The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-10-09
NEW YORK Markets.
The stock Exchange.

NEW YORK. Oct s-The bulls were
apparently impressed With a belief. al me
the beginning IN force Of the import move
nnsEf SF gold would effect turn
In the market and send prices upward
again after the long sustained reaesAeft.
Their confidence was dissipated very soon
after noon. and the market became al
most hfeless- Business was % the agnt-
est possible description and fluctuations
were narrow. many prominent stocks be-
Ing entirely neglected. The total sales
for ths day fer al stocks were only -SA.Ss
shares The bears have apparently come
20 the end OF their campaign, and there
is 10 large buying contingent ready 10
take stocks even az the low level Ine
market seems, Ia fact, 10 have swung 10
q srandstiM.
The announcements made today Of gold
engaged for import foot up A total % Is
80 90. and % this amount ali bat sl.Se.eo7
comes from London. Today's engage
msns OF 81 51a.ea in Paris Is the nrst 20
come from thar city on the total move
ment which now foots up sN.i59.ee. ms
q entirely az variance with al the proph-
ecies made by the financial authorities.
who have foretold that London could
easily be able TO shift the demand Tor me
god from the United States upon Paris
London has apparently viewed Win
great equanim.ty the increasing demand
gland has gone on expanding lis loans in
face OF the tremendous strain upon IFS
god. and 10 change was made on Thurs
day in Is rate O DISCOUNT. lac epsA
NAMED steady up 20 today. when y has
declined slightly. and the same thing was
true in Paris IN response TO the gold en-
gagements. The effect IN the Market
whte /. was almost unappTeclable on the
stock market. was percepuble IN money
and exchange. Time money was disllnet-
iy easier. rates being lower at per cent
for sixty DAYS and up TO per cent Tor
four and six months. Actual rates %
sterling exchange advanced !. and posted
sJ.ov,, z, ssrr-rssr,s hank statement Is expected
20 show a less marked contraction OF
loans and a smaller falling on In deposits
TEAM has been the case for two weeks
past. a a result OF the demand for. cur
rency from the interior. This demand has
been less during the week, ard BANKS
have not been 20 the necessity OF c4lEaS
in 50 many loans 70 protect thelf re-
Dealings In the stock market were
largely confined 10 The Industrial stocks
and 10 the speeialties, and the net
changes though for the most part gains,
are small except in q few cases The bond
market SHOWS more NE than ne st3 49,
81 500 90. United states y registered ad-
vanesd q bid and the . registered the
Gold Imports.
Gold 10 the amount OF 81 IS. 90 has been
engaged in London. sleoo,oQ1 by Laden
burg. Thalman & Co, ana 5000 ~
Kuhn. Loeb s Co. ma king he total gold
imports since September / S,S5oee.
I4axard Freres have engaged N,5ee,oej
gold ia Paris for shipment en- Ia Gas
eogne ard $40 go go.d e Lohhdon Tor
gaged sD90oo gold In London for ship
merit on the Persia. This brings the total
movement Up TO Sola9,oo0 since ssptem-
Der -.
Money and Exchange.
Money on call easter at 2i4G3 per cent;
last loan. 4 per cent prime mercantile
paper. 4isq5 per cent Sterling exchange
tirTner, with actual business In bankers
bills al 81 s4lsEg4 s4@s for demand. and A.
81 Se1-eI4 so, for sixty days. posted rates,
81 Sss44 s3is: commercial bills, 81 =. Silver
certificates. s'z5.,c psr s,lysr 80.
arTner. state bonds dull. Railroad bonds
arm.
bonds.
Us. new 4s.reg .1sSistN J Cen. IS ...1l2s1
New As coup .l2fa North Car. Is in
Fours reg ...ItZis ours .... ..... 9aAs
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District SIS la&A4 Ner, * West 6s.i25
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Class n .-.....tf@ 4 90 - .---.-..lt'-4
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Atrbisoa Is -. s64lo $ /. Is. I rms.
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can pac lists. t1ges- Z ?. .... Al
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cen. Elec. Is ICES S. . Non-Fund =
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