The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1900-03-06
FINANCIAL AND
STOCK REPORTS
SPOKANE.
NEW YORK.


NEW YORK, March 5.-Attention in the stock
market continued to be largely diverted TO the
feverish and excited fluctuations Of small number
Of stocks. Manipulation by the bears largely
responsible for the changes. In the case OF sugar
the operations Of the professional traders in
terruped by the unexpected action of the directors
In declaring quarterly dividend Of II per cent on
the common stock. This sudden tearing aside OF the
veil Of mystery rather nonplussed the professional
traders, who had counted upon a period Of uncer-
tainty until Wednesday in which 70 circulate vague
tips and to keep up an excited hnctuation in the
stock, with opportunities for profit both up and
doal fhe cutting in half Of the dividend
about what Wall street sentiment had settled upon.
But. coming suddenly upon the half executed plans
OF the speculative plans Of the contingent II left
them all at The stock opened under pressure,
but after falling nearly points encountered yig
orous support and was rallied to 1854 by noon A
2,0oshsre lot was taken at that price when the
pews became known Of the dividend action Enor-
selling for both accounts Immediately followed
and the price sumped by wide breaks with
sional spasmodic rallies to " Fluctuations were
wild on the recovery 10 par. The flood OF offerings
prevented the rise above that, but the reaction
to 80 large buying was again in evidence, which
rallied II to so1 where IL closed with n net loss Of
"a. In the half hour after midday transactions in
this single stock reached the aggregate Of
g. 900 shares There were sharp breaks in Tobacco
and Tennessee Coal at the time with the
slump in Sugar, but the general market was not
affected In fact the stock market. gave evidence
of Its relief over the settlement Of this disturbing
question by smart rally many Of the railroads
rising TO the best prices Of the day. The market
again unsettled in the late dealings by at
tack on Steel Hoop Peoples Gas and Consolidated
Gas, driving them down three 20 four points New
York Central reacted one and quarter. but other
wise the railroad list little active and retained
a fair sprinkling OF net gains Third avenue, after
having risen to 5si. forced down 10 81 In the
late dealings and Tennessee Coal also yielded to
pressure quotation Of 81 per cent made for
call money in the of the late bear raid
stocks. The money market during the day showed
sign 81 disturbance. and there evidence
Of liquidation being forced by the calling Of loans
London was not a factor in this market.
The bond market rather duh and irregular
Total sales. par value, $i,750.0O
United States bonds unchanged in bid quo
tatons.
Money and Exchange.
Money on call steady at 2i@al per cent: last
loans, u per cent; prime mercantile paper. iltfSi
per cent sterling exchange soft. with actual bust
ness in bankers bills at A,6si for demand, and at
As2a for sixty days posted rates Asiaisi4 and
"a s51Si 50: commercial bills, stsaa4 So. silver
tihca,es 5sfdealc; bar silver Sole; Mexican dollars,
4sic; government bonds steady: state bonds. mac
tive. railroad bonds. irregular