The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-05-22
. % =
Boston stock Market.
NEW YORK MARKETS.


NEW YORK. May co.-Transactions In
today's short session were apparently con-
Who seek a days turn In prices. either
up or down Prices In the majority OF
cases are comparatively little changed
from last night The course Of their fluc-
tuationD during the two hours trading 70.
hected considerable hesitation and uncer-
tAinty In the minds OF the trading element.
The London exchange was closed for
holiday, and there were no quotations from
that quarter to gfYe an indication OF tho
tendency OF prices Many stocks opened
unchanged In quotation or moved only y
enjoy franchise privileges in this state
were weak on the prospect OF the fran
chise tax bill becoming a law. tho pros
peet Of material modification not s,eing
considered likely. The American smelling
stock was also under pressure and rom
tinued rather weak all day. -AnaccnGa. ON
the other hand. continued It's show OF
strength and ended the day ~ points
higher. Sugar made an aggressive resist.
ance 20 the pressure against IL and kept
above yesterdays level after tho opening
tho occasional attacks on the marked also
BY the railroad stocks especially those in
the south and West. Manhattan ard
Third Avenue we're Arm early. but yiei1ed
latar the latter breaking points The
bears were disposed TO caution In anfici-
patton Of tho favorable bank statement
but when the market failed to respond
little stock was brought out on me decline
that the oears covered. making the close
firm ~ slight change, except In special
cases. The bank statement showed q iarx-
er Increase In cash than wa expected The
heavy contraction IN loans WAS OF course,
q reelection In part ct the drastic iiduida.
ton Of iast Saturday. As = consequence
tha increase in cash alnaost ell went 20
swell the surplus reserve Of the bankA
There ras a marked continuance of the
recent heavy absorption OF new isAues Of
rallroad bonds TIE tape recording severai
individual transactions u from tioe.oop TO
over $50 aN
The stock market has been % mach un
settled during thu week by the contending
struggles Of the calls and bears over the
Flower group Of stocks that there has
heen little opportunity 20 discern any re-
dectson Of general conditions In ita move
mrGs- There Was some slight caatinu-
alton on Monday ee The eager selling pres
sare on those stocks which had bern mar
tertrg OF the late Mr.. Flower But the
determined ard extensive buying by the
deceased MrAceSerss associates tn these
properties. who had Joined resources for
shA protection q values. sooa Kisayet the
arSTesesszOsss ~ tsysss1 hosterx Ard induced
tire shorts TO cover.
Tese movement toward recovery seerneA
"a r1<~s wsfs 40 Opposition from TIE axArm.
Notwithstanding TIE pronounced bear sat-
uAficn assumed aw ore OF the largest pro-
hear clement was iocking forward eniy
. ebert ssne. as TIA oAae proved, Tor IN
ecportgstty ~ attack values
Ta@y offered no very vigorous ocpoxsfion
70 the pFucsse % reconstruction OF values
wssse Il MAS prrsasd With set purposes
But sh. rsss OF wednesday,. waies hruuShe
tae Ftcw~r srexaastlsx hA<-k 70 ~ aacra
tia prices 81 the pr<cetsn1 Friday before
Mr.. Frowevss death. soe9Ad to sAxxsfy sne
Ssu aennn4 CO Gle tine beng. aa1 On