The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1900-08-26
NEW YORK.
The stock Exchange.

NEW YORK. Aug z5-weakness vas pretty gen
orally manifested throughout the entire stock mar
Eet today, but as the offerings Of stocks we're only
fairly large in Brooklyn Transit not much Of an
fnroad was made prices. Early hesitancg was
succeeded b. rising market, but the entire list
weakened in the late trading. the publication Of
the hank statement and liquidation IN Brooklyn
Rapid Transit Numerous favorable weekly state
ments Of earnings to hand. but their showings
without avail in sustaining prices. Respect
ina the recent activity and strength in 81. Louis
Southwestern, the duly statement made known TO-
day is explanatory. The report showed gain Of 80
Der cent in net e2tninzs ever the corresponding
period a year ago Estimates as 10 the extent TO
which the banks bad recoupad themselves sub
treasury operations and the interior currency
nent for the loss Of cash last week not borne
sut in the official report The discrepancy is thought
TO Be due 10 the complicated system II averages,
which does not indicate the banks real strength.
Results in the stock market this week dis
appointing to bulls and bears alike. Willie the
ket was unresponsiFe 10 good unfavoratle re-
ports failed @ create any marked liquidation The
floating supply Of stock Is admitted to be small, ow
ing 10 the absorption q prominent interests who
have perfected projecting various deals. With
the holdings Of investment interests to be ccnSid-
cred caution necessarily surrounds bear operations
No important bull pools developed. but there were
some movements which had A nsnipulatire appear.
anee The hest illustration Of the Of the
market was sttested by the changes which occurred
in special stock when large selling or buying
order made Taking into consideration the
changes in market values that made through
the operations. the paucity Of realizing supply and
the inability ~ the market TO digest easily ar,
parent When conditions like this arise general
interest In fluctuations and the market Is Civ
10 traders whose operations are Of the dar-
to-day order. Whist produces the general stagnation
IN financial markets the world ever becomes Of in
tsrest- aud opinions vary to the cause. With the
unsettled Chinese situation aRtafing civilization
measures to recoup the treasures OF the rarions
nations involved for the mmense Sums expended
discussed. American dnancers are we'll forti-
fed against possible unusual drain Of gold and
banks are steadily strengthening their petition by
increased circulation. Foreign governmental insti-
lions are also pursuing to enable them to
meet the enormous expenditures Of their respective
governments. The position Of the Bank Of England
vas considerably strengthened by receipts Of gold
from here and the colonies. Retrenehment as for
some time past, continues 70 be the policy OF the
Bank of France
According 10 trade reports a distinct improvement
u noted In various lines, but the volume Of business
Il not up to the average owing 10 the unsettled
state Of leading industries and the usual contraction
In a national election period No essential change
occurred in money market conditions Payment hy
the government hy refunding operations and gains
from the interior have practically restored the cash
loss TO the hanks Of last week Stocks moved very
irregnlariy throughout but worked lower toward tho
close on sales by tired holders Various factors com
bined 70 infuss activity in special issues but al
though rumors plentiful, definite news de-
veioped. II mattered little to the traders what
snmbancc Of truth surrounded special moves as long
as they afforded an opportunity for profitable turn
Foreign support, which last week was an effective
backing withdrawn. and although sales were
small. the sentimental effect was an aid 70 short
sellers.
The bond market shows periods OF activity and
strength, with exceptionally heavy trading in the
ct Louis Southwestern issues Irregularty became
quite marked in the closing Of the week
United States refundIng %, when issued declined
l. but the new Il advanced per cent. in the bid
price