The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-11-08
NEW YORK MARKETS.



NEW YORK Nov. THE days market
undoubtedly reflected tha conviction Of op-
orators in securities that with election un-
ceramics out Of the way tae, strong con-
business will have their effects and prices
VIII advance. This conviction. 50 far as ii
has found reflection IN the market, was a.
most purely professional one for the
outside interest. seen by orders through
commission houses, was very mail. The
professional element showed 10 disposi ton
70 take profits pending the holiday, though
there has been sufficient rise IN the las,
TWO days 10 turn the balance o. operations
10 that side in any closing Up OF specula-
tive accounts. The opinion was rather on
proceeded in 4 very desultory manner dur
ing the early hours OF the day. although
the selling for foreign account. which Was
fairly liberal, was well absorbed and prices
on thu international stocks were firmly
sustained Southern Railway preferred
WAS conspicuous example. but As the
day wore on the market gained in activity
and strength and embraced an increasing
list OF stocks.
The contemplation Of the very heavy VOL
une OF bank exchanges and the enormous
ence on the bullish tendency as did the
continued favorable report OF railroad earn
lngS especially from the West and South.
Al increase o. 400 tons IN the east-bound
freight movement from Chicago was a fea-
ture. Handsome increases IN earnings
We're also shown by Southern Railway.
Northern Pacific and Great Northern. the
latter showing .s4l more earned for
October than last year The stocks which
are junior 10 the bonds which were IA
vorites in the heavy bond business today,
felt the advantage Of that movement.
Atchison preferred advancing over point.
Tobacco showed the largest activity anu
gained over two points. Metropolitan
Street Railway and Edison Illuminating OF
New York are up points or over on talk
OF advantages to the former from the use
OF its conduits for use in electric light
purposes. Notable movements were an ad-
vance Of points in American Express and
Ok points in Pullman. Northwest gaineS
nearly points and Lackawanna points.
There were dealings in ordered lots Of
quite a number Of high grade stocks. bu,
the most conspicuous movement OF the day
was in bonds. In this department; there
was enormous absorption Of the bonds IS
sued for the purpose Of reorganization OF
various companies and running from 50 to
100 years OF these the per cents were
the favorites and the Atch-son issues were
e fhs y,, the iea9ers gaming per 'en in
were individual blocks OF this bond sold
of par value of s1s5.0oo slosco and two
Of sloa.ooo The Union Pacific foqrs
Northern Pacific prior liens and Norfolk
& Western general The Erie prior liens,
which might be placed In the same class,
were heavier Marked strength ana actv-
i.y was shown also 10y the new Baltimore &
Ohio fours. when issued. and also by the
new Baltimore Il Ohio threes and hall.
Dealings in Southern consols iives continue
very large. There was a good demand as
well for many other bonds of the middle
grade extended in some cases 10 the purely
speculative issues Tota. sales. Sir. 7ao. 90
United States new fouys coupon and the
twos advanced u, and the old tours and
the new fours registered and the fives y
in the bid price.
Money and Exchange.
Money on call. l&d2 per cent; last loans,
2 per cent: prime mercantile paper, q
Il. per cent. Sterling exchange steady.
with actual business in bankers bills at
SiS52, So for demand, and at S4.S2i2G
4S2st for sixty days: posted rates, Sis3la
and 81 s6i4di4.s. commercial bills, sa.Sli1T
4So Silver certificates Soi.I6lAc Bar
silver. 6ps1c. Mexican dollars, 4fi4c. Gov
eminent bonds strong. State bonds strong.
Railroad bonds strong.