The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-03-01

ing reports and assumptions regarding tho
outlook Of the Baltimore & Ohio resulted
in an outpouring or stock under pressing
prices. There was renewed pressure against
tho market in the final hour. and nearly
all of the early Improvement was lost. Spec
ulation left of active and weak in tone, az
net general losses Of fractional extent
Speculative conditions at the opening and
the close of the week were in marked con-
trast, illustrating the proverbial uncertainty
attending operations in Wall street. y de-
cidedly bull;sh tone prevailed at the outset.
based upon liberal purchases OF our secur.-
ties for foreign account. The cheerful
sentiment was frightened by the large in
crease in the treasury gold reserve. bring
ing the figures up 70 sl23, 81. 37s Confidence
was also derived from the easier tendency
OF the money and commercial paper mar
kets, the good showing OF railroad earn
lngs and from predictions that the treas
ury operations for February would show
small gain in revenue. apart from the re-
suits on bond account Another favorable
factor was the opinion that sufficient I'M
provement will occur in our foreign trade
movement this spring 10 appreciably lessen
the outow OF gold usually incidental to that
season. Some stress was also laid upon a
rise in bullion An upward movement was
started, which attained considerable pro-
portions IN the yanderbilts. prominent in
ternational stocks and some of taa Indus
trials Commission houses bought Hber-
ally, and the distribution OF trade was UNI
usually good. Owing TO series or fnpor-
tant disturbing developments, the favor
able Influences were overcast and prices
began a downward trend. which toward the
end OF the week gained such force in GER
tain securities as TO arouse considerable
apprehension regarding the possible SYM
pathetic effect upon general speculation
The annual report OF the United states
Leather Company brought storm of hos
tile comment. and its publication precipi-
lated a food OF selling orders. Apprehen-
sion as TO the possible effect OF the prac-
tically unanimous vote in the United States
senate In favor Of the recognition or Cuban
bellicerency and independence provoked
wholesale liquidation. and persistent ana
effective crusades by the bears. one leading
commission house was credited with sales
Friday and Saturday OF between $1,000 and
rs. 900 shares. The severest losses were
scored in Sugar. the Changers. Leather
preferred and few other shares me
breaks In Baltimore & Ohio and Leather
preferred were sensational The hFst-
named fell TO g. as against 50 last weeks
fnaI sales sold 10 30. and eventually re-
coded 10 and closed at 22i.. Leather slumped
10 ssi.. as against IS, the top price OF the
week The total sales were i,sl6.lII SHARES
THE railway bond market TO-DAY was al
fected by the depression in STOCKS WIKI
the more important business in the spec
uIatiye issues The volume OF business
was above the usual aggregate, ana Was
well distributed. The dealings amounted
10 8. 0s0.0ca Among the leading net de-
clines were Northern Pacific consol Is,
per cent; do trust receipts. IN; Texas q
Pacific firsts and do seconds, Ia ana
Atchlson adjustment A., j.
Governments were slightly easier in
tone and sales were made or SlDisoo. Inc
railway bond market for the week RESPOND
ed 20 the course OF stock prices anu ee-
cided movements were noted in some IN
stances. particularly in Baltimore * ONO
issues The Northern Pacifics were also
.onspIcucus in the dealings. and advanced
materially. on expectations OF active steps
in the near future looking TO the rebapiit@-
ton Of the property. The aggregate safes
we're s.. 9ss. go. The final figures show con-
eessions as a rule. with declines in the
speculative issues extending 10 per cent
In Kansas 4 Texas seconds.
Governments for the week were less ac-
tive Fractional concessions occurred. on
dealings OF sa40. so. Slight advances were
noted on state issues. on transactions OF
s.. coe
Weekly Bank Statement.
The weekly statement OF the associated
banks shows:
Ras.rv, -. .......... a.2ol.soo
Loans. s--.a. stf-e'A@ 's+.--....
specie. 800. -. ...-....-. s.eiSso
Legal tenders .s's+-''.- eAe'tS
Deposits 5000. 49,. 49,. A-S'f1
s,gr,T,Tation =. q, go ..........
THE hanks now hold 81 ~. 10 in excess
az the requirements OF the p per cent
rule
The New York Financisr says this week;
The bank statement for the current week
is important mainly in demonstrating the
fact that, although the greater portion o.
ths money needed for the Sleo 90 90 boEd
sgbserspfgoa has been paid over. the clear
aogse banks still holds 81 90 co.. Of excess
reserve. Since February ? the banks have
lost in cash Sc. $50 90. and their excess re-
serve has fallen in round numbers about
Fls n0a gJa In view OF the fact that al iesst
& uar cent. OF TIE new loan has been
ananced through New York city, this
makes q most cre6itaoie showing. ct
course the depository banks hela W 70
last week something Ike IS eo.so or gov
eminent deposits. part OF Wnleh Ias
since b-su covered into the treasury, but
wfth 2 surplus reserve % about 81 ooa.s@o
u does not seem that a tight money mar
ket is IN sight. The fact that the banks
are again extending their loans after tns
sharp contraction can be seen IN the IL
~resSe OF SIS Gssa go Ia the last three weeks.
several OF the larger banks have % iats
R8shd7zxn q large amount OF thssF CIR
,t8sasl0n, bat the current statement SHOWS
IN expansion CT 81. 20. and this Is being
epeated. not alone in NeE YORK. Dot al
over the country.
Exports and Imports
The exports OF specie from the port o.
New York for the week amounted % S,si.-
e-a~F xsf eftz