The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-03-15
NEW YORK Markets


NEW YORK. March i7-Ths marks.
ceveAoped lively activity from the open
ing os trading today aae dealers ulads Tire
on Saturday. TIE activity extended
through all departments OF business The
bond markets showed notable strength
sne sdyanced Ia prices along WIZ ina.
leading place IN the dealings The higher
priced irdustrfais were also IN good re-
guest There seems 20 be eyidsnce or
bslf stocks which has caused rInors 20
circulate thar large holdings OF capital
are re-ertering the market giving prom
ise OF al irrp@tus TO 1hs activity IN trad
Ing.
The advance IN the early dealings also
carried Up sugar O fraction. though on
dealings much smaller than the average
for that stock. which again fsl 20 sixth
place In the market IN point Of activity.
The price touched ~ The tendency
throughout the day was distinctly ouilish,
closing being very firm and slight gains
being the general rule
The low rate OF interest on money indi-
Gates that there is much money lying IN
productive rather thar venture IN some
thing THAI Is not satisfactory 90 them.
The high prices which are being paid for
the best class OF securities gives rise to
return for invested property and the price
OF money has not been permanently
placed on reduced basis. The funding
OF the Lake SE1ro GSbS WITH sr9 per cent
bonds 10 run 100 years Is pointed 70 as
evidence that capitalists are convinced
that the rates for money are TO be per-
manen1ly lower.
Is the Increased demand for money for
the release OF imported goods held Ia
bond. TIE amount paid on Friday FOR du-
ties on goods Withdrawn from bond. about
Ssago, Is said TO bs the largest amount
ever paid in one day for that purpose.
This movement IL due 10 the known de-
sire OF the trainers OF the new tariff bill
10 devise some measures 10 prevent an
evasion OF the new duties by means Of
importing large stocks OF goods IN bond
IN anticipation OF the going into effect OF
the new tarin law. Il Is remembered that
there was a large falling OF in revenues
In the early period OF the Mckinley law
on account Of anflcipatory imports after
the law was framed. but before 10 went
into effect. There has been 8 fall In the
price OF silver during the week TO esas per
ounce. attributed 10 the action OF the
japanese parliament IN adopting the bill
Tor gold coinage at about the CONNER
The stock sales sor the week were 13s.-
SD shares.
The bond market during the week dis
played a firm undertone despite the ex-
IRENE dizziness which marked the dealings
at intervals. Investment purchases cou-
pied with the favorable outlook generally
were the sustaining factors which were
We're G.slsol1. Governments moved frac-
tionaily upward on moderate purchases
by local and out-of-town institutions The
sales were SIS 600
Money and Exchange
Money on call easy at iIsSf1x per cent /;
prime mercantile paper, 3l4 per cent
Sterling exchange steady with actual
business IN bankers bills at s4s7d4 ST..
for demand and s4Sik74Sz for 50 days.
Posted rates. SfB4 Sis and s. s8f74 ssik !:
commercial bills. siA.. Mexican dollars,
ssisc.
The Gold Reserve.
Toiay's statement Of the condition OF
the treasury shows: Available cash bal
ance. s2il, SIS: gold reserve. SIS. io7. 2ss
Exports and Imports.
The exports Of specie for the week
amounted 70 sfzs coo in gold and 81 ,c5s 7S3
I'm silver. The imports were: Gold. si4s :
-: silver. Sc. zoo; dry goods, sl257s, ss2:
general merchandise. 81, So. sos.
Weekly Bank Statement.
Decrease. Increase.
I.