The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-01-23
THE WORLDS MARKETS
Daily Record of Commercial and
Financial Proceedings.
NEW YORK STOCK REPORT
Digest of Exchange News--Mining Stocks
Metal Quotations--Wool Prices and
Movements Grain and Pro-
duce-Review of Trade.

New York Jan. 22.-No outside interest
was apparent and traders transacted
most of the business on the stock mar
ket. Commission houses had but few
orders either way. Consolidated Gas and
Metropolitan Street Railway and few
other special issues monopolized the at
tention of traders. Sugar declined frac-
tionally.
The stock market for the week in most
cases has resulted in a fractional decl ne.
The favorable factors in the situat on
outnumbered the others although the
disturbing features were regarded as Of
greater Importance. Among the grave al
fairs IN the situation from the speculative
standpoint were the New Eng cotton
strike and the possibilities in China, Cuba
and the consideration by the senate OF
the resolution that the government bonds
may be paid In gold or silver. " lille 10
radical legislation at this time was OK
pected concerning either silver or Cur a,
the professionals made the most of ths
situation, with view of bringing about
a reaction. and We're partially succ ess-
full. At the same time the foreign markets
were overshadowed by the possih .ity of
the European powers becoming embroiled
over China
on the other hand there was much to
justify an optimistic view on prices
There were satisfactory trade conditions,
immense increases in railroad receip S,
large exports. scarcity of failures in the
commercial world, easy money and the
fact that over four-fifths of the Illinois
Centrals $15. 100000 of bonds had been Ia
ken for domestic account Egypt and Rus
STA, usually sources of supply for Europe,
were reported to be importing American
corn.
Money at this center was quoted lower
than in almost any part of the world,
and this alone was supposed to impede
gold imports at this season, when sterling
exchange usually rules pretty strong.
Money continues to gravitate here from
the interior of the country. the banks
gaining over 81, 900 600 last week. The break
in the money market was largely due to
the continuance of the government de-
posits of Union Pacific money i'm the
banks. The Klondikers, Sugar and local
corporations. including gas and traction
shares, were the active features OF the
week, at times showing bnoyancy, but
with manipulation ever present. The
grangers and coalers generally ruled
heavy. There seemed little outside inter-
est in speculation, the dealings being of
less volume and concentrated In fewer
securities than was the case last week.
Railroads located in the extreme North
west and Western sections of the coun-
try largely discounted the expectations
of the increased traffic resulting from
the prospective immigration to the new
| ~ discovered gold fields, where they
| would be dependent largely upon the
United States for supplies.
There were improvements ranging up
ward to per cent. In Oregon Navigation
| stock and 9ts per cent. IN Oregon I'M
provement Consolidated Conflicting adj
| vices regarding the probable success of
| the Hawaiian treaty were reflected in
| Sugar fluctuations.
Other influences were statements re-
| gardIng the position OF insiders as to
whether they had been acquiring the
| stock or favored a further decline. Al
| ter recovering range of nearly three
| points Sugar closed with one-haf point
/ Improvement
| The bond market for the week dis
PLAYED a striking degree of strength N
! special cases. which embraced the claims
OF companies operating in the Pacific
Northwest Some interest WAS attached
to the speculation in Seattle, Lake Shore
! & Eastern first. owing TO the fight for the
i control OF the property by two of the
| leading railway systems. which was re-
| Elected In an enhancement of 1854 per cent.
| in the price Of the issue. The sales for the
week were s2o.27i .eoo. Government bonds
| ruled at slight recessions generally
! throughout.