The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1892-01-27
An Effective Demonstration Of the
Bears, in Force, Against
the Bulls.
The Latter Inclined to Fold, Rather
Than q WEAKNESS OF
Holding.
No Important Change During h Week
-siicht support From Foreign
Ma~rkets-EfYec Of War.

greet. and IS Wall street, says: During
the past week there has been what may be
considered q healthy break in the stock
market. A combination OF influences has
favored the disposition of the .bears' to
make 4 demonstration in force aeainst the
..bull, side. The situation Of our relations
With Chilli has been made lnrid with war
paint. and the pens Of rumer-nongers have
been dipt in ensanguinsdin ink, az acconpani-
ments Of Sensational assaults on the 'sbulr'
position. Simultaneously, the dlsaefee-
mont bstween Mr.. Gould and the Western
Traffic association was distorted and sx-
acesrated into shapes calculated to excite
apprehensio,ns OF a wide spread freight war;
and what seemed to give color 70
these distortions was tbs fact that
Mr., Gould himself had nothing to say cal
cnlated to alla,y such fears. The still unset
tied differences as to superintendent of pro-
duction between the anthracite corpora
tons was also made to play an influential
rnrt in the tactics of attack. The fact,
ALSO. that Europe has recently sold a con-
siderable amount Of stocks on this market,
With the effect OF stitfening foreign ex-
change and postponing the expected re-
sunhpston .arr;c. -
oeen A1aoe 49,. = ..on.h
the bear assauls. lnsfe VS. ono.
material in his combination OF
circumstances to back a reasonable extent
Of selling, and it was skillfully used by the
..bear'' leaders, followed by the whole rank
and file. A vigorous demonstration made
on Tuesday resulted in adecline OF ono and
oue-half to three points throughout the
,;st NH. .,ccass. however. developed an
ils'. - go" 80 -. a;soavarn
excess OF snort saies' any = o,eooty
Of the dangerously oversold CONDITION OF
the market caused. on the following day, a
~ - .h,rt the range Of prices from
~ $50 ..ortad @
when tne oscline s.a a. ss.,aa a ,saf,, mr.
ms movements aas ssas hatwean th. two
pose. AZ a trlal O. iosce osswt tha s ssnni Imo
sides. IL mas oeno u, .h = ad.antsoa Aaa
have not yes loss ~. .Lo ns that thsra ara
tess OF ncs' ~ ha srh.+auar stncl ths
buyers lsaHy en- raw ~ tbam n tannt-
.bear. ttAoe.s may a y" ~ ths osnsrsl
ing prices; ns : ss = SHOWS the nerman-
ency OF the ppun sn4 h yasr;rsas ~
commune W noIu e 49, a,nsctat;on ~
noiolne; anu nuu sa - Tnasdav,s
= boom laIer On. ins . a;st;not min for
uen1 uas tnelo o oeou ~ ant;1;+r
tne maIKst' as ~ las - .Is - 80 ~.
- ...r&;,r -;tb 1opo stock
thas snole Wa ha - Che ssv . chance for
py pIuaens - avios sna ]aett;na in aoain at
saNlhE . pa PLY nn a va r.cnmmended
iower p,lces-she cooise "e ana nsams
IN OUT hasV auH W.. = =. rLat ;e ths moda,st;on
lng lsa.uls - ~. ~ nh.apc. ~ wild hnvinn
Q noluels nnu : bn1d;no in sana,;ns
n OF oveEtpels1seenS nsiu1;s :. ns;n..
w L - 49, aaS - ,o.c;h;,itv
nsyohu - lanso wsv. ~
snAs, . !. o1 49, .arrw ,r;cas
specpiasaxo thnn than s-a a. nresant. Int
NUN nikneL sna a. . vuJS ;naat;op Is ~ nrsss
u y plaih 10 ~ ~ SUI anrast md safast vsv
ensl ~ slsn'i aua az - +;ne ha;no ;s not ~
20 success. .ol = m ona at;el - ths,n
Pig ~ lIiso nst. * modorsta aSvnrcaa
s su " eaAO pt ~ ~ "a 49,. trha conrss ~
W. pay ouiy " III ~ 1optef aw noontha viii
sne. nlarAss ~ ~ ~ en- ma;ntain,mea
~ is.EVit ~ ~ mpdarnt;on A. condi-
slous = s."nu' No. "a 1880" -
RAM eAsisan9 au1aIs e. Nv .nsi - ~
Iolco prices Ialseiy ooIona nv nsn sa nats
are hos iiha.y W pay no' go "ae ~" .tont :
~ enom, ous ma1 oHn..y sss oas
oflneihG aoous naIp - L..a haal. ~
Men WIZ Wv = |. 800 nh;nh :; =
w eoMuaOlon a 'nT ha syan h n.ron. ~
mas Jnst emerged. Inc si.ua.ion' n1"evef'
nas " L .asnS., tt'4aInsata1,o W. eaa e
tul sono w AIsqueno
not spo,lea ~ ene eAcsases =. orer sangulns
-pulis,- u an1loa ptoln.se VI sne susoAlneu
Actlvlty WHICH 10 "os' pfons0oie w aii
PaIs'es.
90 iaf as respeots lhuuences acting from
OUTSIDE inc mar1ee: mere LAS peen mo no IN
poreant cnalge curing tne wseh' mo Iot-
e1en malAsss nave anoiueu n1 s4pror1 TO
new 1oEA. IN tno conesaiy! taey nave IN.
loaoeo on .nls conIsr, nut WIN 1ne preseht
hpuhaan5 msans ners lor carrying stocks
Inese leallzlhRs nave nau no serious enecs.
u now appeals tnao l4ohoon,s 1ong walt1n9
Tor inc moving OF tne WAFER. at New
1orh Was nov WIN a Vlow totne % ptlon
OF spoeu!ntaon, Dut 70 tne Rettlng ria OF It's
ssocks: ~ VIII nov sufptlsl II they are
5ought nacK al hisher prices at a later
4ate; wall setos1 ie pelnaps aDous evenly
uaVloed as 20 the PROBABILITY OF the Ch1ll
imbrogilo aeveloplngl nso war. In Tues-
oaV's pear performance IL was assumed
NOT 0niy tnas war Is PROBABLE, put thNt war
Would Dc a great natlonal disaster. 10 the
legter supposltlon' wan street sees another
sloe. war coulo nave no PAD effect on the
natlonal circuit; Tor the losaes and costs
would nave TO DO paid by Chill ana II they
proved larger than our fractions little
- n,adnaa ~ = afaot 49, ~ 1888 a.
sS NslAS