The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-05-08
noston stock Market


New YORK. May 6--The weakness
which persade9 the stock market today
much more unfavorabie than expected
TIE surplus reserve fell OF over teu.ouue
and the loan account showed the LARGEST
expansion this year, increasing ever sf5,-
uue.lsA SrAe usatlon was very feNeriSh with
no important news influences save some
agitation over the possibility Of European
complications .'ovsr Irsfssyaas AFFAIRS.
London figured very sIissasls ia fae DAYS
tTansactons- The sxpressssa opinion OF
certain railway officials that some de-
cre2seS III gross EARNINGS for May might
lie expected induced selling OF the Gram
gers fer Western account. aud they aver
ageo declines OF over a point. Tls coat
ers we're weak. the maximum decline he
ing THAI Of Reading preferred ~. The
iron AMI steel shares we're also weak
Fedora. Steel and American Steel aud
Wire be ng or ahou, Ia each. Manhattan
Brooklyn Transit and Me,rcs' oaiian de-
essned Ancot a posn.. There was decline
Of over TWO points IN Anaconda, with o. NJ
pe theftc weakness OF the Wien Issued
certificates of the Anaigamasest Copper
Company ca the curb. Consolidated Gas.
which gained ten points. was the oaiy
feature of strength in the list. and was
bought because Of ransored withdrawal
Of The reduction IN prices by other conn
panies. but IL was asserted positively that
the reduced rates would be maintained
and that no change IN the gas situation
had been effected. TIE feebieness of
rallies and the seeming absence of inside
support discouraged many holders sno
threw over long stock. and the market
closed weak
Tho outcome OF the weeks speculative
contest Was decidedly In favor O. The re-
sesiertsts~ While The general situation
remained practically unchanged with IN
terror nses~ anfiie prosperity. the frequent
occurrence II unfavora1s4e iaei3erts damp
ersd sss~rsala tors optimistic views Per
hays the more tzs.sorsan; rear features
were The possibilities az the Ford fran
esise tax bill the rise IN sterling ex-
change the jump IN money the local gas
wAr and finally sae hank statement The
sale q securities particularly copper
sseck Scr London account and he pay
nsnt ssf the spanish Indemnity Of So 8ss.-
se WAS responsible fog a rise In sterling
exchange 10 within 4 little less Than a
psns where goE9 exports wouid be rros.s-
fntrsxxsct WITH transferring 20 Spain The
Indemnity Aa1 already provided tenn
selves 1ssa TIE greater part Of TIE Sser-
Hng halls necessary. Sterling exchange
sase3 CT 30 nearly last weeks figures.
Moreover. IRE con ssDg~~z strength q
1sossaes ear1yAsre3 NTH The I<5xssoxs rates
ssso~ed that IL ezcai3 ~ more probably
employed hsre TIE Eer~rzs o1fxscs sssss-
AttoG gave cSsScerscs TO ssci.ers o< sessrt-
ties bzs The bears. distressed On tho pres
eas siSs range. compared WITH szo4e es
recent years az 6Sscoza1sng .ss fag9Aals
features zEsd sc9sx hear from TIE hub
silence IL a large buying ssessssaa 80 ae-
press values. There were bal .e~ exee1-
saorss 20 tAe gsxs<rxi scaling os values.
Minneapolis a -. E<aSsas secoa3 SyrSegr4d
games nine y.4nis on The sesYssStssnr THAI
benefits VOL! eccrse srosa he retirement