The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-04-04

nigh. itself be a symptom This uncer-
tain STATE % mind would naturally hsget
tons outstanding. As most of the existing
contracts on the exchange are based on
sheri sales OF stocks. the uncertainty
found expression IN buying 70 cover. The
humidity Of the sher-s was founded on
their very severe experience last Monday.
They saw powerful support offered to stem
The analogy was 20 close to the course OF
Things last SATURDAY. that 81 had an un-
settling effect. Inportan, commission bfsi-
ness with Washington was the instrument
used for much OF the buying. This gave
the appearance. whether well founded or
only designed. 10 Sem 50, and orders to
buy stock possihlv on Information Obtained
II Washington on some favorable turn In
the prospect OF affairs.
This DEVELOPMENT of maneuver was not
Ioss upon the hears. II il not improbable
also that some OF The buying was due 10
that class OF investors who come into the
markets TO buy stocks at low range or
come.
London was buver - some extent here.
In spite Of the significant weakness of
Spanish fours on the foreign exchanges.
i ts evident that foreign exchanges look
tn New York for initia.iva for the pres
emit II seems remarkable that there should
be a sharn net advance in the price OF Sc
curities on the stock exchange IN the week
which witnessed the publication of the
rsnos. of the Maine hoard of INQUIRY and
the appsren. abandonment of diplomatic
negotiations looking TO the preservation of
peace with Snain
The fact Is that prices are from TO
points higher in all the principal stocks
that make III the bul,- of the business on
the stock exchange This was due in mart
u technical conditions in the market
When the bears atsemnted 10 take. their
rrnfffS on Monday nv sfuving stocks at
the low level induced ny the presen.s.'nr
~ the Maine board report. they fonnt
themselves forestaliesf hy a powerful bull
clique who had secured large part Of
the available floating stocks. NOT for years
has there been 50 sudden an advance in
prices as in Mondays bear panic. The
bulge In nrices seemed 70 have been de-
signed originally ny some Of the large bear
cre-ators themselves with the nurpose of
lowing by fcrcinr them 10 cover their cen
tracts and thus Leave the way open for
further decline The big hears were salp-
posed To have been caught m their own
trap and il was generally believed MONDAY
night that the short interests had been
practically eliminated from the markets.
Later DEVELOPMENTS especially on Wednes-
6av showed that there was a large out
standing short interest and the belief pre-
vailed at the end Of the week thar this
short interest was st'll large. The persist
ent sensitiveness of the market TO the
r'ent of the Cuban question. goes to con-
firm the belief
The demands Of New York from other do
mestic center for money showed a marked
increase and the losses in currency In the
latter part OF the week are apparently not
adequately reflected In The hanks returns.
Those losses are shown 10 be more IMAM
Offset hv REGENTS cf ir.arorted eoeria
Blu, the calling of loans YESTERDAY arr
the marking I'D of cal, loans to Der cent
Indicated that the hanks are dispcSed to
take measures to strengthen themselves