The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-05-27
uEW York MARKETA


NEW YORK, May G-Tha stock mar
ket was notably active and strong III the
early hours OF trading today. Animation
OF trading somewhat subsidized after the
noon hour on account Of the announce
ment of an additional shipment OF $s0.DA
III gold tomorrow and on profittaktng, and
some weak spots developed in the list
which served somewhat 10 check the ris-
ing tendency Prices Of most stocks were
nevertheless quite firmly held until the
close. and substantial net gains Were the
rule as the result OF the days trading.
There was quite large number OF
shares sold here for London account, but
they represented nothing but arbitrage
operations by professional traders. the
higher leyel of prices here Offering suffi-
Gent margin Of profit to invite the opera
ton.
There was a marked broadening tenden-
cy TO speculation. many usually inactive
shares coming into demand and gaining
tn price. The outside interest in the mar
ket which first manifested itself yester-
day was again feature today. and vari-
Gus commission house orders were in evil
dence. Smaller transactions were of con-
siderably smaller volume than yesterday.
The fact that the senate is actually en-
harked on the consideration OF the tariff
bin and the belief that the measures TAX
en- to expedite action by that body upon
the bin will prove efficacious were the i'm
Polling causes OF the more cheerful view
of things taken on the stock exchange.
W all street waits upon general trade re-
vival as the panacea for the ills that af-
fiict security values. Traders in stocks
act upon the belief that progress toward
the enactment OF the new tariff law justi-
fies them in disseminating the good effect
expected 10 accrue TO business in general
from a definite settlement Of the future
conditions 1t viii have to do with.
The st. Paul statement for April was
also disappointing factor. The decrease
shown In gross earnings was $s2 SCI and
In net earnings $3.50. This had quite a
market effect In the afternoon To check
the rise IN values. Net gains We're gen.
orally fraction less than the extreme
advance, but were the rule throughout
the list.
The bond market developed aggressive
strength on large transactions which
were attributed in part to a revival of
outside interest. The gilt edged liens were
In fair request at advanced prices, but in
the middle grade and speculative issues
The gains We're more pronounced. The
aggregate sales were s., 81, CO.
Governments displayed hardening
sales were $4,000.
Money and Exchnnge.
Money ON call. easy, at I4aIi. per cent:
last loan, Ia per cent. closed, II44ita per
cent. prime mercantile paper. 3ixa4 per
cent: sterling exchange weak. with actual
for demand and 1855. 14. sc for sixty days;
posted rates. 34.Ss1aalG for demand and
~ ssGyi. sslz for sixty days: commercial
bills, $lsah; silver certificates, 6otsg6ttsc.
Securities Listed.
The listing committee OF the stock ex-
change today authorized the listing of
curitieS of the Missouri Pacific Railway
Company and Western Ga. Company. the
Sudbury n Lewiston Railway Company
and the Capitol washington. ID. Co Trac-
ton Company.
The committee directed that dealings In
the stock of the Interior Conduit and In
sulaiing Company be suspended until fur
Their notice.