The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-10-22
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NEW YORK.


GEkBEe IhfHg3 tny hotffta6f6 m5ttmfht pfIt69
during the two hours Of trading The bears ware
nnsbie 10 attach the industrial specixties when IT
became evident that the bulls In aggressive
mood SALES for spot account ware In esiesnos In
the specialties, some II which dropped az point
Realizing also manifest In Pullman
and New York Central hut ths decline in prices
brought CIT no large ofeTings the steeks, and
tbs beav had generally covered their contracts b.
fore the bank s.Atsns.t appeared. hr3ngins prices
back % about last nights ievsl. nominal In
crease In the snrpsus vas seized upon b. the
bulls 10 rush VI the price 81 Sugar In ~ attempt
e induce following They were - unsuccessful As
tbs bear. and realizing caused . reaetionaU ten
dency In the whole list, which vsry narrow 10 it,
activity The closing therefore sasy II trivial
The main features Of tn. bank s.a,em.n. we're
repetitions Of those Of last week There u nothing
In It to encourage an sxpsetation Of easier money
but - last weeks similar statement led 70 re-
newsi Of the money stsnsency. the stock markst
inclined 20 the visv tina, this weeks showing might
s.d 70 .:' .," 70
during the past week. In face Of the loan esntsar
tien reported hy the h.nks q ssas 100 The stock
Aow to interior points during the coming week
There are limitations Of large holdags Of gov
srnmsn bonds by hdneisry institutions. ths antic-
pased interest upon which will be applied for next
week. and 80 b made available Tor the moneJ
market.
stock operators have caussd confused and irregular
movement Of prices A the professionals were siIl
largely committed to the short side the closing up
Of accounts has resulted in higher prices Tha; the
short interest has sees largely reduced a. q result
Of The weeks operations and the strength Of stocks
thus technically Weakened j. safe assumption.
The bears Nave had their professional opponents
to nsct who were quick &c bid ur prices where they
detected demand frcm short interest. The bears
individual stocks and spreading alarFist rcports In
hope Of inducing holders 10 sell The growing de-
termination Of holders not 10 eel at the lower level
which prices had reached toe source Of the I'M
easnsss in the minds Of bears Operations have been
almost entirely confined 70 these professional maneu.
vers, and the public has been no faetsr in the mar
In the hond market there was quite steady Alb
sorpton Of long term. well secured bonds. at be
ns prs.sr. FOR in1.s,m., for esn.s eon,snsss
With that rais Of return in spite Of the higher Ia
terest yates on money prevailing This development
In bonds gave = hrmsy - the stock 1Arkr.
where the level n prices In many cases ut pres
ert dividend returns Inconsistent with the hgA
interest rates ruling
some .sssrn.ss 70 sss Funds placed on time at exist.
Ing rates This desire has led TO concessions for
small periede The Central Pacific adjustment made
ssry large demands en- the money market on Mon
day. and the fact that the demands were met with
out creating earry added to the disposition of
hears 70 cover contracts In stocks II was argued
also that the insigniscans volume af applications
for the government interest offered In anticipation
Of maturity indicated that the appearances Of
money sthngency somewhat exaggerated
The official compilation Of the September / re-
ports Of the national bank. Of the whole country
showp that the losns which bad been called in by
New York hann had eeen put cut again BY other
oanhs IN he rssre:s q the coansry's business eI
to september Of SO oos 90 represented specua,ea
liquidation in the stock market white "a. increase
N iosns Of outside banks Of 80 oe 600 Indicated In.
dustnal expansion The exhibit cannot be called
grfaverahie. even from . stock market standpoint
u interest values considered rather than spee,,
iative heom values That New FORKS loan ccntrac-
ton since that date which amounts to ever sc 80
oo. has been diverted into .he same healthy chan
nsls. ihsrs is no room to question The incidental
doubtful industrial stacks has materially tssseneai
their psssihfs power for mischief In case Of rdee
ress. in which sterling exchange Is lowering nesr
the geld cspoFt paint, there Is likelihood 81
money declining TO point 20 invite sctivc speogla.
item III stocks. II would he striking sAomsiy for
gold outward at this season. which is the
usual period for imports In face 81 the mos, pros
rsrons year In the history II foreign commerce
While the excess IF merchandise exports over
imports fo- nine nantA. this rear Il about SIS noe %,
less than last year eur pct tnposs e sold for nine
rsoaths this Siss8. so less than last year
according to the ASares Of the treasury bureau Il
stztisttcs
The trade balance in cur favor anliqaid.reassy
SEA payments. ts therefore So se 30 greater
shis year than last totf experts under these cir.
crs,ns,snSss would that in spite a. the world
owing the largest debs for wear IN ORR his.
tory y. sr~ ssill the better s,lpplist With rr.v
and csn ssuga herd
TIE market fer t<snds has bsoaarnsd out during
the week sni prices have Improved United States
twss and old fears. registered advanced in the
It'd prize
The Hank Statement.
NEW yonN. os' - TIE FtnsneieF sass the
cash result nf .Ae operations II the w~rk grst
elapsed hnt the reaae;ioo ~ requirements
- the ss'est y ii az ~. caahis~s thsTn TO ADD
@Asasstinx ever so - A4 ssa-nluS ;vtns4ry ,hc
cs>h ~ ~ st.:tiss rs cash decrease vas
tus entirely 10 the aosesasus e funds - nc
nor suht-esssFv operations having h-~n IN fsre-
y tie hsrks
T.. sssess.Jsns feature # tAs .tatesseft n.s in
'ts rret,rns<i dsstsass ts tasss n2a deposits ever
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the Aaess hsse rsae~a tesf eulst ass,.tug laans as
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tlss 80 30 As indicating tar csnsvs operating
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