The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1900-02-20
NEW YORK.
The stock Exchange.

NEW YORK, Feb ls-The outside public still
today and operations continued wholly in the hands
Of professional traders This element made an at
tempt TO force a continuance Of last weeks reac-
made upon the cash resources OF the banks. Todays
statement Of subtreasury operations showed loss
already since Friday to that institution Of s421 900
This showing helped the bears in an early raid on
the market. which wiped out the opening gains aud
carr prices generally below SATURDAYS closing
causes and helped the reaction Pacific Mail
Peoples Gas and Third avenue showed continued
weakness and Pennsylvania was depressed
ports Of trust involving many million
dollars The bears did not succeed in bringing out
any large offerings and were driven 10 cover ON the
development Of aggressive strength in several stocks
including Sugar, Rubber, Chicago. indianapolis and
Louisville, Tobacco, General Electric tackswanna
and Third avenue. The most potent factor in the
rally the large increase In earnings for the sec
ond week In February shown by a number OF rail-
roads Norfolk x Western made the most striking
exhibit. with an increase over the corresponding
period OF last year Of si3ls 5s. which Is nearly s.
per cent This resulted in a. large absorption Of
pathetic effect on all the btuminous coal carrying
roads contributing TO the rally in Pennsylvania and
Baltimore g. Ohio Toledo nd Ohio Central showed
increase in earnings Of Is per cent nf the second
week in February. The evidences Of the large de-
mand for bitumnous coal were coupled with reports
of increasing use Of anthracite in steam produe-
ton because Of difficulty in obtaining soft coal
The anthracite group showed the effect Of this infu-
cnce and OF published forecasts Of the annual state
ment Of Lackawanna which il to he published to-
morrow, intimsting high percentage Of earnings
an increase OF n per cent In earnings for the week
In the southern group Louisville 4 Nashville made
q showing for the week which was 81 per cent bet
ter than that Of last year, the increase In gross
earnings amounting to Sis6.3f5
All the returns received show striking gains
though those enumerated the largest The
cotton carrying roads especially showed recovery
from the recent low level Of earnings. and adj
vanced In price in CONSCIENCE The tonic effect Of
these extraordinary earnings proved too much for
the bears, and they forced to cover. The con
tinuetf Of call money, which ranged from TO
~ per cers neutralized the alar st view Of the
money market outlook, Some slight effect was pro
dueed also By the reports Of further British sue
In South Africa, Erie Telephone rose buoy
antly some points. Dealings not on a large
scale and the market fell iull before the close but
held quite firm the top
Business in bonds showed some falling on In
volume and price changes mixed. Total sales
par value. 81, $500
United states old "a and S. advanced 1 and the d
! in bid price.
Money and Exchange.
Money on call. steady, 1924 per cent last loans
- per cent; prime mercantile paper. @s5 per cent
sterling exchange. arm, with actual business In
bankers bills at Ns7fatss for demand and AZ
NAtdis4 for sixty DAYS; posted rates 81 sSd4 ss5:
commercial bills. slssaf4 silver certificates 59}a
6e3r; bar silver. s9ic: Mexican dollars ,7lc; govern
ment bonds, strong. state bonds, inactive; railroad
bonds, irregular