The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-05-31

NEW YORK MARKErS.
The stock Exchangc.

Nav York. NAV SIN the stock market
this veek there was no reflection OF the
cheerful temper that had charactsE1eo
the dealings of the week previous Ine
speculation developed a duh and hagging
tendency, and eventual material conces-
sions occurred IN q number OF shares. Lon
don did not ngure extensively In the mar
ket, but was = steady seller OF the leading
shares Realizing incidental to the ac-
vancss OF the previous week gave the m
ftial impetus to the downward drift
The gold export movement maintained
its usual prominence as an unfavorable
factor, and In . number Of Instances the
disappointing. The liquidation sales were
raided In some Instances, notably in La
clede Gas and Sugar. the latter being al
fected by unfavorahls trade conditions.
support appearing to be temporarily with
drawn by inside interests. There was
some Inquiry for choice investment stocks.
and transactions were noted at materially
improved figures. The bears displayed ac-
t.vity In putting out lines OF shorts In the
closing deals. and the offerings were In
creased after the news OF the St Louis
disaster. The railway shares figured prom
inently in the market. owing to the general
pressure against the list In connection with
foreign selling and the depression Of the
railroad returns a. well a. the great DAM
age to property from tho Southwestern
tornado. Among the extreme declines was
Sugar. 3A to 12lk. The aggregate sales
were s., go shares.
The bond speculation Of the week was de-
pressed. some sensational declines being
noted In = number Of issues on liquidation.
st. Louis q San Francisco consci Is fell .
per cent. on the dsaffection Of the holders
over the terms offered In the reorganisa-
ton plan. On the other hand. Oregon In
provement firsts rose per cent, on the
favorablstreatment accorded to the bonds
In the reorganization plan The other
changes were less important. and Z better
tone prevailed In the late deal,nga. reccv-
cries Of 162 per cent. being made from the
extrsme low points. The sales were N.o5l.-
90.
Governments were active and lower, With
the principal dealings IA the nev q. The
sales were $57 900.
The Bank Statement.
Tho statement OF the New YORK clear.
inghouss banks for the i've days ending
May q. while It shows an increase In the
amount OF the idle cash in bank vaults,
II still favorable In several particulars.
Tho exhibit does not include the total
operations OF the week. the Withdrawals
for Saturdays gold export having boon
made after the average had beer, com
ruted- Tho expansion Of loans was 81. 75s,-
eoe. and. although this total Is not as
large as might have been wished, II prob
ably reflects that mercantile demand,
like stock exchange business. was almost
stagnant Tho decline In money rates
probably accounts for the expansion in
part. The interior receipts have been
quito large during the weak. The deposit
total. however, as was the case with
other items, does not reflect actual con-
ditions. Taken as q whole. the statement
Is better than earlier Indications. The to-
tai excess reserves OF the New York banks
are now slightly In excess Of 81 co., ore, or
about half tho amount reported for the
corresponding week last year. Total de-
posits are s6s.e0oon less. and loans are
81 o00 lower than for the correspond
ing week I'm 1895 The banks have gained
about 81. ode.ooo In gold during the present
month. but stili hold SIS. 00o0o0 less than
on February s, just before they began to
turn gold into the treasury for bonds.