The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-01-14

Bradstreet's financial review tomorrow
will say:
All records Of sustained builish move
ments I'm Wall street have been broken
This week has seen successive daily trans
actions OF l.ooa,0po shares or more with
higher quotations throughout the share Hist.
Ordinarily the extreme activity and the
no less extreme prices would suggest that
the market was nearing elimination. AZ
was the case in 1881 when the last specu-
iatfve extreme was about to terminate
The confident sentiment which has brought
the public into the streets, however, has
been undimiaished and though conservative
interests deprecate the rapidity with which
the market seems 20 be moving 10 an
extreme, 1t is admitted that present favor-
able financial and other conditions as wei
as the greatly augmented facilities for
speculation which IL enjoys render IL IA.
tile 20 form conclusions about the imne-
date future based on former experience
IL Is not improbable that this week the
market has presented growing evidences OF
manipulation and OF decided increase In
the amount OF purely speculative purchass-
ing III contrast With the investment de-
manG for securities, which was 50 notably
displayed pricr 70 January l. An imper-
comparatively smaller dealings In bonds
II, the fare OF this enlarged volume Of stock
sales. and 6y the tendency Of the former
c.ass Of values 80 recede q little from their
recent high level.
There has also been a great deal Of r.
regularity In the movement Of different
parts G! The list. some groups Of stocks
while others advanced. The participation
Of the public In the movement cannot be
gagged by ths volume OF orders executed
By commission houses FOR local and out
nishei large amount OF business As
was the case In the preceding week. the
disposition seems 10 b. TO follow the Lead
ers of the speculative word in Whatever
sffygxsffnff -A9y IE5HtpAsr fN0tHr fsra<
part OF the list il temporarily abandoned
and the realszing 1sies cause rrcessiona.
sufficient buying seemed 90 develop to pre-
vent the declines from being at all severe.
London has u0t been an important fac
tor. Although Americans were tho active
feature there and the British public seems
lacltsfed TO bly,. There Was heavy foreign
realizing. and arbitrage brokers are known
10 have borrowed large amounts Of stocks
estimated high as 100 go shares, and
representing securities which are being re-
turned. This fact ~ cited az "A reason for
tbs sfssainess Of ereaaFss rates. In spite
~ the heavy current experts. The market
here. however. hAs apparently concluded 10
disregard Louaon's marketing Of securities
here and may ant good reason 70. IL In the
tiee-arst tcya made 1hls week by the head OF
a large tsauking institution there tha1 "a
u the ursssed states. Instead Of London
financing New York. X = New York which
ls financing London.
the money market has IN fact given TO
fEasIGGflt3 NEtk4t SSStA 4sA~&4 AsI4itIH t&s
apprehension, much less fer aearlsftnzKS.
It's ease has Increased II anything and
TIE street has also realized the a9van-
tAxe 70 tns market al Juncture ilge tire
present 81 TIE stock exchange Gearing
aogse. when largely obsiatss tas actual
employ neut os funds. Al tie sanae time
II would seern that lenders Of money llays
essplag Cd 81 little bs.t significant siisfasar
toward the newer cfags of induEgr.als as
collateral This sas apparently TessoE-
gsase for mary 81 iBe incidents which
!av0lTsl2 3 chang a. tas activity Qs ieai~
fuas operators ard bull pools froa7 indus
Trials and speeiaities back 10 the so~Salled
standard STOCKS that Is 70 say. tha Gsvs-
3end- paying railroad shares