The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-08-09
xEw York MARKETS.


Hass
Ioz an Indefinite pssfad. All the fzterr.ps -.
factors tsaas nave beer fn sorrs sts1rssss - -
Wa c0nsinaed 70 exercise an Irsggsre..s
att tHsEe were 4ftle1 to these s0xsrsl ~,
h1enees mat carried the ma rsg.f ,tf, ,yssE
surge 20 higher level ali arsssv.4 .-ss
praneipal OF these was the fgEny1 III xan-
natss.a Elevated stock. wkish oyser.et1 wlft.
running sales Of sg sfsarfs ~ 1sessa r., IA
az against sS@ al last nights ssIs-a A.
shoSt I'M iIassiiaseiS the price rose 10 Us anf
reacted quite vioientty bssf sseafss5 = go.
AMI Closed at Ats- q net gzsu 90 *. ysr~S.
ABLY sfe large existing short .rfsrasf -,
tbs stock was responssbss for this rnove
tar Traction Compa ny had rg.aAe - -
10 purchase tho Elevated skntssrr whsrs
oNsr Was ar5ser Favorable c3ysxffa-a sls,r,
orders for the shorts rrhe ga yss,, - -.
stocks resulted ia the shorts u1rlck;v hlss
oinss up tee price on Themselves. Another
very significant feature ares tnn fact thaf
London changed trent and turned hsysrs- -
Americans. Prices for these z.es,v4,ses
VET. higher liz London at the opening ard
arniffase houses bought stocks for TsgsssiSr
account even after prices her had 800.
above the London parity, sosrs~ az ysa
st9 ,s which Lension has mos, persstently
, sSiA OF La,s we're the fasorites for par-
ch.sse notably 81. Paul.
Another factor WAS the further yesFtie-
H., in ~ e ~ posted rates for long ster-
TIE re ,l p1ahesas the price down 70 1855.
tN1tY ana showed sharp gains 10 new rec
orr prices = a period OF several years
hen.
week has reflected the eonfdence 81 s~ari-
tai that pnosperous times for this country
nave eet IN. The Developments III the per-
eraI situation have justified the fatfh
which began 20 manifest itself tn the fnr,s.
OF speculation three months ago and the
strength OF iodays market reflects the b.
There were about 2 s.. 900 shares OF stock
sod on The local stock exchange during
The week The par value of the bonds
marketed was siss 90 These enormous
iFMNEHPfsGr- FsA m -
rising market and al level Of prices mat
nas not been reached before IN years Yet
si IRE falti 2, The , outside public u sian
tihued Inabated. as witnessed by the con-
sfantiy Increasing volume Of commission
The lnslns,rials wess very heavily deal,
In all week.
Transactions in railroad and miscellane-
Gus secufitiss We're In considerable volume
az improved prices. which rejected con-
ndence in the general situation.
Weekly bank Statement.
Increase. Decrease
Loans ...... ........... $4,000 $3.50.
Erie -. -.....,. sSaeo ....:......
fseku teH1sss .-......- ...-....s. 90
Deposits $50. 3.ls7po 49,.
The FInanc.er saws. The ..a,.er. -. -
the New York banks for the week ending
August Is favorable in every feature ayfd
fndleafiye OF the better business conditions
WhssA iASs ftss not pf.tS ~ tNfS center. Dur
over the country generally. The Idle cash
was reduced about s. co 900 and the sur
Plus reserve, which stiIi Is in excess OF
en, 900. is lower than at any time since
the third week In January THE loss Ia
cash for the current week was due 10 the
Withdrawals Of legal tenders for gold ax-
pert not reflected in the previous state
mens The SO. Coo coo loan negotiated fewr
DAYS ago also occasioned some shifting OF
funds. II IS important TO note that the
banks are not gaining heavily from tho
interior movement and the decline sn do
mestfc exchange rates still continues.
With New York funds at discount the
probability Of continued shipments become
less. The expansion of 81 56s 30 In loans
q 3 reported IN the statement Is favorable
feature. IL would be- Idle 10 attribute all
the increase to mercantile demands. bat
no less than thirty-sour banks doing III
versified business show gains. Three OF
the larger firms alone report an increase
OF $3.50 600
Money and Exchange.
Money on call. easy az ig2ii4 per cent:
prime mercantile paper, 3i@ef4 per cent.
Sterling exchange. weak. With actual bust
ness IN hankerI bills at 81 SCI. "a ST., for
demand and s4ss%s*Y4>5 for sixty days.
Posted rates. 81 s5t&&saN and Sass: COM
mercial bills 81 Ssi2 bar silver. 5sasc; Mex
lean dollars. 42i.c.