The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-10-18

NEW YORK. Oct E-There short lively
demonstration by the bulls in the stock msrke, TO-
DAY before trading suspended. Early gains were
largely enrtailed and in some cases more than wiped
eat
The strength was attributed 10 various causes
The temperance this week upon the hcor Of the
exchange of several operators who took large part
in last springs big bull market, and who have
been away on long summer vacations. gave some
thing Of fip 10 hilish sentiment The quiet tone
Of the money market yesterday in face Of operations
incident TO the change Of old Central Pacific
tiles for encouraged sentiment for rise.
There or two stocks In the list which were
notably strong. from individual causes. which
helped 10 sustain prices. Among these were Pull
man ard Great Northern preferred, although the
latter more than lost the early gains, The Bal.i-
more 4 Ohio stocks were eousricuously strong, the
common rising extreme q and the preferred
La C'ede Gas continued its advance. and reached
high a. 50 The SranSers. fc'isyiile Nashville and
Southern Pacific quite well taken early 10 the
day. apparently hs public interests The public
was not in evidence At any time during the day.
Cali money continued at per cent. below in
spite Of the fact that many banks report their cash
still below the reserve Blu; while the money rate
pecialiy those elassed green in Wall street
parlanee showed signs Of weakness. might happen
II they subjected TO discrimination by money
lenders In the shifting Of loans The Glucose stocks
were notably affected the common dropping nearly
9 points and closing near the lowest. While the pre-
ferred lost 81 The iron and steel stocks as
group also weakened simultaneously. Steel l. Wire
leading. with an extreme decline Of a. Others Of
the group suffered TO the extent Of between and
helped ont pretty much all the gains which had
been established. Prices struggled upward In the
final dealings 10 level for the most part slighly
above last night but the sympathy seemed taken
ont Of the movement There was warning rally
in the rates for foreign exchange during the day
which was not UNDECIDED. Signals Of distress were
in evidence in the German market and sterling e1-
change fell sharp st the contineptal centers inrd-
ing Paris. Discount rates In London responded with
an advance. and exchange rates here both on Paris
and London, rose in sympathy. Added 10 this the
fact that money is still going 10 the interior il,
considerable volume that government psyuen,s
through the snbtreasury. are again falling OF
promising renewed drain the money market on
account ~ revenue receipts and that application.
Tor anticipated payments for government interest
continue on small scale ard the outlook for easier
money Is not promising This consideration wss
sufficient to give pause 10 the efforts to advance
prices
The bond market moderately active and
prices improved Total sales s. 005 900 United
states bonds were unchanged in bid quotations
Money and Exchange.
Money on can steady. sac per cent las. loans
per cent prime mercantile paper ssds per cent
sterling exchange, strong. with actual business in
bankers bills at 81 s5id4 s. demand and AT s, seu
aS SIXTY DAYS: posted rates, 81 ss-s 81: crsrnmer
ch bills. Hsls silver certificates 5stGsar: har sill
yer. 5sc; Mexican dollars. i-e: government bonds
steady state bonds inactive railroad bonds strong