The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-05-06
NEW YORK MARKETS.
The stock Exchange.

NEW YORK, May 6-protesslonal oper-
ators all turned bulls today. after brief
period OF doubt and hesitaney after the
ter OF fact, they were forced into this po-
s.tien by the temper Of the outside public.
manifested BY their disposition to come in
70 the market and buy stocks In large
blocks at the market price The profess
SIGNAL operators were made somewhat
wary by the failure Of the London market
20 show any independent interest In Amer
was taking !: holiday. The same elements
were apparently rather Suspicious of :he
advance In London before the opening hour
this morning, and were disposed 10 attrib-
ute II to manipulation frons this side
Prices here failed TO respond Al the opening
10 the London advance. and ruled below
the London parity for q considerable time.
The market was full OF outside buying
orders. and business WAS on a large scale
but had = very heavy burden Of profit
taking sales TO carry, and the small OPEN
lns gam, rs were are y largs part wiped out
failed To impair the confidence in London.
where Americans continued very active
and strong. The buying here tor arbitrage
ali the international stocks and turned the
scale 10 the bull side Large operators
who had taken profits on Tuesday and this
morning impeliea hy apprehension that
the rise was progressing too fast. felt re-
newed confidence on account OF the sup
port accorded 10 i.andGn and the outside
public, and turned buyers OF stocks again
The market presented all the Characters
tics Of the rampant bull spirit From Time
10 time the general strength was taken aa-
vantage OF for heavy profit taking In spe-
cal stocks Al other times when there was
a disposition fer business 10 langussh in-
dtsidual stocks were pushed vigorously
upward, for the purpose OF sustaining the
general market
Rock Island was tire center of interest
"a the railroad list, and was lifted. a.,
points, 20 parity villa 81. Paul Sugar
was sAFioosay active ana very volatile all
dAy. covering al extreme range az a.
points. ard gaining IS points get The
large ma iority 81 stocks traded i'm are at
least point higher, ami net gafgs range
from that up - points There wHs no
special development 10 ths sltnatioa 10 at.-
eoant fer the buoyanCy ef the market, be-
Sand the setsfsl SoaN lotion thaf Suafs's
capacity 20 carry en the War MAS nearly
The bord market shared ,he activity and
ssgeaxl9s 81 the stock nrArket and showed
hfEh prices all around Total sales 6 SIS
esl Vn.ted states fours regular advanced
= peT ceat. coupon - bid otgserS were
Nheat Options.
TIE sensa sioaal feature 10 wheat this
afternoon Was furnished ~ ths MAY op-
eral eenss az a clip II eowied along untt
Stopped by the closing sonE at si.45. shv
highest price since the days OF ''old
Hutch On this basis cash No 5 red
would be nominslsy weftE So in th.s
uaAEkgt. The july option Kept geEF sgrang
ali she afternoon and closed :snaAy al
si.e}s, aftss sales al 81 iaA.. representing
sdeamlas 81 S-~s over Tuesdays close and
Sc ADoN. Yesterdays curb pgscss May
eiaSeG - higher thar Tuesday aEa 23c
ahuss slse l3w &c. ~ fhiS week. liz was
simply a gtssBsic sqaeex- Of shorts made
pos<sbl hy the eaty removals ia France
Italy aaa Spa48 which i expected % swing
an eaGrmous export business this way III
the next iwe months. The price for GSar
has advanced .3e lar tha Aask-