The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1900-06-19
NEW YORK.


NEW YORK June Is The stock market dises,et
a lsTss amount q liquidation today AZ shat seems
slight expense % values. considering the appear
snce Ct the extreme weakness manifested ey the
MARKET al timess This result WAS due 20 the tact
that prices were lifted IN the early dealings %
level somewhat above saturdays Close. and that
there substantial rally in the late dealings on
covering ty the rtotesslons. tssrs, who had lsSea
advantage 81; the softnczs Il the market - put ont
extensive short lines Hut the weakness q the mar
kct was none the less evident BUYING throughout
the dAy largely frum the short interest and
from inside interests with the purpose Il supporting
prices IN their own stocks. Preparations for this
had becn made on an elaborate scale In expectation
u acute depression on foreign exchanges. az "
sult u saturdays development In Chinese conTrli
cations but the weakness in foreign MARKETS v&s
not extreme A. had been feared partly owing 90
tie fac, that the alarming rumers 81 the Destination
II the forrEn legations in Picking and the death II
The German minister was smewhat ctseiedtied TINS
morning IN speculative circles Prices Of American
stocks advanced in Louaon before the opening hrFe.
and London bought stocks o. some companies here
az the greuiug, while selling others The attitude
q London gave color 30 RECENT reports that s1me
u the principal hear operators a. the New York
exchange now shroad have been operating On the
short side Il the MARKET The character 81 the buy
ing suriciently manifest from tho duincs- into
which the market quickly sank when IL rose 10 and
above saturdays closing level The bear traders
active during the dav, seeking 20 stop
loss ORDERS and they had considerable suecess all
through the list IN which the excitement ased The
declines az one time averaged from 70 u per cnnt
for the principal active stocks. Minneapolis St
Louis fell abruptly points. with final rally q 2.
Canada southern, Chicago Great Western preferred
A. Chicago Great Western deben,urc-. Chicago Tot-
minal preferred. Hooking Valley preferred and Den
4 Rio Grandc preferred lost from 20 g. North
preferred q and faosawsnua u. The hnal
rally lssened all these lssss and entirely wiped out
some q the smaller
The steel stocks decidedly irregular. National
Steel declining "a American Hoop. Tennessee Coal
and Republic strel preferred about points each
Federal Steel American steel and Wire and Colo
Tad0 Fuel irm. The tone a the market
steady and the majority a. net changes were small
The total gold export. s. 5000 TO Germany
not without lis effect the weakness 81 the mar
ket and further engagements looked for later
in the week Ter French steamer.
The suhtreasury has taken nearly a.oS,o0 20 the
hanks since Friday. aud New York exchange al
Chicago rose further 20 SOC premium. But the gov
enmeuts call for deposits 20 the amount Of S. co..
90 must 10 met BY the banks hy next week, and
the period for the return flow Of currency 20 the
interior 10 move the crops Is approaching The
suits in the money market subject 20 Increasing
suymise Meantime. part ~ last weeks loan ia.
crease is attributed to operations hy oonserya-
tive houses here, which awaiting Themselves Il
the low rates for time loans 10 themselves
aRainst any further contingency.
The bond market duh by comparison with
stocks aud losses were not pronounced Total
sales. par value. si.sOcD
United States old Is aud the s. declined In the
hid firire