The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-03-27
THE WORLDS MARKETS
Daily Record of Commercial and
Financial Proceedings.
NEW YORK STOCK REPORT
Digest ofExchange News-Mining Stocks,
Metal Quotations-Wool Prices and
Movements-Grain and Pro-
duce-Review of Trade.


New YORK. March 26.-The authoritative
statement that the Maine board of in
quiry's report would be fully as sensa-
tional as predicted. brought out a fun at
terdanca nm tho .,ocL oxchan,a today
Thee ar ,. u.., 49,, an
e,oupo
'"e ao'iNe s'oens "heh nv hiaine' ope"-
Gu. Inc feVerishness OF the market ana
the fairy tale that Spain had declared
war, which was circulated about the eN-
change, gave momentum to the down hill
movement. Fairly large margins were
swept away and large concessions in VAL
ues ensued on every considerable offering.
A quarter of an hour after the opening
the manifest intention of large interests
to sustain the list led traders to cover
enormous short lines and prices bounded
upward. the shorts frantica,lv bidding
against each other. II seemed likely thai
houses having vast interests at stake had
come to an agreement over night to buy.
On the bulge here London was a large
seller.
After an hours trading prices were well
above Yesterdays close. which was gem
orally at the best prices. The net i'm
movements Approximate two points I'm
the grangers and exceed | per cent. in
the leading international favorites. The
specialties gained from | to "a. noints.
Tn trading was on an enormous scale
for a Saturday. the dealings for the short
session exceeding recent full DAVIS to-
tails.
The week inst ended has witnessed n
vigorous resumption of hear aggression.
owing To the development of various in
Nuential factors which wore utilized IN
their fullest EXTENT nv the advocates of
lower values. That their efforts were sig
nalIv successf,,, "a, no hest Illustrated nv
a resume of the final prjces of a week
ago. the comparison rejecting losses I'm
the dividend having stocks of from 2L IN
q no,nts and tho sneciaItIes suYering 70
the extent Of FROM 4 10 4, noipts The lat
ter group was the objective point of at
tack. and the extreme weakness of these
pronart,as radiatod ttrougbou, tho l;st
with the rranpers and the nrincinal inter-
nationa, stock, raceiying rnarked a,ten-
ton.
The Cuban ouestiop continual IN no the
oversbadowing feature and tho various
phases of tho situation as Indicated NV
The tenor ~ yvasbipgton adyices furnish-
cd the lever 10 alternately advance and
depress nrices The condition of affairs
was AUGMENTED nv the outcronninp of
numerous other considerations which also
exerted a marked hearing ON the financial
and commercial situation
The market tbrougbout was highly fe-
verisb ana the ready resnopse 70 tho
slightest effort in favor Of either account
afforded some of the active interests an
opportunitv 10 make freouent turns The
speculation at times borderad ON the semi
panickv edge owing TO the anparent an
proach of a crisis i'm nternationa affairs
The ortpourinp of long stocks on these
occasions was striking evidence of the
anatbv of the leading interests the mar
ket hating only I'm the downward nlunre
on cessation of traders offerings and a
disposition TO cover at any price by the
shorts. The market then gradually work
ed inward. but the returning level was
invariably selected as a new basis of op-
erations bv the bears. and values speedily
suecumbed TO a more pronoinced lower
plane.
This process enIivened the weeks nro-
ceedings. and was med M times
nv wild and animated dealino Tha trad-
ing at other periods was Intensely slug
gish. but the contraction in business was
only discernible when the market essayed
to rise The attitude of foreigners was re-
rarded with considerable interest and
1lot tons from London from dav TO dav
were eagerly scanned as indicative of the
sentiment In the leading foreign financial
centers
The prso. br;k NJ tho arb,rape orer,.
tjons favored the short account Yut wi
dence thu tho foreign sneculators were
70 accumulate moderate lines ON
various levels steadied the market ana
stimulated covering. The unwieldy nature
of the short interest .orcei the LEADING
active interests to move prices up sharp
lv occasionally in order n sb,k, ,,r an
,Indesira BILE folio wing. The rank and fle
of the street Watched the onerst.rs rsr-
alv eunloved nv wasbinoton ,rt.rests
very narrowly and were ready 10 swing
from side to side as soon as thew detected
the source and nature of transactions.
"a itdoAhS houots z B'i-