The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1900-03-09
NEW YORK.
The stock Exchange.

NEW YORK. March s.-The market was prae-
ticaiy relieved today Of an disturbing features in
ports all continued favorable regarding the outlook
for values, but the demand for stocks almost
ment based on large earnings of railroads, which
has been in evidence for time past, dropped
tiIeiy from commitments for the advance GU the
other hand, the hear operators Of any considerable
calber seemed to become discouraged by the futity
OF their enorts and the elimination o. events
counted upon for reaction They made
demonstration against the Peoples Gas. Consoli-
dated Gas and Metropolitan, but no effect was
produced on the general market
The room traders tried to set the sluggish train
Of prices in motion. but in vain The price changes
were scarcely sufficient to cover brokers' com
mission and the inertness Of the market increased
In proportion to the distance frm last night =
level, the tendency being to back TO that
level from either below or above it The iron and
steel stocks were generally finn the encouraging
opinions expressed by authorities In trade The
maintenance Of the St Paul dividend at the exist
ing rate found no response in the market it
reported agreement q western railroad presidents
ence over freishts. the determination to advance
bituminous cual rates the lakes and additional
gains reported IN railroad earnings were all with
The published report Of a proposed increase in
the neIt dividend Of the preferred stock OF the r
OF y points Rio Grande Western was notable
for a jump Of nearly points There was contin-
usd doubt and apprehension over the capacity Of
the money market to get through without pinch
TO the period Of relief by the operation Of the cur
rency bill
The possibility was csnvassed OF action by the
treasury department to the deposit of in
ternal revenue collections with the banks, bu, no
authoritative sanction given for such possibility
The absorption ~ funds by the New York sub
treasury since last Friday had already reached
soJlooo up TO the close u bushes, last night The
total revenue surplus taken up by the government
since the first Of the month up 10 the same date
amounted TO only 81 @s 2t5
The special drain thus indicated upon New York
banks Is due to the large custom. payments by i'm
porters imports At present running very high
As an incident Of the active demand for commodi.
ties and the payment Of the duties Is diverted
from the New York banks into the subtreastiry The
demand for loans for purchase Of government bonds
continues large. These two factors threaten the
carly ooliterstion Of surplus reserves q the New
York banks. Wv
The bond market wa, not active {. yester-
GAY. bnt prices were firmly held. Total sales were
Nbo@o United states IS declined and the new
a in the bid price.
Money and Exchange.
Money call. steady 2s24 per cent Last loans
per cent prime mercantile paper sIs5l per
cent; sterling exchange firm, with actual business
IN bankers bill at sfs6s for demand and AZ 81 sllea
ts2s for sixty days commercial bills 81 sila4 "a.
silver certificates @.@slc. bar silver. ssie MEXICAN
dollars. Hic; government bonds. weak; state bonds
strong: railroad bonds. firm.