The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-11-09
NEW YORK MARKETS.
The stock Exchange.

New York. Nov. THE volume OF buss-
ness today was upon an extraordinary
scale for haE holiday. aeo 900 shares, a
record that has rot been eQSaled on any
Saturday since the Venezuelan episode
Aggressive strength was displayed al
along the line. with broadening ter
Gency Of the market. ard the ease with
which the offers were absorbed excited
general interest and comment The buy
Ing was largely by commission houses and
tire low priced shares were unusually
prominent. The upward movement halted
around II 30 O'Clock on he appearance OF
tho hank statement. showing a decfease in
legal reserve Of s.. Sc. s2s. Operators who
Rad overlooked the fact of the heavy with
drs walls from the banks in the early part
q the week were disappointed at the ex-
hsbit. and sold = few stocks, but the Of
ferings were taken without a ripple. and
the advancement resumed with renewed
visor In a number of instances the best
figures recorded in the present rise were
reached. The market left of strong at
about the best prices. The stock specula-
ton OF the week was animated and many
stirring phases were presented aggressive
strength ard extreme activity marking
the dealings.
The pivotal factor In the market was
the change IN the general business and
financial outlook and complete abatement
every skfa 81 the starting OF Industrial
and mercantile operations On large SCALE
and further animated speculation In the
cereal msrkets encouraged an expectation
OF impending radical Improvements IN the
earnings OF the railroads. ard stiuulate ted
enormous purchases OF our stocks and
bonds for local ard foreign account ard
the shorts were scattered In all directions
The return 10 normal figures for call ana
time mon etsry accommodation ana con-
sequert revived suautry for mercantile pa
per caused great ercoura cement In and
ont OF Wall street. ard the Juror with
which the stock market opened on Wed
nesssay morning was dramatic in point os
antieipssory interest IN a word, tha
market movements have rot been more
StoAeet at any time since the Venezuelan
episode
On Morssay. the cal money had been
scarce at e1 per cent and ttrrse funds were
practically uno5tainanse for SHORE periods.
while there was no market for mercantile
paper. Late IN the week call money fell
20 sas Per cent, snA time money was IN
abundant surrlv as low as rer cent FOR
al periods while prime mercantile pager
was readily discounted at ard per
cent An Interesting development was ira
compete 6f>sppesrznec OF the premium
on god ard the anxiety Of the people who
RAD previously Withdrawn tho coin 20 ex-
change e for currency Prices generally
fsuctuaEex1 violently. the early sop level re-
corssnr sa&sas over the precedfng weeks
cic~e Of 60 10 psw cent. the last In Sssgzr
A sharp reactser N prices occurred %.
THURSDAY. on reslizsfsone but the mar
kss stea&ssed later and -noet Of TIE declines
were reversed. Some ssoexs had the best
prices recortei IA xssa present movement
at tsss close.
The railway bond market devsiop4s ar
grssssve strength On enormous dealings
with special inquiry for the bonds OF re-
Gently reovgantzad companies
Government bonds were also tu active
demand and advanced materially on large
investment orders A feature Of the mar
G~x "a thu riAweak dealings was q break
- - per cs<st. 20 silver certificates. 30
covered
TIE stock market .e<, CO strong =; res