The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-07-23
NEW YORK Markets.
fhe stock Exchange

fhe stock Exchange
NJ" YORK. July THE stock market
continued IN the hands Of me small room
.f<-"Fs to<iay. ~ao dealt mostly III IL
14~iTlsl siSeci4It!ea They advanced The
price u thes~s early. and this nei ~ the
TtfaIafd railrJ4d stocks. Realizing in
'1e speciatif.s later IN The day caused a
IS 1npa'hetlc decline II the railroads. car
Tying prices H. many cases slightly below
yesterdays cioxe Except wherr stocks
"eFe influenced ~ individual cases. Ise
total change 81 prices was narrow and
without significance. The dui!ness may
oe quite equally interpreted a. indicating
i d-4luclinaticn 10 oGy at the present level
or as an uaw.siiugnesss 70 eel. The fu-
tofe az the inteFnats OLA. trade situation ~
stlh 80 obscure that spectators are not
ready - commit themselves. Very little
light .aS thrown upon tie prona hilities
by The other grain markets. which were
very weak and we're hessitating Ia tone.
There w&S weakness IN tue continental
grain nark@' and there was selling for for
eign account. indicating the opinion that
i4Ee4sr crops a.3 We'll 40 oIE ~ q are likely
10 yield largely. There wrr. evidences Of
4 pressure FOR funds Sec king iuvexsi nent,
bat they manifested themselves in bonds
rather taau ia stocks. The large demand
Tor the ns@ government bonds. which
"ere traded on on the stock exchange
when Issued. - mad favorable sympa-
fhetlc effect AL through the market
Bonds were for small as well for TuI!
government bonds were called sympa-
thetlc- The advantages of the new issle
f1r tsge purposes OF circulation make a
he~r demand for than from the banks.
though the present prospective cheapnass
= money tenae3 20 diminish their value
for is3s pITuos Railroad mortgages
we're absorbed Oh large sale today
The vel. secured bonds % reorganizad
rua4s whose vaiIr under reOrgan cation
mas nor beer clearly Hxed were The favor
lies There was also active demand for
the more spt -G!atIFe issues Of roads stu
20 M organized or whose payments of
interests aFg contingent upon earnings.
The p-eu'!tu3e Of money also found refiec-
ZION IN Wan street III talk of syndicates
preparing for financial ventures In East
err cHba. Time loans were made for
FtN months AZ the rate Of Per cent. ana
sterling exchange continues heavy under
Offering - grain bills London also boush;
stocks here !u spite OF a sliffening Of the
London discount rate n sympathy with
the ri. 10 London exchange here. Total
sales of railroad ac01s par value 81 As ssA.
L : p advance; :. the new reg. = the
old - rig and the new H. coup. y. and
the - coup :. IN the bid price.
Money and Exchange.
Money on caI, l'4q1a. per cent; last
loans. H. per cent. prime mercantile pa
pr. si24it per cent. sterling exchange.
easy Nth actual business IN bankers bills
a. S3,s5'. at Slis fov demand ana az $iSfI
ASA fer q" days pasted rates st&sI4 N6ie.
caWmereial bills 81 80. silver certificates.
,si@c: bar silver ga. Mexican do.lar4
Acc. government bonds. strong. state
bonds dIil. railroad bonds. strong
BONDS.
Cs.uew e. reg 127'aN. J Cen d ..I12
New ~ coup I4al~ North Car g. lbs
fuurs. reg ....lloa. Fours .... .....lo2
FoHrs eabp ..lll Nor Pac lists ..1l2ie
DWo~. reg ...- ~ Thrces &c.,. .... ts5a,
Five~ rag ..--li4ia FourS . sSls
f'Qr,E-is