The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-01-13

treasury officials ard the leaders ce the
bond syndicate, providing for the sale cs
the impending issue 20 its members TIE
formal announcement early CT Monday Of
call for public subscriptions created some
thing or sensation. II was predicted that
s considerable amount OF gold "a nav fer
subscriptions 10 the bonds by outsiders
woul1 be taken from the treasury reserve
and that too short a period was allowed be-
tween the closing OF the substitution date
and the time q payment. II was urged
that the withdrawal from circulation If
s1ch a large sum might cause a serious dis
turhance 10 the money market The stock
market displayed decided strength az the
outset. however, ard prices Of the leading
shares improved If42 per cent. But the buy
ing movement soon subsidized. ard q period
OF depression set in, which lasted until
Tuesdays close. In the meantime losses
had occurred throughout the list The de-
noralizatisn was the outcome OF the m
certainty regarding the government loan.
Fear OF tight money was coIncidental in
huence. Other vital considerations were
the Withdrawals OF gold for Shipment
abroad. and the acute foreign war scare.
During the last HALF Of the week better
feeling was evident. Moderate purchases
were made for London account. Lighter
exports OF gold than had been anticipated
easy rates for call money ard reports OF a
free movement OF grain 70 the seaboard
eli contributed 10 reassare Wall street. AS
a result many stocks recovered 70 the best
figure OF the week with the shorts heavy
purchasers. T0day's bond market WAS ir-
regular and fairly active. with the changes
narrow. The total dealings were s7S5,000
Government bonds were quiet but cener-
ally firm. The market eased of on the an
nouncement OF the new loan, but suisse
quently stifened smartly. The new Is rose
"a per cent, but closed at recession of u.
per cent. from the TOP. The dealings
amounted TO 81. 600. Silver certificates were
shgntly lower On a sale OF 5000 State
bonds inactive. railroad bonds irregular.
government bonds weaker. with new Is or
l per cent.
Exports and Imports.
The exports of specie from the port OF
New York for the week amounted 10
s0S4.5z9 IN gold and $685.. 745 in silver. The
imports We're: Gold S. 944. silver 1880.
dry goods S3,lS2.976. general merchandise
s7,753.s90.
Weekly Bank statement.
The weekly statement OF the associated
banks shows:
Increase. Decrease.
Reserve ........ ......s7. 4o3. 425 ........
Loans 1900. $1,000. 1855. 500
1870 epoSl|s '''' ''''''''.' Sfe'AVV
| spSclS ....--.--. ....-- :. 5sl.aio
i LesdL tender ....-. 4,S-a,4yp .....-.s
/ CIRCULATION -....-- 4s,t9 .-..-...
Of the requirement.
The Evening Post says: The bank state
ment today was one of the most remark
i able ever put out in New York city. This
IS certainly not surprising, in view OF the
thoroughly abnormal situation. The most
4 important fact disclosed by the returns.
. however, is an increase in specie and legal
" tender holdings for the week of 1856 800.
The gain goes tar 10 adjust the known
Of the gains in cash last week, as reflect
ed in Saturdays bank statement. The in
crease reported in the two bank state
ments Of last Saturday and today is S.
1880. 1t is very probable that the differ
ence between these sums. or part of II. is
& attributable TO legal tenders taken out to
withdraw gold from the treasury. on the
whole, today's bank statement must be
considered favorable, especially when con-
trasted with last weeks showing. The
stock market. SO far as IL reflected any
Judgment, did not seem TO look favorably
n the statement. At all events. prices
leld firm on languid trading until the
oank figures appeared. and then declined
Immediately for all important stocks TO
ne opening or lower. This was perhaps
partial result of differences drawn from
ne heavy loan contraction. London did
II tile in this market, and that was chiefly
cling. Its operations gave no clue TO the
H* FuoAbiS tou4SS VI prices a. the SSbiASuAtl4s
M ext week.
Money and Exchange.
Money on call. nominally 5Q5ls per cent.
81 rime mercantile paper. 6G9. Sterling ex-
aange dull, with actual business in bank
IS bills at s4.S994 .S9i4 for demand and
i.%iaI4.S7%4 for sixty days. Posted rates,
f LSS44.S 50 and s.. SAG sofa. Commercial
i lis. siSeA.
Bonds.
s. As new reg .I15 0. Il. & y. lists los
New Is, coup. lis c. Il. lists of 50. 100
Fives reg .l2i5 d. < K. @. Is. III
Elves, coup ...NZi2 Fours IS
Fours, reg -. .1GSba Erie Seconds. 81
Fours. coup. .109 q. II. IL s. A. IS. los
III rWOs, reg. 81 Sevens 100
3cldc Is OF '95. 100 II. & T. C. 5s....107
4. a. Class A.. 100 Skies ...........l04
lass B.........l10 NJ X. T. 1st As. S3Ts
lass C......10ll4 Second 4s....... 5Sia
B. New Con. As as Mu. Union IS .li5
Currency .....l01 y. J. C. Gen. IS lib
ssouri 6s.......iO0 Nor. Pac lists. ..1i4
Car. 6s.......l20 Seconds -. ..l0i
- Fours 80. .....I02 Thirds go. .... 81
c Non Fund | Northwest Con. 1854
.. 1aaL =