The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-02-03
NEW YORK MARKETS.
The stock Exchange.

New York Feb. 1.-The volume OF bust
ness in stocks today was rather below the
half holiday average. The prices OF most
shares were shaded at the opening, owing
partly TO lower quotations from London
and moderate selling for that account here,
and 10 LIQUIDATION on apprehension of the
probable passage OF the free silver bill in
the senate. Manipulation for an up-turn
was soon discernible. and an aggressive
strength in prices developed and sharp adj
yances occurred all along the line. Sugar
and Union Pacific figured for about a
point. In the last hour a general selling
movement occurred. The market closed
ouiet but heavy in tone. The railway bond
market was governed by the Identical infiu-
ences operative in stocks. The Northern
Pacific mortgages were conspicuous for
strengfh on the decision OF the supreme
court fixing the court of primary jurisdic-
ton. This will, IL Is believed, help mate
rally to strengthen and straighten out the
tangled affairs OF the system The earn
tngs published were also hopeful. The ag-
gregate dealings for the week were si2,-
500 900. Todays bond market was irregu-
lar but mainly firm. The dealings amount
ed TO S7S6 900 Governments were heavy,
with a decline OF per cent. in the bid price
of the new As. Total sales were $4,000.
Money and Exchange.
Money on call strong, at per cent.
Prime mercantile paper, 6<lS per cent. Ster-
ling exchange firm, with actual business
in bankers bills at 81 ssl9@i.S sA for de-
mand and s4.S7l&G4.s11s for sixty days.
Posted rates, Si&Gissls and si.sslz9i 20.
Commercial bills, s4.S6a4.
Exports and Imports.
The exports of specie frcm the port OF
New York for the week were s5l3. 5o4 in gold
and s7s9, 300 in silver. The imports Were:
Gold s1.414.76l silver sl21, dry goods, s3.e14.-
456, general merchandise s6,s3o.s55.
Weekly Bank Statement.
The weekly statement of the associated
banks shows:
Increase Decrease.
loans ....'.. ... s7iia.ioo
Specie 49,. 49,. ...... eS5,0c0
Legal tenders ....-. l,i3o,5pV $1,000
c CgP9S11 tion M. ..'.. =. .".f" 1850
The banks now hold SIS, 62s, 400 in excess
OF the requirement.
The New York Financier says: There
was less change in the statement made by
the associated banks OF New York for the
week ending February than had been ex-
pected. The decrease in loans was only
nominal compared with the heavy hqui-
dalton which has been going on without
interruption for weeks past. The banks re-
port a gain OF s., II, 900 in cash during the
week, although the interior movement
must have increased their holdings not
much less than $4,000. 900. The increase in
specie was only s6S5.0oo. 1t would be inter-
esting to know how much or this was IN
gold and what proportion in silver certi1-
Gates. The statement, IL IL is TO be inter-
preted in general sense, means, more
than anything else, that banks have made
ample prepare tons to meet the new loan
They held at the close of the week an ex-
cess cash reserve of SS5 0oo,0o0, as compared
with about SO, 600 during the middle of
December. They have reduced their loans
over si5 co., coo. and they have SlS,oVo,ooo
more in cash holdings than at the time
mentioned.