The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-12-02

erations. The opening was very auu.
naE sharp covering movement started
II the lndCStriais early. lea by sugar
That stock rose ~ and Western Union
! Tie railroad list was unfayorahly az
tectec by lower London prices and for
sigl selling in this market In the last
HoG- the abatement OF the covering de-
-nanc caused receSSicrs generally and
the market closed active ana Irregular.
with special pressure against the rail-
road list. The sales for the eay were
1A.T0s shares The speculation for the
week has not been especially interesting.
Al the outset q fairly well sustained
rally IN prices came in response 10 an
encouraging tone in foreign advices,
which appears 20 indicate that the COM
plicauons OF the Eastern question were
less acute. Europe. however. II turns
out. is still struggling with its liquida-
uon OF South African stocks, and this
Is rejected not only IN the absence OF
demand in Europe for our railroad secu-
rites, but also IN sporadic sales OF good
stocks in order to protect the dspreci-
ated kaffirs. Foreign exchange continues
al the geld export point. but the ship
ments for the week have been consider
ably less than the exports OF the previous
week. Financiers and operators are look
Ing forward anXiously 20 the report OF
the secretary OF the treasury and the
presidents message in so far as they may
bear on the currency situation. Currency
reformers are unusually active at the
present, and impress upon the financial
community that the reason gold con-
tinues TO go out is because our currency
is diluted with deprecated silver and fat
paper. They forget that France, which
has within the last twenty years accuTu-
lated the largest stock OF gold the world
has ever seen, contains in its currency
n -Dc~ e11s 10
ciated silver and fiat paper. Why is il,
then, that France accumulated gold
while the United States Is steadily losing
II? The answer would seem TO lie in the
difference between the economic policies
OF the two countries. Among the more
important advances were Denver prefer
red 2ss, Sugar pa, Atchison preferred,
when issued. Ia. Rio Grande Western pre-
ferred IL. and Northern Pacific preferred
Ia. A number of gains OF l per cent
were recorded. Today's railway bond
market was moderately active. The
transactions amounted 70 s1e5, 900. There
were few important changes. Oregon
Short Line union cousols rose sI4 per
cent. The trading in bonds for the
week was fairly large. and the final re-
suits showed gains and losses about even
~ divided. oregon Improvement firsts
gained per cent; Atchison adjustment
As when issued rs, and Denver & Rio
Grande consols As gained lis per cent.
Union Paclhc collateral trust es lost ~
per cent. BUSINESS In governments rooted
up So6Vo. The registered or 1870 closed
= lower, whle the Is coupons advanced
IA. silver certIncates were deat IN Tor
s2o'Wo at 61Ssu6'ze. Government bonds
steady state bonds inactive, railroad
pohds STEADY
Money and Exchange.
New York Nov 20-Mouev on call
EASY az 9ihG12 nor cent last loan. 21s.
closed o.. nrjrna rnercantfle oaDer gG4
Sterling exchange duu. bankers bills
81 Sea14 Selk for. demand and S3S71S4I4 spa,
for sixty DAYS. nnsted rates. 4sSiSfD4. 50:
commerciaI hiIIs ii ssa
woa1,I,- ri .,....
,.s
Inc "eehiy statement oi tle associs'eu
banks shows:
Increase Decreace.
Reserve ................. ...... ssl' bS0
Loans .-.........-..--... ...... Z,os2'Svu
Legal tender....-....-.. ...... l,944,-0
deposits ......-...-.-... 4'SS-,oVo
Circulation ............. $3.50 ..........
the legal reouirements.
The New York Financier saws this
week: The statement of the associated
banks OF New York city for the week
ending November 80 is nothing more or
less than a belated report OF the business
OF the previous week. The changes are
due partly to the gold export movement
or the earlier part of ale current week.
but they INCLUDE the later shipments or
t.ls pIecea1Is "eeh' Acco'ulhs 20 tIie