The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-12-20

hanks to st5 ~ s5a or very nearly to the
FsgErc reached az The height Of the out
vard movement during the crop season
In vfew Of this fact. The sharp aaSsnee IN
money rates noted early last week may he
expected 20 continue for SOME time. al
though she upward tendency has 1een re-
gariad heretofore as a temporary incs-
dent
The changes in the statement for the
week are SO intimately connected with tire
IA sfygersf OF s. - 9s Into the suh-tressury
ny the Union Pacific committee that the
totals do not require detailed attention.
The National CITY bank, which has been
prominent in financing this operation loses
over ss.eo.eo in deposits It's cash re-
serve has also decreased something Ike
s. $50 Goa and its shrsnkage IN loans Is
more than the total noted in the average
of ali the hanks The other banks, aside
from this one institution therefore. aP-
pear 70 have gained both in deposits and
cash. ard their loans are slightly higher.
The bank statements for the next few
feresfing and important. as TWO additional
payments Of over s. tsn fssi are 10 be made
tn the sslh-treass.ry before January ). and
the treasury. on the other hand. will be-
the principal OF maturing Pacific bonds.
which will release when the operation il
completed something like SO. oaa 90
Whether this money. which may De slow
IN entering the active market. and the
rather heavy deficiency which the gov-
eminent will proba bly, incur over the jan
tdIs HaSpUE~tfffeHtS VIII make I'D GGr the
contractlons due To payments into the
treasury on Pacific settlements is the KEY
to tie immediate future Of the money mar
ket. Ii Interest rates continue 10 harden
and exchange weakenS. was the case
last week some interesting Developments
may be expected There can be no profit
In sterling exchange investments under
these circumstances. and the treasury re-
ports showing an increasing balance i'm our
favor, rates for money abroad will have TO
oe maintained very firmly 10 prevent losses
of specie TO this side.
Shipments 70 the South and the natural
shifting OF funds as The January dividends
become due are points in favor of contin-
ued hard money OF course. these condi--
items are as vet but vaguely defined. and
may be quickly changed But on the
whole they are important enough to bear
in mind during the next few weeks.
General Quotations.
Flour-Receipts. %. rs barrels: exports.
5 IL $40 barrels. Inactive but nonlinally
steady: city mill patents. s5.e5a5s5: city
mill clears. s. 4eet5.5o winter straghts.
saai 60: Minnes .o patents, s5;Ioq5 s.:
81 2sefi 10 winter low grades 81 so613
Wheat Receipts fse ss5 bushels: exports
53,ts6 bushels. Spot steady: No. red asssc
Options opened steady and ruled generally
firm all morning on better cables than ex-
pected. cold weather West. and large sea-
board clearances for the day closed IsGI7sc
net higher: No. red. December, sst4Gl
a9isc. closed ssc; May, 9sssas37sc, closed
s3%.c
Hops Steady: state common to choice.
ls95 crop. 4elsc: 1895 crop. en9c; 1897 crop.
J1iSc: Pacific coast. 1895 crop. 4eise; isee
croo, 6ff.ic: 1897 crop. I5atsc
ml7c.
Petrolegm-QuIet; United closed Soc bid.
Cofee-options closed firm at a net gain
of f0tl5 points Sales 25e bags includ-
ing: December 5.a5Gsc; March. 6 10gl6. 15c.
Spot coffee-Rio. No. invoice. csc; No.
tobbing. use; mild. quiet; Cordova, sla9
1ac.
sugar-Raw strong: fair refining, 3iac:
centrifugal &c test &c: refined strong:
mold A, 5ssc: standard A. &C. confeetion>
ers' a. &c: cut loaf. sac: crushed. 5a4c
powdered, ) 5-16c; graduated. 5isc; cubes
5-l6c.
Metals.
Pig Iron--Dull.
Copper-Dull: brokers price. Si0.e1j2-
Tin Plates Steady.
Lead-Strong; brokers'. $50.