The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-10-08
THE WORLDS MARKETS
Daily Record of Commercial and
Financial Transactions.
NEW YORK STOCK REPORT
Digest OF Exchanee News-Mining stocks.
Metal ouotstions-wool Prices and
Movements-Grain and Pro-
duce-Rsview OF Trade.

New York. Oct. THE stock market
continued narrow and professional to-day.
even the Industrial speciaities, which
have shown violent fluctuations and fe-
verish activity for some time past. falling
into comparative quiet. The industrials.
nevertheless. continue to occupy the most
prominent place in the trading. The
movement of prices in this group was
conflicting in the early part OF the trad
Ing but the reactionary tendency gained
the upper hand In most cases and wiped
out nearly all of the earlier gains. Sugar
was less active than Of late. but ruled
above yesterdays level most of the day
and rallied a point from the lowest in
the late dealings In face of the contin-
ued heaviness OF the general market.
Metropolitan was advanced early to 1877.
but broke in the late dealings to ls3h.
Peoples Gas and Brooklyn Rapid Tran
sit also enjoyed their period OF strength.
but succumbed In the late dealings. To-
bacco. Consolidated Gas. Cleveland. Lor-
raine & Wheeling preferred, Reading LIST
preferred. Pacific Coast Improvement
and a number Of other specialties were
notably weak.
In the railway list the most notable fea-
TURF was the continued large OueTluks
OF Northern Pacific and the poor absorp-
ton of the stock shown by the market.
The opening was at a decline OF y In spite
Of the fact that II was the one Ameri-
can stock which showed an advance In
London The price declined at one time IL
and rallied only feebly. Some effort was
apparent to support the price at times.
which was attributed to German holders.
but the burden OF liquidation was too
heavy. Union Pacific s~ympathized. The
preferred stocks of both companies were
notably firm. the declaration Of the regu-
lar quarterly dividend of ! per cent. on
Northern Pacific preferred being an incl
dent OF the day. There were rumors In
connection with the decline In Northern
Pacific common of serious differences
among inside Interests over questions of
policy. these interests holding q very in
iuential position towards the whole trans
continental situation. There In fear that
further conflicts over the transcontinen-
tai business will be involved. Next to the
Paciics the grangers were most notably
affected. The failure OF this group TO re-
spond to the very favorable earnings
shown by recent statements also invited
realizing.
Rates for time money were easier to-
day and mercantile paper Is also tending
to a lower basis. with a very little supply
in the market. Thu shipment of currency
to the interior during the week has on
set imported specie. and as banks have
gained from the sub-treasury. the bank
large gain in cash reserves.
A reactionary tendency developed IN
parts of the bond list after the early firm-
ness. There were sharp gains In Wisconsin
Central lists and Susquehsnna a Western
general SIS. Total sales. s3.l55. 900. u. s.
SIS advanced u per cent. the SIS when is-
sued a per cent, the old as registered
and the new As coupon u per cent. the