The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-05-29
NEW YORK MARKETS


NEW YORK May G.-There was
marked disposition in the stock eASnsuAe
dealings to sunder the speculation III IaIF
rosds and insiustr.als spscfalfiss Inc I'M
nsssis,v Of IN. standard railroad stocks In
sns fsra OF the decentralization In sugar
and Metropolitan Street Railway wAs 80,
sngy Hike the midsummer marAes 81 &c
when Sugar was likely 20 absorb a nAu ~
three-ouar.srs of the total dealings anu
when many of the indus;rfasn nov t,aasu
had not yet been conceived. Inc peas
se~rned 70 have gathered fresh courage ana
male cult q savage onslaught on sugar
ana Tobacco stocks. the New York mini
cha, stocks Smeiser and steel ard W..
losses In she railway hss we're shs .mm,-
tarsou decline In New York Isntfai AL
prrnsy,yanIa which was In rather marked
contrast 10 the later strength OK sons Ok
Tas arst hour had net expired before an
active demand srranx up Tor the Esaaias
securities, based on the strong showing %
the April statement OF earnings A ae
crease in operating expenses OF the ceas
company and an increase In gross earntnks
BY the railroad company combined 70 pro-
daee an increase IN net earnings LOT al
she COMPANIES OF sla7.sas In connection
with the good report saDsnistet oy new
jersey Central earlier in the week and the
May gtoss earnings OF Ontaf'o = Mss,sIn
tire eoaler< developed quite 5uayan tore
and enjoyed sukstansial gains AL a1ouia-
Erie ars; preferred sharea N the aivan.
tases The rise in these stes ss was eas1ssa
decline Ia the sp@esal.tes short covering
caussg rallies Of between one and two
points THE failure os sne market 10 show
auy marked response 10 the esnk sta'r-
rrsr. induced fresh raid by the bears
which carried Sugar dawn 70 lsS. an sx
IRENE decline frcsn yesterdays caose or ga
points. The market yielded m sysnpasay ,
ere specla.sffs quite SHARPLY ana tae rail-
reads urfy slightly. TIE market closed an
der pressure but with ret gslFa remaining
FER most % he railroad stocks.
yfx-s- r~z4 Ia 8.
% strength fer A Saturday. with Q rtss es
I. cent due "a IRE hardening rate IN money
ard ire demand on that center from the
continent fer geld.
In e~arsne~rfssgl with tire r9stharie condition
here assrlos@t by the weekly bank state
nssFst there - s0rns renewed Apprehension
81 geld exports. Tas demand for railroad
bands continues strong A. s9varesnx prscs.
Reading f3srs befre clsst conspicuous TIE
exchange wsB remain closed unta We'd
izssday.
s1w tha fate % TIE coming crop cssass
eye9@d speculation n ssecks ey sae Out
Gas prevsrasastv falls 70 q usi=sfsanT ani
the stock market - setf 20 TIE professional
rxsrs traders The very facs ~ osstxsse
rexsAcs af ~. market tspy3sss * OF sup
PER- - that the professionals ara sinaess
Invariably esars - = aal sosx maFxss
se~sssstssa wksa shs rasSlAss effect II ercp
failure Ia are fw9 markets That Szs seen
Sc state q affairs Curing tie eass week
NsaFf$ ever pTosf&ao2A2 iEAsxs 6a sss@
stock exchange has been a b@ar this week
The late recovery In prices u Ysot ScneSu-
SIRE evidence % . 5eensss Indication az
charge Ct Aez-S- as tie Professional trader
taaks ytsn scp-eeerstcn s.wAya GA a few
1&ys interval 81 snscsteG ard tEs rcsxlAsf-
ttss y. important ssxetGgFnsrr
T-sa heavy aecaSrNs III saf1@s compared
VIII Zee correspondence ps~g1es& n sass yssy.
IRE rise - value - imports ard p<rNEeat
nee IN tAe rate Of Sterling exchange wsrr
al tnci1sate 20 rssnferr1 IRE s-gvmAcs
A1s s.gFp Mxfa al A24
rx ~ listed sid that q Rove rsTrt c1-war1
~ goa w&s asesy. The Anxuzs tezs -
securities os EGr.e-S1s Industrial sor.ss-
nA,ssza Wa q striking Indication 81 It's