The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-03-30
The stock Exchange.

New York. March 2s-The local stock
market today moved more Independently
OF English influence than for some time
past. the roundup OF short contracts by
the bears being the principal motive for
the dealings Sugar rose M. but lost the
fraction eventually. In Railroad shares
fractional gains were distributed, with
Union Pacific displaying ripple OF ac.iv-
ity. The market closed fairly active, with
prizes at about the highest. The stock
movement for the week has been of pro-
fessionai day-to-day character. with
prices Sravitating toward a lower level. A
noteworthy fact. however. Is the indispos!.
ton Of holders OF leading snares to part
with them. The speculation has been
shaped chiefly by two factors Of special
Importance. neither OF which. however. are
entirely new. The rapidly changing politi-
cal situations In Europe and the interest
in the Cuban deliberations at Washington
City have caused a steady driboie Of for
eign-held American securities on this mar
ket. The character OF some securities thus
forwarded would appear TO indicate that
the foreigners have been pretty we'll baled
out.
Aside from the political unrest there has
been continued apprehension of o revival
Of exports OF gold TO Europe. In view OF
the unprecedented large treasury holdings
Of gold II would appear that a fair amour.
consequences The real rnfavorable infiu-
ence OF n renewed outflow would be upon
sentiment and. contrary to the popular
impression, Il Is sentiment rather than
reason that frequently actuates Wall
street AS Is well known. the treasury de-
partment intends 70 use all legitimate
means in safeguarding It's gold reserve.
and IN consequence OF the advance II ste--
Ing rates TO within &c OF the shipping
point. a second call o. about % per cent
Of their holdings of government gold Is
expected 70 be made on the depository
banks In tho near future. and probably
within DAY or two. The treasury Is IN
eerstood to have also under consideration
3 further afva nee OF IFS per cent in the
premium on gold aars, following up the
advance OF lis ordered this week. The
potat Il overlooked that the treasury viii
have to disburse OF April about $500
90 IN interest or the old I per cent man.
The distribution of this amount VIII IN
6oua;edly cause Increased ease in the
money market and n ne end tend 20 s;if
zen exchange and thus defeat the plans
O, the administration. The logical wsy
out 81 the difficulty s. 10 take frorn the
depository banks with one hand while with
the other the treasury meets its Interest
Obligations Jncondrnsd r1niors AZ the
close q business were that two leading
exchange houses twers figuring upon ship
merits OF gold ~ the sariy steamer this
week. aEgreEatirg S2.soo.o09.
The general speculation lacked impor-
;anf features The in9rstr.als chiefly oc-
cVplea professional dealers. The develop
rusa;= affecting tire railroad ist we're Of
a routine character. Railroad earnings
were IN the main satisfactory. The most
important ret change far the week IS
ret gain % A. per cent. n Tobacco. Tho
aRsFsgate sales were SIS shares To-
DAYS bond market was dan and firm. bu.
otherwise festuresess Sales were sts7 &c.
On the week the market was irregular,
wsth a. easy teadsncy. The net c5nces-
ssca- IN the speculative issues were light
hut there were so-se material declines n
some active mortgages
Governments we're easter tossy. o. sales
% SIS ~ The weeks market was firm,
or dealings OF $S2. 90.
Weekly Rank Statement.
Tie weekly statement Of the assoc..t.6
banks shows.