The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-11-28
NEW YORK MARKETS



NEW YORK, Nov. 2s-Toiay's short ses-
sion OF the Stock Exchange was long
enough for several uncertainties to develop
and 10 reserve themselves again. SO that
the session. as a whole. continued Of the
same irregular and mixed character as
those OF the wloie week have been. The
strength OF Americans on the London mar
ket was nor sufficiently pronounced to at
feet the opening prices here and prices
were below the London parity even where
gains were shown. Ii was clear enough,
however, that there was continued good
demand for Union Pacific, and the ST
Louis & San Francisco preferred and
Northern Pacific recorded a recovery OF
part of yesterdays decline. There was
continued profit taking evident at other
points. and Manhattan suffered break of
is on published denials OF Vanderbilt
interest and Tobacco almost as much on
the threatened competition in cigarettes.
sions also In the Baltimore 4 Ohio stocks
and the Coalers showed no exhiiaration
over stories that the coal trade had been
fixed"
There was not much announcement n
bear operations in such market and when
cables were received that the Spanish gov
eminent had instructed its commissioners
70 siSn a treaty OF peace the market gen.
orally turned upwards and quickly reSny-
cred part Of all OF the earlier declines
The Atch-son's October statement hslned
that company's preferred stock and nv
sympathy the entire. list. The statement
showed a net increase OF sos 49, save, aut
OF the gross Increase IL was announced
incidentally that the reduction in operat-
ing expenses due 10 extraordinary expen9i-
lures for betterments would begin or De-
cetnber |. Good statements OF earnings ny
number OF other railroads helped the e.
CQVety. The hank stateuer, was rrusss
cred a strong one a first glance With fha
increase in surplus reserve though sthse~
Quent scrutiny Of the decrease IN the loan
item caused some modification OF this v,evc
and caused sc-se late reactions Rut no,
Until an active buying movement had de
yeloped AL through the list
mid-week holiday Is almost certain 70
break IN on the course OF market and "a
c1irta}i operations. excsp. such as are de-
signed - even up" contracts The past
week was TO exception and The movement
az prices has been highly Irregular al All
times and At intervals inciinlnE toward re
Yeactouary side The aggressive attitude
assumed hy The Northern Paeiac towards
the Oregon Navigation n Sta policy =, ex.
tend into disputed territory has hrough.
large blocks o. Northera Pacific stocks IA
TIRE market from the disgrnntied element
Fl the ownership. The banking Interest
" }ch seems - assume the task az main
tanning the prize ~ the stock IN the fact ~
THIS liquidation. Is also known - he Saaf,1v
Interested in the newly foa;ed FEDERAL
Steel Company.
Profit saksnx IN thu A,cAison securities
was 81 large scale ans there was some
ureasnRss felt early n the week over ire
cnfcoue az the Paris pace conference
which emphasized the inclination 10 sen
TIE strained relations among Northwestern
railroads ana me sncw<:orn served !, A.
veTt the buying s~rasrd - other quarters
The b7ad market has hsen active ara
bread during the week ard prices wftS
few except51ns are higher though .here
hiss been some .rrexuisritv n re rYeve-
nsert q: ;ircgs. United States s. couonr
nave advanced b '~@ oif as reg sS-e~ngs s-s
tse rev ID =. ami tAe - tie So she ola a.
oou@o- and RE - registered :. per cert. in
lr tse BID price
Money and Exchange
Money an call. e0@i4 pe- cent: last hans
- Ter cent. prime mercantile paper zs.E7
- ger eeat.
Sterling exeea@ge. steady. with ac.ual
business 81 hs1ker<' hills az 81 s4sss4s -
demand sra 81 lssGsss .ar - DAYS, g,,s+as
rates AS'e and s4ss. conms.cla, BIS
s. Sl54sl1s
silver cert ifea;es. siiac. bar sllve-. sa-.e:
Mexican dollars sss. C
Govern rssnt hanGs. steady, state N1rsx
Inactive. railroad hcnSs EASY
Weekly Bank statement.
frcreass- Decrease
SarTssss reserve s. .ssA.es ....-..-.
t-sSAs&% ..s.srs- Z, -. 49,
SYeStc ...s.s ss.sss.ss ss...s..s sfs1u9