The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-04-23
THE WORLDS MARKETS
Daily Record of Commercial and
Financial Transactions.
NEW YORK STOCK REPORT
Digest OF Exchange News Mining Stocks.
Metal Quo tations-Wool Prices and
Movements-G Grain and Pro-
duce-Review of Trade.

New York, April 22.-Tne market to-day
was almost wholly professional and the
net changes were trivial, although in the
way of Improvement. The specialties
monopolized attention except for activity
in some of the internatonals. In the ear
ly trading an expected favorable bank
statement was discounted and on it's ap-
pearance general realizing followed the
appearance of a supply of stock from
large holders giving encouragement to the
bears to put out short lines, and the mar
ket closed with raid in progress.
The bank statement showed large in
crease in loans and deposits and conse-
quent heavy gains in the surplus reserve.
London sold freely of Louisville &
Southern preferred and Denver & Rio
Grande, but those stocks were very well
taken and all closed at good advances.
Norfolk & Western was the only other
particularly strong railway.
Sugar was strong throughout and gain
ed 81 points. Brooklyn Transit moved il
regularly, slightly above yesterdays fig
ures. Among other specialties Continent
tai Tobacco was pressed for sale early on
the increased capitalization, but rallied on
supporting orders and closed with a gain
OF points. Tennessee Coal & Iron was
weak, losing a point; Jew Jersey Central
was helped by the announcement that GER
tain high rate bonds would be refunded
by the issuance of stock to be subscribed
for by political stockholders. The market
closed weak.
The level of prices for the week was
not much changed, declines only slightly
exceeding in number the advances The
dealings were of a highly professional
character. the public being rather indis-
posed to let go of their present holdings
or to take on new lines.
The bad reports of the week showed a
marked abatement of property in various
lines of industrial activity. The imports
for March were the largest for two years,
nevertheless the excess of exports reach
ed nearly $33, 900. largely due to a gain
in manufactured products, as the exports
of cereals. cattle and raw material fell
off about s1sOOO.0oo.
Sterling exchange was strong, with an
insuffcency of commercial bills. 1t was
thought that preparations for the pay
ment of the Spanish indemnity figured in
the sterling market.
Money on call showed a variable ten
dency, alternately easy and firm, with
ease generally prevailing. Loanabla
funds were increased by receipts of money
from Baltimore and Philadelphia The
bank clearings of the United States, re-
fiectng the comparative apathy in spec
ulation, decreased for the week more
than $94,0o0,0o0, but were still greatly in
excess of those of last year.
The strength of the grain markets. sup
posedly rejecting an expectation of a
shrinkage in the cereal yield, was watch
ed narrowly for its effect on the grangers
This group of stocks moved within COM
pressed limits, while Burlington advanced
about points on the subscription privi-
leges extended to the stockholders
The professional element showed a fire.
quent disposition to be bearish, while real
holders of stocks generally chung tena-
ciousiy to their favorites, but the liduida-
ton of speculative holders was not act
i've. The dizziness of the week seemed
conducive to an increased short interest,
which acted as a support to values on
concessions frequently after long period
of inactivity, business suddenly increased
as though 1t had been prearranged.
The most notable changes in prices for
the week were declines in Third Avenue
of 91s points: Brooklyn Transit, 4 Man
haitian. 3B; Peoples Gas, 35s; New York
Central, 2 and Lackawanna G. Western
y point.
The advances included New York Air
Brake. II points; Colorado Fuel and Iron,
1913; New Haven, Z; Anaconda Mining, s;
National Steel. A. New Jersey Central.
Delaware & Hudson and Louisville more
than points each, and Southern prefer
red, SIS points.
There was talk at one time of recur-
renee of discrimination in loans against
the industrials, but less was heard of this
with the easing OF money. There were
sales for Western account on several oc-
casions, which was taken to be connected
with information on crop prospects.
Railway earnings that appeared during
the week were generally favorable. Con-
siderable favorable comment was aroused
by the investment inquiry for bonds,
which included the middle class as well
as prime grades. The market displayed
pronounced strength throughout, moving
independently of the stock market.
U. S. 2s registered, SIS registered and the
new As registered advanced u per cent:
as coupon and other As registered, n per
cent. and the coupon and new DIS coupon
Is per cent. in the bid price.