The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-10-18
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, Oct. 17.-There was short
and lively demonstration by the bulls in
the stock market to-day. but before trad
ing was suspended early gains were large.
ly curtailed, and in some cases more than
wiped out.
The strength was attributed to various
causes. the temperance this week upon
the floor of the exchange of several oper-
ators who took a large part in last
: springs big bull market, and who have
been away on long summer vacations,
{ gave something of a flip to bullish SEN
tlment The quiet tone of the money mar
ket yesterday. in face of operations Incl
dent to the change of old Central Pacific
securities for new, encouraged some SEN
timent for a rise. There were one or
two stocks in the list which were nota-
bly, strong from individual causes. which
were rumored. but not disclosed. and
which helped to sustain prices. Among
these We're Pullman and Great Northern
preferred, although the latter more than
lost the early gains. The Baltimore &
Ohio stocks were conspicuously strong,
the common rising an extreme
"a. Lacede Gas continued its
advance and reached as high as So The
grangers, T. & N. and Southern. Pacific
We're quite well taken early in the day
apparently by public interests The pub
lie was not in evidence at any time dur
ing the day. Call money continued at
per cent. or below in spite of the fact
that the many banks report their cash
still below the reserve. But while the
money rate did not tighten, a number of
industrials, especially those classed as
green in Wall street. showed signs of
weakness. as might happen if they were
subjected to discrimination by money
lenders in the shifting of loans The Glu-
ccse stocks were notably affected, the
common dropping nearly 5 points and
closing near the lowest while the pre-
ferred lost 81. The iron and steel stocks
as group. also weakened simultaneous
~. Steel e. Wire leading with an extremu
decline of "a. Others of the group suf-
fered to the extent of between / and
points. This unsettled the bull moves
ment and wiped out pretty much all the
gains which had been established Prices
struggled upward in the final dealings
to a level for the most part slightly above
last night, but the sympathy seemed
taken out of the movement. There was
a warning rally in the rates for foreign
exchange during the day. which was not
uhheeded. Signals of distress were in ey-
ldence in the German markets and ster-
ling exchange fell sharp at the continent
TAI centerS, including Paris. Discount
rates in London responded with an ad-
vance, and exchange rates rose both in
Paris and London. Add to this the fact
that money Is still going to the interior
In considerable volume, that the govern
ment payments through the sub-treas.
ury are again falling off. promising a re-
neWed drain on the money market on ac-
count of the revenue receipts, and that
applications for anticipa ted payments of
government interest continue on a small
scale, and the outlook for easier money
is not promising. This consideration was
sufficient to give pause to the efforts to
advance prices.
The bond market was moderately ac-
tive and prices improved Total sales,
s2,05O 600.
United States bonds were unchanged in
bid quotations.