The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-09-22
THE WORLDS MARKETS
Daily Record of Commercial and
Financial Transactions.
NEW YORK STOCK REPORT
Digest { Exchange News-Mining Stocks.
Metal Quotations-wool Prices
Movements-Grain and Pro-
duce-Review OF Trade

New York. Sept. 2l-The course or su-
gar to-day indicated that the long bear
turn in that stock has come TO an emo
for the present. Dealings in this stock
continued TO absorb an important portion
Of the total transactions. Efforts to hold
the money rate proved unavailing In view
Of the disparity between the New YORK
call money rate and other markets ana
call loans on the board of trade fell TO :
per cent. to-day. As a result OF rehel
from these important reactionary tenden-
cies the market was strong and
quite generally from yesterdays decline.
But the strength was confined largely 10
spots and the market is still in the hands
Of the professionals and reflects no out
side interest.
There is still some apprehension that
the rally on Sugar might simply be the
cause of manipulation directed against a
large bear account. The sudden plentitude
Of money was also looked at somewhat
askance, and with some remains the rear
that a further furry I'm call money might
be possible. The fact that money mas oeeh
easy TO obtain for several days in almost
all markets but not on the stock exchange
encourages this feeling. But the eau
money market was unable to Withstand
the influence of the various agencies
which have been at work Tor IT'S rehei.
The sub-treasury had another DEBIT pai-
ance of nearly $2.OOO,OO at the clearing
house today, rejecting in part the pre-
sentation of checks for the anticipatory
pavment CT the October first interest on
government bonds.
Transfer of currency from New York TO
the West through the sub-treasury fell
TO $50. 600 to-day. and New York exchange
in Chicago advanced only lOc discount.
There were further engagements of gold
in london for import, resulting in a sharp
rise of i,al per cent. in the money rate
and 2lsd2i4 per cent. in the discount rate
in that market.
The stirening OF the London money rate
begot dullness in the stock market there
the heaviness extending TO the American
group and resulting in some selling Tor
London account here. Except In one OF
two instances the selling was Wlthou'
much effect. A number of stocks respond
ed sharply to special causes as LOT IN
stance, Manhattan on the return IRON
Europe of the dominant capitalist; Brooh.
Ign Transit on talk OF the absorption oil
another line: General Electric on the be-
lief that Il would benefit from the receh'
combination of electrical interests; Leath'
or preferred on covering of shorts, VINO
misapprehended the meaning OF the new
leather COMPANY announced
The c~oalers. Cotton, Rubber, New Horl
Air Brake and some other specialtie'
showed conspicuous advances. In the ran
road list. outside Of Northern PACING
dealings were not large, but prices in
number Of cases advanced "A point net
Last prices were the best and the marke
was strong and most active at the close
Prices of bonds recovered in the lat
dealings from an early tendency toward
decline. Total sales. S1.60O.OO0 L. 5. 5
declined "A per cent. and the Ss when Is
sued X per cent. in the bid price.