The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-08-30
NEW YORK MARKETS.
The stock Exchange.

New York. Aug 29.-The principal mo
tive power IN the stock speculation To-Day
vas the covering Of short contracts D
the professional dealers, influenced py ths
Improvement in the financial SITUATION
based upon the gold imports. news o.
further engagements TO-DAY otoesn. ~
aggregate. including actual arrivals, 10
sf3. $50 800. The bank statement. as on the
Week previous. was much less unfavora"
bio than had been anticipated. the fs-
serve showing decrease OF less taa'.
ssg0 OD0 The exhibit caused something OF
a conflict OF opinion among experts
srVh, pzln occurred from the increased
circulation from the god imports an.
fairly large sum was recovered oy the
hanks direct from New Orleans IN pay
rnent OF advances n sugar bounties.
Than again the shipments OF currency
4, - interior. which had been very heavy
the first half. fell OF very considerably IN
the last three days OF the week. lac
foreign trade statement for july shows
very fa,rorafly. the exports OF merchandise
Increasing sif. I75.l46 and the imports de-
c-oazlns s2I 0ss go as compared with the
same month last year. The publication
Of the statements referred 20 encouraged
the bulls 20 bid Up prices IN various
parts of the lst. with the specialaes INC
enre was impaired also by support. be-
ueved 70 be from insiders. IN the Gould
ara Vanderbilt shares. and offset parti-
sl1v ths a~ect Of some Of the less satls~
factory traffic returns presented me
closing was at the top level. with tTac-
tfonaI gains generally. The dominating
f7e,o- IN the weeks stock market was the
sa1aorsilves3 condition OF foreign exchange.
TIE 6rop in exchange was 70 TIE lowest
roln, reached since isaa Posted quota
tsons also underwent sharp changes. The
call money market jumped n ar extreme
IS per cent. bat later receded 20 per
cent and closed AZ the legal rate. The
rnarks; in general displayed considerable
trre-ular4tv. owing 20 the features az
rrorx but the ret results we're sharp
game The bond market was quite active
to~Iav. speculative issues being especially
strong. The sales amounted 70 Ss+o"sa
T,ursrx the week the market was very
weak. many stocks declining. The sales
were & sis 90.
Governmen..eonds wer. steady. on mod
e~atA sales Silver certificates were dan.
on sales 90 So, GO.
weekly Hank Statement
The weekly statement o. the Associated
hanks seows: $3.50. r,.--..ss
Reserve $3.50. ....-..-.. ..'..'''' -
leans leI,. 1900 ....'. As.ioo -.
Legal tenders ..-.. $3.50. %9'e's' .x,es "a
Deposits -. --.''.''' sS.- 10 ''
Circulation ..-.. s--... -. -. =,
TIRE hanks now hold sa.s@,Zo n excess
OF the requsr erae1ts - - -.
TIE NeE York F'ins1cser MS ~eeN SAYS
7-,@ movement Of money oct % ne elea--
.--s,o,aa rar,kx since July = has reduced
.h.g- sspsastrs nearly s5z 5000 and IN the
sawa ienx-h % tire loans have shrunk
"a a.sa De. Despite mis- heavy drain n0"-
aya- me bark Statement for the current
-rassx - a r~-.s.st1ou n tts favorable Tea
TIRE OF rne one preceding i, and ne
hanks a. what rn5gnt - cs}lsd the as'sx
q. me rrasers stringent situation bod
r~a-Iw ,efssa 600 more cash than the lar
requires II IS true rhat ms casn y faos
~aYlaf,v distributes. A,Sa thzt many - re
sns.{r-1tfans are below their Legal FessrfsSs
~ rre snoring is encouraging IN many
wavs TIE opinions whkch oro~Sat about
sse change N the present Statement a~e
similar 20 rNcse 81 rz4e previous week. IA-
szr.xs lost heavily 20 the tnts-sSr. but TIE
n@s decrease n cash WAS smaller toan
has eeea sxpAossd T1e gain In so.cse
xe-zns 20 have bean made IN sofs yaTy ng
trosa g., 80 20 slea.s9 szsc1s The larger