The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-12-24
NEW YORK MARKETS.
The STOCK Exchange.

NEW YORK, Dec. a3-The stock market
moved In an irregular fashion, but the
changes as a result Of the days operations
were fraetionaily In favor Of the advocates
Of the long account, u very unusual fh.ns
on the eve Of a Christmas holiday. The
activity and breadth OF the market were
well sustained. London was a buyer In the
early dealings, but later took profits on the
rise here. The action of the government
in calling for the H,ea.soe Of Union Pacific
which Is 10 be paid In 10 ger cent install
meats. failed 10 cause a ripple In the money
msTket.
was on tremendous vo.ume Of business
and both common and preferred rose very
sharply. but Ia the afternoon on free hq-
Gsssag.ens and the Withdrawal of some OF
the usual support, the stocks broke had
Ire 10 a moderate reaction II other shares.
There WAS good buying. however. Of Fed
eral Steei on the dip and This steadis3 the
general list. Sugar. Leather. Tobacco and
American Steel and wire showed consider
able strength. Rumor had Il that there
would De favorable developments ann0anc-
81 IN Brooklyn Rassi3 Transit before Tues
day and the stock rose two points. bat did
moi held the ex,rens -ssse The closing WAS
iT re rs,rke, ,h,stxeek ecs,,n.e, IN ar al.
most uninterrupted fneyemsAr upward al
though there acre sally nome tS cs de-
pfesS@ea. The movement IN general way
verified the street proyera AS xa govern
merits 50 goes ika market The upward
trend IN ths government Mortgages result
I'll ~ earrs rsr0sI prizes and the general
market for stocks and bonds was likewise
ssroag
I've ether street raaxsns were noe bcrne
uss by the course Of quotations London
ea&sly prices are usually an Index TO the
;seeI ~ the market :aeAfly. ana TO cop
per EsarsfonsS trSiss'T has Get been regard
e.s as the part Of wisdom. Tnen, too. sas
ps4Aair was content % satoy Christmas hoi-
tdsys without realizing paper profits and
the "reaetIen before the re2ldays'' which
Is according 10 prscvsiesss. failed 70 mater
sassse.
s.nE3lt;tsu$ perusating The financial tar
rssss eortsnae wonderfully favorable To tbs
n&+los- Hssssgflgss ercge sssi ahxnai at re-
usunesat tive and steadily Increasing prices.
While gse great lrca ard ssask Industries ara
getting a grip on the .0rs3s market. TIE
congestion 90 sarT.Ez gassssAf Sse II Amer
ss& enormous trade balance explains trs
lmsss' merit 81 srssaa sTSasassn as~s IN tss-
r18HttaS SSgst<G commercial hs3is which
must be paid ~ gas4 ST sn securities ams@ss
shs castra States assume. the rol2 81
creditor rzsS1a aa3 gives ear 30 the re-
peSEes propositions 10 fssas sarc4gn govern
ssest soAEs Avre. The rwsura flow % gnass-
- gg<ssys tee Sswfh Ard wess j. atscays DIS
afsf ta~ hanks gained o. balance az 80
szA@ rvs sDrv.
The s~EwAy traffic reports continued
g~ss1fyszg and gsTs sssss-assslzs foundation
fer rise IN sore 3sres.sssas and s<exnsuc
20 warrant sfss laarn9gefSaa 80 ssany DOR
HAns securities 81 the speculative ard
@e<ass-zssVs%S "a ys8 hlscs S<nxs reactions
*Esa srFezsslssssv 5ss~ so rear tactics keps
2@zaxer nt = sso 8asdsa fnFafsa-. Toward
.A% ssn@s - tbs week sherr MAS d3SsrEess-
a@ssHz 10 Re shsrE over The .erss aSs.sxfaxs
aa4 sasfe Mas large purchases
ssssssenss declarations AZ shs week bat
TIERS MAS 70 aaaxzgn ezr~Ee the increase
IA rsex exux N fAe xtsavsr Preferred Dis
tnsrnAmAal TIA osae-eAnxusns nEaa1rs1a0