The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-12-18
THE WORLDS MARKETS
Daily Record of Commercial and
Financial Transactions.
NEW YORK STOCK REPORT
Digest ofExchange News Mining Stocks
Metal 0uotations-wooi Prices and
Movements Grain and Pro-
duce-Review OF Trade.

new 1Ofh, Dtc. ls-lne mdfhtt lO-udy
opened firm with a rise Of a point in I'm
ion Pacific. Later the irregularity in Lon
DON. which had been ignored. was an in
huence locally. There was a sharp break
in the Vanderbilts. Lake Shore s points.
New York Central and Canada southern
more than a point. Local Traction shares
were of sharply. especially Metropolitan
and Manhattan. Missouri Pacific also
weakened decidedly. There was consider
able strength i'm other spots. Southern Pa
cifc, Denver preferred. Pittsburg and c.,
c.. c. & st. l.. shares showing firmness.
In the second hour the ownwa
movement was rather uniform. In the
final dealings. however. an improved tone
set in. In which Baltimore * Ohio and
Lake Erie q Western stocks recovered
substantially. The average declines were
less than I per cent.
The bank statement. which was more
favorable than expected. was later than
usual In making its appearance. but it's
influence helped the closing rally.
This was the largest week on record
for transactions i'm stocks and bonds. the
sales OF stocks being more than four and
a quarter million shares and those Of
bonds nearly $40. O00, 900. The variety of
stocks and bonds dealt i'm was also greater
than ever before. The market bulged ear
lS in the week. making high record prices.
Later the movement was more hesitating
and irregular. some stocks advancing
while others declined. Aside from the tenn
porary requirements for January divi-
dends. money promises to continue at rea-
sonable rates because of the large trade
balance i'm favor of the United States. due
to an excess of exports in five months of
S2i3. 900. 900. The financial horizon seemed
clear. but the money and loan market
continued to be watched narrowly. As
long as there was no cause for alarm Sc
curities were bought confidently.
Gross traffic statements were very graf
flying. the feature being the marked in
crease in westbound tonnage. which in
Guided a greater percentage of manufac-
tured articles. Favorable railway returns
from some sections which had reported a
falling of for a long time, caused consi l.
cradle cheerfulness and round amounts
.of stocks were taken in anticipation Of
Favorable net results.
4 London operations were watched with
considerable interest during the week,
owing to the various tendency of the mon
~ market. which showed an appreciate
Gardening toward the close. The DISPOSE
X4ion abroad, except at Berlin, however,
WAS much more favorable to American
railways and the net result of the ar
bitrage purchases was in favor of bulls.
/ The local commission house business was
| heavy. Interest largely centered i'm raI!-
ways. The bulls from time to time took
UP one stock after another and raised
each i'm turn, In most cases at record fig
ures.
The story about the acquisition of the
Chicago * Alton by various railroads in
each instance gave strength to the prop
erty supposed to have acquired the AL
ton. Although IL was understood that tie
property was on sale at favorable terms,
no deal took place as far as known, but
1t was always the last story that found
believers.
national market, but do not usually figure
TO any extent i'm the local dealings. were
Denver preferred. Norfolk a. Western pre-
ferred and Central Pacific. These stocks
were lifted out of the rut and brought
prominently forward. competing at times
with the recognized shares in point of
activity.
Sugar dropped s points. owing to va
|, rious interpretations of the trade situa-
ton. Features of pronounced interest de-
veloped I'm the bond market daily and
purchases of semi-speculative issues were
in an enormous volume. Foreigners pur-
chased freely.
Il. :. As coupon advanced Y per cent.
the old As coupon and the new 3s ~ per
cent. the old as registered and SIS a per
cent. and the 2s registered * per cent. i'm
the bid price.