The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-12-22

The stock Exchange.

cables showed lower prices. DGt reporter q
better tone prevalent at that center.
Nevertheless the foreign houses continued
10 unload American securities, and the
decline Of values in the first quarter OF an
hour was very severe and extended 70
per cent in Lead preferred. The decline
in the leading railways was headed by
Lake Shore with break OF per cent.
The flurries then subsidized, and prices
took a turn upward, Lead improved per
cent In the final dealings there was con-
siderable pressure against the Changers
and Coalers, which resulted in heavy
losses. The total sales were 154,5so snaFes,
including 90 600 in Sugar.
A week OF intense excitement in fnan-
ctal circles has just been brought TO
close. Seldom. if ever. has the stock eX-
change been conyulsed TO such degree
and for so long period as in the present
instance. Heretofore panics have quickly
subsidized and the bottom has been reached
by rapid stages, but since the delivery on
Tuesday last OF the presidents message
on the Venezuela imbroglo the excite
ment on the stock board has steadily in
creased Associated Press advices on Sat-
urday declared the Rothschild story 10 be
a canard, and announced that the London
bankers had resolved to make no with
erawais of American credits for the pres
ent. AS a result the declines made in the
opening dealings were partly recovered.
d
the share speculation. The improved feel
ing was of brief duration. and the gains
made were in many instances almost en-
tirely wiped out, and the market closed
decidedly heavy in tone. The sales for
the foreign account are estimated at
about 100000 shares, which breaks all pre-
vious records At the extreme low point
on Saturday among the more important
declines compared with the high prices
prevailing earlier in the week were: Con-
soldated Gas 24i4 per cent, New Jersey
Central ITS, Lead preferred 1ol2, Sugar,
lbs, Pacific Mail 1ia.. Northwestern 11e,
Denver * Rio Grande preferred l04, Col
orado Fuel 104. Atchison preferred s7s-
The dealings for the week reached the ex-
tremely large total of 2,253,0o0 shares.
The decentralization OF prices OF railway
and miscellaneous mortgages which occur
red during the week was attributable 10
the same influences that dominated the
stock market. The dealings were unusu-
ally heavy, and the depression in prices
was very severe in the issues having for
eign market, The trading for the Euro
pean account was very heavy. The aggre-
gate sales were 1882. 600 Among the
greatest declines were: Atchison adjust
meut As 9i2. Atchison Is trust receipts.
81: Atchison EDS trust receipts. ~; Chica-
go 4 Northern Pacific 1st trust receipts.
~; Colorado Midland lists trust receipts and
| Texas Pacific lists. 4; Union Pacific. Den
yer & Gulf lists and Oregon Short Line IS
| trust receipts. ga; oregon cOnsOls IS trust
receipts, III: Rio Grande Western lists and
Northern Pacific consol 5s, Ga. Northern
Pacific DDS. 6; Northern Pacific collateral
trust IS. 50. Northwest debentures s. of
1899. S.
Government bonds ruled firm during the
greater part of the week, and some issues
scored slight gains Toward the close. how
ever. there was decided slump in values.
In sympathy with the general weakness
Of securities, owing 10 the scare. New Is
are down per cent; new IS, ~: old IS
registered and old IS coupon, = per cent.
The total sales were only $5S.0i). which goes
10 show that the panic did not extend TO
taN government bonds.
Trading IN sase" certificates was in fair
volume. and purchases were made AZ an ad-
vance OF per cent over the final sale OF
! the preceding week. Subsequently 3 per
cent. Of the rise was lost. The transactions
footed up S9i0oo
On today's bond market the sIes reach
"a s2os7,oo The trend Of pr4ces vas
sharply downward. Government bonds.
/ nothing doing, railroad bonds. weak ana
lower.
Money ana Exchange
Money on call opened at 30 was offered
a. p bid but declined 20 per cent. an.
closed az per cent. prime mercantile pa
per $500 Sterling exchange. strong. with
| ae-u3l bus in bankers bins a. 81 Sqi.
e. iN''a for demand. ana s. N7@.84SS for 81
aars. posted rates. 81 S>1zHt sci. CONNER
cal bulls A>7
Weekly Bank Statement.
TIE weekly statement Of the associated
banks shows:
Increase. Decrease
Ra>er} 20 --............. ........ $I..a3 52s
Loans Observation-Disclosures. ......-. 3.s4isao