The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-05-18
NEW YORK Markets


H.
kes was On . very mid scale. and the
changes IN prices as . raie were unsmpor-
taat The trading was exclusively PROBES
ssonat The contraction Of business. ASIDE
from the usual half holiday. was to an ex-
feat caused by uncertainty as 10 the iname-
date political Developments. both domestic
ard international. owing 10 the gold ex-
rscrt outlook American Sugar led the en-
tire list The general market was Irreg-
usar within . narrow range. and exhibited
. tendency toward q lower level London
prices were higher. AMI this helped the In
fernational shares TO . moderate extent.
but the foreign operations In this market
were insignificant The initial prices were
irregular. but the market soon ran on, In
sympathy with drive against Manhattan
and some pressure against Sugar. which
lost y ger cent on reported unsatisfactory
trade conditions. The later trading devei-
oped steaainesS The market closed drm.
with slight changes either way.
The speculation OF the week was fairly
Interesting. despite intervals Of extreme
duilnessL The most influential factors In
foreign and political considerations. and
the gold exports and their probable ef-
feet upon the money market The ship
ments OF gold this week Appropriated
$5.eao0s. OF the amount mentioned A.aSe.-
90 was to German and alleged special Rus
kian account. and S21.1o was sent to Can
ada The efforts Of the government to
check the outflow are not regarded as prac-
teal. and will not Be effective as long a.
q premium is paid fer the gold and tho
present monetary and international trade
conditions are unchanged. A call made by
the treasury upon the depository banks
for n. 100 900. or about ore-ha-f OF their
holdings of government money. payable
June ]. Is not expected to zppreciably tn
- ~
large accumulations of funds at this CEN
ter. the continued heavy receipts OF cur
rency from the interior, and the consider
able offerings OF foreign capital that would
be available in the event Of q moderate stiff
fleming In rates. This stagnation Of money
at this season OF the year is . significant
unfavorahle condition regarding general
trade and the stock exchange market Fa-
vorable influences were In evidence during
the week. and served TO qualify the bearish
sentiment that prevailed with the result Ct
giving some irreguiarity IN prices. Rail-
way bonds today were fairly active. with .
firm tone. In the week the bond market
displayed acute weakness at Intervals, In
sympathy with the depression in the stock
market
Governments were fairly active but ir-
regular.
Weekly Bank Statement.
The weekly statement Of the associated
banks shows:
Increase Decrease.
Reserve .--........ ..... N.sss.iSa
Loans ...-.....-. .......$ M,7oo .--.....
Legai tenders ....-..... 1.5sA1oo
specie $3.50 ...-......-... 6S5. 100
deposits -.-..... .....-. 2yT.S00 .....-..
NlFcGiaiton 0,U ........
The banks now hold &1s.577. SIS In excess
of the requirements.
Imrorts and Exporta.
The exports o; specie for the week
amounted to A.sls.i79 in gold and $780,
200 in silver. The imports were: Gold
$ss.eol. silver 81. SO. dry goods 81, ~, Sc,
general merchandise s.. al. Ss1.
Money and Exchange.
Money on cali. easy at 2ii per cent; last
loan ~. closed IA per cent: prime mer-
camille paper. 4aQss. per cent. Sterling
exchange steady. With actual business In
bankers bills at ~ ss.saLsss. for demand
and eAs7i1ef4s7a for sixty days; posted
rates. ASs1sG4sS and SAsSi.da9o. CONNER