The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-10-20
NEW YORK.
The stock Exchange.

NEW YORK. Oct Ts--The stock market showed
signs Of continued strength during the early part in
the trading and the covering movement among
large outstanding bear interest conlnls in active
force The professional opponents Il the hears did
AL taey could TO take the market away fE1,n them
b. bidding up prices picking cat iadisianai stocks.
fer that purpose. 10 increase the Appearance Il
strength in TIE market As TIE demand frora tbs
bears fen OF later III the day the fact began 70
emerge tnst there very eager demand for
ste<As among tire public al Large and prices began
~ slip dOSnwards seeing the besitaucy of the sd
vance tie bears TOOK renewed courage and tut @it
new short lines The fa4 IN prices was considerably
Accelerated during the last hour and the demand 20
coSet ss the decline sufficient 10 cause only
ieebe rally lie closing VS. barely STEADY and she
earlier gains practically all wiped cut. The
or over. II large number a prominent railroad
stocks and. In some N tie industrial ssecaitiee.
ranged trofn 70 over p1nts The railroads
running through the southern region Into
prominence late III the dsy account Of tine general
activity aud prosperity o business Ia that locality
ard relatively Larger increases IN earnings shown
by lis railroads Illinois Central. Louisville *
Nashville. Southern Railway preferred Norfolk &
Western preferred and Chesapeake * Ohio all
lisled were better maintained than al oter points
individual strength vas shown also by Colorado *
national Paper stocks. Northern Pafiic, the Heck
ing Valley stocks New Yogk, Chicago 4 St Louis
frst preferred. American Car, American Linswd
oil and Chicago Terminal Pullman reacted sharp
ly after its prolonged advance rece3ing eItreine
points and losing II net Consolidated Gas fell
and So. - ahsr,, .s 10 ~. a.,
ness The reaction much without eIpiana
ton as yesterdays advance and could only be At
tTuted 70 the closing Up Of professional operations
Cali money ruled at per cent for most q tho day.
but stifeaed TO per cent before the close
The coming bank statement is the subject OK
mise and observer. are unable TO figure Any fIn-
pgovemeUt The movement II money to the interior
shows some falling u1. ht stin continues Ia that
direction. on balance. and the colrse Of New Ygx
exchange at several important points continues down
ward The sub treasury has taken more from the
banks and the applications for anticipated interest
ed inst .Dn
cant With NJ gain in cash resources from any
source the condition II the banks could only have
bern strengthened by further contraction in loaaa
The actual rate for demand sterling up ;e
to-day Cotton bills continue exceedingly and
the demand for exchange quite large This demand
Is attributed. in part, tn the requirements for
mittaace, On account IT the conversion Of Central
Pacific securities. The possibility Of gold exports
depends upon how much further this demand shall
extend. The rate for demand sterling is now only
under that st which gold went out earlier Ia the
year
There 4 notable broadening in the bond
market Tie tone Is generally strong Total sales
s2i91.T1 United States IS advanced ! IN the bid
price.