The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-11-30
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NEW YORK.
The Stock Exchanxe.

NEW YORK Nov 9-Prices Of stocks were On
factors making for reaction. Chief = Ties. WAS
the continued hardness Of the money market. the
further slump in Leather. and the movement 10
take PROFITS in the trunk line stocks, which have
advanced so azgrsssiseiy for some time past This
protr-taktng movement the nearest to cfylcial
confirmation that could be had Of the numerous
published reports and runors Of consolidation Of
control Of the great trunk lines Those favored
with advance information OF such project world
naturally BE- sellers when the became public
property ard brought IN outside buyers coed
proportion Of todays outside buyers, thus invited,
operated by cable orders from London. Americans
shared in the general strength in the market On
account OF reports Of British military successes
against the Beers London buying was also at
traetsd by the publication Of the currency reform
measure 10 be pushed by the dominant party 81
the coming session Of congress- This was the main
PLAYED here and there by individual stocks. many
af them Of obscure kind, kept the market firm, in
face Of the uneas.ress over the money outlook To
morrovs holiday also prompted some closing up OF
short accounts While Loud0ns buying was the
main sustaining factor. the further hardening in
the London money rate and fears Of an advance In
the Bank Of England tomor-ow discouraged
operations for the long accent. The demand for
money kept the rate at per cent. and above until
II had been mostly satisfied when II fell below
per cent in the late dealings. and the stock mar
ket hardened in response The subtreasurys dis
considerably below s. o0 oo and the treasury state
ment at Washington showed the days revenue
eeipts nearly s7oc DOC In excess of expenditures As
this IL the last day for which the treasury de-
paffrnents offer 10 redeem bonds holds good, the
total disbursements for redemption are but little
over half the amount Of the total offered. The
feeling IL general In Wall street, however, that the
period Of the offer will be extended, and safety
valve against pressure Of money rates thus supplied
A further decline in New York exchange at Chi
cago to 0e discount. against Doc yesterday, and
downward movement In New York exchange az other
domestic eenters against the suppositiou that
New York is gaining this week on the interior
currency movement the case last week.
Fractional net gains the rule in stocks. and
they TO point over in only a few excep-
tionai cases The bond market quiet, ard
prices showed improvement as the day pro-
crossed Total sales, par value. 1887 90. United
States thress advanced l in the bid price
Money and Exchange.
Money on call easier, aa7 per cent: last loans.
per cent closed ruling rate, per cent prime
mercantile paper. 5Ass per cent sterling exchange,
steady with actual business in bankers bills at
81 sssa. ss demand and A.s0sd4s1 sixty DAYS; post
ed rates s2dis2a and 81 commercial bills. 81 80
al se4 silver certificates ssha5sc bar silver. 5etc
Mexican dollars Elc; government bo1ds. strong !:
state bonds inactive: railroad bonds, firm.