The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-08-15

csratsc- rhae TIRE two cc-sofrstsers 50
nos believe anything cc1id be gained ey
re-12,2.E tas 1r4ceS e materials and The
main clesezalkv is oovfcassx the extreme
EsNr-oEaeSs % he demand fer finished
Pssc@ctA which 10 80 small that E2ost
Sr&1sacs4o-s are made =: concessions even
ron TIE ezxrsnr sow prices. VITA Ala
oar1a Ma offered a. 40 at Bsrulng ham.
ecasvalaa. "a szHS here. against sti.sa ser
SoTsasrn No. :. tire market - act large
es1Eg2 - s1pro-s ire prize % either. CO.
pqr rses1ea q KS quotations before last
we@E Til Aas ssen sesd eslow current
Guos.ste-s a. ss2ss. With sales u Sc teas.
Lead Weakened.
Sases ~ WOO ~ shs three chief mar
ksIs Tor two weeks were 47sistx1 pounds,
against lAs-z.ese n Eke sarue weeks OF
80 and 3 SIS 90 II she same weeks CT
Failures for the week Rave been -ss In
the United States. AxAinss fss last year.
And 3 IA Canaca. against $ last year.
Bradssre~sss stock Review.
B-x6strees's review OF the New York
STOCK market vii says Speculation during
TIE past week hss been marked by RAPID
ana Il some cases a very considerable re-
acton from tbs heArssh tendencies of he
preceding fortnight. TIE large falling or
IN deposits and cash holdings caused by
the local troubles At Chicago and the
sprtasang ap Of q demand for money in
connection sith the crop movement al the
West and South justify high rates for
money, and a; the beginning of this week
sns BANKS. Amos without exception.
marked up the cal loan rate 10 per
cent. While commercial paper has been
unstable, and Ii has been impossible TO
ooS4lA time loans, even a. s per cent, on
1ae oess class 81 collateral. AT the same
N1ae money has been Ia fairly abundant
supply. and borrowers have had no dssfs-
calty IN making arrangements from day
70 asy al per cent 4 further gratifying
indication was the decline in foreign ex-
change. the rate for demand sterling fall
ing 70 Assss- Gold imports are eyen talked
%. although the market for exchange is
aaoas 9l11c above The point az which gold
could be brought into the country from
abroad. The e1ec. OF the high money
rates has also been seen la certain
amount or lending os foreign money N
this market.
Relief from the fear OF a money squeeze
has doubtless aided the stock market.
IL may be noted. however. that the buy
ing on which the market has improved
during the week Was N the main profess
AEal, and WAS supplied by the short inter-
est. Rumors have been circulated. with
what degree OF foundation IS hard 10
determine. that certain large interests
which sold at the beginning % the recent
decline have repurchased their holdings
in the granger and other groups OF securl-
ties. and there were also rusnors which,
however, lacked confirmation that q COM
hsnation OF important financial people had
been formed 10 support the stock market
and prevent further Generalization. On
Frsssay the market was very strong. on
continued covering By shorts and pur-
cnaSes for long account by traders.
though al the close prices eased of some
what, on the expectation of another bad
bank statement for the week ending TO
day.
Bank Ciearances.
The following table. compiled bv Brad
streets. shows the total clearances at the
principal cities and the percentage OF in
crease or decrease. as compared with the
corresponding week last year.