The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-07-21


fsrrsd Esd Northwestern *. ana
others 1:aix. A Subsequent rid On
General Electric broke it from yx
% 5iH. The general list uas not much
anected .As II O'Clock The market VS.
ssesdy srsi fractaonaliy hsioU he Aighest.
Trading Sas moderatesy larke otter n
O'Clock ahs beaFs, 6ndsnr TIA The ria
ON the Gsnssai Elsctrie did noe hssak. the
others stSrtsd 70 cover. CHASING seesneth.
and ElecE-tc rallied 20 3sK. Northern Pa
eioe. WesssSn Cnion and some ctherr ,oid
. The highest prices Ia tie morning. and
the market showed more rsllyisx power
imam for s.yme days. Al noon the Market
was hrm. but in the afternoon General
Electric dumped TO l6k and In debeo.
sures TO X against - yesterday. The stock
nad no Support vhatevsr and the bears
osd - taey liked With n The break
caused tesvy iiquidatious. All .or., Of
stories wszs sdoas about She propoesv. ONE
being ths.s the company lost : suit in the
west in'so'ving it, incandesceat lsrht
patent Shis VS. doubsiess 8 perversion
OF the Hscssion Of the United Statea
court In Milwaukee tcAsy. in which
the nghss Of Edison 70 the patent
were fr:iy sustained, q hsd pre-
vsousiy hssn done In simiIar es.es
IN the East There were Other rumors
Of highly sensational character in
reisfton - the property, but they could
NOS Be xaced 70 any authentic ssurce.
lhe rest ~ the market held remarkably
Well In fits face Of this break and A. 9:n
p. rn- the: market wss inclined 70 rally.
snough General Electric vas still heavy.
One feasoi for the strength Of the market
IN the sats OF the slump In General Elec-
VIC Va Ahe fact Of heavy purchases for
London lsccount, that city taking Is 600
snafes or dividend payers. Besides that,
iead'ng tpssrs covered shorts 70 the amount
OF ooo0 c;hares, mostly Burlington and st.
raui. final quotations. in . majority Of
cases. wase above those Of yesterday, the
net gazing varying from N0ex per cent.
Among s'ss spscislties, Pullman jumped
% per dent. to i56. and American To-
oacco =. 80 30. but the latter Afterwards
broke 70. 63H. General Electric lost 5k
per can't
The nervous feeling in Wall street, %
noiicesbSs today, 10 said to b due largely
70 uncetsainty regarding the identity OF
some corporation on behalf Of which ap-
plicatiofi wss made yestsrday In the
United States circuit court for the APP
poinfmes:t OF . receiver without disclosing
the Mans Of tho applicant BY the direc-
ton OF Jadoe Brown the papers. in accord
ance wiie the request OF counsel on both
sides. wets kept private. % the name OF
the smtasraseed company Was not di-
winged. This action Of Judge Brown was
vigorously condemned in financial circles
today. 81 resulted in the names Of several
promineat companies being suggested -
the ono concerned. and in At least one
case sesious decline in the price of stock
OF one Of those companies resulted there
from 1..ae financial situation in Philadel-
phia 10 ssid by New York bankers today
TO be verse. Applications were received
from thsre for cash In order that this
weeks Fay rolls might be aupplied. The
banks wlich received the applications for
varded ::ihe nscessary currency. 1t il
probable that some banks in this city will
adopt tha same method this week to avail
themselves Of their credit balances IN
Philadelyhia. They may charge . COM
mission ;of I per cent. after today on eli
the Phissdelphia checks received for col
lection. Il
Cover, ment bonds-Steady.
Petrolsum-Ncgiected.
FINANCIAL
Money! on cal.-Easy At Gas per cent:
closed. offered ut per cent Prime pa.
per, sQis per ceut. Sterling exchange
Weak, NTH actual business In G0-day
bankers bills at &asi H@4s 2H: demand,
$a.S3,<0shSA
oILyGI
Bar saver, per ounce, 70i<c: Mexican
dollars. s9c. Sales were 1000 ounces.
Q. d - t:sgl. ..... ll0sS z. 9. lsfs rsg).... ~
y. y - tsoupl. los facihe os.......... las1
nAILRoAD eTocKA