The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-02-11
Mining Stack..
NEW YORK MARKETS.


NEW YORK. Feb i0.-The stock market
solunued within the same narrow limits
s943y mat have characterized II for some
time past, the trading being aius1st yrhoIIS,
conlned 70 the industrlals with Fttls
cF1cahce or any demand or inquiry nfher-
use than oy the room traders seeking A
80 haaTg1n OF pToTlt in manipulation
q the stocks Sugar dominated the mar
set Tor miscellaneous securities. Sympa-
.nsssicdLiy, owing TO the large volume Of
FaGing IN that stock but railway shares
though the transactions il them yvsr,. az
snlau account, showed a disposition 10
move Independently OF the overshadow-
IN ing lsl.s trlals- The bear attack on the
anoustF4als Was resumed with the opening
e the session with renewed xigor. and
Iley succeeded in depressing sugar "a
Iooaeco Ia and Leather preferred per
cent. Inc railway list was well sustain
ed by late adviCes OF A strong and higher
market for American securities abroad
N consequence OF an Improvement in the
poitlcaI outlook. The very favora bic fraf-
nc statement OF $. Paul for the first weef,
n FEBRUARY, showing an increase of
Se.-sS. also helped prices OF railways. nota-
by or the grangers. There were some
foreign sales OF the stock but IL was well
sustained throughout and closed unchaug-
ed. Illinois Steel was a prominent feature
N the days business. and the price moved
wildly, according 20 the tenor of the adj
vices from the annual meeting In prog
ress al Chicago. The alleged unsatisfac-
tory situation OF the steel trade gener-
ally also afforded a pretext to successfully
attack Colorado Fuel. which was depress-
ed IA per cent The price OF Sugar rail-
lied in the final hour Ia. 10 112S. on re-
ported advance in the price OF the prod
uct and on extensive covering by the
large short interest The closing was
sluggish but steady.
The bond market continues to maintain
a decided undertone of strength, despite
the weakness apparent az the time IN the
share speculation. The heavy absorption
Of the principal lines for foreign inter-
ests encourages a better demand for To-
cal investment interests, which Is reflect
ed in A generally higher market Some
weak spots are disclosed through spe-
cinc Developments, but changes mainly
are in the direction OF improvement. The
announcement that the Union Pacific
sinking fund committee had accepted the
notifications I'm the uian which embraces
an exchange OF bonds for IS per cent. in
the new Is and 100 per cent. in the new
preferred stock. instituted a good INQUIRY
for the mortgages. which rose 2 per cent
Sales were s., 0c2. 600 Among the note
worthy advances was Utah Southern ex-
tension IS trust receipts. per cent. The
declines included Fort Worth & Rio
Grande lists. ? per cent.
The government bond market was firm.
but offerings with a lower tendency. the
glut OF money at this center showing a
are being largely taken by banking insti-
tutions. Sales We're $4,000
Money and Exchange.
last loan. Ia per cent; closed at 1i4H2 per
cent: prime mercantile paper 3n4 per
cent: sterling exchange. firm, with actual
business in bankers bills at 81 S6is6i4 S674
for demand and siAS4 for sixty days:
posted rates. $4S5iz fo- demand and S4sTis
81 Sl5; silver certificates, 6is.d654c; bar
silver csc,