The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-11-14
FINANCIAL AND
STOCK REPORTS.


NEW YORK. Nov 1.-The stock nasrket showed
shortliyed hesitation after the opening this
art hzesses for the ct IN. aay aaa the narks.
closed quiet and firm ~ ah<gt ths toc level and
~ an average q prices point OF rscre above that
of SATURDAY. Early Hesitation caEsed by the
EeneSl eonsicticn that the increased deficit IN the
banks surTlGs reserve. shown By the Saturday
tica
There was iszs. demand fx money during the
DAY bat IL became NANTES, early that there WAS an
abundant supply. The tears who soid stocks Safnr-
DAY. 10 Anticipation Of forced liquidation. began
promptly today TO buy 20 cover their short cur
tfasts. THIS Was . Considerable element IN tie
DAYS strength So also was the buying for Lon
dor Account. which reached much Sc 3G shares.
This hnyins, eessdss its direct effect had ssnti.
mental influence as indicating reserve force m tnas
market against possible Withdrawals o. gold for
shipment 10 New York The course Of the !ervisn
earirtis in .peeiatis. 'e circles hat soa imports
are ncar a: hand The tone Of the exchange mar
kss during the day was characterized a. democrat
lied Demand sterling sold At one time during
the day AZ Concession below Se5 Al that rate
IL is beiisred small ioss would be insoised IN the
Importation Of gold But IL the belief on sae
Stock Exchange that such an importation woild be
undertaken for the sentimental effect on tue Sc
cfiy1tics market.
The exchange market ssraiisd somewhat with the
late fall In the money rate The limited calling o.
loans made II manifest that the contraction of
credits last FRIDAY had placed the banks III a
better position than fuly reflected in the weekly
bank statement Large loans were made Oh &C
count Of the local trust companies and the rate
was foFcsd down from the opening AZ u per cent.
TO per cent There was SOME relief % the money
market from receipt Of over x.Gn.eo gold frofa
GIBBS and several hundred thousand dollars to the
assay. account Of gold deposited 1T anterior
points
Outside financial institutions said TO be plae-
ms loans a large scale in the stock market
suggestion of possible OF relief Tor local ecE
rceFs. aside from the banks. Is found IN the last
balance sheet of the Manhattan Railway Company
where the item Of loan. call. far Sent. - isfs
had expanded SIS. GO 900. compared with the
yesF before. The fact that the gneeral course on
prices o stocks during the past six weeks has been
upward while the New York banks have been stead
lis contracting their credits indicates that borrow
ers have had other sources OF supply ON winch
they have freely drawn feature OF today money
market was the enlarged demand in the stock mar
ket for time loans. which were firmly Reid at per
cent =,
Prices of bonds did not fully respond 70 the
strength in stocks but there were sharp rallies IN
seine Issues that showed early weakness IotA
sales par value 81 ss5 ga United States 70 regis
tered advanced and the IS IN the bid price Ihe
IS dselinod J.
Money and Exchange.
Money On call easy. sGs per cent last loans.
rer cent. prime mercantile paper SOS Per cent
Sterling exchange weak, with actual business IN
bankers bills at AsGi 5t for demand. ana az
sse7ai 81 for sixty days: posted rates. sisifase1s
and 81 sssds 81 commercial bills. 40; silver GER
tifeates ssr15ec; bar silver. 5sc Mexican ooiiass
Sic Government bonds. Irregular state bonds
inactive railroad bonds. irregular.