The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-01-15
THE WORLDS MARKETS
Daily Record of Commercial and
Financial Transactions.
NEW YORK STOCK REPORT
Digest of Exchange News-Mining Stocks.
Mstal Quotations-Wool Prices and
Movements-Grain and Pro-
duce-Review of Trade.

| New York Jan. 14.-Transactions on the
| STOCK exchange to-day We're the largest
| for two-hour session in many years
| and had the same volume continued for
the usual five hours trading it would
| have been within a quarter of a million of
F.! 2,000,OG0 shares. As it was, there were
| nearly 100000 shares dealt in and the av-
erage net rise in prices was from 1 to .
points in the shares which figured most
| extensively in the dealings.
| There was diversion of interest from
the Pacific to higher-priced stocks the
grangers being the gamers. The excite
ment on the floor of the stock exchange
was tremendous. There was an unusually
large attendance of brokers for the short
session. as the constant influx of outside
orders rendered it necessary for large
dealers to transfer considerable of their
business to the hands of smaller brokers
at the regular commission between mem
bers
Stocks opened buOyant and active High
priced records passed unnoticed in the
confusion. Brokers fought to execute Or
derS and simultaneous transactions in
many shares We're widely apart London
had early received the large purchasing
orders from this side and the quotations
from' that quarter showed general adj
vances. The rapidity of the rise brought
out immense blocks on realizing sales. bur
| the sustained buying power of the market
| absorbed all offerings after a temporary
reaction and prices again mounted up
ward. The market halted momentarily
pending the publication of the weekly
bank statement, but on its appearance.
showing as it did. Increases of 81. 49,. 700
in the surplus reserve fund and So, 400, 200
in the loan account bullish enthusiasm
was resumed with violence. Commission
houses were easily the largest buyers.
The extreme gains in the Pacilics were
only fractional, while in the grangerS
they ranged from in ST. Paul to 4 in
Burlington. aud in the active coalers
from l to Us points.
The Gould and Vanderbilt stocks were
comparatively neglected, except Southern
railway. The greatest strength and ac-
tivity was shown in grangers in Atch-
ison. the Readings. Southern preferred.
Federal Steel preferred and Brooklyn
Transit. Points Of heaviness We're Great
Northern preferred. Illinois Central. Met
ropoltan Street Railway, Lead and La
clede Gas. Generally speaking, while
there We're some sharp recessons from
the extraordinary high opening, the mar
ket regained most of the decline. The
generally strong and active with import
ant gains in many cases. a noteworthy
feature was a large rise in Burlington on
renewed gossip concerning the prospective
refunding of their outstanding bonds
This talk, however, was little more def
mite.
New York Airbrake made an advance of
points, while Southern Railway prefer
red and Atchison preferred were up over .
points each. and Federal Steel common,
which has lately been rather neglected,
although reactng from top prices ended
with a net gain of l58 points. The largest
trading in any speciality was in Brooklyn
Rapid Transit, which had an initial rise
of points on confirmation of its acuuir-
ing control of the Nassau Electric COM
pany.
The weeks business was the most re-
markable in the history of Wall street.
Transactions for the week in stocks
reached the enormous figure of 5.S12G10
shares making the average daily for the
full session more than 100000 shares.
Dealings in bonds were attended with the