The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-07-29
THE WORLDS MARKETS
Daily Record of Commercial and
Financial Transactions.
NEW YORK STOCK REPORT
Digest of Exchange News-Mining Stocks.
Metal Quotations-WoCl Prices and
Movements-Grain and Pro-
duce-Review OF Trade.

New York, July 2s.-To-day's stock mar
ket was strong early and traders generally
ranged themselves on the long side. The
shorts took alarm from yesterdays rise
and the continued upward tendency this
morning and covered rather extensively.
London marked up prices before the OPEN
ing here and bought up considerable
amounts in this market The sentimental
effect of this buying was even more pro-
nounced than the direct demand for
stocks.
The recovery in French rentes on the
Paris bourse had stimulating effect and
part of London's buying of Americans
was reported to be for the recent account.
All in all there was sufficient demand for
stocks to run the business up to within
10000 shares of yesterdays total transact
lions and considerably over the total for
some days of this week. Business fell off,
however, very notably in the afternoon.
Tho pubic showed itself still coy about
coming forward and bull operators in
consequence proceeded to take profits on
the advance. The stocks which had ad-
vanced yesterday and the day before were
especially affected, in a number of cases
being carried below last nights level st
Louis Southwestern stocks, Kansas &
Texas preferred, Lake Erie e. Western
and the trunk lines were examples. There
was, nevertheless. an apprecable increase
in commission house business. This was
conspicuous in. the grangers, Burlington
leading on account of the benefit to crops
from rain. The coalers were notably
strong on the approaching operation of a
higher scale of prices and Lacka wanna,
which in addition enjoyed the benefit of
reported commission with New York, Chi
cago & st. Louis, rose an extreme 4
points. Louisville was the leader of the
market considered as 10 strength and ac-
tivity. 1t closed at the top price at a net
gain of 23s points over yesterday. Since
the dividend of 2 per cent. was taken off
yesterday morning the stock has risen Az
points.
There was an active demand for Sugar
all day and the price went up to 1915. Ma
tional Steel was strong on the reported
requirement of new property and Brook
lyn Transit rose an extreme ~ points.
There was a belated upward movement in
some of the Southwest stocks not hereto
fore affected. Denver & hio Grande pre-
ferred. Southern Pacific, ST. Louis & San
Francisco second preferred and the St
Joseph & Grand Island stocks gained from
to points. The late realizing movement
carried prices down from the best and
the market closed dull and easy
To-morrow's bank statement is expected
to show another loss in cash. owing to
operations with the sub-treasury: the 9Th
err has been net gain on the interior
movement. @
Sterling exchange was weak and lower
on account of London buying stocks here
and the increased supply of commercial
bills
Bonda- did not respond fully to the
strength in stocks but prices are generally
higher. Total sales, par value, were
$2.l2S000.
U. S. SIS registered advanced X per cent.
in the bid price.