The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-05-16

NEW YORK. May I5-opennx quota
TONS In the stock market were a vigorous
notice served on all parties that ample
capital was forthcoming 10 take up all
offerings which timid holders OF the SO
called Flower stocks" csoos. 10 oNer and
Also to the bears that powerful weapons
were III hand TO resist any onslaught by
them The different members OF the Flow
er group were opened up l to points
above Saturdays close. the favoriies of
the late financial dealer, Brooklyn RAPID
Transit and Peoples Gas taking the rise.
New York Air Brake. in it's usual manner
made an exceptional rise OF II points in the
nEst few minutes. These aggressive tao
ties served to dt&spa.e any uneassness in
the speculative mind remaining after the
violent fluctuations In Saturdays market.
Early quotations from London also made
!, evident taat thsre We're large reserves
OF capital prepared 20 take at.va asage Of
further sympa thstie declines In the gen
erai lsst OF securities. The buying there
Before fhs opening here was not only for
New FORK account presumably with the
purpose az supporting values but also OF.
orders from Scotland. Germany and Hoi-
land well rs a local English demand
The high opening here. especially IN the
Flower stocks. invited a considerable vol
Duae Of offerings, hu; These were absorbed
without the silghtsst hesitation and IN A
short time they materially decreased. The
pressure 81 liquidation being relieved. the
vsSar Of the efforts OK support ~as snme-
what relaxed. Prices having failed 10
break, the hargaia hunters were deferred
frsm buying and the market fell into a
quiet state A brisk upward movement in
Pacifses and The grangsrs caused the
etiffering throughout the isss. Bot the
smailnsss OF the transactions discouraged
a continuance Of the hgiissh serfirn@7sf and
the market fell 10 a kind of comparative
Inactivity Tire movement Of prices he-
came decidedly irregular, some of the more
obscure spscsslt!es f1ctmsfsng quite widely.
bat in the contrary directions This was
notably the case among tas tren and steel
stocks. Tennessee Coal. Colorado Fass and
National Steel preferred beng notably
weak American Szseitsnx and tbs coal
FRS were also consistently weak Tais ten
dsney ard the apparent withdrawal os sup
porting orders invited raid by the Gears
late IN tiss day directed particularly against
Metropolitan Street Railway which Was
raieses Gown points The graagers and
except Central and Southern fsacifscs.
which we're consistently strong MezrcsSois-
tan Street Railway rallied VERY strongly
. points. thd local tracssoss ssares respond
ing IN sympathy. TIE txss traders eevsr-
s4. making The closing 3rra. TIE eor-
spsraoGs changes We. in the ET3war
ssacss. wh@ss at Tire essse Eese asx her.
Though below see bssf Of the day osAsg-
wise changes n the nrovnsne0t stsse Ss were
In the heEa uae-kss there sAs some
hsaxy taxings &c Baissrnee~ sss3 0hir fears
wnsa .sSaeAr~-x>ssssrs- w-sc moderate ard
changes irregular TossA sHses par value
tinted state. sours advanced u IN the
bid price.
Mon~y and Exehanse.
Mca~- % call easy a. nA0< per esns:
hE lean ger cent: prime mercantile
rap~r. 1<s<4xss PER cent sterling exchange
ssady !, ~. - ass "a %, enss. n ~ e .Ts
EsE Tor xsxsy 3Asss rssssA rasss. o. -
EAsn@ ard S4sS-s~xt4s Ssslz. russns rciAl ezsis.
eAt4os 81 4fvsr eers.ecasc2 CAooe: