The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-10-11
THE WORLDS MARKETS
Daily Record of Commercial and
Financial Transactions.
NEW YORK STOCK REPORT
Digest o Exchange News-Mining Stocks.
Metal Quotations-wooi Prices and
Aovements-0rsin and Pro-
d~uce-Review OF Trade.

New York. Oct. 1o.-Room traders on the
stock exchange turned bears again to-day
and sold stocks all through the list. Out
side of a few cases they did not meet
with much success In securing a following.
but In a number of high-priced specialties
and later in the day In some of the rail-
roads the declining market did induce
some liquidation.
This was notably the case in Northern
Pacific, which went in the last hour to
3sA. a loss OF ~ points, and closed heavy
in tone. Offerings of this stock were very
large and thrice the movement revived ru-
mors OF ~irreconcilable differences between
the two powerful financial interests in the
property. The large German holding OF
this stock made 1t peculiarly susceptible
TO the effects of money stringency In Ber-
lin. as Indicated In the rise in the impe-
rial bank rate to-day to 5 per cent The
same factor affected other railroad stocks
also. In fact. the influence of all foreign
markets was on the side of the bears. The
relations between Great Britain and
France disclosed by the publication Of the
Fashoda blue book, caused a sufficient APP
prehension to produce a decline of y in
British consuls and to unsettle all the Eu-
ropean markets.
The continued uneaslness In France over
BSAAAAS' ab' ~ BNESAbilANl VI
the failure of the peace commission to
agree upon terms. was also on the side OF
the bears.
There was some alarm over the spread
of yellow fever In the South, I'm which IL
linois Central was the most severe suffer-
er, losing IL per cent. Losses in the
grangers reached a point. except in ST.
Paul. which resisted the decline. The
principal activity Of the market, however,
continued TO center in the Industrial
group. and Sugar fell to ITO with no visi-
BILE support. The offerings on the decline
were very large. Peoples Gas. Rubber.
Leather preferred. Manhattan, Metropoli-
tan Street Railway and New York Air
Brake were all sufferers at one time or
another during the day to the extent of
from I to III points. Tobacco was a prom
inent feature. but ruled above Saturdays
level the greater part of the day on the
acquisition OF a large plug tobacco inter-
est. The price advanced at one time more
h three points but the stock closed
unchanged.
LAX Erie a Western common and pre-
ferred fell at one time sL and lOh. points
respectively. The preferred rallied nearly
3 points. There was no news to account
for the decline. A loss of 3 points in ore
gon Navigation preferred was unexplain-
ed. There were no reflections In the stock
market OF the active foreign demand for
wheat for export or OF the evidences Of
the expanding business of the country In
the increased demand in the West for
money. The transfers of currency at the
s~ub-treasury for shipment to the West
amounted to $50, 600.
Conditions in the money market con-
tinued easy.
Bonds later in the day In
sympathy with stocks. wisconsin Central
lists losing an extreme of 2k per cent. and
Oregon Short Line increasing III per cent.
Total sales. 81. 450.o 600. u. s. old SIS coupon
and SIS advanced u per cent. and the new
As registered and the as registered 4 per
cent. in the bid price.