The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-12-29

pectation OF a bond issue and the prepara-
ton for such an event by bankers and cap
itaIists caused z small premium on gold
obtained from sources outside OF the tres<-
ury. Exports Of gold for the week
amounted 10 about & epa.. "a against
estimates OF so 6n4a 90 70 So I'D. 90 Early
n the week Il was reported that wouid-5e
shippers OF gold we're hindered oy The
scarcity OF legal tender notes OF large de-
nominations, OUT no satisfactory explaTa-
ton OF ths non-sh5pment OF three-fourshs
OF the gold ordered for export by today
steamers was obtained Sterling exchange
rates. which had been sharply advanced
early. declined. Reports OF railway traits
returns for the third week IN December
exerted q favorable influence upon the
market. The buying movement culminat-
ed on Thursday. advances having been
scored over Saturdays closing. including
Sugar. lo12 per cent Final prices, although
showing liberal concessions from the high
est Of the week, reveal material net gains.
The aggregate sales were Isis. 80 shares
Today's railroad bond market was irreg-
ula-, but closed fairy firm. The sales az
gregated $3.50. The dealings for the
week were marked BY a reoound n the
speculative issues from the severe declines
OF the previous weeks closing figures. The
dealings footed $l0,l0s.qa. Governments
declined sharply, n anticipation OF new
issue Of bonds. The new Is fell of Fer
cent; -, 1l2: A coupon. 2, and do regis
tered. 2iz per cent. The hnal bids were
somewhat above the lowest prices OF the
week. The sales amounted 10 - coo. ST.
Yer certificates gained III per cent. on p1r-
chases of 5000.
Weekly Bank statement.
The weekly statement Of the associated
banks shows:
Decrease
Reserve ..........-..........-..--- Ll49,I-o
Loans -...,.-------.......---s-.- LII
specie ACKNOWLEDGEMENTS .1-'2V
Legal tenders .....-.........--.-''' 4'92.'-V
Deposits Observation-Disclosures. 10, -tl.sO
Circulation OBSERVATION-DISCLOSURES. to'tVV
The banks now hold sl5, So, $50 IN excess
OF the requirement.
The Financler says: The year closes
with the loans OF the clearing house banks
al their lowest figures. the total, si's,4hs'-
500, being S2.G00 600 under the return made
April q, when the loan item stood al slso,-
AS, 80 The unusually heavy decrease or
Sll. $50, loo in loans for the week Just ended
reflects the contraction which the panic
of ten days brought about, and the only
surprise is that the closing out or the
loans was not larger. The shrinkage from
the highest point reached during the year
is, however, over S440y0,0oo. At the tune
when the banks had outstanding the larg-
est total OF loans in the history # the
as. 90 or more than 100000 in excess of
the present deposits. and the excess re-
serve was something over $25,po,pOO, or
$4,000 00 larger than al the present Time
\ new bond issue. therefore, comes at a
time when the excess reserve IS down 10
SIS, 900 90, as against 100000 when the
previous issue was made. The total cash
holding of the banks at the present time
is only sl4l 800, which is over eco
less than the amount in the banks when
the last issue was made. and the specie
held is also sl5. 900 less than at that
period The total loss of gold since Janu-
airy, 1894. due almost solely to the different
bond issues, has been over $500o,o0o For
the first time since October Il the banks
lost gold last week, the decrease in "pecie
being S742, 800. The falling off OF Sl6.20l, 500
in the net deposits is almost unprecedent-
ed. The dividend period now at hand viii
likely change the complexion of the state
ment for the better within a very short
time. AS ii is, the outlook is for a firm
money market for some time TO come.
Exports and Imports.
The exports OF specie from the port of
New York for the week amounted TO So
3l4.574 in gold and 81. 90 500 in silver. The
imports were: Gold Sl51566. silver S5,052,
dry goods s., AZ, 9l5. general merchandise
$751; I'll
Money and Exchange.
Money on call. offered per cent; no
loans; prime mercantile paper, 5Q6 per
cent Sterling exchange. dull. with actual
business in bankers bills at 81. S974 S914 for
demand and $751; d4s9A for sixty days;
posted rates. s4.Sl444S9 and s4.90lzQ491;
commercial bills. $4S
Bonds.