The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-01-10
NEW YORK MARKETS.
anc9ai.

NEW YORK Jan. S--Tnsra was PEEL
: on a large scale today afrs- an agtdki9s.ai
advance IN prices Ia the earty trs2lsiLS-
That there sgio4ad he Ea<tas ot prof}Ls AFTER
the rise 81 tha Last tNo days was 20 De ex-
p%ctes. ard the professional dealers VG9
Bought stocks late on "Wednesday anu
Thursday sold tasir holdings q the most
active AID strongest tssGeS- q ne re.sEsIlnSs
was quite pronounced n is effect On SeN
+ y 0ga central ana sugar. = 81 -rs4. eel
more than i paint from the sfIgh hEsl az
I the morning. There vas evidence OF eon~
! ttnGed realizing also In the focal traction
companies. These stoeas have advanced
steadily al through tie dallness, and de-
preston OF the last few weeks, as Appar-
entity on pool operations and the geuera.
strength of the market Il being awaited or
/ 20 take prudts IN these. some or me
I Anthracite group also continued ansIer de-
/ preston during the day. notwithstanding
| the reacdorary tendency. the general tone
! CT speculation continued strong and con-
hdsnt, Business was on q large scale and
en- 9racsd q large number Of different lss-
sues. some OF the usually inactive stocks
, being brought INTO prominence oy sharp
| Realzing az the close reduced prices
/ considerably frora the best. and. il some
/ cases wiped cut an earlier gain. Inls
/ caused an easy closing. with net changes
+ mixed between gains and losses.
The expected has happened In the stock
market thss week In an outbreak % some
/ thing very Ike I furore CT speculation, ard
an upward rush % prices OF pretty nuca
all grades OF securities. There was a bait
/ n the anticipated Weakening on Monday
! and Tuesday AID some declines due "a sew
/ srai causes. bur primarily 10 dis2pro4ns-
j n1eTt At the continued stiffness az ths
( money market pending the anal payment
I Of the Union Pacific settlement. This III
{ volyed the withdrawal from the market o,
/ Sa.5,S, go. and is payment into tee tFsa3-
( urv. and this operation, together with ac-
+ c5lrnula tons Of funds Incident % regular
J January 6ls99llrsei nents Resulted n ra,Slng
/ the rate on money 10 per cent on Mon
daT. Py Wednesday afternoon tho funds
/ th2s disburssd began 20 come back into
{ the market fGr investment and the gov
ernnent's au4go n Interest ard re3sna a(toa
rad offset me Calon Pacific p ynaentz.
The declines n prices, Of stocks earlier
+ professional operators and commission
house brokers'. sc<iag far outside sqecgla-
ton and investors. began 70 We with each
ether n marking up prices. Todays bank
statement SHOWS 5he complete rehahIEta-
ton Ge The New YORK money market witch
has been Accomplished, not Only ~ the re
lease Of furds A. this renter. bat by 4
large irA8w ~ money from interior points,
{ invited bv fhe recent high rates for money.
81 Sic $50 - Eavs Fitted thu laval ~ tha
+ legal reserve by s. fe3 ri. re heavy cash
Increase Of 81 .sst.stS leaves The. surplus
5sha, 80, - more than last week Cor
fltions indeed promise sgch 3 p9enItude
GT money thaS Money lenders ~ee their
+ prospects frfarres. and tsera N taiE - re-
leasing 20 tas Eoverrruent Ia deposits
which we're EFT n he pa nks a. part 0k TIA
l. nl@n Ates1e s8.es THESE afG9anE .
By government bonds wanSs redemption
i already provided fo~ 50 that en- sur
( render ~o1j3 involve ssznpiy a bookkeep
+ Ing excbange-
Bus she taxing up u tns government Of
+ the lttat a01aIEt wouit nrooa by involve
( tg~ wEf1eca vfa3 ~ 8 sSsecient Sam y ths
Eucrey sraFks TO servo sulr.. efYecs3vngy -
steady rates 0f interest. Tfse hsxH rate far
fZ2Cney WIS reinforced 4 factor Of the
stock narkst G1T"sSg0sa. ~ tHe far~t8,l-
: sGEE expressed So I'D Sr9GllaEDc railroad
. Dres:1art% GA u o3Gay tett t4@re @ce.d 30
. a. there has o@@B none unless congress
would authorize usEJlkFe.