In the
West in channels which usually absorb
large takings at this season. The SEASON
OF an inward flow OF money IL at hand anu
unless something Unforeseen occurs. the
outlook is for continued cheap money.
Bankers are talking of "A reduction OF In
terest on country hank balances, but moth
Ing definite Is forthcoming on this ooiat.
Imports and Exports.
Exports OF specie from this por; for the
week We're 1881 COS. of which flS,u6 was
gold. against $.oiisae for the same week
last year.
Imports of specie for this week were
$685. rs. of which si2o24s was gold. against
Sll6,1I1 last week and $f9a .3il IN the curre-
spending period last year.
The imports OF dry goods ana general
merchandise at this port for the week
were s. 6la ssh against $ii. l33. As last week,
So. 1855 in the corresponding week OF last
year
..- re, Il 1fss.