The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-12-14

opening loosen. which wss reflections from the for
The weakness abroad vas aus 10 the growing 50
riotsness q the situation Il the British campaign
IN South Africa. London was . heavy seller in The
we'll absorbed rs. granger. ross notably above LAST
nights level and sugar and brcokiyn nsnslt also
1scsn. But dSp,"s the isstsr ps q
the day. the operation In stochs shut ther eyes 10
everythinS but the gloomy Apprehenscns over the
was at time stringent and. in the late dealings.
the rate for call money ran down 70 u per cent
Pennsylvania railroad to distribute stock. par. to the
extent q 70 per cent Of the capital; came As
total ,urps s ana ndsr ordinary re-
MARKET II lifted Pennsylvania points and New
York Central 2 and caused . temporary lull in tho
montars. Equally without eject was the extra disi
dend declared on Northern Pacific common; bringing
n sugar 70
. IN q. an.l dealings sus.. went u point. below
preferred s. Great Northern preferred T. Mctropoli-
tan Z. American Tobacco 81 and Laekawanna q
Although losses In the railroads are not SO wide as
q rule. the liquidation in them very heavy. Tho
declines reach points In st. Paul. Louisville
and q number q the coaicn. and exceed points
The conditions were apparently much easier in the
money market, but sentiment regarding the outlook
was exceedingiy fevesh and unsettled and the street
was full q contradictory rumor regarding Develop
ments The violent bump In sterling exchange rates.
DOtn mere ana o<hef poe4ls, mako " bufncteutAy
evident that London was the real seat Of trouble.
and apprehension was expressed Of future difhcui-
ties there The denial of yesterdays canard OF
loan Of Sl0.o0o.00o BY the Bank Of France TO the
Bank OF England was Q potent influence In upset
ting tho market Indications pointed to hope, on
the part Of London Of obtaining gold In New York:
The old story Of loan BY the banks Of the United
States to the Bank q England. was revived. with
the additional detail that the banks had accumu-
lated government bonds which the secretary Of the
treasury was to buy. thus supplying the needed gold
from the United States treasury. The amount rum
ored was 81. 900.
In the morning the Canadian banks were said to
be calling IN their extensive loans with view OF
remtting gold TO London. but in the afternoon came
ceived s2.oo0.oo0 IN gold from Canada since Friday
and have been free lenders Of money today. The
fact that tho subtreasury this week has already alb
sorbed 81 sos 900 from the money market aroscs hope
in speculative circles Of measure OF relief by
the treasury department. But the certainty that
any plentiful supply OF money would necessitste
shipments to London on account OF the imperative
needs Of that center. deprves the stock market OF
any hope Of real relief until the situation In London
becomes easier
Bonds went on sharply in the late dealings, but
declines were comparatively small compared with
thoss In stocks. Total sales, par. value N.w6,ooo
United States 5s advanced in the bid price.
Money and Exchange.
Money on call firm. SA@s per cent last loans
per cent closing at ruling rate OF per cent Prime
mercantile paper, 5idG per cent Sterling exchange
strong with actual business in bankers bills nj sos
"a s63 for demand aud at sla@4 si for sixty days;
postei rates a. saN s2F and a s6d4 s6A; commercial
bills, s. Snd4 soi Silver certificates. 5e@5sac bar
silver 5ad5gjc Mexican dollars, 47ic. Government
bonds strong; state bonds. inactive; railroad bonds
weak.