The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-05-24

els were utilised as . speculative arxs-
ment. and although the consignments fell
short Of the outflow OF the previous week,
some uneasiness Is manifested over the
decreasing gold reserve Sterling exchange
rates were wen held throughout. ana
toward the close the market displayed
strength and advanced TO Ass. Long
bills and cables were also slightly higher.
and expectations Of . considerable eslux
Of the yellow metal the coming week ara
general Foreign operations were on .
limited scale. and were mainly for the
short account except n Northern Pacific
issues. round amounts Of those securities
being taken for European account. in adj
dition to . considerable block marketed
IN London by J. p. Morgan. There was .
dearth Of news having . general bearing
upon the market. aside from the crop re-
ports, which were In the main satisfzc-
tory. The market generally displayed .
more decided tone In the closing dealings.
and advances In prices were made. special
movements being noted 10 some Of the In
dustrials under strong manipulation. The
speculation IN this group was the feature
OF the market. with Sugar regaining its
cld-time prominence The stock ran OF
~ per cent. early. to u. but WAS taken
vigorously in hand and rose to Is. closing
at about the best. The speculation Of the
week left on strong. with the standard
shares recording net gains OF f014 per
cent Railway bonds were dun to-day.
with noteworthy changes IN prices The
sales were SIS. 00o. The market during
the week was quite firm. foreign orders
being executed tn some prominent issues.
including the Northern Pacific. The
changes show net gains. the principal
issues showing gains Of q point or there
ahouts. Sales were 8. 7N oco-
Government bonds were quiet. but prices
were well held The transactions were
S1s7.0oa
Exports and Imports
Exports Of specie from the port Of New
York for the week amounted to G.5S.0o0
in gold and sl.ols. $50 in silver. The imports
we're: Gold sls.s77. silver $685.. dry goods
q. 50. 600, general merchandise S.t62.soo.
Moner ant Excnanee-
Money on call. easy. at per cent: last
loan. per cent: closed. per cent; prime
mercantile paper 4dSk per cent Sterling
exchange. firm. with actual business In
bankers bills at ASA G4s9 for demand.
and S4s7s.Q4ss for sixty days: posted
rates. a. SSG44 and $A.SSiz0&.so: CONNER
ctal bills. A0.
:. really Bank Statement.
The weekly statement Of the associated
banks shown:
Increase. Decrease
kte8eIVo sssssss 0Ss4~o.A@S
Loans SSsuoe,AD
Specie ...... ........... Iiee.ao .........
Legal tenders .......... 145S.Su0 .........
Circulation ...... ..... M.WO .........
The banks now hold t2l. 7u1 500 In excess
Of the requirements.
The Financier says: The decrease Of
$3,O5S. 900 In loans 10 an unfavorable feature
of the statement Of the associated banks
Of New York city for the week ending May
q. Viewed in the light Of the expansion
which has been noted of late. the sudden
falling on IL not easy Of explanation 1t
does not seem probable that the checks
shown In the currency expansion will be
more than temporary. since the Increase OF
only $31, 10000 At this season Is compared
with . total expansion Of 81, 900 last
year. made during period covering
about twenty-five weeks. The contraction
OF the current week. however, augurs q
lesssning demand, and indicates further
heavy exports OF gold soon The banks
gained In cash during the week $2.SS5500.
This gain is in the face Of exports OF
2. 10000. The advance in the price of do
nestle exchange at the larger commercial
centers indicates that the movement has
not yet run its course. although the South
ern banks are now coming into the market
for loans