The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-11-28
rev YoRk nAalkErA


N4W York. Nov. G.-ln ne otock o0rx9s
today. soiicwing the holiday. the Gays
dsassngs we're fairy go ostsioussd- Tnsfs
was barely . trace Of oaIssde interest ard.
as usuAs recently. aside from the special
tea. the net caanges we're mainly Trivial.
The market was Irregular. ba, heavy N
sone on sayorao.s exhibits Of earnings. -
p<claliy oy Ene Granger lines and .sQuida-
ton Ia the s2sclAiisa- Prices gagged
sharply aaring the early Asaiings under
renewed aggressive tactics % the bears.
The anserc%s Of connisslon house orders
and the apathy OF the interests usually
Identified with The bull ssds gave the
t-a1srs . Gear ned London quotations
for American securities came tower. and
ths foreigners also appeared % favor
sales In this MARKET 20 . moderate extent
The movement In the railway list was ale
NOS; generally narrow. and after . de-
cline In the principal shares Of y 70 pr
cent. supporting orders Eere executed and
caused \ ragytng movement ace higher
priced lndss.rfa.s were conspicuous for ex-
csptionaay vice fluctuations. which wsrs
considered 20 b largely due to manioula-
faon. Toward the close an improved tone
was generally apparent and the market
left on steady.
The bond market was duh ana irreguiaS.
but the changes were narrow. except in
few Of the unusually Inactive insues- The
sases we're 8. ee6. CO.,
Governments were strong and fraction0e-
iy higher on purchases Of tiisooe
Silver certificates we're neglected. but
steady on sales Of $&0o.
Bradstreet's review Of the stock mar
ke, tomorrow viii say: Irregu!2risy. with
narrow fluctuations. has been the marked
features OF the weeks market trans
actions. Speculation has been altogether
professional but weakly held long stocks
have been dsssodged. and inability to pro-
duce further liquidation with increase Of
the short interest has made the bear Lead
ers cautious. The room traders have sew
erai times covered their short stocks and
given a temporary line Of strength 20 the
proceedings Further tea lures of the
market were supplied By the spscialfies.
but the larger operators. acting on the
bear side, have made drives at . number
OF leading stocks. though their success In
depressing them was small. The general
IMPRESSION OF the street II that material
rallies are not probable. and that until
congress meets and some definite idea can
be formed as 20 IL course In connection
with the Cuban situation, ~ well 40 IN
regard 10 currency and tariff legislation.
no very pronounced movement In the mar
kef 10 likely. There 10 q belief that the
reduction in the middle Of the month II
due to the fact that the market vas only
premature In discounting the favorable
effects Of the election. ana that renewed
improvement In stock values 10 TO be look
ed for after the opening OF the new year.
Tie ease OF the money market has In
creased steadily and facilitates the carry
ing of stocks. Last Saturdays bank
statement indicated q phenomenal outpour-
Ing OF boarded funds. while the treasury
gold reserves are, without any effort. be-
ing made to announce ~ approaching
the $40 ono 90 mark.
wheat 1t Top Noteh.
The bulls got after wheat again today
and htted prices 70 the highest point Of the
year. Opening a. &%c. December ad-
vanced steadily to SOLO. which is the high
point OF the year. The feeling among local
traders was intensely buitsh, and few OF
them think the present advance VIII cui-
inmate this side OF dollar wheat In New
York. Influential factors In today's ad-
vance were strong cables. rnmored unfa-
vorabie Argentine news, light spring
wheat receipts and scarcity Of cash wheat
al ali points. May ranged from Ssisc 20
soc and closed AZ sac.
Money and Exchange.
Money on call. easy a, .gl23z per cent !:
last loan. III: closed 20eis per cent; prime
mercantile paper. 4G5 per cent Sterxng
exchange firm, with actual business in
bankers bills at $t.S6i.ssAs6s. Tor demand
and siss for sixty days: posted rates.
Assia14.s4 and tfs71; commercial bills.
s4s2is Bar silver. CSC. Silver certid-
Gates, 659e5isc.