The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-05-31
new roRx nAxxxn



NEW YORK Nay H.-Taoss traders
who awaited thensezves Of so opportunity
hate yesss-1zY &c cover short contrasts Tor
ss.s .eay wee y 1ss = ss % e s:.r
this wsek has bsen sslrseient 3 ha,s = In IN.
vils1 more ex.ssssive proAs -t.ksag a. >
mtnimusn To-Day. and exercised no NAKED
eject On prices. shiss feid assady near
slsowed feeIisE N unrest over fhe gnsfl~
cations Of strength IN tire market and
nan.fesse1 fsear unwisiingness under shs
tracts ami next Tuesday. AZ watch time
tradIrg fz 70 bs fssunsed or the stock ex-
Several special faetorv served 10 encour-
age tee DIylug OF stocks bessSes the in
CREASED confidence felt IN the outlook for
business. Some 81 those who bought
speech delivered BY the secretary * ihs
treasury yesterday. especially his express
ston gf condolences that the tariff bill would
oroaA iniirnsfscn that some measure Of
currency reform would then ha put for
ward By fbe adnafnisssation-
Some bnysng for London account which
was a feature OF the earlier days 81 the
Ne@k. also added strength To the market.
The dealings WIRE remarkably wei dis
tributed. tn< number Of stocks whose
shares were =oid being mucn larger than
tor sosee time
The market fer stocks and bon1s has
been notably slrm and strong all week.
pressed al times The duiIne~s came at
times OF hezvfraess In the market, indtca:-
Ing the disposition ri holders to wait for
stocks was only interrupted by the fnfla-
eree OF special depressing causes from
ttfne 70 lime. such az the unexpected vol
week the break In the rubber shares on
account OF the retirement of President
Evans and the feeling Of distruss dis
RsIsiinors one aa9aal, ga ne ,rssr .sss
payments due June | on some Of thee COM
pary's bonds. These resctionary influences
proved inadequate 10 Overcome the en-
couragiHG factors ~ work and the result
has been bull market for the week.
The event to which Wall street attributes
the greater part % the improved condition
OF trade is the taking up Of the tariff bill
In The senate. the demonstrated intention
of all parties to iaterpcse no factious OPP
position 10 Its passage and the result
fcTs4ha6owed by the votes on committee
aEEendmHslfs that no time Is 10 be lost In
settling the whole matter. More or less
aiientian IL attracted by various statisti-
general business. accompanied by the ar
gslssens that the volume Of business f. at
present equal 70 that Ia some OF the most
prosperous years In the country's business.
bat AZ such extremely low prices as not 20
be evident In estimates OF transactions by
valuations The broadening Of business
an improving tendency In business condi-
lions The exceptions to the stocks which
chow gain on the weeks trading are very
few and those which have gained a point
or over make n long list
TIE bond market displayed fair degree
OF animation during the work. with a
marked tendency toward higher plane
apparent.
Governments ruled firm throughout on
moderate dealings.
money ana Exchange.
Money on call easy at iLniM per cent;
prime mercantile paper ss-a54 per cent:
sterling exchange. dali and steady. with
actua1 business IN bankers bills at AT
for demand. and 81 ssf1$ ~ for sixty DAYS;
posted rates, A.&s-ef<,s7 and =. ssff4 sssx:
commercial bills. t4Ms14. s5s.. bar silver
sgIsc: oliver certificates closed ct sp49
Imports and Exports.
The exports OF specie from the port Of
New York for the week amounted 10
81 s500o In gold and Sss4so4 In silver The
imports wer~. Gold. s&4 saT: silver 81 ass:
dry goods. $50; general merchandise.
$s.sis9&s