The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-01-17

ptiaelpit' TIA. prices 50 dowr much rno-s
@s@& az9a quickly EnA1 they 90 ca TIE
80 a.lac& was vigorous ara effective
SO margins ossag wiped ous n many
$3.50 eesaiEEx wsre ta-owu ever - sava
.stsseS thas aG3.sg 10 the weakness ok
szksIk ktass FEf e41 e4g}isr. Indicating the
sea 3 PoA1E Or E31@s 5eiagw last nights
$3.50 ngt tIas csver-zE movement reduced
~ leessfsSS N soEGs cases 10 fractions
Soay reaction IL the stock suarSet
activity earlier in he week whfrn vs.
Feg4Etea as giving good promise % tns
1sA@3- expected January t1arz IN prices
tIssy <nose stocks which scored extrsrsa
s1Irg left 20 show for e. Tire general level
81 tae market being decidedly lower than
= 80 Saturdays cicse. The GrmuesS with
WARN The market opened THURSDAY led
20 more IN the minds az the bulls that
,ne power fer evil 81 tie Cuban question
nse oe@n tested 20 the {uI hut the
y he striking strength displayed by the
nsnssrbflts. New York Central ana Lake
SncFs rising about four points each on re-
porss tiat new plans were IN contsupla-
cost and increased dividends on the
stocks. TIE amount OF the trading OF a
pTaef4c7l stationary market on Thurs
aaY. might have served as warning 81
lalniHg force been Withdrawn Il WAS
s5on obvious that heavy realizing was IN
progress ali through the week The spe-
Gal points OF vantage which the strength
OF the market had in the early week were
Northern Pacific and Union Pacific and
iss various affiliated aud connecting lines.
The soures OF this strength being the as
sarancs Of the continuance os Union Pa
elic, and the Union Pacific group $50
enjoyed the benefit Of ant!espat.oGs %
large klon9lke business n the spring
Another source OF strength to Northern
Pacific was tho decision of the Interstate
eommerce commission 10 continue the
suspension CT the long and short haul
clause IN cases where rates were III COM
petition with Canadian Nles-
Sugar was persistently weak. Its de-
cline had been attributed 70 the declared
purpose Of the directors 20 retain the sur
Plus for contingency, and professional
traders have taken a gloomy but uniform
view of what these contingencies might
be. The tendency of the Hawaiian treaty
in the senate Is unfsvora bic 10 Sugar. as
annexation would allow Hawaiian refined
sugar to come IN free. The Industrial list
generally has been heavy during Inc
week. feature has been she large BUY.
iag for investment account OF gilf-edgea
stocks. Today's hank statement indicates
that the expected replenlshment OF the
money market has been accomplished. ana
Insignificant weakening or foreign ex-
change indicates that the seasonabie out
go OF gold Is likely not 20 occur OF ac-
count or the heavy trade balance there
II cur favor.
The item Of loan expansions does not
irdicate A very active demand for money.
hut in the last few days offerings OF COM
mereiai aper were supposed 10 be in large
volume. Bidding for choice grades has
also been sufficiently active TO effect
lowering of rates.
The market for railway bonds has been
very active all week, and record prices
have been reported fer many grades. The
issues of the Union Pacific group have
been conspicuous and strong. showing
advances ranging up 10 S points Seattle.
Lake Shore & Eastern first trust receipts
rose nj one time - per cent, but lost
part OF the gain. Total sales, IS, 2ooooo.
United States Pa and the old IS coupon
are !. higher bid, and the new ~ .
higher.