The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-02-17

c@sssors in rhe general market were mainly
fractional Sugar improved akcst a point
on further advances in foreign beet and DO
nestle refined sugars. but eventually lest
the gain in sympathy with the weakness
IN tie ether shares. The closing was mod
e-ztelv active ard heavy IN tene. TIE
weeks speculation has been unsatistse-
tory 70 al bat the brokers' who devote their
exclusive attention 10 quick turns n he
market There has been a general com
plant among commission houses over the
suI4reSs ef business The PROGRESS max
frx toward replenishlng the gold reserve OF
the treasury. incidental 70 the latest gov
eminent issue. ana he reports and gossip
IN relation thereto. have been the pivotal
influences in Wall street In the last few
DAYS IL has become clear 20 expert
encea nnanciers that the ret gold receipts
10 the treasury from the new $40 De 30
issue viii fall considerably short ~ early
anfsespaflons excited by the exceptionally
large oveTsucscripsions. This. Of course.
is slla 20 the fact that . fairly large pro-
portion OF the successful bidders VIII. in
all probability. draw their gold cut OF the
treasury, and thus defeat the very object
Of the loan Investors have adopted cau-
fsoss policy until the course Of the money.
exchange ard mercantile paper markets
can be more clearly forecssted than atrres-
ent TIE failure Of the free silver defeat
in. congress 70 stimulate foreign purchases
OF our securities and the selling for the
same interest attributed 20 Increased fTsc-
ton over the Transvaal situation. together
with the predictions OF prominent Euro
pesn nnanciers OF an early sharp revival OF
gold exports. exert a depressing influence
npon the local speculative leaders. The
railroad reports are less encouraging, al
though returns Of railroad traffic are main
Is favorable. The general market move
rYaent has been fairly active. in spite OF the
holiday interruption. and the course OF
prices erratic. The Tndastrials attracted
the greatest speculative attention. with
Sugar and Tobacco foremost and ffuctu-
atin< wildly. Evidence Of active rnsnipn-
alton by insiders wzs manifest in each
case The former shares named were
marked up per cent. 70 1854. in an;icipa-
ton Of early declaration Of the regular div
idends. A reaction 20 iIiA followed. on
the introduction az bill IN the senate pro-
viding for the removal OF the diiTerential
on the staple. Subsequently. on successive
advances in foreign and domestic grades
OF the staple. the price rallied 20 If37s. The
aggregate sales were ]. ~. 5a+ shares. Tire
railway bond market today was fairly
active, with q downward tendency IN pro-
cess. The dealings amounted TO ssas.eoo.
The speculation OF the week was moderate
IN volume. and firm tone prevailed. al
though some irregularity In values was
noted. The total business was $50. Tl2.00a.
The market for governments was strong,
with the exception of II per ceat, drop
in the old A.. A single transaction ~ s5e7,-
coo took place. ana the aggregate sales
reached 81 0sS. 900 For the week the IN
usually large total OF s.. $500 was record
ed, the business being chiefly In the new
Is coupon. Slight concessions in prices
were generally made.
Money and Exchange.
Money on call. nominalIy 3; prime mer-
camille paper, 5ikl7. Sterling exchange
quiet, with actual business In bankers
bills at s4s5asd4.S5a. for demand and
4 ssi. "A sSls for sixty DAYS; posted rates.
81 s7GA IS and 81 Ss1k4i4. 30. commercial
bills. si.Ssiz.
Exports and Imports.
The exports of specie from the port OF
New York for the week amounted 70 sSiS-
600 in gold and saT7. SIS in silver. The i'm
ports were: Gold. S.ss7.Tsi: silver. $3.50:
dry goods. S,s5S.0ss; general merchandise.
81, 415. oss.
Weekly Bank Statement.
The weekly statement OF the associated
Increase. Decrease.
Reserve ....-...- -.-..... sS,jeS.s~o
Loans .....-...-.-.-... .--.sS.oii,so -.....-...
Deposits s--...-.--. -hl."N .-.-~.-...
Specie 49,. ...+...-.... 7.li2sace
Legal tenders. -. -. 3.ss4.ago ........-.
Circulation ..... --..-- -.s.-.-. ~. 100
The banks hold sss. .s75 In excess OF the
requirement.
The New York Financier says this week:
The statement or the associated banks Of
New York city for the week ending Feb
ruary Is is 10 be regarded as favorable, al
though IL IS not exactly what had been ex-
pected. The increase or IS. Ell 800 In the
loan item. for instance. would be taken
ordinarily 10 mean that business was ex-
banded. but it is not safe 10 judge sud
den increase In loans owing TO the govern
ment bond issue as indicative OF such re-
viyaI The sudden change In cash hold
ings was, OF course. 10 have been antici-
pated. but the bank report has been a little
belated in covering the entire week. The
treasury has. since one week ago Saturday.
received in the neighhcrhood OF SO. ooos so
in specie. This does not ali como from the
banks. but IL Is 10 be doubted whether their
payments constituted only the amount
shown in the statement. The six national
banks acting as government repositories
now hold. according 10 close estimates,
from S. oso. GO to slo.ooc 90 OF treasury gold.
This is secured TO the government by spe-
cial deposits OF United States bonds. The
legal tender increase OF x,sA.eo was
brought about In part by the excess OF in
terror receipts and by operations with the
treasury on the bond account.
tsoni>.