The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-04-04

OF NsNIS excess reserve. hus IL il evil
dent that the gold imported 10 date does
nos snow In the totals Since the present
:: s NM v 1esan s. g, has been received
,he specie increases as reported by the
na1ks since the first receipts ara less than
s1.en This. i, should ne stated. IL ex-
elusive Of domestic receipts The opera
slons OF the week were not widely different
rom what had been anticipated. Loans
snew a further shr;nkage of $aSi7.sa. due
circles and the sale % sterling exchange
coiiateral. while deposits decreased S. 4i3
80 The shrlnkage in deposits probably
sepsessnts in part Withdrawals by interior
banks. since the movement Of currency Is
once more against this center but the loss
or A.-A. 80 in legal tenders appears 20 be
try hanks
The decrease of s.. us 700 in deposits low
cred the reserve requirements SNS. is aud
snis added to the gain In cash. makes the
exnension N excess reserve as reported
aoovS- The banks are on a very solid
ie2ting- Their business has heen narrowed
10 close limits and the cash reserves have
increased in proportion.
counting the geld TOW in shipment. ari
me large amounts which can be obtained
without trouble. they are prepared TO meet
pend apon this weeks develor.nents in
congress. but IL Is assuring TO know that
the chances Of a squeeze in rates have been
minlmized 20 large extent by the appro-
priations already made. Another rapid ad-
vance is bound TO bring additional and
heavier gold imnorts. and "a the interior
banks have taken at least Ssoaa.6o from
New York institutions. their reserves
should be heavier than ever. II Is inter
s.sting to note that the lawful reserves OF
me national hanks according to the state
ments 70 the comptroller on February Is.
were $40 ea.Ne heavier than on December
- and that the percentage Of reserve Of
the country banks was no less than - n
per cent. The average cash reserve OF the
entire national system was ss.2 rer cent.
hut this has increased in the last six
weeks. The hanks. In brief. are unusually
well sunpiied with money.
Estimates and opinions vary widely as
TO how far the importS os gold which now
amount 20 over $40 aAs coo from Europe.
have been drawn against current grain and
mulated exchange agains; EurGpe still re-
mains IN New York as collateraf for
loans That there Is ss:ll liberal supply
of EXCHANGE to he 'iruidsted Is generally
believed, Large banking ana financial in
terests IN Wall street are believed to be in
substantial accord regarding the course
to be pursued 10 insure the greatest safety
and stability in the event of the shock OF
war.
Bonds lave moved In sympathy With
other stocks. but have not eeen very ac-
coernrnent bonds have weakened in the
aver part of the week buf they show net
TO % Is, the new Is counon. . in the new
IS regular. | In the old AS coupon and y
In the IS and Us.
General Quotations.
Flour-Receipss % a2I barrels: exports.
la.ls5 barrels. Market quiet. Minnesota
patent. S5.lod5i9: winter straights. A5ofp
As
wheat-Recsints. lsl So bushels: EXPORTS.
-. a37 bushels. SPOT firm. No. 2 red. N,ois.
o. h.. af'oat. Cations orened strong on
higher cables and drop In consols: adj
vanced further on active covering ny
shorts The close was firm a; IGi7sr net
advance No. 2 red. Nav c.osei AZ $l.o5sS.
Wool-Qniet: fleece. 17Ge2c. Texas lg1
lac.
Hops-ouiet Pacific coast. 1897. 17Glsc
Pe'rnieum--Dull.
Ccffee--0ptions closed steady Near
months q points higher and later months
10 Is points hipher Sales 10 20 bags. In
Guiding Nav. 64zei55or. srot Pso strong:
No. invoice s%c, No. iobbing Gao:
MID firm. held higher: Cortiova st30l.c
Sugar-Raw quiet: fair refining. 3&c:
centrifugal os test. csc; refined. strong;
cut loaf. 11-l6
Metals.
Pig Iron Warrants-$fo. 056if2:
Lake copper-Quiet; brokers' 1l7s
Tin-Quiet
I.ead-Quiet exchange: $3.50.