The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-05-18
NEW YORK MARKETS.


inc StOCk GXc0oo&Cs
NEW YORK. May i7.-when II was an
the most heavy financial interests
of the country had banded them
selves together in support Of prices
ed very largely the tinndity OF the
holders OF the group OF securities which
had been 30 marvelousiy increased In
prices under the favorins activities Of the
late ex-0ov. Flower. II also caused the
professional operators. who always stand
ready TO attack values OF securities at
any vulnerable point to pause In their
standing since Saturday. The capitalists
behind the Flower group apparently felt
20 much encouraged with the drmness
since the crisis that they made up their
minds today to complete its rehabilitation
and 70 put prices back to where they were
on rrd.y last It , vas net until the lat
ed TO be seriously In hand. In fact. the
Flower stocks ~ . group were conspicu-
Gus during the early part Of the day. Their
Of events and the general trend OF the
market 1t was the general trend OF the
market that seemed 10 confirm this pur-
were a very marked Discrimination on the
part Of personal holders Of securities 10
proceed with any liquidation and q quiet
and persistent outside demand for q wide
range Of stocks. Some very large trans
actions In bonds, especially In recent or
contemplated issues OF railroads OF the
~ and pet. cent. grades were also h
evidence IN the pressing demand for ia.
vsetmcnt from . large reserve Of capital
The money market was notably aasy and
advices from different Ssoants Ia the inter
Tor were o< large funds on hand The
statements Of 81. Paul.s earnings for the
second week In May, showing an increase
Of over xA.oo6 compared with the CORE
rain 10 e.
Letter deal VA IN progress. was taken 70
indicate . continued prosp~rens condition
of railroad trading London also showed
a favorable disposition toward American
railroads and advanced prices before the
opening here. And although part OF the
purchases were resoid later having some
possAsle strength In the. rate ~ exchanges
In London. the eaies were not Ia sufficient
volume 60 threaten the money MARKET
here More mature consideration ~ tire
continued strong position of eur interna-
tloanI commerce. Notwithstanding anfavcr-
able comparisons at sosssc points WITH the
unprecedented period Al last year. Tas
market gradually bat pe1psss entity hard
eFse4 under these influences early IN the
day, Central and Southern Pacific. c'ssiea-
gc Terminal the iron ard steel shares
Sugar and Tobacco and New York mans
ctrsi corporation stocks advancing
sharply. In ,se late afternoon the mar
k~: leaders undertook 10 psssh up Brook
a.y. TITS hey aid through aooa q ofyer-
ines and held II there tn tire close seven
points above yesterdays close. Peorse's
Gas thu Federal Steel ssackA. Isfeyna-
ficsasi Paper Rack Island and Aschsxon
preferred ara sr0sn ere n ssszr points
higher. The railroads shared veTy xen>s-
afly In the strength TIE close being quot
ant ard at me top
IRE Iarrs demand Tor scna. sought p~r~
sssssrsly for pretty Esnca Au issues nat
already ~ prnAsnst:ve prices TcsA; ss.ea.
"a - 40
T. q r~w - ard The oid - regissered
advanced = n tire I'D price
Money aad Exchange.
Money On csii steady ~ s1sa7s4 re~
cen. las. loan, - per cent prime rnsy-
eans1io pApex. Hn0<A Per eack Sterling