The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-08-24

Ne" 1ORk. aug. Ea.--IAers Was roth
lag IN tae general situation. either ia TIE
sor q reaction in stocks today The mar
ksf Sas Simply oyegfa0gaz and xas sup
Itct 10 process Of testing which. whether
Sssssssssa 20 60 So Or noi. Inevitably re-
aIs4SsS prices 20 tie tue basis ~ value.
iesseTdsys heavy psosi<- taking Oh .ss
par OF some Of the powerful interests wlo
haa seen buying stocks under the impress
stssfa that they ~ossAs advance lii prices led
IN. way naturally In tls!ay's demand IL
tssNafne esiseDs az the opening that the
ssFoiss support fer the leaders had tsssl
wltnarawh. In The Graagexs even the CIT
sals o4yInS Which has 50 eagerly absart bed
these stocks fer some sinae past showed
marked dsmssl4tioss. There we're esssa sell
IT'S orders Ia The commission hoases ior
odsS}2e acco&Dt, thus showing thai d iargc
pars OF the rscslas pubic interest has eeeI
Tor speculative account.
but the outside Spectators sasiesi TO
snow the assfesssve confidence in their
noioings recently manifested by the power
iui BIZ. csAasie. Nea;her had lhey the cous-
bined resources al their command TO come
III Ard support stocks en- the declining
market. Tie weakness of the hagis into
which large amounts Of the tsrang.rs had
sasien was made ey!sieas by the heavy stop
loss orders waiSh Mere uncovered by the
decline OF from IA. TO Ia in the Changers
al midday. Bat the torrent of offerings
AT the low Eaans fell 10 interests that were
waiting and willta9. and which effected .
substantial rally on cosnpaf ALVEY light
=
The railroad list generally moved In SYM
patty With the Changers. the break in
them putting an end for the time being
10 the strong upward movement watch had
set IN OF, soslie OF The lev priced southern
and Western railway shares. The cary
weakness was accumulated by the persist
ent sagging OF Manhattan, which has
fallen about points on the day. Brooklyn
Transit was also under severe pressure,
and Consolidated Gas ard soufe OF the
ether saeeialties suffered from MsthdrAaai
OF support. The early weakness OF pso-
probably reelected passing phases u eff
forts TO adjust business dispute.
Metropolitan Street Railway rose al che
time points without any news to account
for the movement. Rio Grands Western,
Northwestern and a number az other stocks
gave evidence Of special strength In face
of the general tendency of the market.
The days net declines are mos. small. hut
the greater part of the days business was
done at prices materially lower than yes
fetdays closing.
The disrsosition to take profits was also
manifested In tha bond market, where
price changes were irregular on de-
creased volume Of business. Total sales,
S.4l5.90. United States Is and the cd
Is registered declired 4. AMI the other
Is coupon advaae~d !. In the bid price.
Money and Exchange.
Money on call. 1is9a per cent last loan,
Ia per cent; prime mercantile paper, ga
Wfs per cent Sterling exchange hrm@r.
with actual business IN bankers bills at
IN for sixty days posted rates. 81 SIG
SiS3ieM4S Silver certificates 81. Gia.s.c.
Bar silver. 6exc. Mexican dollars. isasc.
Government bonds irregular. State bonds
irregular. Railroad bonds steady.