The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-07-21
THE WORLDS MARKETS
Daily Record of Commercial and
Financial Transactions.
NEW YORK STOCK REPORT
Digest of Exchange News-Mining Stocks
Metal Quotations-Woo Prices and
Movements-Grain and Pro-
ducs-Review of Trade.

New York, July 20.-To-day's stock mar
ket continued narrow and professional
but there was an improvement in the tone
of the speculation. In the late market
rather active buying movement set in
and prices rose to the top level of the day,
gaining a point or more as compared with
last nights price.
There was an early reaction which was
encouraged by the violent slump of %
points in New York Air Brake and an ex-
IRENE drop of points in Consolidated
Gas. There seemed to be an entire alb
sence of commission house buying and
London, although prices of Americans
had been advanced there, refrained from
operating here. The course of the foreign
exchange market with reference to eaIer
money conditions abroad was closely
watched and when sight sterling an. ca
bles were seen to be yielding it afforded
considerable relief from apprehension of
gold exports. The fact that the Bank of
England refrained from advancing it's
rate of discount was taken as evidence
that the threatened money stringency is
about over there
Money worked easier in New York. but
continued above the rates prevailing at in
terror points. There was some growth of
conviction that money was not to be-
come cheap for a considerable time yet,
owing to the needs of the very active
trade and the coming movement of the
crops. The heavy increases of bank de-
posits at some of the large financial CEN
tiers Of the country are now understood to
be due to the great combinations of in
dustries and the resulting establishments
in business methods, which have, it is be-
loved reduced resources at some smaller
points in a degree corresponding to the
increase at the great centers. There was
some continued uneasiness also over evil
dences of unrest among wage-earners.
The strength of the local traction stocks
helped to dissipate this feeling. Brooklyn
Rapid Transit and Manhattan gained
about point net and cash sales of Met
ropolitan were made at 3& points over
last night This stock also sold ex-rights
of subscription to new stock a uniform
level of 10 points below the last sales.
Consolidated Gas recovered all of its
earlier loss and New York Air Brake all
but points. The early strength was not
held in some of the industri ais, notably
Continental Tobacco and the steel stocks
p. c., c. & ST. l. was marked up points
on the June return of earnings and an
upward movement in chesapeake & Ohio,
Missouri Pacific and c., c.. C. & st. l..
spread to other railroad stocks. including
the grangers, Southwesterns New York
Central, Union Pacific and Atchison pre-
ferred. The average gain of these APP
proximated point. Chicago Great West
ern debentures lost IA points from the
last sale. Leather preferred was in good
demand, The closing was dull but firm.
Bonds were very duh and rather irreg
uiar. Total sales, par value, s., 2333, 900.
u. S. SIS coupon and the new As regis
tered declined "A per cent. while the SIS
advanced Il per cent and the old AS cou-
pom Il per cent. in the bid price