The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-02-08
NEW YORK MARKETS.


NEW YORK, Feb. s.--Thers was little
Of importance in the transactions OF The
stock exchange today. the dealings being
on a small scale and the fluctuations on
prices being within narrow limits, ntly
closing week which has proved duh
Throughout In spite Of the hopes enter
tsined - the beginning Of revival in
the trading.
Today's opening proved irregular, but
generally heavy under much the same in
fiuences as yesterday. A feeling OF un-
easiness conferred about the industrials.
undoubtedly due 10 the proceedings of
the legislative trust Investigation going
on in this city. In the railway list also
the publication of some disappointing
traffic statements OF rhe southwestern
lines exerted 6 generally depressing In
fuence. The induStrials found fairly good
support. but figured less prominently in
the dealings than yesterday. Il was only
IN the final hour that the market ex-
hibited any decided tone and then the
professional traders started TO cover ex-
tensively in the industTials. few OF the
railway stocks came into prominence.
doubtless influenced by the excellent
showing OF the weekly bank statement.
presenting q loss In surplus reserve % 81
6sS go and an Increase IN loans OF s. ~ 90.
and In deposits Of s. So 010 The market
showed more activity In the rally and
left OF generally firm.
The week just closed presented only one
feature OF any special interest or import
auce. This was the development Of the
new holdings in Northern Pacific and the
Railway Navigation Company by the
Northern Pacific Great Northern and
Union Pacific railroads. The transactions
IN Northern Pacific common and prefer
red stock. and in the securities OF this
company were heavy both IN this market
and In foreign markets and had a graft
Tying effect. "a indicating revival of
interest OF the reorganization Of the com
pany and a combination OF interests so
promising o. advantages TO all concerned
that they could not be but viewed COM
placenly by every interest in financial
affairs The lower discount rate iu Lon
den showing The abundant supply OF
Money there Is accepted as a favorable
feature IN the outlook here. as providing
means for investment in American prop
critics. one % the features OF the week
was q decline in the previous very high
rate oF gold bonds. which Is attributed
&c profit taking. The advance I'm the treas
ury gold 80 over sls6 9G 01o s. a factor in
the soliaity 81 the curreat situation. TIE
money market VAS extremely dUu ard
rates were shaded IN some instances even
from the low quoted Bgures which were
ltfnz per cent. on call Transactions oc-
CURED az 1G4is Per cent for thirty DAYS
60 eight months Mercantile was readily
absorbed with the banks ana out OF town
people we're we'll represented.
In the early part % the week the mar
ket showed a tendency 70 broaden ont
under the influence Of the transactions
Involving the Northern ParfNr and thei~
seouenceS The tudustrtais came I'm for a
drive and that drove values down along
the Nbotc me ara again restricted the
score OF speculation. The market left or
generally drTn for the week on covering
by shorts. tae net losses on the leading
railways being ] 20 per cent
In tbs closing hour the Wall street
stock market displayed considerable Arm
ness under the leadership OF inslssfrfaie
extensive covering being reflected ln M
tcTld gains in sugar and leather prefer
res while railway s1ATe@ improved mod
eraisly, closing 6ru. silver. $40. lead,
3 So
Th.. bond market during che week vgas
unusually e q mates and tFarsaettnus foot
"a zap tis - a0o The features ~ the dee.
ta.gs were the constant absorption az lHrge
blocks af rte lel6iuE bonds for CONT
moved ln sympathy with THE stock mar
kst AZ times when ere speculation as q
w hole was exceed ~ strong in fe-a
Tne changes recpr8ca Improvements
speaking generally
Money and Exchange
Money "a cal. NORMALLY 1Iee -s-
caat.. prime mercantile paper. S4
uer cent Sterling exchange. sseafr
with sctuaI business 81 aarkers-
bis a. &6sss 2A6>lz for 4znsaH ana
a Sssezzs. f3v sky days, posta1 rates srre
So ans - -eon1T1,erct 6li5s. sgl
q. yer certificates. - ss6S2sc
weekly Bank Statement.
Increase. Decrease
i.osns -................. 3 t-4so $50.
II,esal ;er''sers --------- s-s. 2s,a SO
me hsass nov h531 81 .s45.5t8 Ga eTeess
- reaQUtEeras.nts
ra. FTn&ncger says: Tee statement 0f
.s. -s.a~svs MtaEea Backs ~ %aev Ny