The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-02-10
NEW YORK MARKETS.
Thn stoclk Exohnnpn.

New York. Feb. s.-Tradlng in stocks
was quite brisk for half-hoiiday. Tho
movement OF prices was Irregular. Dis
Amounting foreign advices In regard 10 the
prices Of American stocks and continued
selling I'm this market for account OF En-
ropesn dealers exerted an unfavorable IN
fuenre at the outset Very soon, however.
strength developed in the Industrials. while
the railway Iist exhibited saggfng tend
ENJOY. The fluctuations In prices were very
untuportant until the end or the first
hour. when the bull leaders took effective
action. and on heavy purchases the market
took the up tack. The gains scored were
material I'm a number of instances. Sugar
rising per cent Profit taking toward the
end Of the session caused general recess
ssons and the market closed irregular at
concessions from the top ngures, put AT
general net gains. The topic OF interest
both in and out OF Wall street has been the
closing OF the bids for the new slV.oV.pV
government loan and the allofments- Ef-
cry detail connected with the event has
been discussed with great eagerness both
AZ home and abroad. and the probable after
effects of the loan continue TO be dlscussed
by leading financiers with marked anxiety,
so far as the money and commercial paper
markets are likely to be affected thereby.
T, a. cantenses in strictly wall street cir
clex that the primary object or the latest
houi issue is likely 70 be IN large meas
rre defeated The point IS made By those
critics that no small part OF the treasury
.torL Of gold NAV be taken 20 pay for tho
bonds ard that the net increase IN ITS re-
sources from the sale Of bonds VIII IAN Tar
short Of present anticipa;ions. Already.
howevsr. indications point to relaxation
IN the tension In the money paper market,
although bullion dealers profess 70 expect
eois "a A commodity, 70 go 10 per cent
premium the coming week
7-hA market has been active and the
movement irregular. The fluctuations have
in tse main been dictated BY prominent
speculation traders. although some Invest
rnent buying of the Changers and few
other s0cks have been noted Sugar and
g. psnt hava DISPUTED the leadership OF
the market. and show let gains OF ~ and
~ r.ar cent. respectively. TIE more I'm
r.oriaut ,ufuences. aside from those al
rszav noted have been tire news that the
hvrrss win en- Monday vote urson the free
silver substitutes bill for the bond bill. r1-
roors affecting the hnanclal credit Q, ne
Missouri paciac. afterwsrd sufnofitAfiteiy
denied. persistent selling OF American
stocks FOR foreign account. and the usual
ssrostfv arranged oatgfvinxs % the maBlpu-
iatcrs q the Industrial stocks. TIE net re-
suits show advances. Including Pullman ard
Rsa Grsrse Western per cent. an North
pester- 81. The arrrsgate sales wsre
! sssff7 shares The railway bond market
TO-DAY exhibited continued strength. end
advanced on dealings forced up To ,-.@1
Governments ruled strong and higher. Tns
rev Is coupon were in good demand. Ilas-
% changing hands Ra5lroa2 bonds Tor the
week were strong and Gnal prices Tor
~. leading speculative iEEues were ssseF-
Ally materially higher. The Oregon Snort
line AMI Northern Pacific mortgages weTs
heavily dealt 81. The first s. trust reeeapss