The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-03-17
NEW YORK MARKETS.


NEW YORK. March is.-The sensational
rise In Sugar was largely Responsible Tor
the elimination of much Of the short inter-
est in the rest OF the list, material gains
appearing notably among the specsaitles,
while railways at the high point averaged
u, points up but there were recessfons
from the best and the market closed under
pressure Ii was = wild day on the ex-
change. Sugar figured for over s.e.ve
shares. The market WAS moving cautious
Is upward when Sugar hurst into promi-
rese and touched 10, = rise OF E.% points
over last night. II points above the sep
tembes boom prices OF 1875: me STOCK
closed at i5eie. The fluctuations were er-
rattle an instance in point being the drop
Of 10 points on two TRANSACTIONS from fns
high point 4 trader sold short 30 OF the
80 shares traded in a. lse and waihin sno-
marrt covered at leo tf,e only intermediate
transaction being iup shares al los. Inls
broker realized N.so on ais snort sale.
There were various ruuiors connected "its
she movement In sugar. among them me
rrrort tina: the trade war had been se.-
tied: that an agreement had been reached
with the Glucose Refining Company ard
the Do~scher- Arbuckls interests People
in the trade generally discsedlfed the re-
ports protesting ignorance OF any deal up
on which they would likely De posteu were
it in existence. Local interests idsntfiled
with Ghe concerns mentioned likewise DIS
credited the reports. except in the case Of
the president 81 the Sugar Refining Com
pany. who made no statement befofs fhe
market closed In some quarters the move
rueut Was afsri atlted 10 q corner IN the
stock ana punishment or the shorts.
while on the ether aans nus1Se which was
active ls he dealings csa8nss3 70 De igncr-
art OF the reason for ths advance, 6us
thought = Of 500 great magnitude to have
been merely @ uaaf~uveF against the shorts
Tobacco after yielding "a gsosnts. made ~
* irene. rls.. Il i1s7 10 as Ia sympathy
Nth the movement IN sugar. tiaeos~ also
rose y points 10 70 New York Air Br&ks
touched 10, rise 81 Is sso5Ess. Me;rosSss-
tan lam ped $ss I'd 2+ss4s Third Avenue yoee
T. Manhattan, 5. brooklyn Transit. 80.
Consolidated Gas 81. ard burlington. a.
TIE efAsT GsrsExeTs sympat1xed In .
lesser degree IN sne advance. Four ger
cent was the assan.ug rate o. rail mercy
The greater part az TIE Gay. although sSasne
1aars acre made a. ia and ) per cent. Tes
sslfsnfnx Or bns asaneg rats tkxrHpeaed The
srsfcv % sh& specg.as5ss ard caused th@
rxsos ssson IN the LATER trading. Tae bs1oy-
any % fa@ gsDersl market caused re-
sssson Qf commission aessne Esreas&es.
vngeh wers largely resroS ssnte far tire rise
IN she ciosgus hours bends shares 10 s0gzaa
axfsns ir sha upward rnovers~as bot there
we're ssgae weak spczR. which gave sse
trading an irregular ASPECT. Total ssits.
s. - ss
tFpst~ss states fAr@@s advanced "a xfafs.
the uwx fr~rs F~ssstsrsss reacted !. ard
new fsufs soErcr u ~ ffe hss price
Weaey aaA Exehsng~.
Merry an rsa sas per r~rs: aasx fcsns.
per cxas.. arssFs@ mercantile sa.-er. h0
A.. Fs@r cxEt sterling exchange weak ~ssh
&c AL Business - esss&egS cillS q - q