The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-09-24

rens that great hank had engaged s. ese :
- = geo n France for import 60 this
= - - making total engagement %
s-.sssS1 geld due 20 arrive. Receipts -
god reported from San Francisco a.
! sFFIsfng there from Australia helped ths
,seossry. Ias acton OF the Bank es Erg-
Ia ana "a advancing Is rate Of discount I %
Per cent. was anticipated II view OF
the cOatsanza deplss,or az ifs xoiS hold
.-zs ara the strain OF yesterdays with
orawai for shipment 20 this country. Yes
tsFa4y prices had stimulated the placing
q sons Outside orders with commission
honses ana their expectation was tha
s,rolg sscsor during ths forenoon Tire
tlengA Of Sugar. which rose nearly four
IosnS On the reported intention o. the
treasury department 10 apply the counter
EalAng duty On Dutch refined sugars.
htlp@o along the rise. There was support
AFFORDED the uaket al through by heavy
Soylng OF some u the bGll operators. who
nave been conspicuous In the recent rise.
ne effect Of the gold import movement
was largely dfsSipated during .he day BY
skeplc1sm as 10 its natural character.
he exchange bankers who usually ham
die The movement Of gold. both import and
export were unanimous II The op4n-
loa thai, taking the ruling rata
sterling and eontsnsatal ex.
Paris. there Was 10 profit IN The inporta-
ton Of gold and the figures Of most of
them Ecald indicate quite heavy loss On
the operation.
Much curiosity was expressed as 70 the
Identity Of the clients for whom the banks
are making tbs Importation. and the opIn-
Ion was quite freely expressed that the
operation was designed entirely 10 fnnu-
ence the price of stocks. Tns failure Of
the exchange market 10 harden under the
announcement was quite noticeable.
Equally 30 was the continued nrmness OF
rates Tor call money. which became pretty
well established on the basis OF per cent.
As these conditions became mere clearly
oenned the upward movement o. prices pc.
came checked and there We're periods OF
Guinness. followed BY a steady decline 10
the close. the upward course OF the morn
ing being almost exactly relraced IN the
afternoon. 50 that the net changes for the
number Of cases. TIE advance OF the
morning ranged from 10 points. in near
ly all of the active shares. The losses,
whleh were numerous, were confined 10
fractions. except in a few cases Rumors
were disseminated late in the day that fur
Their engagements Of geld for Import had
been made but IL exercised no infiuencs on
the market. Dealings In bonds showed a
falling of in volume and prices moved In
sympathy with stocks. Sales were S. Soo,
Gu. United States new Is advanced y.
Bonds.
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