The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-11-15

NEW YORK MARKETS.
The stock Exchange.

NEW YORK, Nov. lathe bears exer-
cised no influence In today's market for Sc
do so. The bear element was, In fact en-
gagged in buying stocks to cover short con-
tracts over sunday, the general firmness
, in the tone of the market admonishng
them to protect themselves. Thus relieved
from the bear pressure and helped by the
covering OF shorts, prices moved quite uni
formly upward. There was no great ami
nation to the trading, but some Of the
buying was called of a substantial sort.
The eoaiers continued to display
strength on reports OF pending agree
more seasonable weather that has come to
prevail New Jersey Central and Della
ware 4 Hudson each rose point al. one
all OF its gains. The Changers also showed
gains. Rock island being especialiv strong.
Ruying OF these stocks was partly in an
preme court on Monday in the Nebraska
freight case The opinion Is almost uni
versal In Wall street that the decision.
roads sugar ma. made further r. progress fos
wards recovery and rose at one time pa
above last nights close. its net gain being
IA. This stock again absorbed about one
third of the days total transactions, with
sales of S6.u 90 shares. The bank statement
created little impression. az 1t Indicated no
change in the condition OF the money mar
Eet, and the increase IN loans and deposits
had still left a substantial increase in the
surplus reserve.
Notwithstanding sharp reactions on
Monday and again on Thursday. the level
than II was a week ago. and net gains are
over points in large number OF leading
railway shares The Industrial shares,
notably Consolidated Gas and Sugar. have
not done as we'll. and the former Is sis
noints lower. Sugar shows net decline Of
sb which is recovery OF sss from the
FAR In the lead In point OF activity all
through the week. and its depression has
strongly Influenced the whole list at times
by sympathy.
The recoveries shown I'm the general list
are the more noteworthy in view Of the
activity and weakness OF Sugar. The coal
breaking heavily or Monday on reports OF
over-production and price-cutting and the
continued mild weather with small de-
mand On Wednesday came the decision
Of the appellate division of the New York
supreme court affirming the decision OF
a lower court that the attorney generals
petition was not sufficient to warrant an
order for The presidents OF the coal COM
panies to appear before a referee for
hearing under the antitrust law OF the
state. The impression prevailed N wan
courts decision was thar the antitrust law
was Unconstitutional thus 0vershrowfng
the law as whole. This law Was direct
ed not only against the coal companies.
but also against the industrial aggrexa-
stcrT = e.sestaF srF BE sfacks n III thess
corporate institutions mounted strongly
Much stress has been laid upon TIE der
cision Of the supreme court Of the United
States delivered last Monday which d.
MES the right OF the interstate commerce
comm ts<t0u 20 enforce rates absolutely.
under the long and short haul clause.
ws8~@ water rates are = connection Deal
ere In railway securities regard the de-
cisforI as OF great importance In that Il
tends to enforce the rights Of railways 20
FIX heir own rates As j. restricts the sf-
thorfsy OF the interstate commerce COM
mission III IS looked also 20 stimulate this
advocacy hv that holy % "A railway pool
ing bill which railway owners and man
csa for their financial Ills. These judicial
decisions ware coupled With reliable IT.
formation from Washington thar the pres
{Asn. md members OF the raosreG regard
ed SPANS reply 30 United States Minister
WcNffforR's nnse friendly and con-
t9denee was feit thas there would rot 5e
an rcca sion for q rapture with Spain over
ths Cuban situation TIE strong and az
gresssve tone impaired To the speculation
f5v these factors rave hope tsat gus
satyegY inward movement % Drsces had
began Euf Thursdays reaefsan- Que 70
= better comprehension OF the AIosay De-
eE<son on the antitrust ia-. and TO real
lxfnx sales aasnes the hopes
TIE market continued firm on ihe gen
orally favorable outlook for business, as
reflected in the journals of The iron. boot
and snc~s ana dry goods trades and or tha
continued high average 81 railway earn
Tugs
year led 10 soErse apprehension % similar
results this year. Rat traftic returns FOR
the frss week IN November relieved ay-
er~Nersieys on shts score. FIFTY roads rs-
port an Increase IN she earnings cf Zg-s ffr
eens. but with one Enore business Cay taAs