The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-05-30
NEW YORK MARKETS.
The STOCK Exchanxe.

NEW YORK, May 2s.-The fact that to-
Gay was holiday in London, and that
Monday VIII be holiday both in New
York and London. had the effect of cur
raining speculative operations In stocks.
There were two conflicting reports in CIR
eu.ation, both coming by different routes
from the same point In the West Indies.
one alleged that the United States fleet
had been sunk, and that Admiral Sampson
had been killed. and another that Commo-
dore Schley had penetrated the harbor of
Santiago ard sunk the Spanish fleet The
market sold off on the first and recovered
on the second, but the dealing were small.
Rock Island and Peoples Gas were push
ed up again. after a preliminary reaction,
apparently TO shake of some weak follow
ing. Their prices were sustained with
some difficulty at the c.ose and were ma
nipulated with the evident purpose Of MAX
ing the last prices the best.
The same thing was manifest In other
stocks. Great Northern continued its up
ward course and added nearly points 10
Its recent remarkable advance. Illinois
Steel rose I points additional. but reacted
points. There was a reaction after the
recovery, eoinctdent with the publication
OF the bank statement. which was on its
face favorable The market for stocks
closed generally a fraction above last
nights closing prices. Prices of stocks
show substantial gains over those of a
week ago. though the after part OF the
week there has been falling OF In actiy-
iiy and somewhat settled tendency.
The advance early in the week was
largely based on tne unfounded rrpoF.
that thu Spanish fleet in West Indian VII
ters had already been aunEhilafed. The
later resistance TO the decsine has been en-
courag sng To- the bull element, and the be-
lief is genera! In Wall street that the pow
er.essness OF CerYera's feet 10 10 mischief
has been demonstrated. and It's ultimate
defeat by the United States forces Is con-
ndsntfS expected.
The money market may now fairly be
described a. pleiharse Although the pres
ent volume OK bank ciearsngs all over tn.
country indicates a larger use OF money
than even IN lssz. funds continue to flow 20
New York from other domestic centers.
The United States treasury continues 10
fas1 s,,If ru9v.s in the market New York
banks gained aver s.. nDo frcnn that
source This week The couatry's nes gnti
imports for TIE Hscai year will exceed
sos GO .ss1 which has never been approach
"a except in Xxi. when Il over 49,
To fss There has been az the same time
a largely fnerea sed output OF god by the
home rllnes. TIA prc.fuct for The prssesl
wear being estimated al f5AesI,1g. The
fsea that the government requirements for
carrying on a war would result in 4
sariaxency IN money rates has been sntire-
IL discarded bF financial authorities
The 00nd u1arxe; has broa1snsd during
the week and has given evidence OF In
gestuss1t buying al nan5e points Prices
are considers big higher ali around. United
states old aveS have advanced = psr cent.
and the I've Il per cent. Ia the bid price.
Others ara unchanged.
Exports and Imports.
Exports OF specie from the port of New
York fog the week ending TO-DAY axgreg4..