The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-06-01
NEW YORK MARKETS.


NEW YORK. May 3l.-There was
recrudescence OF bear sentiment on me
array than at am time hitherto since The
spring reactionary period has been II
force. This sentiment met decisive check
after Mr.. Flowers death for tn; the
country combined 10 support prices ana
avert a panic. II had but newiy inAagu-
rated campaign last week when tne ae
olson 10 close the exchange for three days
left the leaders In q rather tmid frame OF
mind about carrying short contracts over
for so long a period. Iodass siumn III
rnent of the days operations. There was
a small attendance al the opening OF the
stock market and a seeming expectation OF
a dull day, based partly on the TACT or the
running OF the Derby In England and the
consequent neglected trading on the Lon
don exchange Seine OF the stocks which
suffered most severely in the later break
showed signs OF frmness and even OF
strength In the opening transactions This
was notab.y true OF Sugar, Brc1kfyn Tran
sit. Manhattan end New YORK sen,Ia~: bu.
signs OF strength proved 10 ne or snort
duration and by noon bears ana were IN
complete possession OF the field Early de-
clines were obviously due 10 mahlpuiaton
But as the bears gained courage and assur-
ance and extended their raid, they got
richer and richer returns aud nefore the
day was over the general process OF haui-
dattion Of long accounts had set in. Aside
from the spasmodic rise Of Sugar in the
first hour there was no material support
accorded prices nj any point IN the hst.
There were severa, developments In thu
general situation that aided reaction. bat
the decline seemed more general aeauIes.
cense In the view oil the bear
unduly high and that lower
level Of values must he accomplish
ed The belief TIA, gold exports are UNI
avoidahie and probably imminent played
an important part In the reacfionsry tenn
Der OF the street. WITH sterling al JAM
for demand. which IS within traction OF
cent within the gold export po.nt ard
still rising, while discounts In London con-
t;nue 10 harden and all money loan ns in
New York at IL. per cent IL - not easy
10 see how an expofi movement IS 10 DE
avoided though II IL Is tuss as difficult 20
understand why sach a movement under
the csrcurrlst ancss should excite alarm The
report of q ease Of yellow fever at New Or
leans and the resulting quarantine against
louisiana gave more substantial reasons
for reaction in values and the railroads in
thai section were severe sufferers. sur
frarrnsse tax Siu and far % encyoach-
vnsnt CT the sugar campans's dlvls be sur
Plus 10 carry on the trsSe VA were maze
much Of sharp decline N .asi-soand
tonnage from Chicago, Disappointing
statement az earnings for The current
month Sy Northern Pacific and Of neat
earnings FOR Aprl by the same road me
after charges Cor April and aentAl that 81.
paui's net decrease fcg April ~as Cue r.
any Increase IN operating expense Al
senrsSeneuf av~r existing values
ssn.e 80 the striking declines a the ex-
IRENE los potnf were, Metropolitan. u;
sugar 50 brooklyn Transit ss. Msnhs--
tan 81. ard long llst of s9eeszltses frcrn
2 % points
II re railways Burlington. Ire Msn1eap-
otis 4 S. Louis stocks. Scu:Aern Parfnr
arA Southern Railway preferred fell from
! 10 y, points with still larger number
% -a!4rsads including NJ nassvrs % the
esrarSers ire Pacific ard The Trunk Limo
greug fell begwsen ard roIa-A Ia the
outside market. the .ewiy aoatsd &saa.ga-
mated eepyer stocks soid at 81 against TIE
suh@cFipfiar price al par.
Bends yielded IN sympasny ssth sfoSks.
Aat werA relatively frmer. Total szses par
vsfue a eSfss United States thFers. the
nsw Tours and me old sours rsgsStere3 al
vsre-d !. in the h5i price. While the e,9
fears coar5n te<lsned r. TIE Ehress saa-
scr sss3 a. tesla which - tie record price.
Money aai Exchange.
Nsor@v on car steady a. 1sr8sss ger cent.
last lear. - ger eeUf-. pr ne mercantile
ran<- Tk~esss~ ger ce5t5 steFt1g exchange.
~~n wg.n ac.sss business IN bankers bills
A. 81 S1ss 4 sss. fer demand ard NSA@<E
ya~ sixty DAYS. go&sed rates - sg1>e<G
ana 81 "a. commercial Hsiss g. "a a. ~:
ssfvs~ certificates. ssSs-rs bar silver SC.
Nexaesn dollars. fss1e- Government beads,