The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-03-22
Weekly Bank Statement.

Ni"N't"tEh 1855 --sss-- $3.50. S~'NSS
Loans .. ...... 80 1899 400 .........
The banks hold sls.oSe.s75 In excess Of the
requirements.
The New York Financier says this week:
The statement OF the associated banks OF
New York city for the week ending March
n reflects The prevailing shrinkags In the
money market. The loan expansion for
the week was not quite 81. ooo.0 oo. The out
ward movement OF currency sun con-
tinues, and II Is the prevailing sentiment
that the return tide will not set in until
April. and perhaps later. There are signs.
however that this flow is nearing its end,
and while there has been a fair demand
from Western centers. exchange rates are
easing slightly. The outlook. however IL
for a firm money market for some time
TO come. The April settlements are draw
ing near, and until these are over the sit
uation must remain somewhat in doubt.
The government depository banks last
week turned over $1,000 coo into the treas
ury. IN response TO thu call for - per
cent payment and as the sum remaining
to be paid Is a very large one the limit
within which the payments are TO be made
has an important hearing on ne general
situation. The excess reserve is down TO
Si9ooa.en. and an imperative call for the
balance OF the government deposits would
have an embarrassing effect on the mar
MI ~ tilN reserves III sAFF III
many cases at low point. The treasury
Is. however. treating the banks literally
IN this matter ana no fear. 10 is said. may
be aPprchsnded from such cause. The first
can was more In the nature OF a request
than an order. with the usual adjustment
81 spring balances and a resumption % ffe
now ~ money toward the East. the out
look will clear rapidly.
Another point to he considered Is Tia
.f..N - - ~
change market gives no sign OF a sudden
advance. but thar this will happen II there
should be a larse increase In tho available
supply ~ money az the end Of tho spring
season S not difficult 20 conjecture.
Exports and Imports.
The exports - specie from the port Of
New York Cor the week amounted 10 $780,
or In gold and si.i74si2 in silver. The i'm
ports were, Cold, tie. 50; silver. 81 ms !:
DRY goods. s. So. 2G: general rnercha ndise.
$50
Money and Exchange.
Money on call. offered ~ per cent !;
prime mercantile paper. 57s per cent;
Sterling exchange. dun hut steady. with
actual business in bankers bills at nS7S. y
as Ter demand and 81 ssis - SIS. for sixty
DAYS. posted rates, As5a&sG4 IS and 81 Ssi-g
as; commercial bills. Ssa Bar silver.
49, Mexican dollars. 54s.c.
Flour.
Flour Receipts IS 80 barrels exports
ti' barrels. Sfeaaier. with wheat and
rule very quiet. Minnesota patents g 81
o. - Minnesota bakers. s. ssSS 10 sprir,
low srades. $sGe a.: winter patents. s. SO
AZ winter strsigh;s. s. ee1S a.. LOW
grade. s. .SIssS.
Wheat.
What Receipts Ii.lee exports ss.sso
Dol No hard ssA.c Z. o h anoat on
tioos opsnra steady, under better news
Consisting OF dun cables. small exports
hcavy spring receipts and liberal Argcn-
tine shipca~nts: terned strong ans nd.
vsnc~d on bad crop neNs and prc<l tai
cold VaVe and closed arm a, slight re-
se;ion frou, the top. Ne. : rel MAY. ~.
MA ~, "a u-isc. closed. g..
Hops
Hops Weak. isss crcp. .'4SFi4c: iS'
orcP. sgSc.
Woo
VOL Quiet: domestic reeoe. iss-3c
Pclel. 10 as-c.
: sAr-Rsw. Arm. eentr.fssai. - te~,
s-.sc. rscnea steady.
Petroleum
re.role ssa -S2Ises; United closed. s. -