The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-12-23

being ihsa ! iasssr buyins espsciS e1iss nov thaa
favorable coodltion tso ssists q ises q he fse
that weathf condition. hAvs MOI altcseth9 favored
.s.ss 81 g vI ne: ss sa has "a s:sn
for. though comparisons with one ysas 80 arc
whole WSoisssis tfsds At this season ususiiy skows .
suietins tendency. but It Il Questionable whsthss
this tendency d - marked this ysar q n former
y. and perhaps siso to the sentimental effect grow
ing out Of stringent money condition. IN speculae
tive lines. may BE- charged some Of the ouietnsss
Just how much inauslIss upon current bank clear
ings has been exercised BY money masket develop
ments on January 1. estimated TO aggregate Soo oW
900. have had upon bank cleaTinss y would %
Pc q SsnssS have shown exceptional strength
the great majority Of staple Quotations Mmainins
UNCHANGED ss result q the weeks cperston, ,. a
coffee and. Lead which are higher. while coppsr:
cotton and tin. are lower War new. snd usns
n ooton Os .ss below x. opening in
movement u cotton has failed TO expand, ana
there evidences that foreign buyers covered nea'
wheat including -four, shipment. for the week
aggregate 2sl5,7l bushels. against 3nse so busnes
week q isss sj77sss bushels in 1851 and s.iii''s
bushels in 1866
.rsessts sp ico bushels against lis oss bush
eis last year and l23 bo6.7so bushels in lsH-@.
Business failures fewer than ordinary A. M
somo few heavy emBsnsssments and The l.biiit!s;
viii swell the months total considerable Inc sossi
p p.1s rsh III s:s asss ~ in this week
sso and 10 in 1877.
Canadian failures for The wssf number =. =
compared with q last VICE. ~ IN IN" WeeA w.
ago and 80 in 1877.
Bradstreet's Financial Review
Bradstreet's financial review tomorrow WIN ssy;
Wall strict At n: emo & ''is had run
its course. and that unfayorable money ms.s ~
conditions hero and abroad had exhausted their e.
Turned I ~ 0 ssaos q disturbing events:
A severe British reverse in south Africa. which
The . IdG Hs~ Y sgs 70 e
more probable. was the nrst q the sesies. Ln KY
followed by Developments indicsuns tnas . ~
have further consequence. Finally New Ycsk
institution--ths Produce Exchange Trust Company
NOR, va. "I sctsy closed on Monday In the
sitivc and nervous condition Of speculation ana 9
the money market the last DEVELOPMENT "a ;s ~
dstion In fact. At times on last Monday the com
binstion q extreme rates for money and Of me
stocks and brokers selling out their customers, ac-
counts regardless Of intrinsic values. produced an
Situations called loans rather ndscmin.sy and
ton te reject Industrial collateral Win vsy little
quickly rose to 50 and 100 psr cent, and dnaliy e
high a. lSs per cent. Tho proposition Of the SEQ
inc tho government deposits IN the b.nn did not
find at hrst any favor with the street. which had
dem for large amount Of bonds The excitement.
in fact. was not alayed until group Of leading
New York banks made combination and loaned
tion promptly reducing the current rate 70 per
cent
ket had become fairly demcrAlixed and active stocks
had declined from To- ID points. and seemed likely
to 60 sim lover confidence was f MT and .p Price e
leooo 900 shares would indicate the activity and
excitement which remained. while the fact that in
ed is significant as TO the severity Of the break.
Only ono failure occurred on tho stock exchange.
spring up at such times had been siftcd down and
no immediate danger could be detected London
had also partially regeined it, courage. and on
this side the associated banks Of the metropolis
took steps TO check any needless decentralization
Their most important steps were to form combina-
the increase Of deposits Of internal revenue re-
ceipts in the national banks It Is stated that on
in this way. while the high rstss for money r At
New York apparently attracted money from the
interior. There was consequently general rather
irregular continuance Of this movement was claimed
by break q Ii points in the price Of Brooklyn
more gold for export. the MARKET altogether neg
lectins such an important DEVELOPMENT as the in
t Ss soe q ane new n.1 fos % dydpd putting
spite Of the comparative ease Of money, the market
was heavy and ut times decidedly weak Thoueh
the Bank OF England made change In it's fa-
rres. the London open market figures for discount
were up to q per cent, and all the indications
were that the strain which the January paymeuts
put on the foreign financial center wo1id Be Of q
serious not dangerous character which could hard
ly fail to have its reflection here
Bank Clearimgs.
The following table. compiled BY Bndstreet shown
the bank clearngs at all principal cities for the week
ended December e. with the percentage OF incrrssc
week last year:
Inc. Dec