The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-11-09

esina The aggregate sales were -,sce.s0
ehaYes-
The bond market during the week dis
rsayed bucyancy on heavy transactions.
Including al varieties Of mortgages. For
e4gu houses purchased hrxe blocks Of che
leading issues. The tota, GALES we're Na.-
.:aon
Government bonds were active on q re-
vsval Of Sfse investment demand. The new
e rose IA and other iSsues 1i.04 per cent.
The sales were tzS,oo
Silver certificates were pressed for sale
during the early part Of the week ard
yielded per cent. 10 s.1Sc. but rallied
later 20 Csc The dealings amounted 20
012 100.
wheat rot within ac OF the years nigh
est po4<t cnss morning, and then fen for
want OF support The bulls were much In
evidence. despite foreign selling and q
rather slim array OF helpful news They
relied on creating q wave Of huH excite
mens among the local traders. but the
temptation TO accept profits finally upset
their plans. after prices had been carried
up l.1c, TO ssssc for December. The break
came in the last quarter hour December
dropped sharply TO s65sc. and on the curb
to Sc Conservative traders refused to
buy on the advance. Most OF the buying
was by shorts and local traders. The
news consisted OF strong Liverpool and
Berlin cables light spring wheat receipts,
liberal weekly exports and strong Pacific
coast markets. Dealings IN futures dur
ing the morning footed up 4. 80 ono bushels
Today's statement OF the condition Of
the treasury shows: Available cash bal
ance, $50 lis. ss5: gold reserve. S1lS.s5s. 5S6
Condition Of the Banks.
The Financier says this week: "The
statement of the clearing house banks for
the week ending November Z. covering but
fiye business days. Is chiefly valuable as a
record OF the furry Immediately preced-
ing the election The statement Ia suppos-
ed TO include the business of the uesk on
~ up to Thursday. and az a holiday inter
vened II il very evident that tho recovery
which has taken place since the election
rs not shown In the totals. For instance
y IS known that several millions 81 snecie
nave been redeposited with hanks and
shat the gold Is now In the clearing house
sauts. although the statement shows only
slight expansion In specie. 1t does not
seem reasonable, either in the face of a
rapidly rising and active stock market.
such as marked last week. to look for a
shrfnkage in loans amounting TO 81. 90 700.
which the statement shows. The rapid
fall In call money. and the competition
between banks for commercial offerings
since Tuesday Is another evidence that
tue panks are not decreasing loans, and It
Is still a little early to look for voluntary
payments of obligations due banks. The
condition of the banks at the actual close
OF business Saturday was. of course. bet
ter than the statement indicated. and he
ginning with next week the expansion
which set In after November will be
fuiiy reflected The boarded gold now
pouring into the banks il bringing the
clearing house vault balances toward the
soooo.oOo mark. and there seems to be no
doubt that the banks win soon resume the
settlement OF balances In gold coin. The
banks. In fact, will probably show large
gains In gold from the treasury reserve.
since the specie will find its way into bank
vaults and thence into the treasury. Next
weeks statement ought to make q very
interesting showing in all items. as the
Clearing house institutions for the first
tme In months will probably be able to
maintain their reserves uniformly above
the p per cent. limit