The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-11-11
THE WORLDS MARKETS
Daily Record of Commercial and
Financial Transactions.
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. Nov. 10-Prices surged up
ward on the stock exchange to-day with
what can only be adequately described as
a rush and a roar. 1t was a day OF furious
activity throughout in all departments
and the closing was at boiling point and
at the best prices of the day. The great
est interest and activity was shown in the
railroad securities of all classes and near
ly all of those which were traded in show
at least 1 per cent. higher for the stock.
The majority show gains of between ] and
2 per cent. This rate of increase raised to
between 2 and 3 per cent. In the case OF
Atchison preferred, Rock Island. Balti-
more & Ohio. Denver a. Dio Grande pre-
ferred. Union Pacific preferred. CT. Pau
a. Omaha. c., c.. c. * st. l.. and some Of
the specialties. The Orego Navigation
stocks. both common and preferred show
gains of 4 per cent.
The industrials and other specialties fell
into the background. both relatively and
absolutely. and were almost totally neg
lected until the later dealings. Sugar.
Brooklyn Transit and Illinois Steel stocks
then sprang into activity and scored sub
stantial advances near the close. In the
case of some stocks high record prices
were made to-day. and in many others the
high prices of the year were approxi-
mated. Atchison preferred. Northern Pa
ciic and Union Pacific stocks reached
their record prices to-day. There can be
no doubt that the strength Of the market
Is attributed TO the feeling of relief that
the unsettling doubts and uncertainty
| over the elections are a thing of the past
and the confidence that the generally
| prosperous condition of the country is sure
TO assert itself and lift prices to a higher
level.
There was a spirit of Astounding optim-
ism abroad and everything was ignored
| but the most favorable incidents In the
| outlook. The marked falling of in the
export demand for wheat and the result
ing fall In prices had no effect. The un-
favorable conditions Of the trunk line
situation. which caused declines for New
York Central and Pennsylvania Interna-
| tional, received no attention and prices
| OF these stocks were advanced more than
a point. Baltimore 4 Ohio rose "a and
| Norfolk * Western wa at one time up
3z points.
Reports from the iron trade of a drift,
towards a lower range of values. which
| might ordinarily be expected to have a
marked effect on the stock market. were
statement. although IL showed an IN
crease of more than 81 COO. was much less
striking than some of that roads recent
| current returns which have passed un-
| noticed. yet there was an eager demand
| for all of the grangers, which made this
group the leaders of the market I'm point
| OF activity. The Atchison securities held
foremost place and all OF them advanced
strongly. the preferred rising "A per cent
with a stock issue of more thar s120 900. o0
to move. Northern Pacific preferred NOR,
than redeemed its quarterly dividend. and
Union Pacific preferred was heayl,