The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-04-05
NEW YORK MARKETS.
The stock Exchange.

New York. April THE resumption OF
business upon the stock exchange after
the holiday was characterized by q fairly
active and advancing market. The foreign
exchanges were closed on account Of the
Easter holidays. and local dealers had
the speculation enti, ely TO themselves.
The distribution of business was indifferent
out slight gains were scored IN many in
stances. The Industrials attracted tho
most attention. with Tobacco especially
noteworthy for activity and erratic fluctu-
ations. A slight gain In the stock was
noted at the start, but under very heavy
offerings from the traders the prices de-
clined 2 per cent, 10 IS. with a rally TO
1855 following, but the stock left on al
loss of = per cent. Sugar gained point
on pool buying. The improved outlook in
the iron and steel trade was reflected in q
gain of per cent. In Tennessee Coal, and
under similar influences Colorado Fuel
rose per cent. The movement in the
Changers and other leading shares was
confined to fractions. with the gains gen.
eral. The closing was strong, and at the
best figures of the day.
Although the volume Of business in
stocks has been comparatively light. partly
owing to the practical double holiday at
the close. the speculation has not lacked
developments of the most sensational or
der, recalling to considerable extent the
turpitude of the wreckers of old. We re-
fer to the extraordinary performance OF
the managers Of the American Tobacco Co.
In contrasting within short three months
the passage Of the regular quarterly divi-
dend on the common stock and the declar-
alton at a recent date of a disbursement
on the common stock at per cent. in
cash and % per cent. In scrip. When the
dividend was passed the step was consld-
cred TO warrant an investigation by the
governing committee Of the New York
stock exchange, and 1t is more than proba-
bic that the recent totally unexpected lib
crafty OF the directors will call for rig
orous investigation by the same body as
to the strategy employed For long time
past the manipulation of the street has
been MIXED right and left alternately.
The general market movement was irreSu-
lar. but firm undertone prevailed, and
stocks were purchased with more conf
dence than FOR some time past. although
the dealings were strictly professional in
character. The Changers were in brisk
demand.
Bonds were relatively active for half
holiday. with the Northern Pacific issues
the features. at sharp gains on the an
nouncement of the declaration that the plan
of reorganization was operative, The gen.
eral market ruled strong and higher.
sales OF 8. 3s5. 900. The market during the
week was streng thened by favorable in1u-
ences given to the share speculations, and
the dealings were on n fairly large scale.
The gains range up to per cent. in the
speculative liens. the last In Chicago
Northern Pacific first trust receipts.
Governments advanced slightly, on
transactions OF s25l.5o
Weekly Bank Statement.
The weekly statement Of the associated
banks shows:
Increase. Decrease.
Reserve 80. .......-.- ......-- S.,gE ~
Legal tender ..........- -....-.. l..a lo
loans ss''s -. .. ', ,2S 5Sa -.
Specie -. ....-....-. $500 .....-...
Ci-ruiatiu f>aff ..-...--.
The hanks now hold 81. .5. SIS in excess
OF the requirement.
The New York Financier says: The
statement Of the clearing house banks OF
New York city for the week ending April
is unimportant in its general features.
the operations Of the week being shown
In he decrease In the reserve. leaving the
excess cash In banks at sl70a5.ai5 as
against SS for the same week last
year The excess reserve touched its low
est point. sl3 81. $50 on March %. 1876. and
from tina; time began 10 increase. stand
ing four weeks later at $3.50 $50. But
during that time the imports OF gold were
in excess ~ exports. and the movement
from Europe during the month Of May
amounted 10 s3.3S.s6e The Interior move
inert a; the same time was heavy the
reserve II the New York banks standing
on Nav =. is'5, a. si0oF .ifo. This showing
IS interesting. in view Of the present situa-
tior. when the total reserve OF the banks
IS decreasing ard resumption OF god *
ports IS announced 70 begin next Sunday
Sv one q The committee. The GOV errrnen-
also has large sum % money deposited
VITA des.gr ated banks. and a cal for =
portion Of this may D. made a any time
The movement from the interior has not
=. 80 ~.
or the New York banks are already down
to the required HIATT. and the outlook.
DESPITE tire comparisons with sast yeat.
does not seem 10 favor eas.e rates a. rrNS-
ent The explanation q This hes n the facc
tAat HE conditions are normal. and tho
boxing W o. great deaf Of money by
thc bond transactions has courteracte1
fae ifaat,cn from which the coualry has
been suffering since lS'4.
-ttf~
| ; Is. rex reg .lls-s o K 4 y Isis ia
Fours. coup .-.l-sA. zen. Fac ls-s Il f.o
owes re- ---- ~. - q L. @. IS .Iis.
Fours reg .....l8sas Erie Is -.
ours. coas ---l4'iz . n Il : 4. Is ia,
Taclac IS % l,5l. p 4 r ~ ~
Ala. Class Al, S.xes it,,,.
Class E.. 9, u X T. Isl as is,.- -.
Class c. s Send = -. o.
- New Con IS s, y J. {. Gen. ss.ii7
\. Carol!aA ss.llss secau.s ......-:ii5.
{ Noa-Fuai s.N-- H''Ss "a, ~. -
Tenn Nh Sc, y IS r a.a = NJ
S Se~ :. - SIS {, = : 6 5,. W
Va Centuries q T. &p II : -
Ai lfig err !. ..-- - - / : y 9 : =,
Cara1s -. SIS. 1ea = Ss-s--is "a
= x = ss.----. - T. SIS %. - -