The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-11-06
aEw YORK MARKETS.



ny 50 much the losses which would other
wise be shown By the days trading. But
fhls recovery At the close WAS on a great
IL diminished volume Of business and was
apparently affected % the temporary
withholding Of lIquidaLing offerings. as
was dome once or tSice previously during
the day. only 10 be succeeded by renewed
liquidation and decline.
There IL no doubt that the motive OF
large part Of the selling Was the belief that
the relations between the United States
and Spain we're drifting toward an open
rupture. THIS has been a bear argument
for some time n the stock market. and
has been quite effective IL depressing
prices whenever anything that could be
construed as corro5Orative evidence was
offered. Apprehenssons on this score re-
ceiVed a potential stimulus from the ac-
ton OF the New York Chamber OF Com
merce yesterday IN appealing for an tn
crease IN the artillery force Of the United
States army as necessary for the ade-
quatc protection OF New York and the
proper operation OF its har5or defenseS.
The published expressions from the late
United states minister 10 Spain, discles-
Ing the character OF the diplomatic rcla-
ti0as between the two countries, and his
oulspoken advocacy Of intervention by the
United States Ia Cuban affairs intensified
the sentiment Of apprehension among Sc
euriry-holders the near approach of the
converting OF congress and the belief that
this event will crystalline the govern
ments policy toward Spain. made the
prospect more vivid TO the trades eyes.
Some continued apprehension regarding
the health or the president of the sugar
combine made that stock particularly
weak. This combination OF factors vas
conclusive ia inducing many large holders
of securities to unload. under the conyic-
ton that no immediate recovery In prices
OF any large dimensions Is likely 10 occur.
There Was a food OF selling orders and
very little disposition In any quarter TO
buy As a result enormous blocks OF
stocks were allowed 70 go for almost any
price they would bring. In the nrst rush
Of liquidation prices were forced down
very widely before elicitlng any buying
The extreme decline Ia Consolidated Gas
reached points, in Sugar IN, In Lake
Erie Western preferred 81. ditto COM
mon 4. and in Manhattan Is. There was
scarcely any active stock on the list that
did not recede al least points below last
nights level. There was a rush TO sell
bonds as well. and losses Of between l and
points were frequent all through the
list
The fact that liquidation was not precip-
ltatsd at the opening Was due 10 the fact
that London prices OF American securities
advanced slightly. TIE enormous inter-
ests at that money center are usually
well Informed IN international affairs. that
the absence Of apprehension there had the
effect of steadying prices here momen-
tarily. The fact was not lost sight of,
either. that there was buying for London
account In this market at almost all stages
of the decline. After the opening prices
there was nothing 70 account for the
hardening but the covering of shorts.
1
bonds, the feature OF that market was the
strength OF Kansas Pacific consols. which
recovered IL per cent. from yesterdays
price. The days sales were s2.o75.oo0.
United States bonds declined A@Ss for
all issues.
Money and Exchange.
Money on call. easy at iikd2 per cent.
last loan per cent: closed li542 per
cent, prime mercantile paper. 3%aG4i2 per
h4fe IN Ia sfixs Al
for demand and 81 S2isui-S24 for sixty
days posted rates. s.. sSiz for demand
and s4ssfIl ssis for sixty days: commercial
bills. Asi&, silver certificates. 5IA059c;
bar silver 57lsc; Mexican dollars. 44isc.
Government bonds weak. state bonds.
duh: railroad bonds weak.
bonds.
Us new 4s.reg. l27ts y. ]. Cen. IS .fi2
New II. coup. l2l7 North Car. SIS ..1s2
Fours, reg ....lls%i Fours =. .......l02
Fours, coup ..ll9A Nor. Pac. lists lis
rwos, reg -. W. Ihrees ..,... ~
fives. reg ....ufi2l Fours 49,. $50. 9oit
Elves, coup ..il4is Nf.C. AZ ST l.. As i03ss
District 65s .,,l09is Nor. & West $500
Ala,-Class A los y. w. Consols .i4s
Glass u lies Deb. IS ........1i5
Class 6 .......ioo or, Nav. lists ..iiils
Atchlson Is -. Sssslo 5. L. S.. I. r. lie
Adj Is ........ 2is Elves. {. r.. 20
Can. So. Eds LII or, I'm. lists -. 1021a
Can. Pac. lists - Elves. Z r IS
chi Terminal =. 4g9s Pac S OF IS -. l62i4
Sher . qhia as ss.i ms Bea q Is So
- r. ~ ~ = - - y - W ISIS -. -
FS ~ - u g ~ = "a = SIS g -, :,
East Fr;d G Tenn lists lsas 5, g. :, Pau Con D
= 49, - -. - - A.AStS.lIs
81 Asss't-'. , =, ~ - 80; -. -Ilo
Vt, AsaSc' = - -, aNo.i-f ui4o' =
Seconds .... -.l0es. Stand. r. & T SIS 81
~ - * i: Ell 'S- ,ss r en- new SCI - vs.
oi'' - '.-'''''is9 <. 4 - lsts. sol-
Iowa G lists So. s1iS Reg. IDS ....... 81.
n; !. Crn |. r mon Pac- lists Jog
Nf.t~t ol1. lily W u G-ists t5st
"a NSW Son - Wap. ~ Is .-'.-1geis
=, ~ y, w. " - - onds .... %
F'amye ~ TSsfe-.es ie9 - ..
y y. Cen Isis. us 49,
stocks-RsIiroads.
A,rhfscr ret.lC-hf IA a
preferred se,s Preferrea - *
Bait. - Onto l2AfN ! Central &c ST.
Canada South hsA \. Y G. q -. l. IS
Central Pac ..-- q ist preferred . =
Chas. & ohio 9iir ID preferred q. si%
chi & Alton .-.iel Nor. West ...... Is
thl. L. \ q eco ~ North Am Co.
thi * T.. III 80 - Nor Fac --...... 1875
g. g.. g. q - s-'s Preferred b.. N''a
Preferred - EOnt. & West -. f&'s
pei q rug -.-- ..e'e or BAL y Nav
llft-. ! " .-l.4 or. short Line IA
b-n 9 x e. b.. l,+ EittshurS LIS
IfeteFIeI So leading --.. ---- 3t1s
lst preferred 81 ST l. & 5 F. =.
FCrt Wayne lns Preferred e. o. g
CT Nor. pre- ..-lW - Paul ........ ~
Nocklng al --- - Preferred ..iSs
,ihgQ's - .-.-la - Paul y On s5A
Il -. -. = - 80 = :,
lake Srors f-n south pa 81
1e'9is = N,sN ~ s., 49,, '''-'
Wanhattan 4. eSsst Preferred 81,
Ma A ST. lr In p n !