The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-10-24
NEW YORK MARKETS.


NEW YORK Oct a2-The stock mar
ket again showed itself indepa adent of
the depression In London and Europe, ex-
cept at the opening, when a few Of the
international stocks were allowed 20 fall
below the London parity. The selling OF
stocks on foreign account made up con-
siderable proportion OF the days business
and WIS we'll absorbed at adva nc.3g
prices TIE bucyancy of the wheat mar
ket made the grain carrying roads prom
.nert In the upward movement The buy
ing Of Atchison securities. particularly the
preferred. again occupying a conspicuous
place. But the stocks of all the western
roads were we'll bought and advanced in
prices. Sugar ended its downward course
very early ard closed near the top with
4 net gan Of nc, the underlying strength
man. fest in the market making the bears
'iTnsi about lsav az short contracts an
covered over Sunday. Tobacco also was
marked up 10 i22As. with every evidence OF
N.o4snt mar pUiat.0n and the shorts were
driven tn cover heavily AZ every stage Of
the advances. even thr C0alers show ng
The effects Of the tacef'tsta temper dcYe.-
oped ~ The bears ana made reCoYeries on
short offerings. The bank statement was
last about AS expected ard had little ef-
FEC; one way or the other the gain in
cash had been IN imported gold and by
oItGo from the su5-tre skuTy ard the
heavy Increase IN loans ef over sIo.e1l go
represents for the most part loans OF ster-
ing exchange. which Is an clement N the
tendency OF the leno.gg az money. TIE
increase 81 d. posts from this source ex-
p&nded tae reserve require ne hts 20 far
raise the surplus by s. 1919. Business
= both stocks ard ton9s was well dis
r bated and active and me market show
Il decided tendency 10 broaden oU,. The
amount 0t bSss ness done @as iagEsr tAsla
for any half day for some s.lne-
Tie market has shown growing strength
art week advanced aG3
has fairly shaken or the !s1harsy
even .t.. -, y favorable factors
la the situation has seemed poweriess 10
awaken * frosn.
have given q str knE dsFn9n~tra'ion OK
me strength 81 sh-s Country hnarcsaI po-
sfton and rs power ia treat %Ii1 .8d-'feT-
eGce the cid wur9s deSelopMe n,s.
There has been nothing in me domestic
situation which has caused more doubts
20 hnaHc!srs than the low Fir-ce n pTos-
pest fer whsA. when the crop, tsulpegafs
> aese 3ssek Should come f9T~Ai8 !fut
jh.s Nefk mas seen the cT1s Coming fog
ward n unprecedented volume Aet -
keen hss been he foreign demand Ter car
product that th@ largely augmented pm
mary naeverFser. has made hot little in
preston On rhe visible supply Even the
Keen. 90 4t-ns tnst tas sReeglng eat or
Iae world ; reserves hy lsa' ssars htsa
prices had evidently aefs Tai1 W1-cA oar
unpr-. e3ented crop vas Eessfisd 10 81
The later news Z TIE military @T@c Ia a.
preparations II France ard isI- I'd Today
resulted IN a fsves5<a demand Tor wheat.
which X rsA.ilfAIne<,- s~Ais1 ssaSAA rs a. a.
c4}sb,e advantage 20 IBIS COUNTY. s&Fe%G.
.nrisne9 ~ sast years eetT&lfuI harvest
81 hskh prices Tss prosperity e the west-
err eoanEr} fFon ta-s es~ss Is c@f.-. 2SsFs-
~ 4.rgs1ysS,rated rs he iaEzS western
NOV eaasli AZ ase-caAr0zsc. @a-ch earned
IN. ea-azEs % western railroads NeI
asaye .ast yrars level sxsE before tao
resumption az gh@ grain movement
TIE weak recovery "a Stocks k5Escsby
began therefore. among the western
tasFsinE r4A3S &n1 Gp.Nx - Eddy uaa5
cauzss Atca4xsss. prase~-ss1 .aek & lead
~ place ~ the movement TIE money
markets have SHOWN themselves equally