The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-11-11

~ a-1 coumercial paper markets and .
decided reaction n foresgn exchange rates
Time money was loaned for al periods AZ
~ per ceat on choice stock, ex-coliaterA
and per cent on good mixed securities
The market Tor discounts broadened con-
ssderab.y and prime paper was taken In
exceptional cases 1t 81 per cent. with
554 per cent tho high figures Good West
ern single named paper was discounted AZ
8 per cent, which = week ego was prac-
tica,ly unnArketable. Actual demand ster-
Hing vas quoted by some drawers cent
lower. ara sixty day bills were also shad-
ed materially. while In some instances
posted figures we're reduced I cent. TIE
weakress Of the market wxs attributed
partly to the completion Of covering Of sew
enty DAYS sterling loans ana OF payments
Of blocks Of our government and other
securities recently sold In this snarkee for
fore,gn account On the other hand
depressing influence - beginning TO be ex-
erted On change BY renewed foreign buy
ting Of our railway investment bonds and
stocks. The closing was fairly active and
irregular. but prices showed only slight net
changes either way in the leading shares.
Bonds we're easier in tendency early but
ffrner I'D toward the close. The inactive
Issues were in good demand and showed
s.Sbstan tia, rains. The sales were s. ss5 600.
Government bonds were irregular with
Silver certificates were heavy, recedinS
to e47s on sales Of $1,000.
MOney and Exchange.
Money on calf. easy At 4Srs Der cent;
fast loan. ~: closed at 46fss per cent:
prime mercantile paper. ss496,k per cent.
Sterling exchange, easier, with actual
Business In bankers bills at 81 Sqf4 SSi4
for demand, and $4sosa4siH for sixty
days: posted rates, e4.sz1s64 ST. and $a.sS
64G. commercial bills. e. S0k. Bar sil-
yer. CSC. silver certificates. 64Es0sSsc.
wheat IT the Top Notch.
There was big trade today and an un-
dercurrent of bull sentiment that lifted
December TO Sc, which 10 the top figure
for the year. The bears made several at
temrts to hammer the market down. but
news and sentiment were too strong for
them. New buyers stepped in on every
weak spot, and prices were rushed higher
each time until near the close the top
notch was reached English cables were
very strong and foreign houses had big
buying orders. both here and at the West.
Cash wheat was scarce all over the West
and helped TO advance options. Argen-
tine reports came very bad. indicating
considerable damage from the locusts.
Spring wheat receipts continue very small
Transactions In futures aggregated u 49,
0o0 bushels. The range on December was
from 81 1-lsc to SEC, closing at SSssc against
Ss7sc last night.
Changes in Available Suppfies.
Special cable and telegraphic dispatches
to Bradstreet's. covering the principal
points OF accumulation, indicate the fol-
lowing changes in available supplies last
Saturday. as compared with the proceed
Ing Saturday:
Wheat-United States and Canada, east
OF the Rockies. increase. 1881 $50 bushels;
afloat for and In Europe. increase, 1.4ul-
90 bushels; total increase in the worlds
available supply, 1891 900 bushels.
Corn-United States and Canada. east
OF the Rockies, increase, 1900 bushels.
Oats-Unfted States and Canada, east Of
the Rockies. increase, LOS 600