The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-02-22
Live stuck.
NEW YORK MARKETS.


NEW YORK, Feb. "a total Of "a eoo
shares for the transactions on the Stock
Exchange today tells the story OF the
rarroWness Of the Saturday half-holiday
market Was added 70 by the prospective
full holiday on Monday. The fact that
trading would ne suspended over two days
caused some Of the professional short IN
tereSfs 70 start 20 covering. IS proTis-
ion against possible contingencies In the
interval This movement was not extens-
i've nos long lived, h.1t II caused an up
ward tendency IN prices Northwestern
preferred being the only stock however.
In which the Improvement reached the d.
mansions Of point touching lSS The
weekly trade reports. which were for the
most part favora bic. and the strength IN
wheat, also had a sustaining influence on
the market. such reports Of railway
earnings as were at hand today were also,
for the most part. favorable. The cover
ing came 70 a stop however. and the sd-
vance in prices was checked In the last
one OF the causes % the check was the
publication OF the hank statement. which
shows an increase IN the reserve OF S.o@a-
* and decrease in the loans % 81 500
was generally regarded as uufavorahle.
The decrease In the loans IS looked upon
as being due 70 q contrast Win recent
large transactions. An increase OK caSh,
beth specie and legal tenders, OF x.l3t $50
s. shown and this is supposed 10 be due
for the most part - the receipts OF gold
from California. The tax upon cash in
cue or the tst % March. and the move
ment OF funds from California IS the con
sequence. some depression was reiiacfed
n this market from forelsn exchanges.
hroEffo continues. The market sacEed
under these combined influences - that
the carly gains we're almost all lost and
the market left OF heavy.
II rs a subject fer some surprise among
mary skilled observers that there has
been as vet no marked revival o. trading
and speculation IN stocks. The he bit Of
anticipation and discounting probable de-
velarrncrts on the Stock Exchange s. Wei
known. and that the outlook FOR business
81 good there = TO room FOR doubt. TIE
evidence of "a coming revival IL most con-
spiraouz in the iron and steel trade. as =
consequence Of the dissolution q the - eel
raa pool. the reduction e price and the
enormous contracts which have reea
made as q consequence. The demand for
raw material thus created. the employ
rnert assured % labor and the impetus
given - al branches % the iron trade
are confidently counted upon 70 hein on
the Industrial revival The iron interest is
- enormous suc St. rernihcatiors 80 re-
mote that its prosperity cannot fail 20
I've marked eYert on the whole bust
ness OF the country. TIE Un8@rtoue Z
frureSs on the Sock Exchange. as "A -
sulf % these conditions. - clear even -
. market sEtr5cfSd - t1e narrowesf pro-
feraiorsi limits. Railroad properties. a.
though some % thern begin 20 show some
earnings are very tzr from feeling any
Effr1E III EgHFN LlAE Asss-i <
IN business some bersfit has accrued
from tire chea press % steel rails. hut ths
p-oars present and Immediately prospect
I've % most - ilwzy properties are or an
errorrnusly reduced basis and fears q
reduced or a lacking dividend arr preva-
iens Among the Shareholders OF a great
many properties
Tvha bond market during the we~k re-
,s,ors3nH readily 20 = variety o. rcFabie
fartors. raising the value o. s nam Der %
5sx7aeS Government bonds ruled very act
I've and NfgAer On 81 demand by loc&1 and
foreign investment interests
Money and Exchange.
Money on CAL. easy a. Ts4Ef% 30 cent
prime mercantile paper. 2s@ per cent.
SeerElrE exchange. steady. VIII zct1al
s,ssxfr,esss N banker hslls 50 AEw<ss+s
f3r demand and s. ssgfS 50 for - DAYS
Te,~fe.8 rates s. S5s@s34S IS ard ;+&. corr
Tua-clal bllls 81 s9tt. silver certificates.
ga e 20 sac
The Gold Reserve.
rrossxvsn statement - 80 canditier q
tAe treasury ssow-s- AvZ1lao3e cal@5 raj
area ga sas 81. gold reserve s&ssrt.s 80
Imports and ExpoFts-
-ryba axpa~es CT speeta from ire pcsI -
- vr~k Cor fne weak arcoGntsc % A4l-
- s, sd Sua $ Ga 20 In silver Toe sn1-
,--ss r-arg. Cola 81 SO silver 49,
- gcoss 8 ~ -. gsus-sl Eslssrcaaz 8ase.
s. GS1 1Is
weekly Hank Statement.
Decrease. ICcrs2se-