The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-07-04

estimated a. E.ae shares a.a t-csuss
cz1ery 5. Paul. Lo.zssv1fis a yzsayfns
and AFrhiso1- The purchases were 81
most Wholly OF stocks aisle from q few
AEeAsson bon1s. arr are Tor sh- account
q a London pool The initial prices were
traction below the closing figures Of
YESTERDAY, ard n The z~ss fifteen ufn-
aiss q business further declines we're
s@s.Ta4ly sccred- The pressure against
the market then akated and 4 frrner toas
ceca-ne prevalent. substantial recoverles
oeing noted n many instances IRE trad
ing was Only o. a moderate scale. bat in
number OF cases rr5cxs s5vancei sub
seanssily above yesterdays sirsal figures.
n TIE last hour. however. realizing sales
caused reacsionary movement. Sugar
lost point The closing was heavy IN
tons, a. general fractional losses
Bonds were firm but higher. on light
volume OF business. The improvements
were mainly confined 20 the speculative
Issues. The sales were sss4 So
Weekly Bank Statement.
The weekly statement OF the associated
hanks shows:
Increase. Decrease.
Isoans ..-..... ..........n.3ano .s.~....
- .-ss..-- -.....---- ..----.. $500
D -. .FfaeTs ....----.-- 49,"
deposits ........ ....-... s.e122o ........
The banks now hold ssa.s s.s7s IN excess
OF the requirements.
The Fsnancser says this week Owing
20 Ehe fact hat Saturday will be n holi-
day. the statement OF the New York banks
Was made a. noon today The principal
Rem in rhs statement Was the increase
OF s.aTs.eco in cash and the expansion OF
8. aa.as0 in loans. The July settlements
have influenced the totals 20 a greater or
lesser extent. and tins increase OF S2eTs.-
30 IN deposits has probably resulted from
the shifting OF funds incident 10 this
period. The increase in loans was favor
able feature. bur IL reflected stock ex-
change transactions as much as anything
else. and The statement as a whole must
De interpreted as the result OF averages
made earlier in the week and not as an
exhibit OF the banks real condition on tie
DAY rhs statement was made public. IL
Is worthy OF remark that the banks sGf-
Tered decided loss in cash. as compared
with a gaia of over s.. ooo, 600 during the
previous week. and since the price of do
mest.c exchange az interior points has
shown decided failing OF rae latter fac
tor Is TO be taken as indicating partial
cessation % the movement which has Teen
going on since early this season and which
has added so largely 10 the amount II IDLE
cash in banks. Despite the fact that the
New York banks are not lending 50 much
money as al this time last year. they are
getting better rates for II, and they are
not paying interest on so much idle cash
as they were twelve months ago. The fall
Ing OF In gold exports appears 10 be the
result OF legitimate conditions. Europe
bought more American securities IN New
York last week than for months past.
Exports ana Imports.
The exports Of specie from the port of
New York for the week amounted to
81. 1855 In gold and ssss. 500 In silver. The
imports were: Gold ss9cs4 silver s.. al.
Dry goods sl.sss. 50. general merchandise
s.. So. 500.
Money ana Exchange.
Money on call. steady az e7-s per cent:
last loan. per cent; closed. It-ie per
cent; prime mercantile paper, 4d4H per
cent. Sterling exchange steady. with ec-
tual business in bankers bills at 81 sS4
ASA for demand and 81 s7l74. S7l4 for sixty
days; posted rates. s4.Sssl4 50: commercial
balls. 81 1854 "a. s6i5. Bar silver. sStac. Sill
Yer certificates. 6s&c.