The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1894-11-12

THE srocK xxcHAxen


NV fosx. Nov. io.--Ths moving In
nnenes IN Wall strset today IA. the re-
ported Intention of the government 20
issue tso. 900 COO. Despite den sis Of the
report Of the dispatches from Washington
City. leading bankers are inclined TO the
opinion that . government loan 10 con-
iempiafed, and that Official announcement
OF the fact would be made, possibly early
next week. The traders accepted the
Tact and bought stocks freely on
the strength Of il. on the theory
that IL would strengthen the general
financial situation, and consequently
would cause an appreciation In shares
values. At the opening there was
very good bnyfng on the buliish
feeling impaired by ths rumored bond
issue, and the market gained strength IN
M some holders Of stock bought a. lower
ngurss began to realize profits. which
caused . reactios. limited TO fraction,
except in the case Of New Jersey Central,
which fell l per cent There were too
many buyers IN the market to permit q
serious break, and when the small pres
sure TO sell had been removes prices again
moved up steadily until about II 30
o'clock, when the bears made demon
figures dorn 1s9ix. Delaware Il Lacka-
Esnas New Jersey Central. Sugar and the
Changers being the heaviest suffer
ers The depression lasted for no
more than q quarter OF an hour. when the
temper of speculation underwent . sud
den change and q rally took place, the
market closing strong at an advance rang
ing from Il TO 3 Der cent, tho latter in
0kA 49,
"a; Wheeling & Lake Erie preferred, *;
Rubber. 2: New Jersey Central and Pitts
burg q Western preferred, 1, and North
ern Pacific preferred and Bay State Gas.
u. Delaware d Leckawanna advanced u
nj the opening, but broke per cent. clos
ing at the lowest Of the day. During the
past week the speculation has been active,
and the transactions reached total of
1853, 7i9 shares for the FIVE DAYS of busi-
ness. Tuesday being holiday. Antieipa-
ton Of Republican success. and realization
thereof was cause OF the activity, and
with = larger business came a material
advance in prices. which, on the last day
OF the week. Was assisted by reports of
contemplated bond issue by the govern
ment. The more important gains on the
week are: Sugar, 5ss; Sugar. preferred.
~: Lake Shore. III; Lake Erie & West
srn. preferred. 5s<; Lake Erie & Western,
common, 2ls; Consolidated Gas, 81. Cot
ton Oil. preferred. ~; Cotton Oil, COM
mon, ~; Minneapolis & ST. Louis, 4:
Minneapolis & 81. Louis, preferred, 8;
Rock Island. 35s: New Jersey Central,
IA: Pullman, 81; Burlington & Quincy,
So: Colorado Fuel, aud Denver a Rio
Grsnde. preferred. 8; Denver &
Rio Grande, common, ~; st. Paul,
ik; Western Union, Illinois Gen.
trial. Michigan Central. Tobacco.
~; canads Southern, Northwest
ern and Louisville 4 Nashville. "a;
General Electric and Union Pacific, ~:
Chicago Gas and Wheeling and Lake Erie
preferred. ~. and Louisville & New Al
bany and New York Central, 2 per cent
few shares show loss. including Hook
ing Valley preferred. ~. and Toledo &
Ohio Central. 2 per cent. The bond mar
ket today was strong and active. the sales
aggregsting 81. eco, 500. Utah Southern
extension IS advanced ~ per cent: Ore
gon improvement consois, SIS, and Bur-
lington eonsols. Is, Ia.
Government bonds-Easy, on the re-
ported contemplated issue Of . new gov
eminent loan.
State bonds-Dull.
Railroad bonds-Sirong.
Petroleum-Steady; December options.
closed s2;sc bid.
FINANCIAL
Money-on call. easy. at per cent.
last loan, 1 per cent closed At / per
cent Prime mercantile paper, 2H13n
per cent. Sterling exchange Weak
with actual business in bankers
bills az t4s764s71. for demand. and
81 s694s6ia for sixty DAYS. Posted
rates, S4e7f4ss and S4ssGl4 80. Com
mercial bills 81 S5G4Sai..
Silver certificates. Gaze bid.
WEEKLY RANK STATEMENT.