The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1894-08-15


bears were tabslsnt: trust stocks wers in
bad repute. The crop reports were more
favcrahIe. rain had fallen in the cora belt,
the gransers we're being bought back by
the sellers OF few days ago. The general
situation Vas improving. Sterling ex-
change vas easier and the 3ow Of
gold vas about 20 turn eastward.
These we're the conditions which con-
fronted Wall street today. and II to give .
still more rosy hue 70 the situation the
London market came in strong and there
we're good foreign buying orders on the
board AZ the opening II Was expected
that the first prices made would be higher
than those OF the night before, and as
rule they were. Some Of the shorts were
urgent TO cover, and there was not LITTLE
buying for tie long account The anna
teurs douotgess believed that steady and
healthy appreciation in values had ses in.
bar the professional SPECTATORS. the
ciiGues OF insiders. we're not ready vet 20
let the market so out Of their hands, and
90 the usual tactics were employed 20
check the upward movement which has
been in forc-. The Sugar pool took q turn
at hammering their own shares. The Sec
rotary Of the trust had given out letter
he had written denying that the
company had purchased $lI2 ooO, 900
worth Of raw sugar and putting
their purchases at only Sc. Oo0. 900.
thereby cutting down the alleged
prospective profits 20 . comparatively in
significant sum. 1t was rumored, too.
that the free sugar bill was dangerous. An
early advance OF 10 on the stock was
quickly wiped out and q break OF 51s per
cent was engineered with intervening
rallies, so IS TO let the holders of the
shares down easily. A big stop order was
caught on the way down, for which very
likely the clique was cunning At the
lower figure there was good buying and
recovery was made to Io7ss, the closing
prices being y 70 Ia below the closing
sale Of yesterday. Sugar, preferred, lost
x. The Changers opened higher, except
for Burlington, which was unchanged.
The ranges were fractional, except In St.
Paul, which was up Ia. The whole group
took an early drop. in common with the
rest of the market; the entire list becom-
ing unsettled and huctuating widely in
many cases and with much frequency.
The irregulsrity continued until the late
afternoon, when . strong tone was infused
in the trading. then there were rallies WI icn
wiped out the early losses, and in a ma
joriiy of instances advances were recorded
on the days transactions. The passage of
the tariff bill caused . break in the
rates Of Sterling exchange. Posted rates
for bankers bills have been reduced LGid,
and concessions of l19s@d on actual busi-
ness. Arbitrage houses are in the market
as sellers of bills drawn against purchasers
of stocks held for London account. 1t is
not unlikely, therefore, that Sterling ex-
change will gradually decline TO the gold
import point, and there will be return OF
gold more speedily than has been antici-
pated.
The bond market was strong and active
all day, and most of the issues were traded
in largely.
Government bonds-Eirm.
State bonds-Quiet.
Railroad bonds-Steady.
Petroleum-Steady; September option
sales. none; closed. 601zc bid.
FISANcIAL.
Money-0n call. easy at l per cent
Prime mercantile paper, S95 Der cent
Sterling exchange, weak and lower. owing
to the passage of the tariff bill, and actual
business in bankers bills is done at s4s7x
G4s7I1 for demand. and 81. s6l59 sos tor
mercial bills. s4s5a<G4s6
Silver certifeates-6i@65c.
BONDS.
.. 8. Is. reg. 1884; U. s. Is. coup. l14l.;
u. S. 2s, reg, SO; Pacific 6s, OF '95 l0l:
Ala. class A, 100: Ala, class b, 10i;
Ala. class c, Oh; Ala, currency, 81;
La. Nav Consols. As. e4lz; Missouri IS. 100;
\. Carolina Is, 1888; \. Carolina A.. 81;
Is, 20; New Set IS. los; Tenn. Old
Set Sc. 60: Va. Cent. 50 offered: Va Cent
deferred. 4 Atchison Is, 70H: Atchison
second A, 24ss: Canada So, Ids. los; Den.
a R. @. 7s, lis; Den. d X. q. -, 10;
Erie Dds, 70: g. III. & s. A. 6s, 50 offered; q.
Ii. & S. A. rs. % offered; Ii. & I. Cent. 6s.
e5; NJ. X. T. first A.. so; NJ. K T. second
A.. Az; Mutual Union 6s. li0l; \. ].
Cent Gen1 s. l17jl; Northern Pacific lists.
1907; Northern Pacific ends, II: North
west Consols, l401l; Northwest s.
+. deb. IS. 10: Rio Grande West
ern, lists, Is; ST. Paul Consols Is, 1851: 81.
/. & I. NJ. Gen. IS. 20; st. l.. & ). +. Gen.
Is, so; Tex. Pacific lists. s41f; Tex. Pac.
2ds, 25x; Union Pacific LIST of SO, i0s;
West Shore Is. i04
STOCK QUOTATIONS.
Atchison. 81 Adams Express. 14s; Alton,
Terre Haute. 30: Alton. Terre HauEe pre-
u.
more & Ohio, 20; Canada Pacific, 6sZ Cam
ada Southern, 50: Central PACING, 1871:
Chesapeake Il Ohio. IL; Chicago & AL
ton. 1873; Chicago. burlington & Quincy.
73ss; Chicago Gas, 74ss: Consolidated Gas,
-; Chicago. Cincinnati, Columbus
OF; Cotton Oil Certificates. 2s.;
Delaware Hudson. 1885; Delaware.
Lackawanna & Western, 1857; Dem
YER * Rio 6raude preferred, 81;
Distillers' * Cattle Feeders Company, 371<;
East Tennessee, l0ls; Erie. 1885 Erie, pre-
ferred, ISL; Fort Wayne, 90; Great North
ern preferred. i0l Chicago & Eastern Illi-
nois preferred, 90: Hooking Valley, IS:
Illinois Central. 921l: ST. Paul &
Duluth. q: Kansas q Texas rreferred,
asAz. Lake Erie & Western pre-
ferred. e5s4; Lake Shore. l3l;
Lead Trust. 43A: Louisville & Nash
vile. 5sss: Louisville & New Albany. s5s;
Manhattan Consolidated. 1l7i@: Memphis
a Charleston. Is: Michigan Central, e5h;
Missouri Pacific, 2ss.. Mobile 4 Ohio. 201s;
Nashville & Chattanooga, o.; NAtionsi
Cordage. 2asS National Cordage preferred,
Is; New Jersey Central, iil5s Norfolk
& Western preferred. 2th: North
American Company, 4; Northern Pa
cinc. so; Northern Pacific preferred, l6ss;
Union Pacific, Denver & Gulf, a.;
Northwestern, 1855: Northwestern pre-
ferred. l4iJS; Nsg York Central. I00i4;
Neg YORK & New England. 10; On
tarto 4 Western. I7ts: Oregon Improve
ment. 49,; Oregon Navigation. Is; oregoa
Short Lane & Utah Northern. Al: Pacific
Mail, Ia: Peoria. Decatur & Evansville.
a.: Pitts6urg. i4sss, Pullman Palace. i5o;
heading, l9s., Richmond Terminal. ls3s:
Richmond Terminal preferred. 2274. Rio
Grande Western. l4tx; Rio 1raDds
Western. preferre3. a.; Rock Island. "a;
81. Paul. e3is 50. Paul preferred. Ils1z: 81.
Paul 4 Omaha. 3D. Sc. Pau a Omaha pre-