The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-12-16
NEW YORK MARKETS.
Th> STOCK rvch,,-


New York. Dec. f4-Sps~nsa.fen .osav
was. as usual chiefly IN the InaussrialS
The movement in that group was sAa-niy
upward. Sugar gained Il per cent TIE
railway shares were lightly 3ealt in. Is
Inmates OF gol2 shipments on Tuesday
next. ranging up 70 s:.esa ooo. caused a
saggang tendency in the leading RAILWAYS
which tended 20 Irregular closirg Up 10
4 late hour the only definite news Of prob-
able engagements for Tuesday accounted
for but $3.50 CO. No gold has actually
been ordered as YET. TIE long-slrawfa-oast
ruulOrs regarding tie proposed contract
between the Pacific Mail and Panama
Railroad Companies We're disposed OF to-
day by the formal ratification cs the
agreement by the directors OF the first
mentioned The Panama railroad direct
ors had previously authorized he sigma
ture of their president. Mr. Huntington
VIII sign on Monday. The InSustrials
also constituted the greater part Of the
weeks market. although nurnhsr Of new
developments bearing upon the railway
and general list came 70 hand The news
in general affecting the railway shares
WAS mainly Of an encouraging character.
aside from the shipments OF 81 90 coo in
gold and rumo-s OF probable engagements
of the precious metal early next week. ap-
proximating 81 %. ea The restoration OF
the dividend on Northwest common 10 a
per cent. annual basis was a notable
event. rejecting the belief Of the powerful
and conservative interests controlling the
property that the outlook for business en-
coura gcd that action. The resumption OF
dividends on the preferred stock OF the
Denver q Rio Grande company after an
interval or two years. the ratification OF
the Panama Raiiroad-Pacific Mail Steam
ship contract. and the declaration OF the
regular quarterly dividends upon Manhat-
tan railroad and Western Union Tele-
graph stocks were also encouraging devel-
opments. The net results in the general
market showed irregularity with a slight
preponderance Of declines. Railway and
miscellaneous bonds ruled active and high
er on dealings amounting TO $50 90.
Northern Pacific seconds were the feature
OF the speculation. rising per cent;
Northern Pacific collateral trust Gs. per
cent Governments were active and high
er during the week on purchases OF slo4.-
4ta. Silver certificates ruled weak and
lower, with sales of s2o.oo0
Government bonds-Steady
State bonds-Dull.
Railroad bonds-Firm.
Money and Exchange.
Money on call. easy at per cent. Prime
mercantile paper, 4n5i2 per cent. Sterling
exchange steady. with actual business in
bankers bills at 81 SSiza4. $50 for demand
and ANl444S7&a for sixty days Posted
rates, ~ .Ssetf ~ and "a. Slz9i.90. CONNER
cial bills. 4.S7.
Exports and Imports.
The exports OF specie from the port Of
New York for the week amounted to
81, 900 in gold and sl.020.oS0 in silver.
The imports were Gold 81. ISL. silver SIS
AIS. dry goods s.. SO. general merchan-
disc s5.SSo.2le.
Weekly Bank Statement.
The weekly statement of the associated
banks shows:
fsesefFe .'.s.-....--..-.- ..-....-.. M,S0-,So0
Loans Inconvenience. $1,000 ..........
specie .-.-............... 1880 ......--..
Lesal tenders .,-...-.-. ....-..... l,6S4,6oO
deposits .'.'...........-. 1,Ss9,Do ,....-....
CIRCULATION ....--....... .......... .sb
The banks hold SIS 29I. 325 in excess of the
legal requirement
The Financier SAYS this week: The state
ment of the associated banks Of this city
Tor the week ending December "a shows
an unexpected expansion Of $4,000 in
loans, which must be attributed as much
10 the speculative excitement OF the past
ten days as to a legitimate demand from
mercantile sources for money. The interior
movement of currency for the week net
ted the New York banks not less than ST..
100000 This is probably counted in the
statement. Against this should he placed
the loss through the Withdrawals Of legal
tenders for the gold shipments OF the last
part OF last week. and the 81. 600 900 with
drawn during the current week. These
losses have nearly offset the gain. but the
statement does not show it. The net cash
loss is 81. $50 900. The specie item is slowly
increasing. but this accumulation is not al
the expense of the treasury. which is actu-
ally gaining gold from the banks by Il.
The gold holdings of the New York banks
ny Ell ah 4 los hap no fch
est total reported during this year.