The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-12-07
NEW YORK.
The Stock Exchange.

NEW YORK, Dec. S-The tone of the market
today to that for railroad securities The break in
the industrals approached generalization by the
middle period of the afternoon. Meantime the
railroad stocks, almost without exception. held to-
naciousy to their prices Later the bears began to
cover and some very marked recoyeries made
roads, which had been almost stagnant displayed
some signs OF animation, and rose generally above
reached a point. The late recovery in stocks was
coincdent with an easing in the call money rate
to per cent after ruling at to per cent earlier
In the day. The banks were calling loans and the
movements OF tho industrials suggested that they
were in dsfavor. not only with the speculative pub
lie. but with the money lenders, industrial collat
eral apparently being displaced to greater extent
than other classes The bears very active, and
made a bold onslaught on the industrial list, I'M
covering stop loss orders a large SCALE The
easing OF the money rate aroused the superstition
that the banks had strengthened their position to
calling Of loans As it evident that the short
interest had been largely extended. the room trad
that three days decline in prices had reached far
enough They had some success in forcing the
shorts to cover and the demand from that source
ndustrals showed declines of 81 to 7 points and
the subsequent rally brought them ZIP from u to
points. Sugar was decidedly errRtic. owing to the
sitting of the directors to act upon tho dividend
After early advance there was decided weakness,
and only momentary check to. the fall when the
wards to 1893 and after ra1lying points, eased
Of again closing with a ne. gain Of small fIae-
preferred, though not entirely unexpected, had
a strengthening influence on the railroad list Some
strength impaired to international stocks by
the support accorded in the American department
Of the London market. Continued large shipments
OF currency to the South and a loss of over
million dollars by the banks to the subtreasury
yesterdays subtreasury operations reported.
Sterling exchange continued firm today. There
little doing In railroad bonds. and prices held
about steady. Total sales, Sl,l30,o0O.
United States fours and old fours advanced
in the bid price
Available Grain supply.
Special cable and telesraphic advices to Brad
streets show the following changes In available
supplies from the last account:
Wheat-United States and Canada east Of the
Trade News. afoat for and in Europe. increase,
$4,000 bushels Total supply wheat. increase. 39o0)o
bushels.
Corn-United States and Canada east Of the
Oats-United States and Canada, east of the
Rockies. increase l0l. 900 bushels.
Among the more important increases reported to
Bradstreets not given in the official visible supply
western interior elevators 5GoOco bushels at Mani
toba storage points: 49, 600 bushels at Coteau Qua
10000 bushels at Rochester and $1,000 bushels at
Minneapolis private elevators.
The principal decreases those Of 15s 600 bushels
at Louisville: 10000 bushels at Milwaukee private
elevators. and 5000 at Dallas.
The aggregate stock Of wheat in and afoat for
Europe from the United States. Canada, Australia
and the leading ports Of Argentine on or about
with 1884, $4,000 bushels one month previously and
compared with III, 900 bushels at this date q
year ago.
Money and Exchange.
Money on call. Arm. 39s per cent last loans,
per cent: closed, per cent prime mercantile
paper, etSs per cent; Starring Iernhapsn tim With