The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1892-02-09
me GIGANTIC COAL DEAF.

NV YORK, Feb S-The rumors of a gigantic
deal between the coal producing companies con-
tuue In currency, and the traders On the Stock
. Exchange all believe in the report that an
agreement had been made by the companies
with an immense syndicate, which agrees to
handle the egtire output and pay the owners of
oil coal lan3ss5 per cent per ton royalty on all
coal taken by them, the provisions being
made that the syndicate shall have exclusive
rights, and that the royalties shall amount in
the aggregate to slo,0O0,0o0 per year. There is
little doubt that this or some other deal will be
agreed TO, and it is certain that those on the in
aide have been buying the stocks of all the coal
companies for some time, and are now in posi-
ton to direct the officers of the various coal
companies to act in accordance with their plans
1t is understood that a syndicate is reported to
have been formed, which will establish joint
agency for the sale of coal at all large distribut
ing points, and that the present sales system
will be abolished. Trading in coal stocks in the
stock exchange continued enormous. In Lacka-
wanna the price advanced So per cent. and Il
per cent. was paid for the use OF the stock for a
day loan. The crowd trading in Reading is the
largest OF anything else on the list, aud in the
int hour the p1Tce advanced per cent. While
heavy buying was in progress, it was reported
that large bear trader had been cornered
NEW YORK STOCK EXCHANGE.
Coal stocks were the great feature of the mar
ket today and the unprecedented activity in
Reading resulted in transactions of that stock
which were the largest ever known on the ex-
change. There was an improvement in values
Of shares in early trading, but after prices be-
came more settled there were fluctuations in
downward direction The strength of the coal
ers did not extend TO the remainder OF the list
In any appreciable degree, and Union Pacific
was hammered down over per cent. in the be-
ginning. A reaction set in later and losses were
recovered The close was strong near the high
est figures. Lackawanna is up 90; Reading,s4;
Jersey Central, 81; Erie, rs.
10 the bond market Reading furnished the
larger share Of transactions, leading frsts con-
tributing s5s7,Ooo; seconds, ss95,Oo0; thirds,
N,2r,o01
Government bonds-Firm
Petroleum-50
Money on call-Easy: closed, offered H.
Prime mercantile paper, 3i4M5i2. Sterling ex-
change-Flrm; sixty-da bills, SISis4; demand,
HsI Bar silver. 909sc.
MERCHANDISE.
Hops-Easy and quiet
Cohee-Options closed barely steadv 10 points
Gown TO up. sales were II 900 bags including:
February, sa30: March, Sl300ciS 10; April,
si,9; May, si26o9l2lo. Spot Rio-Firm; No.
sugar-Raw-Quiet and firm. Sales on satur-
gay OF i5,s0o bags centrifugas, 96 test, B 7-l6c
=; cargo. do, 10 Philadelphia, at 3 7-l6c,
VI r. Rehned-Quiet and steady.
Copper-Weak; Lake, Sia.Gl
lead-Essy; domestic. sll2lS
Unsteady; Straits, $3.50.
CHICAGO BOARD or TRADE.
cBfcAGo. Feb. She wheat market was
weak and lower today. The opening was I. to
~ per bushei lower and with only slight luc-
'aauons' declined about lie, rallied irregulsrly
aoout ll3e, advancing and declining within a
ANAL range, and closed about &c higher than
oa saturday. Receipts, 1900 bushels: ship
nents, $4,000 bushels.
Wheai-Firm: cash. S. g: MAY, alsIc.
CONFIRM; cash, Al &C: May, 447. Gisc
oosa-Firm; cash. - e; May, 29 s,g52e.
Rye-Quiet: nc
bMiey-Quiet; j6t1iSc.
flax-EAsy; g6c
Pofk-CaSh sil Sgls. NAV go 1917
i@rd-CSsh h, $3.50. May, S. ~ slCe6.75.
,fn1aoalaers-S4 6lSs11i75; short clear, 5000
Az; short ribs, s. s511Ls7js
whisky-$LlA
CHICAGO LIVE STOCK.
NHcAGo, Feb. S-CstiIe-Receip.s, 1900;
,,saay 70 shade higher: good 10 first class
~ - !, ~ .V8oea; other-, sIC(I4 80; stockers
avg. p; feeders, s27ass} -: COWS, 81 75(s1 %.
hogs Receipts, Zo,OaJ; steady TO higher:
49, ana common, sLS1Qgij0; mixed and
rESAsis sLbJGi55; prime heavy aud butchers
ssnsal' Asasi9J; light SL65Gj.90; pigs, iS0t9
sheep-Receipts, 5000: active and higher:
ns ss. S30oGL25; mixed. si3gGis0; wethers,
- 80 ~; westerns SL9og5.fo; lambs. s.. 400
BOSTON STOCK NARKET.
BOSTON, Feb s.-C.osiag:
s salson ssa4 Burlington .-..... loss
-'i'ean Central. 20 Bell Telephone. 2l0