The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1900-11-17
NEW YORK.


NEW YORK Nov ls-Aithongh today's business
n stocks did not recover . the inll measure O
trading and the showing Of strength were the most
imposing and substantial that have been made
since the election. The feverish and sensational
movements isolated stocks and the indscriminate
rush to buy yesterday in lump were not shown
today Instead there was steady end persistent
absorption Of stocks OF the best character. with
legitimate speculative prospects Of increased earning
power or increased security. BY reason OF added
earnings for Junior securities. In the early deal
ings the speculation showed disposition to look
for leadership. and powerful leaders were at hand
to inaugurate inviting advances in almost every
group on the exchange. The absence Of realizing
pressure, as the advances were easily made.
couraged the growth OF the demand, and strength
was disseminated all throuAi the list The Eastern
trunk lines and the coalers rather conspicuous
exceptions and not largely traded in nor wide
" moved. but there positive weakness mani
Tested even there. There was no important excep-
the stocks Of railroads all the South and West,
including the transcontinentai lines. the strength
was astonishingly uniform. There was scarcely
! railroad stock traded in which did not gain at
least point. Not few rose points or over.
while Burlington and Atchison preferred gained.
made a good showing Of strength. The preferred
stocks Of recognized roads were evidently the IA
vorites in the speculation from the way one after
ing. Those with prospect Of increased dividends
and those already receiving their full dividend
rights were notably strong. and in Colorado Fuel
the gain was az, In Tennessee Coal 3%. and in
Hoop preferred 81. Others OF the group gained
points or more. The local traction stocks and
the high-priced industrials were strong, but
not conspicuous. General Electric got up another
6h points, Consolidated Gas much, Brooklyn
Onion Gas "A while New. York Air Brake made
Of its characteristic SKY rocket flights Of %
points, reapsing half that amount The growing
strength Of the market evidently due to the
determined buying Of the class which held aioof
from the excited trading after election. confident
that a reaction must which would leave the
market healthier. even though at higher prices.
Profits on the days advances attractive enough
to induce selling toward the close. but the effect
upon prices was slight and the closing active
and steady.
The substantial character Of the buying was even
more manifest in the bond market than in the
stock market. with highgrade bonds coming into
additional favor. Prices very generally higher
Total sales. par value. $3.50 go
United States bonds unchanged on the
last call.
Money md Exchange.
Money call. sd4 per cent. last loan. 81 per
cent Prime mercantile paper 4ied5 per cent Ster-
ling exchange steady. with actual business In bank
ers bills at A.aM for demand and at sLso5s for
sixty days Posted rates. N.sih and Ss.s5h. Com
mercial bills, 81. a0d4 .s0h
Silver certificates. 64@tSc; Bar silver. Sac. Mexi
dollars. 50Ac.
Government bonds. steady State bonds. inactive
Railroad bonds. strong.