The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-06-14
THE WORLDS MARKETS
Daily Record OF Commercial and
Financial Transactions.
NEW YORK STOCK REPORT
Digest of Exchange News-Mining Stocks.
Metal Wool Prices and
Movements-Grain and Pro-
duce-Review OF Trade.

New York, June 13-There was a mark
ed disposition from an early period in
the days trading to take profits in many
of the stocks which have enjoyed large
advance recently. This was evident prac-
tically in all of the standard stocks. and
as increasingly obvious in the industrials.
The strength manifested by small group
of the industrials served to stay the mar
Ret for time and acted as sort of cover
to the profit taking sales which were fed
on the market.
The recent strength of. Federal Steel
showed abatement during the early hours
of the day, and other members of the
Flower group, notably Brooklyn Transit
and Peoples Gas, were strong in SYM
pathy, and advances in Metropolitan.
Manhattan and Sugar helped to keep up
prices.
The leadership of these stocks gave
place in the course of the morning to
National Steel, American Hoop, Ameri-
can Smelling and Tin Plate, the first
named rising some points. The awaken
ins of activity in this group, which was
more prominent in trading than at any
local exchange, seemed to invite reaIiz-
ing elsewhere in the list and an early
break in Consolidated Gas, followed by
pronounced weakness In Sugar, empha-
sized this tendency
There was late rally in Consolidated
Gas and Pressed Steel Car was suddenly
marked up to So, an advance of more than
points. But no effect was apparent on
the general list, which closed active. Net
losses in the standard railroads are for
the most part between / and 2 points.
sugar, which was traded in ex-dividend
OF per cent, lost nearly points on the
day. There is an element among the pro-
fesstonal operators who habitually buy
Sugar to realize the dividend and get rid
OF the holdings Immediately after the div
idend periods. The selling from this source
was an influential element in the weakness
OF that stock and by sympathy of the
whole market.
Manhattan suffered from realizing on
the declaration of the regular dividend
and on the continued effect of the adverse
judicial decision on tax claims against the
company.
The strength of the steel stocks, which
came to the front to-day. was co-ncident
with the lively demand from the Ma
tional Steel company. Pittsburg c., c.
e. d. st. l.. continued strong, but this was
the only exception to the weakness in
the railroad list.
1t is probable that the prospects of a,
poor bank statement ON the coming Sat
urday, when large part of the withdraw
ais of gold already made for exports will
figure, had its influence in promntinb to-
days liquidation. No effect was appar-
ent, however, in the money market.
which continued easy, and there was no
inward tendency in sterling exchange,
while there was a sharp fall in money
and Hicnn M rafn f,1 % 3
sure of liquidation was not heavy at any
time, but prices went down easily and
there was no evidence of organized sup
port. The bears helped the late break.
with more or less reverses in the Philip
pines
There was large demand for Reading
4s, Colorado Southern As and Wisconsin
Central issues both old and new. Total
sales. So. $50 900.
U. 8. rs declined II per cent. and the as
new As and the SIS Il per cent. in the bid
price.