The Anaconda standard., 1898-12-11
THE WORLDS MARKETS
Daily Record of Commercial and
Financial Transactions.
NEW YORK STOCK REPORT
Digest OF Exchange News-Mining Stocks
Metal Quotations-wooi Prices and
Movements = Grain and Pro-
duce-Review OF Trade.

| New York, Dec. 10.-The stock market
was booming to-day on enormous transac-
tions for the shorts. and soon many high
record prices were exceeded for the cur
rent upward movement. London followed
Americans upward lead Of yesterday and
was buoyant on ST. Paui's excellent state
| ment for the first week in December
| Large interests were again aggressive
buyers locally and had quite a following
of commission house support. Immense
blocks Of stocks exchanged hands with
abundant purchasing orders to care for
| realizing sales. After a hesitating move
ment activity and strength became gen.
eral again and standard stocks were well
maintained. All the gransers advanced
from a slight fraction TO over a point
the latter in st. Paul Heavy purchasing
| orders were placed over night in South
| ern Pacific to buy at the opening. Prom
| inent interests in the stock endeavored
| TO open IL up as high as possible and the
ticker recorded simultaneously sales of
400 shares from i3 down TO ~. Yester-
days closing price was 4l%. The stock
betrayed little feature after the first
| furry. but continued to be actively
traded in and closed well up to the top.
Among the industrials General Electric.
Sugar. Tobacco. Rubber Federal Steel
preferred and Edison Illuminating were
! the features and gained point or more.
The rise in Edison Illuminating amount
ed to points and each in General
Electric and Rubber preferred. The Atch-
isons. too. were conspicuously strong. The
market closed at the best with a whirl Of
bullish enthusiasm. For the week stocks
I
cases the gains being very large, estab-
fishing new high records i'm the present
movement The manipulation Of high
priced specialties for a rise was ofcn
much in evidence.
Higher prices. which failed for some
time to respond to the upward tendency.
later Joined fully with the general trend
of prices. Early in the week telegraph
and cable communication. partly inter
rupted by the storm. somewhat restricted
business. though the volume of which
later became enormous. Traders inter-
preted the presidents message as not
being a bull argument. but it's better re-
ception abroad stopped their efforts to de-
press prices That so-called barometer of
business conditions, the iron and steel
trade, was active at advanced prices.
The money situation continued easy and
there was little to the market. Tobacco
and Sugar were boosted considerably. one
stock serving as well as another for the
purpose. Metropolitsn's increase in divi-
dend rate to Z per cent was accompanied
by another high record for that speciality.
Missouri Pacific received support on the
announcement that its floating indebted
ness had been paid off.
The bond market displayed unusual ac-
tivity during the week with the conccn-
tration OF the workings I'm speculative and
lower grade issues. Considerable strength
was manifested throughout with the net
improvements material in some cases.
L. s. old Is registered advanced q per
cent. the rs registered and the old fs
coupon a per cent. net, as * per cent.
I'm the bid price.