The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1900-07-19
NEW YORK.


NEW YORK. July s.-The bull party desisted
from its efforts 10 advance prices today and the
cent appearance ~ activity due 10 It's operations
promptly gave place again to something near TO
stagnaton. While the pressure 20 realize was not
severe 4 was evident that the recent demonstative
buying BIZ the hull party has failed utterly to at
tract any demand from outside sources. that no
marhe, Is offered for taking pronts
II IL not difficult 10 faretell what would be the
effect under these circumstances Of the selling out
q recent speculative purchases Apparently the
principal reason for the cessation Of the bull man
ip,lstion WAS the demonstrated futtty ~ the at
tempt TO attract outside buying Predictions Of
dividend action ~ Baltimore 4 Ohio ARE 80 far dis
credited that the stock went backward today. and
even Union Pacific, which has been advanced by
much aggressive management, fell back al
most as much, the latter losing Ia net and the
former u The increase In the dividend rate Of ini
nos Central apparently did not add 20 the crcdencc
given 10 the predictions OF other dividend ncreases
Yesterdays violent rise Of points in Pacific Nah
and the strength Of the Pacific railroad stocks was
fully explained by todays detailed reports Of the
charerins of steamships in the Pacific by the Unit
ted States government aud in the Atlantic by the
German government for in the Pacific 20 trans
port military supplies to China But the inviting
prospect thus offered for lucrative traffic for the
uansoontncniau railroad lines Offset Today by
some ether considerations of the results to
from the war in China. Wall street has not given
much attention hitherto to the check In export
trade in textiles caused by the unsettiement in
China. The uneasiness caused abroad by reports
Of Boxer inroads upon Russian territory brought
sales Of securities in New York for foreign
and reminder that forced liquidation abroad might
throw considerable burdens upon the New York
mafkst. Inc shipments OF gold q
reflection Of the money needs o. foreign markets.
which no. unlikely 10 grow acute II the gov-
crnment expenditures for should become large.
Today's engagements amounted 10 81 200 .00o which
than 81 900 900 less than anticipated. A
further sharp advance in sterling at Paris reduc-
ton in the Bank Of Engisnds price for American
eagles and a slight decline in the London rate Of
discount were all Developments towards lesssning
If the attraction AZ Paris for gold An advance In
the Bank Of England rate 81 discount tomorrow ia
not felt TO he certain now a. Yesterday. The i'm
rnedista continuity a the gold movement il
thus felt to I've in doubt But II military operations
are 20 he carried in China the needs 81 foreign
governments for capital win certainly converge upon
New York. q this Is the cheapest money mar
ket In the world hut the uneasiness Is caused by
the conjecture TO the effect upon the New York
money market when the interior demand fox
ing crops Ia added 10 the foreign demand The
money market in New York continues dull hut
funds for time loans for the longer. periods are
The bond market continued dull and the fae,ps-
lions we're uneven Total sales par vslne. tas.eG.
United States - registered declined l and the
u In the bid price. The u coupon advanced
l and the old Il I per cent
Money and Exchange.
Money on call. liai4 per cent Prime mercantile
paper. afsal per cent Sterling exchange. easier.
with actual business In bankers hills al Ns7 for
demand aud at 81 sl for sixty DAYS Posted rates,
81 IS and sl.ss Commercial bills. ss8d4 az Bar
silver. Clio per Mexican dollars 4sic.
Government bonds. irregular. State bonds. inac-
Railroad bonds Irregular