The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1894-10-28
NEW YORK MARKETS.
THE crock EXCHANGE


NEW YORK. Oct. 27.-Inieress in the
speculation on the stock exchange today
was centered almost entirely in the coal
shares. which were subjected TO heavy
pressure in continuation of the bear cam
paign against this group. This selling in
New Jersey Central was heaviest. but Del
aware. Laekawanna & Western made the
greatest decline. while Reading was CON-
paratively well held. Boardroom traders
wxs very bearish indeed on New Jersey
Central. the decrease in the earnings COM
pared with last year being pointed out as
reason for bringing the stock down to
lower level. The decline in the shares
began right at the opening and continued
to near the close. at which time LaekA-
wanna had lost Ga Delaware & Hudson
~ and New Jersey Central "A. Reading
advanced *. lost the improvement and
rallied y. Recoveries were made in the
final sales OF u in Laekawanna, "a IN New
Jersey Central. leaving the losses on the
day 55s and Al. respectively. The general
market opened dull and fairly active, but
the depression in the coalers vas quickly
communicated to the res; Of the list and
the prices sagged of. Northwestern was
raided by the shorts aud gave way IsS.
closing within = of the lowest. The
break in Northwestern was ACCOMPANIED
by rumors that a scaling Of the old
dividend rates would have to be made
owing 20 decreased earnings, which were.
however. semi-of.icially denied The
movement in other Changers was trifing.
o loss Of x being made in each from yes
tsrday's closing. Louisville & Nashville
was sold py London and declined IL with
out a rally. Hooking Valley Coal, II,
aud the general lisE "a and =. except
some half dozen stocks which made gains
OF Kew The bank ststement was re-
garded unfavorahle, as rejecting a con-
gested money market and a contraction OF
business. and the shares speculation was
somewhat weakened thereby and closed
heavy The psst week has been one Il
the duiless IN the history of the Stock
Exchange, the total transaction for the
wees being Is. o0o shares. which amount
Of business Is only eqasl 20 q single
days trading under normal conditions.
Ia the fret half Of the week speculation
was stSgaaat, hut tor the past two DAYS a
bear denomination against the coal stock.
has impaired life 20 the trading. with
very few exceptions the stock dealt in
shoxing losses on the seek. The bond
make, vas generally drm, except IN the
snal dealings. when there we're fractional
concessions IN sympathy with the weak
ness IN the share markets The trxn.se-
fions aggregated $50 coo. As result Of
the trading fractional declines wers estab-
n.hed IN most Of the issues dealE IN, whIle
advances were made OF ~. per cenl. in
Wisconsin Central and / per cent in Alton
& ferre Hate Divisional bonds.
Government bands--Strong
state honas~-Ssaie%
Railroad boads- Easier.
wxExir Bank svkrrwExr-
f@-raasz De~.zs.
Reserve .......---. .-s-.-. sEsSa2. Is
Ldsas- -4-------- -------- --.-.---. flasSa csc
SfEf3e -s~------- --F-s.--- Ef-lH
Iszs4 ts14eFs ..--- s----,. ls-ts. $40
LsxEsaslts.. ------s.. .s.--- sIITaa
Stzr-z-asA2a .s.--.-------.- -tt-----. l.4 ~
The baaks now had So, ~. coo IN exess,
al Legal requirements.
FtSaNCfGk-
Money-on eall s&.T a. / pey cent.
lass loan, peF cent; Prime msr-
eaasi.e rsper. 49, per esaL sssr-
ing exchange. dall. with sct1al
business in banker hElls az AsTas
sox demand and sAeesgASss. for s4xsy