The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-08-23

NEW YORK. Aug. l-Tbe dominant
tendency of today's stock market Was SIN
reackion8ry. Notwithstanding TIE fact that
the days trading resulted ia q fraction
ally higher average Of prices There was
q large falling OF IA he volume Of trad
Ing, and the rally Which brought prizes
w a. the close was on comparatively lisaE
purchases oy the short interest 10 cover
over sunday. There was no evidence Of
any reawakensng OF the large speculative
ingsFeSS wbica has carried the market for
considerably over a month, no enc stock
was sold 20 total amount As great as
$3.50 shares The total sales for ihe dag
were considerably less than hall the total
Of Saturday q week ago.
These conditions lea tGe market 10 =
large extent III the hands 81 professional
traders. whose main object was 10 uantpg-
late prices II their own ends. TIE crop
prospect was the prfncpai weapon u the
bears as u has been az seek. and. IN the
condition presented 81 the Withdrawal K
the bulls for the tine beiaE from TIE mar
ket. they were able to acnfeVe sharp de-
CzsWas Ia 3 H9FWaEg 60 active stocks fna
gFangers and the internaiionals heisg
prominent examples T0s rescEtoG IN tEa
stock market Waich aeg ia tate on Mon
DAY has continued practically without
abatement al tAe wecA Monday morn
snz looked iike continuation Of the eager
huVtng and continued rise Of prices which
had been Characteristic OK the market
during the previous week. Sat tt Was
ou1g tie working CT Of the orders which
had accumulated iu the hands % the COM
fnfsstcu houses over sunday. Is hen the@e
had been disposed ~ the market began %
faA ard ezch succeeding day. vita ere
exception. saw an average nef decline ID
re level 4 he market
The f.om.uai mcElve fer the decline was
the alleged damage 20 TIE corn CROP and
the disappointing yield developed ey ire
thresA!nE e tie spring wheat crap n
the NarthweSt- There are ether coadi-
tians 81 the market which account Ter
the daclines- some % ENc iarEest i-tsr-
esss iu ire market have realized enormous
pronts or the long sustained advances.
and soia cat on rhe cesef hat reaction
WAS normally due re psices even vita
all conditions RENAL '1frg favorable 20
values. There vas a feeling prevailing
81 an circles that spec'1la ter was taking
a ret-s less tore that hessea 10 good tor
re future II was fest THAT seeks were
sestrfrg ire weak hanes ard tEas sUch
4 state 81 aTa4Fs A1cuied an unstable
tssSGs to values ard tna b0l Interest -
Tired fer the time heinE perfectly witi-
49, 10 ses a reaction sal3cfesf . shake
cas- weakly usaFNtae1 holidays, whiCa
waefa improve 1As 1aNe ef are market
aaa Pat it en- moTs substantial bass.
A. fhe same strlS shore . kaewn tc 20
a. enormous speculative &NferHst in @erAt
eu tie BAH sae - the MARKET Aae ta-t
frat the dominant interest iof tiss tAtue
fu ave ztcek market IS the bear element.
ard ~ tire Erain uaerse' tae a9i4 ess-
usent sh8ul3 ~ considered 70 co11ect5aa
vs#th gre ready cre6eufe E.rca 20 t6e ra-
ports - reeaced crop yaei9
sfan b thls In TIE stock market was >
hardening ln rates 81 eXe5ss lsEe, a afca
sssr4sf last wees &C. he fast GatlGs g. tas
s-.s4 trrnoFf usasnf- l.ssg saturday pTedle-
5000 vtere frerCFrr thaE therc weHG e
ss.g.a s-ssss.srtS eE gold fcv tseeeTE Within q
NIX Tfe cEees 80 fae f4G ~ HNesaFse
seems se D. ase - nsa&'i sst,.at iFe Efforts en
fhs rarf - fnR Baak - Eanwla-s3 and -
f,rsaza ard German tlra1c1at lassita s2'-2
Tasa runf8nua3 tcw rates ter zao1ey % Ncu
80 esvsas 10 rsaEa essser ire e%a@ts q
ferslezeys &c defer tae aaW - gus8 e NJ
Nsrk As xtaeks savs bsgu oesEht ca tas
800 shat the ees8 1urerss S@re tz-ns-
yg~r u g. usturat thaE a eeN1z@ ~ Ire
Tsr.sr--es ss tllss reg27& ssc-sla q a. stt =
49, r,sa-TseszrN tes.1tH sac EE1t-3s
.>.~@ tAasss oEherw-tss CcIss-le1 - faeaF al
fre..rs.-,-sa rf sasi.es 81 T1fsee Az sa-
.e-~fx q eras gAag tzss5ress, o2t2 1rfrrarif =
aaR rr&slsscfzrErs ts srfAt4y lnRr1Te q
T{ar,rfs - rs5lruz& ezrasr1Es sses -slti1-
80 fsres Increase Fae erFznrss = tAs
..szsrs-srss 90 8re &a-stHe &m1 Its kw. II
1910 rfxes EtreuEtk &c fae eelssf =
- <rsffs.,st gaaraessr. ne EcrFo-Fs1tss =
ssarts fe sewer to-day tes@4 % '@s sans -
Nef - -. -. -
-aess was : marked G<eTeAas 4 ise Fs--