The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-03-16

sns pan OF DIFFERENTIATION. which IL -
understood VIII De published on Monday
next IL T. evident that the common and
preferred stocks VIII have 10 contribute
heavily 70 provide for the large amounts
OF cash that are 3nperS.sveiy required TO
rehah-liate that grea, property. Upoa
dealings larger than the recent average
the corsno- stocks yielded Is and the pre-
ferred g. per cent The trading in the
balance OF the list. aside from the leading
industrial shares was featursiess. Sugar
sold I'D IA. osterssbiy on account Of ad-
vnHces In the prices OF the foreign and
domestic product Nest Of the advance
was retained The railways shaded CT
slightly az the outset, but stlne1ed later
on purchases TO cover shorts. The final
operations were irregular. and the net
changes show small fractional Nc. gains
The speculation Of the week clearly indi-
Gated the continued indisposifion OF out
sicers to make ventures in Wall street
despite a number of developments that
would ordinarily have created intsres; IN
the market. The responsibility for this
condition OF affairs Is varfoasly placed up
on the prolonged political preiicamsnt
both in this country and in Europe, the ex-
t-avax a1ces Of congress and the unsatis-
factory condition of general trade. The
merchants report that Increased t-aasac-
lions are made as a rule oaiy a. she ex-
pense OF values. and IN many cases are
neither able nor willing 10 contribute 10
tho financial necessities Of the brokerage
contingent. The more important events
have included the declaration OF the regr-
lar quarterly dividends on Sugar, Manhat-
tan and Western Union, the half-yesriy
disbursements on Northwest preferred and
s.. Psui preferred. and notably the ad-
vance made in 81. Paul common 70 a
per cent. annual basis. The purely profess
sional character OF the operations for the
week was evidenced by the wild specula-
@l@~ frI~ fnr-d .
Industrial shares. Tobacco was promi-
nent In this class in point Of activity and
erraic fluctuations. The forthcoming
plan OF reorganization OF the Northern
Pacific excites widespread attention in
financial interests throughout he coun-
try, owing TO the large distribution OF
the holdings. The net changes in the gen.
eral market, aside from those enumerated.
were slight. and in most instances record
declines. The aggregate sales were ILL
9S7 shares. The trading in bonds TO-DAY
was exceptionally dull and uninteresiing.
The dealings amounted TO ss2iep. Bnsi-
ness for the week shows iTreguar!ty. hut
a fairly firm tone ruled. Final prices
were at slight concessions. Total sales
were Sc. ~ ooo.
Governments were irregular. with an
easier tendency. on sales of si4S. 400. In
state mortgages marked improvement oc-
CURED in Tennessee settlement thirds.
ness. which aggregated sl2o,ooo. In silver
certificates dealings of sso.oo we're noted,
without important change in price.
Weekly Bank statement.
The weekly statement of the associated
banks shows:
Increase. Decrease,
Loans ......... &, o3S.0fo ..........
Deposits. 80. -. -. 25loW ....>-.-.
Reserve. ..... ......... ........ 81, 800
specie $500. 80. ''.'''.' - -
Legal tenders. .-........ ........ sol'r"
The banks now hold sci. SIS in excess
of the requirement.
The New York Financier says this week:
The statement OF the associated banks OF
New York for the week ending March IL
shows a further expansion in loans and
decrease in the reserve. two factors that
have always operated 10 produce a nrmer
money market. One year ago. with the
reserve down to 1888. 715 money was loan
ing on call at but little over per cent. ana
ii did not go abose that figure except fer
a few days. although the reserve sank 20
about si3,1p0.1c1 on March 30 Twelve
months ago. however. specie was being
imported ct an average rate OF $l,OR.0V a
week. in connection with the syndicate
bond loan. The present statement indi-
Gates that Il would take but little to adj
vance the present money rate The baaNs
lost last week, according TO the statement,
sl.554. 400 in cash, and the outward flow OF
funds to the West. and in some cases TO
the South, continues. New York exchange
is still at a discount in the majority of the
important centers in the West, and the
calls from this section, especially TOT biils
CT snaller denominations. have been
marked. 4 puzzling factor in the local
II arket is the government funds held by
depository banks in connection with the
,.., al hat nm
IS having some effect on the call rate. and
its withdrawal may exert beneficial ef-
feet SOON The amount of loans placed
hero by foreign banking houses is said TO
be large, and these two causes are certain
~ responsible In part for the low rates on
call loans. The cali for money from he in
terror has been. on the whole. good thing
in more ways than one. since II has un-
doubtedly checked gold exports for the
time being As showing the changes when
have occurred since the bond award. 1t
may be noted that the surplus OF the banas
is now over 9.ee1 90 less than on February
last
Exports and Imports.
The exports OF specie from the port CT
New York for the week amounted to Sl4.-
600 in gold and sl.0l5.2A in silver. The I'M
ports were: Gold. si2.ss5; silver. ssS,7O5:
dry goods. s2sT7.5 So: general merchandise.
ss.55S. III.
Money and Exchange.
Money on call easy at 3l2 per cent: last
loan, az: closed. Sis prime mercantile "a
per 51l6. Sterling exchange steady, with
actual business in bankers bills at 81 SIN
"A 50 for demand. 81 sea.Ti.sI for sixty
days: posted rates. 81 s7lsfii IS and s'.ssi1
G4se; commercial bills, sass. Bar silver.
ssssc; Mexican dollars. 55Ssc-
BoaIs.
L. $. Is. new reg. 1854. o. X. & y. fsts..1ll
New coup .ll6a. & T. lists OF %. .l0i
Elves, reg .....ii2sa ~. * r. u Sid
Elves, coup -..1i2A fouts -: ..--- es,s
Fours, reg ....-les Erie SeconcS .te
Fours. coup ...u0lsG. IL 4 > A. IS ~
TWos, reg ..... % sevenS -. luz
Pacific Gs OF rs. .l0a II; * /. {. IS. ITO
Ala. Class A ....hS Skies 49,. 49,. le5
Glass d ......i0s NJ. X. T. LIST is. S5's
Class L -. isjia Second Is ..... 59is
Currency . ..lsl MUTUAL Union IS lis
La New Con. IS 50 y. ]. c. Gen. SIS llsla