The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-11-10
THE WORLDS MARKETS
Daily Record Of Commercial and
Financial Transactions.
NEW YORK STOCK REPORT
Digest OF Exchange News-Minins stocks.
Metal 0uotstaons-wool Prices and
Movem snts-0rain and Pro-
ducs-Rsview OF Trade.

New York. Nov. a.-The market was
very active inc decidedly irregular during
the morning session on the stock ex-
change and at one time the list took on
quite uniform evidences OF strength. and
even b~uoyancy. But by 1880 the dcmand
for securities seemed satisfied and the
market fell into dullness and a somewhat
reactionary tendency.
London, in spite of dullness and hesvi-
ness OF the general market, had confident
ly marked up the prices of Americans yes
terday and to-day while the New York
exchange was not In session. The British
Interpretation and understanding of the
American elections, always more or less
obscure and confused. probably prompted
them to do this. The opening here did
not fully respond. prices showing below
the London parity. The International arbi-
TRACE brokers seized this opportunity to
cover sales made at a higher level In Lon
don.
A number Of internationals sagged quite
sharply Immediately at the opening. nota-
bly, st. Paul, New York Central and the
Pacihcs. The buying for London account
was the determining factor in rallying
these stocks and carrying the whole mar
ket to a higher level. Even Sugar. which
opened down over a point, scored a full
recovery.
Inc tOmmItSiOn houses are DuSN WIN
buying and selling orders. and large OPP
orators openly bid up their favorites. with
the cessation of the London buying about
noon and with a renewed break in Sugar.
which had proved a heavy load to carry
all morning. prices began to drop OF, the
decline in the railroads ranging all the
way from a fraction to IL per cent. In the
market leaders among the railroads.
however, there was little effect produced
either by the above factors or by the late
weakness in Manhattan, which fell "a.
Sugar continued Its downward course to
the extent of 81 points and closed near
the lowest. The announcement of The cut
in the product and the output of new re-
hneries coming to the market was the
cause of the weakness. and the bears were
also active. judging from the high loan
ing rate for the stock. The weakness OF
Manhattan was associated with the stock
holders annual meeting. although the
yearly statement of earnings showing
4.1s per cent earned for the stock was
better than Wall street had expected.
In the railroad list, however. the clos
Ing was generally steady and at net gains,
which reached a point in some cases.
The bond market continued active and
strong and the 4 per cent. issues added
to the notably active list were the Louis
willie unified Ids and the Kansas a. Texas.
st. Louis a. San Francisco and Denver a
Rio Grande issues. A number Of the spec
ulative bonds. including the Atchison adj
tustments, the Oregon Short Line income
issues and Texas a Pacific DDS. were also
active and strong. Total sales. s.. III, 200.
u. s. new As and old As registered and
the SIS coupon advanced X per cent, while
the 2s declined u per cent. and the SIS
coupon " per cent. in the bid price.