The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-12-12
NEW YORK MARKETS.
The stock Exchange.

NEW YORK. Dec. 10-The stock market
was booming today on enormous transac-
tons for the shorts. and soon many nigh
record PRICES were exceeded for the current
upward movement. London followed AM
erica's upward lead of yesterday and was
buoyant on 81. Pauls excellent statement
for the first week In December. Large In
terests were again aggressive buyers local.
~ and had quite a following of commission
house support. Immense blocks OF stocks
exchanged hands, with abundant purchas-
ing orders TO care for realizing sales. After
a hesitatiug movement, activity and
strength became general again and STAN
dard stocks were wei maintained. All the
grangers advanced from slight fraction 10
over a point. the latter In St Paul Heavy
purchasing orders We're placed over night
in Southern Pacific 20 buy at the opening.
Prominent interests In the stock endeav-
ored to open II up as high as possible and
the ticker recorded simultaneously sales OF
1900 shares from - down to a. Yester-
days closing price was ass. The stock be-
trayed little feature after the first Hurry.
but continued to be actively traded In and
closed well up TO the top. Among the in
duStrlals General Electric. Sugar, Tobacco.
Rubber Federal Steel preferred and Edison
Illuminating were the features ana gained
a point or more.
The rise In Edison Illuminating amounted
20 points and each in General Electric
ara Rubber preferred.
The Atchisons. too. were consnscuously
strong The market closed at the best with
a whiyl Of buIiish enthusiasm.
For the week stocks almost without ex-
cepfton rose. IA scns eases the gains being
very large. establishing new high records
in the present movement. The ranippia-
ton OF high-price speciaities far rise was
often much in evidence.
Higher prices which failed were some
time I'm responding 20 the upward tendency.
but later Joined fully with the general trend
Of prices. Early IN the week telegraph and
cable communication partly interrupted by
the storm. somewhat restricted business,
though the volume Of which later became
enormous. Traders interpreted the presi-
dents message rs not hslng q bull aTg,l-
rnent bait IT'S better reception abroad
ihwarted their efforts al depressing prices.
There was much in the general situation
having favorable bearing on the market
conditions November gross earnings were
In excess cs per cent. over last year: ex-
ports too surpassed the phenomenal rec
ord Of last year ard hank elearings were
next TO record figures.
TAen, TOO. that so-csiied barometer OF
business conditions. the iron ard steel
trade was active At advanced prices.
The monetary situation con tnue3 easy
and.fhere was little 20 the market. Tobacco
and Sugar were boosted considerably. one
stock serving as well as another for she
PURPOSE Metropoisfas's Increase In dsvi-
nerS rate 10 per cent waz accompanied
by another high record for that specially.
Missouri Pacific received seaport on thu
announcement fhat iss floating indebted
ness had been paid CT
s.yisy during the week With the eonsinp-
sncs OF the dealings in speculative ard
middle urafe lSSns4. Considerable ssrengt \
vas unaffected fhr3uzhess. with the net
improvements material IN some cases.
United States old Il registered advanced =