The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-08-16
NEW YORK MARKETS.


NEW YORK, Aug n-There was an
sther striking Illustration today OF the H.
herent strength of the market for stocks.
heavy offerings TO realize at the opening
being readily. absorbed ard strong fresh
buying impulse invited by the lower level
OF prices, This new impulse soor, turnes
the tide OF prices to an upward conrse
once moro wiDing out the sharp early
losses and establishing net gains for the
~noie tist Inc early decline extended 70
from lis 10 points en- many prominent
stocks aud the subsequent rise established
net gains Of and points in many stocks
The Changers were foremost In actfvitv
and In the width OF the variations IN prices
and there WAS probably an intimate con-
recuon between their movement ana the
arent rally in that market A further a.
cline OF ia posted rates for larg ster-
ling exchange TO ssst was a strengthen
ing influence. as was the savorahle weekly
bank statement. The excess IN the incrsss.
~ loans over the Increase IN DEPOSITS and
the consequent decrease IA the surplus
reserve Of S. IA 80 Ia an encouraging I'M
diCation 90 tse increasing demand for
money and expansion Of business Al
though loans are 81 this tirua az urvrpce-
eented volume. tho same r. true of the de-
posts and the t0gs1 reserve held and a
decrease in the Surplus Is looked forward
20 In the money market 20 establish bet
@atS fhat ne tower range q prices in
london this morning had an Influence Ia
depressing early prices here but 81 was
probably dat grses' far n11nir1lie tive --Sert
in continuing the New York decline q yes
teYiay. The Industrial stocks again lock
quite a prominent place there. Sugsr al
yanced funny ~ after an early decline,
and Tobacco after loss n ga rallied ~
An Interesting Development ~ the week
WAS the fact that foreign investors are
really buying largely ~ American se~uvt-
ties az TIE ssEne tlrne - roreign holders
been tr TIRE New York market. Owing 20
tha deterul.acGly ressimsiic attitude
adopted h9 Eagtisa newsga ppers towards
been kept algllcst constantly below the
NV Yn~k rErfty The course % ths var
.eus international money exchanges shows
frcrea sing reasons why EgTglish financial
authorities have sought to DISCOURAGE ths
tuyfrS or American securities Foreign
tse balance ~ credits 70 lie ssttiet bx goli
IMPORTS - th's country VIII ~ very isrge.
IT,. offerings 81 ErA30 and cotton mills IN
ire New York exchange market have
caused a constant fsil In both sterling ara
continental ssehsnFe more particularly
~ measures ADOPTED io the r.ooaor money
market e divert Car 6ensrd for god = n
shat TnsrEei - other centsfN 3sist The
epeclat demand - london Ter Ec'3 from
Etsssfe Austria ans Jsnsn hR. hen n
pa-f diverted 70 thts cuuntgy during the
Last few u1catfs- TIE Crr- market fis-
ing the week FROM he1ew p@r cont 20 -
49, r~~,y ~ra ts - wer~~siiw believed tNet
ne Bark - England VII advance rs ~ n.
sryst.r7a sfssssssEs S&se - aAoHt per cert
vaxt wsvG Gesncttent ~.I> TIE use IN
me r.ossslan discount rae. thass nas ts.en
: sear1 RISE 81 TIA Fzt9 - Paris exchange
81 Ia~.ea ard BERTH exchange or T.1--
.40e Meantime tsa New York rare cs ex-
sshsrre on fssrll@. sGa especially ~ Paris
- xteSa5fv falling. The Inference IS ia.
Ys-stisn capitalists ara eating h2r0e capt.
"a v,,a.~rts n -rane~ a~f German Tr~-
ssrr, bankers ir New Vows Re leTe tAs, The
sts-s~sssleises al sse 'sas rfe frat So,a IN
lev are rsslv - cnsna n $ shors 1i7ss-
TrS,- ass believe chat L0e3o1 w.3t ksva
- Spf-, e,iA - New Yerk later TNa
sresafv1t - course. o@r@rsss upon tks buy
d.. - American securities - fHs r. ctszN
,gs,fl@ II consequence - TIE reactions 81
Sc market uss ySsrEe@ - tie week r.
.Ne srsgseS o stocks are G1t v3de. 7Ht x IS
.t.rsleg te act-s< 81 r7rss2t3yely fc~
- re leading sfaCks-
->v.aTs<@xttcn. IL bonfs tg.tng tea week
-. -es4v-s.sl~ re@@ess8 tsF views &c investors
r.rSr.ang TIE GasGe&zi ard commercial
s,srEe,ek valves q Esary ss,.gr5:,es aprrs-
.~iafees nesaH3y. sEG tAe dealing we're AZ
tersea rlia mere Animation -21 breadth