The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-04-21
NEW YORK Markets
Thc stoek E.chanxr.

NEW YORK. April so.--The New York
stock market offered firm resistance ali
dsy TO the depression which was reflect
ed upon IL from every other exchange In
the world its declines at no time reaching
more than a fraction over point for active
stocks. In The final hour. after trading
on the foreign bourscr had been suspend
eel for the day, lively movement 10 bay
developed on the New York exchange
which wiped out practically ali the ear
Her losses and lifted the level OF prices
sharply above that Of last night The fina,
recovery was brought about hy the dis
setninatsnr OF a ruruor that the period al
lowed Spata for an answer 20 the ulti-
rlafam had been extended Till Monday VITA
a chance or settlement before that time
There were some evidences OF manipuia-
ton for the purpose Of making last prices
on the last sale \ broad view OF the
financial world shows that New York was
less affected by the crisis than any other
financial ceuter.
London parity. As n consequence there
was large arhItrege selling hars. OF inter
national stocks. New York prices show
Ing a fair profit over London nuestations
The depression in London and continental
hcHrssS was more due 20 the panic il,
Spanish fasirs than to any other one sassa
These securities feil a. IN London and a.
In Paris on forced POPULATIONS. due "a
financial difficulties In Franco and SY,a 4,
Whatever depression there was on the
New York exchange seemed 10 be sla,, "a
SYMPATHY VITA tsss depression in foreign
markets. New York absorbed the sssrer-
ings OF its OWE securities FOR foreign ar
count 1T prices above those prevailing
abroad. ard there was no heavy lauilla-
tion for local account,
IL ss "a be observed that American GO.
curities have held fairly steady as cam
pared with the marked weakness Of Syan-
ish securities. Ii Is also To BE- observed
that the weakness IN foreign markets *
dae In part to the desFness OF money, and
this In tara, =. caused rs pressure far
gold 10 rsinfofcc the American money
market.
The T'nstea States Ia still n heavy cred
iteF "a the weird and the continued With
sigsssi - these credits. while serving tO
foff3fy the tnans7fal fabric at hene j. a
sacsog ia the weakness OF foreign markets.
Doubtless a psrE of the seif.sg In New
York FOR foreign account * due to a. Cs-
fort to eS1sssigre extsting conditions. That
These offerings should tse 50 wei absorbed
- q demonstration 81 the sound financial
conditions existing IN This country. EVi-
dtncp 10 ,hv sArse effect - given in the
eaSa % cVall rrosey. which loSn@d today at
per cest.. although lime money eontin-
Geo 20 D. firmly hssa az per cent
: IL Still f2gSasT significant or the same
caassiSn sAas tAe stfangency 81 money
abroad ssssNsd have resulted ~ declines In
wasle United States feass OF 1876 showed
gain today % la for the registered and
IA per issHt- Ter the coupons
Considering The contrast in money mar
SUE rsaafittssllS between New York ard kca-
sssFe&n csaRsf@. u - rot strange that the
days snssgeas-ats - gold for IMPORT wrr.a
very sgasA. That further inpoRtasscns of
SEQ avail; the reeds o. the local ,Ysorey
market IS. however. asissssss
The bond nsArxeS was slightly mere
active aae after early weakness showed
spssse reS,evsFy. TIE total sales were 8, $50
Money sad Exchange.
Money On eAa was steady az ga yer
cent. last lean. per cent, Prime nser-