The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-01-30

SsSx4r art gs.sa1u~e gzsrse3 ever a.osz1-
* traders that Sugar was adv arcs1 II the
interest - sellers ussi@ 81 other quarters
the simultaneous advance - glucose ard
trade Developments Ausang saae Pac-sAss
there WAS an afsasscs OF over : POINT IN
Northern ard southern. The movement
= Sr.ses ps,ie wAs assgsossa /, I'LL
Standing. Pac1IIc Mai SAs sf-Vs1g 81 TIE
aa0Te favorable outlook fgr ths mall SOB
si1y In congress Minneapolis aia1 81 Louis
al ere IEzs alspsaysa strength n a1szs stA4s-
~ ot the urs1 preferred sEoez Beng retired
Tie prospective advance n c1al rates al
Wests-n gxnss Vas rertscted AZ some
priced shares 81 Louis sousA western
preferred rssse points and 81 Lsss1s q san
Francisco preferred y pistsourg. CiFs!as-
rA4ti. Chicago & s. Louis. American E.x-
press and Southern Railway were also
strong. Among the aniustrsa1s American
St@e. preferred and American Matt we're
Cincinnati, Cascago d St Louis preferred
also showed declines.
THIS xas yan6erbsit week IN the stock
market. The dealings were over 9-sSoo1
shares. with fluctuations showing great az
regularity. cSst with an upward teEs1esicy.
There were many reported deals asSoelAtei
with the Vanderbilt, name, and the stocks
affected moved widely. acting as the va
rious rumors were believed or ciScrediied-
The gnru1led condition OF the money mar
ket in face Of the unprecedented volume OF
sursag, and IN a sense confirmed the pub
lie conception OF the marseaoasly favorah.e
conditions prevailing in Industrial, agrscui-
tural and financial circles In America.
Excellent railway returns came 70 hand
from various sections OF the country. SIX
tyone railways increased about "a per
cent in gross earnings for the third week
In January.
Among The December statements OF net
earnings. 81. Paul showed an increase OF
over one-third OF million dollars, whi.e
Hs2rltn i1erpa Sefi xf49.nN3
The bank statement was far more favor
able than anticipated. showing over s. So
co increase In surplus reserve The saaI-
ing Of discount rates In continental cen.srs.
including a reduction by the Bank OF Bel
GUM, following the action In Berlin. and
this was taken evidence Of less tension
In foreign politics The favorable develop
ments in the iron trade. the enormous bank
clearings and exchanges attracted eonsa-
erabie attention. Allowing for speculative
account the enormous dealings reflected a
great absorption Of money IN h}Ea grace
securities Another evidence that the
pablic, had taken firm nold OF the market
dealings and gfie infrequenee Of individual
stocks appearing IN comparatively abnor-
NAL proportions Of the transae items Inc
had not much weight in specu!ations.
Monday WAS by all odds the most stflss-
;lonal day. both IN The tremendous volume
OF business and the extreme violence or
fluctuations greater than tine street had
Witnessed at any time The conflict OF
buying and selling orders at the opening
gave the appearance OF such rampant spec
uiation that market leaders were disposed
10 check the movement in order that the
technical position Of the market might not
be weakened There were large sales OF
stock carried over from Saturday In ex-
pectaticn Of the advance and considerable
Hquidation. both OF foreign and domestic
holdings resulting In material declines Tor
the day from ths early high prices.
Among the sensational variations that
day were a rise OF 1874 in Pittsburg. Gin
cinnati. Chicago a. St. Louis. a drop OF IL
and net gain OF ~. Canada Southern rose
1917. lost most of X and gained sis Cieve-
land. Cincinnati. Chicago 81 ST. Louis
jumped ssa dipped points and closed with
other wild changes after The initial bulge.
Subsequently the market Irreguiarly ad-
vsnced with almost daily bear attacks in
the afternoon and recoveries on each sue
ceeding morning. London was generally
seller. but was whipped into line rs pur-
chaser. and the fortnlghtly settlement In
London showed grea, reduction In the
floating supply OF Americans. Throughout
the week the facilities of the exchange
were taxed 10 the utmost and the clerical
forces In the brokerage offices worked
overtime to keep track Of their large ac-
counts.
The largest net advances for The week
were: Metropolitan lsA. Capitol City Trac-
ton II. Twin City Rapid Transit =. Pitts
burg, Columbus Cincinnati and 81, Louis
preferred iei9. Tennessee Coal & Iron pre-
ferred IL the common III, Long Island u,
Louis 81, Commercial Cable 9. General
Electric ss. Rio Grande, So, Pacific Mall
81. ST. Louis Southwestern preferred 7ia,
St Louis & San Francisco second prefer
red sa4 Lake Erie & Western preferred SIS.
Lake Shore s. Peoples Gas s&. American
Express ~ Chicago Great Western dehen-
lures. Reading first preferred and Rslti-
mere & Ohio "a each, Rubber 5A and To-
ie<in & Ohio Central g.
There were gains. too, Of over points in
Sugar IarGawanna e. Western, Northern
Pacific. Ontario 4 Western. Minneapolis &
St Louis and Wheeling & Lake Erie pre-
farred.
The Losses OF note were corar "a 10 less
active stocks the largest being New York
AIR Brake fiS Edison Illuminating and la
C1@d~ Gas each
Pronounced strength characterized the
bond trading tho market showing less 70
verlshnoss Than i'm stocks. Many issues
we're hroush. prominently forward owing
- dissemination OF rUrnors regarding their
standing toward 3 union with other prep
critics Dealings were on an immense
sale with purchases for out-of-town ac-
count exceptionally large.
United States "a reacted u ard the SIS
coupon advanced = in The BID price.