The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-10-18

II would have been but for expectations of
favorable reports OF earnings by the rail-
roads The market opened duh and irreg-
ulsr, and soon developed marked weak
hess. the chief sufferers being Sugar. Chi
c2go Gas, the Changers and a few of the
more prominent speciaIties. Pullman rose
4 per cent. on the announcement OF the
dividend declaration. but subsequently lost
the Improvement, ard IN the late deals the
bears renewed their attacks. causing gen.
eral fractional recessions. The most i'm
portant financial development. the publ
cation Of the reorganization plan OF the
Union Pacific, was delayed until late this
evening. The stock market closed weak at
general losses. which were, in the main,
only fractional The market for railroad
and miscellaneous mortgages was moder-
ately active. and. while the trading was
somewhat erratfc, the trend of prices as
IN the main toward lower level.
The Evening Post todays says: There
was slight increase in the rates for ster-
ling exchange this morning. but the mar
ket was very dull and the demand was
slight. This is usual. however. on Thurs
day. which Is always an of day In the
sterling market. There was an active
market on rumors about possible gold
shipments and cables offered against
them, etc, but none of them couId be veri-
fed. The scarcity of cotton bills and de-
rnand by importers yesterday Tor remit
tances caused the rise In rates While con-
sentative bankers this morning said they
did not expect to see any gold exported
this year. there were others who said that
for a time yesterday il looked as though
some might be sent out on Saturday. II is
believed now. though. by those fnanciers
that there will be enough commercial and
security bills offering TO prevent gold ship
ments.
Among the unverified rumors today was
4
Bro. were offering 10 sell cables against
gold to be shipped on Saturday. There APP
pears 10 be no foundation for the story. IL
is generally believed that should any more
gold be shipped il would De by reg ul3r
and well-knwn banking house. and that
no one else could be in II at a proft AT the
prevailing rates Another similar shadowy
story was that Arbuekle Bros would ship
81 go 600 OF gold TO pay commercial obliga-
tons I'm Europe. II Is understood that in
all probability an international banking
house may find it necessary 10 withdraw
5000 OF gold from the sub-treasury in
day or two TO ship to Cuba
Financial.
Money on call easy, at 2d2is per cent:
last loan. 2; closed. per cent; prime mer-
camille paper. 4izds per cent. Sterling tx
change. strong. with actual business IN
bankers bills at 81. ssiz04Ss2. for demand.
and s4s7s4 Q4Ss for sixty days; posted rates,
sissa4 ssl4 and s4.s9gtSsl2; commercial
bills. 81 s6l5.
Silver certificates, 672.dSSi4A
Government bonds-Weak.
State bonds--Inactiye.t
Railroad bonds-Weak.
Flour.
Flour-Receipts 100 barrels. exports
5000 barrels. Quiet and steady.
Wheat.
wheat-Receipts 20,l00 bushels. exports
&c. 200 bushels. Spot steady. with more &C
tive trading: No. 2 red, ssl4 G6s12c. Options,
firm but quiet: October closed 65iac; De-
cember closed 61i4c.
Hops.
Hops-Steady.