The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-08-10
NEW YORK MARKETS.


NEW YORK. Aug. s,-oulse vsa,~u,
,.uiaastsor sss IN ia the stock rs1arkes In
l'fe Asf hour and q half o. zraAssag r,ssss y
ana prices came tsnssIf1x frers ssssf- 49,
PAGES the decline from the nsegs -.s.',r
nxssk ~ many cases very wide Wrfsat the
sa- ssxssoaal Traders have heen predicting
~. esHs .lfne came 10 pass namely .
snHlcse1i decline on many sfoss a - ,.~-
Ever stop-istss orders By weak hoi5@rs -
- e,e -, soens, Ins dealers have been aware
o. me .,pyramiding " orders or a targs
sesIe that ts 10 say. the r.snvesfsnss.s ~
esfnfnEs as fsss as made became ~ saas
aossers, which Threatened whaA Occurred
sDaay. IL locked for stsna a. thouph So,
market was going 70 pieces lnF3e- I've
as1snI OF heavy offerings to reafixa f,s,t
. AZ. y was OYER a taking ~ account O.
the Day revealed that changes az syrs -znrS
asce were confined to A cosf.fga y~ fssslv' So,
storks II was The stocks that ssaJ erltoved
sss.sha .ioffal advances in the morning nssa-
ya,ss me osanseFs that suffered mos, Sc
srffE N the afternoon. The selling 70
.sAiIze started In the Changers au9 a.
the Hark@s liz more sensitive 10 IN. mar,
&c o. tnss group then any other, the SELL
Ing movement soon broaderlsd BY svr1Da-
10y until II included pretty rrsu.r fna
wnoss list. IL was notable thar ~, f,sas,
gers sisaaleh and rallied, even whiis other
pflces Wsre asiil failing. Burlington r...sfgy-
sIea ever point from the .sses. ard
there We're exceptions 10 the weakness All
through the Hist, some prominent, stocks
aosiiag nfn III the midst Of the hea vsrst
s~atns OF other stocks. The buying of ina
morning :iss uas enormous and excs-olad
mat .or q whole day OF ordinary fraftiur
There was large falling eff n, tlsa a. rSx,
period OF the decline. which. was a honsfss,
Indication that Tho prices woslid rssiss ,ses
pss<lrs and resume the advances n1is
tne .ains -fisar sefInsss took increasing hold
op thn minds OF holders and fhe selling
movement developed into something Ifka
throwing overheard of securities. SAFES
Tor inc day exceeded 81 90 shares There
was no news OF The general situation 10 49,
count Tor the decline, all factors couttuu-
.ng favorable. isoEdon buying as well "a
selling stocks. the price OF sterling sx-
caahSe registering stlll further decline
ana crop news all continuing Favorable
Inc early advance carried many stocks M
over two points. but the slump In the mar
hsf wiped out ali hut a small fraction OF
the advance In nearly ali cases and carried
some psiow last Rights close.
iae BOND market sympafhixed with the
snare speculation In general tendency. bu,
the variations We're exceedingly narrow
The transactions were In enormous volume
with The demand very keen for the lowsr
graae iines. The sales were 81 5I5nn0
Government bonds were duh, but firm.
The transactions were S5.ano
Aoaey and Exchange.
Money on call. easy at ieiis per cent:
last loan. Ia per cent: closed offered at
Per cent. Prime mercantile paper 4slpa
per cent. Sterling exchange, weak with
actual business In bankers bills al 81 "a.
Vs.ss for demand. and 81 MAI ST. for sixty
days Posted rates. 81 ssa4.s7 and a s7s@fs
S.s Commercial bills, stA Silver certif-
Gates. aap.sc. Bar silver. 5ss.e Mexican
dollars. 42sse.