The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-11-22
NEW YORK MARKETS.
The stock Exchange.

NEW YORK. Nov. ao.-The stock market
was almost inert today and drifted under
no very wsll-de'ined motive towards a
exercise rather important influence on
that financial center and for lack OF an
other initiative the local stock market fol-
lowed that lead. Dealings were on a very
small scale. and the movement Of prices.
outside few special cases. very narrow
Even Consolidated Gas took on q rather
suhdued aspect and brought fts variations
within a range of 3 noints an extraordl-
nary moderation for that stock
Metropolitan Street Railway was nota-
YESTERDAY to the exten, of points addi-
tional. The poliHcal situation Is cited as
being likely 20 inure 20 the benefit OF this
rfronerty. There was 70 other notable
dency seemed to be somewhat checked at
last. and the closing showed some slight
recoveries on the short covering.
The hank statement was without auy In
fuence on the trading. as II showed about
what was exoected The Increase in loa ns
Is undoubtedly due 20 the operations con-
the first payment for which OF nearly si5 :
ea.ooo. is 10 he made on Monday. The ex-
oess OF the increase IN deposits over that
In loans reflects the return from Interior
both the New York and Chicago banks in
large volume. Outside Of the Union Pa
cific operations. there Is no doubt tta. the
loans Of the banks would show a substan-
rsal Increase as there has been a large
liquidation of merchandise accounts dur
ing the week and the money market has
been very duh In all departments BID
ding for choice grades OF commercial pa =
per has been very active brit the market
has been almost bare Of offerings The
money market has not shown the slightest
f'utter over the approaching sis on 200 paw
nent 10 the government on account OF the
Union Pacific sale. This payment will In
fact. amount TO little more than A series
% bookkeeping entries the transfer OF
credits in large part being confined 70 the
banks banding both accounts These
hanks have deposited irr the treasury at
Washington government bonds TO the full
amount Of the payment. as security. and
the government has arranged 10 leave It's
fue9s on deposit in the vaults OF these
banks.
The stock market has been a rather trfv-
iaI affair all week trading being of small
volume and the movement Of prices slight.
Tho &c price Of stocks IN slightly
lower than last Saturday and the weak
usxs OF the cosiers Is mostly r~gDo usIhie
n bTinstng down the average. Elsewhere
IL the Est there are few prominent stocks
that show q net change exceeding frac-
ton either way. Sugar ard Consolidated
fsHs nnve showed tiss widest variations
ana have absorbed ti9r greater share et
TIA activity and interest ard tSe ret re-
cs.ss & shown 81 Eains OF less than per
catl. fs1ussfsde'ea Gas sold 50 high as
isgts ard ~ low a. 1T closing at about
81 tt,!s stock hAvs faIfowed the nlu;abse ut
terraces put fort. ty an interest xaese
assAn; II berg sassZst 10 The plaa ter
merging the local gaH companies ard IL
has kent the stock quite active 20 keep no
with these changes. Union Pacific has
been markedly heavy.
Outside al these ard few Of The sne-
eiaities speculation IN apparently dead for
the time bang. On Thursday the total
sales OF an stocks feii TO less than Ia 90
shares This apathy 81 sDecGlaf lion In tbs
more notable In view 81 the amplitude and
fh@ cheapnesS OF the supplies 90 MONEY!
and tire large reserve 81 money supply
made avaiisbie by the heavy trade balance
~ favar Of faiS counSrv. The halt n snec-
uiafsor carnc. be as.rfbu.ei 10 existing
conditions. which continued 20 hA very
favorable but ra:har to doubts regarding
the future n - usual for Wall street 70
come - a pause IN Ifs operations "a No
verY1bxr peE4sng the assembling Of con-
xrssSS the publication OF the PRESIDENT
message ard TIE rercsntion az the temper
ana srtsrssJ- o. sfe legislative branch.
Tn- tendency Of railroad earnings ts also
tetng scEatiHized with great attention.
now that the abnormal grain movement
has shafea The wesk's returns for ths
peron2 ws~E II November snow earnings
well Up "a the best records 10 former years.
and in the case Of s0EEs Southern and