The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-03-02


sr,zn gain in revenue. apart frSrs the -
salts on bo-d account Another favorable
factor was TIRE cpiuien that sufficient ius-
r-ove-nent wsil eccnr IN Our foreign trade
movement this spring 70 sspreczaosy lessen
.se ousow CT gold usually ines 5e1tal 10 that
Sxssaz. So1se stress was also AA1 up~r a
rsse N bullion. an upward movement was
started. Nhslch attained considerable pro-
g,o~fscns N the Tznderoslts. prominent IN
eernztsonal stocks ard some q TIE Indus
trails Commission houses bought Gher-
alsv. and ire distribution OF trade was un-
usually good. Owing - q series OF impo--
tart disturbing Developments. the favcr-
able influences were overcast and prices
began a downward trend. which toward the
esad OF thu week gained such force IA GER
tain securities as 10 arouse considerable
apprehension regarGing the possible SYM
pathetic effect upon general speculation.
TIE annual report OF the United States
Leather Company brought a storm Of he's
tile comment. and its publication preciFs-
sassc a Hood OF selling orders. Apprehen-
SION as to the possible effect q Tire prAc-
tically unanimous vote IN the United States
senate in favor Of the recognition OF Cuban
belligereney ard Independence provoked
wholesale liquidation. and persistent ard
effective crusades by the bears. One leading
commission house was credited with sales
Friday ana SATURDAY OF between 50 900 and
scored in sugar, the Changers. Leather
preferred and a few other shares The
breaks in Baltimore & Ohio and Leather
preferred were sensational. The brSt-
named fell 20 -. as against IS last weeks
nnal sales. sold TO 80. and eventually re-
ces1ed 70 and closed al III. Leather signa7ed
10 $751;. as against -. the top price OF the
week. The total sales were 1s7s,f5s shares.
The railway bond market today was ar
fscteSi BY the depression in stocks. with
the more important business in the spec
ulatiye issues The volume OF business
was above the usual aggregate. and u as
well distributed The dealings amounted
to 81. esaooa Among the leading net de-
cliues were Northern Pacific censol IS, :
per cent; 90 trust receipts. "a: Texas &
Pacific firsts and Go seconds. Ia. and
Atchison adjustment IS. !.
Governments were slightly easier In
tone and sales were made OF Siei.soo. The
railway bond market fer the week respond
Ell to the course OF stock prices, and de-
cided movements were noted in some In
stances, particularly IN Baltimore & Ohio
issues. The Northern Pacifics were also
conspicuous in the dealings, and advanced
materially. on expectations OF active steps
in the near future looking 10 the rehaoiiita-
ton OF the property. The aggregate sales
were So, So, ooo. The inai figures show con-
eessions as a rule. with declines In the
speculative issues extending 10 per cent.
in Kansas & Texas seconds.
Governments for the week were less ac-
tive Fractional concessions occurred, on
dealings OF ss40soo Slight advances were
noted on state issues. on transactions OF
s., 600.
Weekly Bank Statement.
The weekly statement OF the associated
banks shows:
Increase Decrease.
Loans. -. 49,. 1899. s4.7e6.loo ..........
Specie. .-...- ..,..-.... S.elssN
Legal tenders .......... tlS1u1
Deposits ....... -.....-... l-Vaeo
Circulation... @Ss-U .-......-.
The banks now hold s24 427, $50 in excess
OF the requirements Of the - per cent.
rule.
The New York Financier says this week:
The bank statement for the current week
is important mainly In demonstrating the
fact that. although the greater portion OF
the money needed for the 500 0oo.o9o bond
subscription has been paid over. the clear
house banks still holds So, 600 600 of excess
reserve. Since February the banks have
lost in cash SIS. SO. 200. and their excess re-
serve has fallen IN round numbers about
SIS. 600 90. In view of tina fact that at least
50 per cent. of the new loan has been
financed through New York city. this
makes a most creditabie showing. OF
last week something like Sc. ooo. 90 OF gov
eminent deposits. a part OF which has
since been covered into the treasury, but
with a surplus reserve Of about go
IL does not seem that tight money mar
ket is in sight. The fact that the banks
are again extending their loans after the
sharp contraction can be seen ia the in
crease OF SIS, 600. 900 In the last three weeks.
Several of tho larger banks have OF late
withdrawn large amount OF their cir
culation, but the current statement shows
an expansion of SIX. 200. and this is belng
repeated, not alone In New York, but all
over the country.
Exports and Imports.
The exports of specie from the port OF
New York for the week amounted 10 $751;
700 in gold and s.. s3s, 90 in silver. The Inn
ports were: Gold. s7s2. al; silver. 81. Glib.
dry goods. s3.s35. eos; general merchandise.
$s.6i5.ss6.
Money and Exchange.
Money on call. easy at per cent; last
loan 3, closed per cent: prime mercantile
paper. $780, Sterling exchange firm.
with actual business In bankers bills at
s4.s7xQ4ss for demand and si.ssl7ai4s6A
for sixty days: posted rates. 81. Sta 1A.s7s4
and s4.sS4 "a 50; commercial bills, Sass.
Bar silver. csc. Mexican dollars. SAC
Bonss.
Us 81
New Is, coup. .lle9. G. +. lists Of &c.. Iof
Elves, reg lib D. g. r. g. Ia. .I1gh
Elves. coup lib Fours 49,. -. ~
Fours, reg -. 1851 Erie Seconds 80. Is
Fours. coup lilo @ n. A ;. A. 6s.i02
Twes. reg -. - Sevens -. ....10o
Pacific SIS of IS. .192 II. & I. c. ss....Iio
Ala, Class A....10S Skies -, ..s.-.1os
Glass B...f0s NJ. X. 7. LIST Is. ssia
Class C.........l90 Second ss....-.. tgis
Currency ....s.lo0 Nh. Union Is. Ills
La. New Con. Is esA N.J.Cen- Gen. isis
Missouri ss......Io0 Nor. Pac. 1sts...1i7
No. Car. ss.......122 Seconds -. Ink
Fours -. 49,. .l0Sia y. p. sds......... 80
s. c. Non-Fund. u Northwest Con. .lS9is
Tenn New Set S. &c $. II. Deb IS. .ii01s
New Set 5s.1JI r. c. W. lists. rs
New set SIS. ss5s St Paul Con. ISIS
Old es......... 80 C X p. " S ii9A
va. Centuries -. siik 5i.L&LN Gen s. -
Deferred -. .. sAsL&S EGsn 6siW
Atchison Is -. y Ter. Pac. lists. s7it
Second A.. 2s1s Seconds ........ III
Canada So Eds. .los7s q. +. lists OF IS. .l0@i4
South. r. r. IS. s2i3 West Shore &s. 1854
L. & y. 4s....... 1si4
stock statio1s.