The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1900-03-25

extreme a. and retained its conspicuous place in
the market throughout Pennsylvania, In which the
transactions are rarely ON large scale was dealt
In 900 share lots almost as though that the
normal unit Of Transactions and individual trnnsae-
tons in the stock ran from that up 70 5000 shares,
which the size Of the block taken when the
price Arst touched is0 The trunk lines were more
OF less affected By this movement: hut the stream
u realizing held back the Norfolk A Western stocks
Transactions Of q thousand shares and upward were
frequent all through the railroad list, and blocks
Of soei shares changed hands IN Atchison common
and southern Pacific. The Pacific. especially Atchi.
SON. and Of the Southern and Of the
Southwestern group heavily dealt In all day.
strong There was some tendency to reaction In the
local fractions. and the iron and steel stocks were
quiet
Otherwise there was no important exception TO the
general activity and strength Of the list The clos
ms active and fairly buoyant An early inkling
was obtained Of the probability o. favorable bank
statement, based the growing abundance u funds
offered 20 borrowers. The heavy loan contraction,
ia spite Of the outbreak OF speculative activity, in-
dictates how important an element the buying Of
government bonds for speculation IA tying up the
money market The lAts rally in governments indi-
Gates that the principal liquidation on this account
has hocu completed The loan contraction by the
hanks resulted in decline In deposits 81 nearly
SHooeo. and consequent reduction in reserve
requirements Il Ng9l SIS As the loss was only
So 10 the surplus Was benefited 20 the substantial
SsIT.No
There vas not much change this week IN condi-
tons bearing upon actual values q securities but
number q Developments IN technical condition.
combined 20 csase an awakened speculative demand
Tor stocks aud an advance in prices Most important
the Appreciahle relaxation in the pressure on the
money market. which has for acme time deprived
tha tpeclatire element q available re.5urces with
Whi,h o. operate. Great oonh4ence has been ex
prcss-3 foT several weeks that the new currency
bin was Co result In essy money, but the prospect
~ easy money "a more difncult for Wall street ac.
tount than other favorable factors. because the
actual relaxation Of money must h awaited 70
aippy funds Tor speeulation A. matter 4 fact,
the present felaSstiou " the money market is not
due 20 additional supplies 4 bank notes issued
under the new las. bot rather 60 general chang
Inc % plans ~ national harta stir regard 20 tax.
ius cut additional drcalation For nearly two
moths there we've lsIee demssils Co. lasbs IN tie
New losk banks Tor re purpose Of buying govern
80 much Increased A. consequence that a hauldA-
unn = haltiug offered much larger profits than ihe
lssihg agt a circulation. There haze been lar.s
saift e slfer.nent bouds In consequence. with the
iuis0uca Z dcfsftins plans Tn tAhng eut adj.
uonsl circulation ANITA tonis eoad - bougai Ia At
sao,e4 a. ore time en- the stock srrhaaga A. idss
20. and "a Wednesday q tbs wers taey sd at
u.a Rat have hssn sts.dirF Tor the latter pat a;
ne sees fhls mersmyut O. take grsais IN gov
trnmsnts hts released iarrs ameaats q ioanAh3s
asus usd ID. by he parghksa q government hssI.d
daahtlsss tr.n.a rts Ter thr afrnnsss q Seg rarE
'rrlarEs ~ iuisrioE potats eafiisf ia The wtck he
rate 81 ttt1tso adeAncing e. - uaae % > 1snta
rra-.iEll Der thouazud fha aas1rEtian e cash b.
iaa Ns~ N1rs tlhtrrtsury LIS Materially ralaEed
ortag o. he ARE s'tau@sat payments ca scccnnt
tH-tt To- vlfhfrsual < furis b the govern.
l---t u''s'hs,ss.- -aa'iaue' hrss Eafig iR TIE
arsE fhs gattr-cted ASH 4leaaisnt q ne aN5uls.
tlau < Talfl Atenas ty TIE MslsopaItAn street
klluaF hsisri ne Huoaat q sh1fi sses q
i--t --..rst5s n ~ rssrsst M .ses.-s =
hr A.rts ta ua rolt frisatenei the bea1 ia
..lf g., b. sa5 ne. "a, a tfs1i- dsuaia g
H' e. Rear -4mpt-ga BAD esfn ia fal sHing
'...f Itft1As All fle'.aiuea resp asirl ll tTu-
lt lNH b. matu VIA grofessi7uA s,l,t
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