The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-12-05
NEW YORK MARKETS.
The stock Exchange.

NEW YORK. Dec 3-There was no
marked change III the character OF the
market today from that which has prevail
al fer several days past. Activity was for
the most pars confined to the specla,tiea
and the extreme range in the prices OF
many leading railroad stocks did not ex-
coed IA to =. London was a seller OF
Americans again though the rate for money
was easier at that center in spite OF the
additional withdrawal of over si.Soa1.) in
gold from the Bank Of England. presuma-
bly, fer shipment 10 Germany. London :
offerings of stocks here were fairy well
absorbed. but there was no incrta set de-
mand The Srangers were remarkably dul!
and sluggish in spite OF the So. Paul state
showing level Of earnings, notwithstand-
ing the bad weather prevailing never BE-
fore exceeded except in 1892. There was a
slight pressure OF realizing sales in North
eru Union aud Central Pacific but IN the
case Of the latter there was = suesequen,
rebound OF is
Sugar dropped sharp fraction at the
opening on E0fnors OF further reduction In.
the price Of thu product. but this speciality
afterwards moved strongly upwards on
covering OF shorts. Pacific Mail was also
Sirong feature and moved up 10 40ss
on good business outlook for tho company
Metropolitan Street Railway continued It's
upward coarse above all previous high rec
ords while Manhattan moved in a contrary
direction. the movement being the resul,
OF the traders Interpretation of the revived
talk 0f a rapid transit system. There was
q resumption OF the upward movement In
Federal Steel preferred and apparently
syn:psth@'ic advances in Tennessee Coal
ami Colorado Fuel.
THE events Of the week I'm the in,erna
national exchange market have given new
ana convincing evidence OF the strength If
tbs coun'rys financial position The de-
cline in discount rates abroad cary in the
week @ipeSi o2t the margin % Profits he
tween the interest rates abroad and those
prevailing here. The heavy contracts for
ssrel rails, Indicate a coming periO& OF rail-
ROAD improvements and organization Of
eraae Industries oeang fioa'ed In Wall
street Among those for the week are cor
para.ions IN silver psstsng thread Tin
(sata. ansa@si on. photographs cancers
sfc. requiring many millions for tn. Dro
cess q raAnceer0g.
3 ;he f-olsd market prices have been
IT, s0lg1tne of business
DNei states ssSsNxass and fears ana the
new fcs-rs ana <ae tiyes registered have
advanced - ard the o!as and the fyes
coUpon. l. "a the hid prsee,
The Hank Statement.
Bank surplus reserve. decrease. 8. 20. So.
loans. Increase 81. B. So. Specie. agc~ea =.
pests, tucrvass. S., 1s-ss,i. circulation in
crease. SifN-&a- Banks row held 81 as7 Ga
- excess - Ia required =, Per cent ruie
TIE F1HAuc.er says An expansion -
$ 81 .<7 Ia lie leans C the New York
Gearing house banks last week .ets-scs,~sv
"a ts.e fnyrs q Cretlts accounts for -
greater psFt & thA increase Of g. * "a ~
deposits. The gain n caSa vas only sfas 80
a@st a. ire sided reserve reQa!rsszserts 49,
Overdue oTie asga tNo-talr1 millions fhA ex
- sls.a1s. 80. TIE statement rejects the
active business - she week although r.
eespts ~ currency from the snfegfor do nos
sso~as 10 have sxea II the volume es.l-