The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-11-10
THE WORLDS MARKETS
Daily Record Of Commercial and
Financial Transactions.
NEW YORK STOCK REPORT
Digest Of Exchange News-Mining Stocks
Metal Quotations-Wool Prices and
Movements = Grain and Pro-
duce-Review OF Trade.

New York, Nov. "A general DISPOSE
tfon to liqudate in speculative holdings
was manifested in the stock market to-
day. Early in the day some general
strength was manifested. which was due
primarily to the high quotations cabled
from London. and which was aided by
strength in special stocks, but the grow
ing stiffness Of money and the total abb
sence Of any outside buying demand dis
couraged the bull element and they were
sellers OF the whole list as the day adj
vanced. The weakness Of stocks was
very we'll distributed, except for the
special collapse in Leather, and affected
all departments of the list. Declines in
the industrials and specialties are rather
greater because the commitments for
the long account in those stocks were
largest.
There was heavy selling throughout
the railroad list and large number of
prominent stocks in that department
show net declines of a point or upward.
IN the specialties the average runs be-
tween two and three points for the lead
~ Ing stocks. An exception should be made
of the Iron and steel stocks, several OF
which offered good resistance to the de-
cline. Steel and Wire and American
y Hoop were examples. Attention was
market outlook. The continuing de-
mands on the New York banks are re
garded as foreshadowing a still further
decrease In the proportion Of cash re
serves in the next bank statement. The
emphatic utterances of the treasury Off
cials against any further measures OF
relief by the government dissipated the
hopes that were prevalent In Wall street
yesterday. As the banks have lost al
ready to the sub-treasury something like
t3,000.c00 since last Friday. the attitude of
the trade is important. Shipments by
the New York banks to their interior cor
respondents are reported to be on as
large a scale as last week. New YoIe
exchange at Chicago fell again to-day
to 10 per cent. discount, compared with
10 per cent. premium at the opening of
the week. The trade expansion in the
interior, need for money and the absorb
ton by the treasury by means Of the
surplus in the revenues is met by the
calling in Of loans placed in the stock
market on stock collateral.
There was sharp fall In sterling ex-
change to-day partly due to the firmer
local money market and partly to an in
creased supply Of cotton bills. which are
now coming forward In large volume.
But the weekly statement of the Bank
Of England, showing progressive de-
cline In the proportion Of reserve to liza
bilities, precludes the hope of relief from
that quarter. The recuperation shown
BY the Bank Of France in its weekly
statement relieves the apprehension OF an
immediate rise in that institutions rate
Of discount, but this il a small palliation
Of the general hardening tendency of the
worlds money market
The closing of the stock market was
easy and near the low prices OF the day
for most stocks. An incident of the day
was the demand for silver certificates at
a slarp advance. Z. Gs
The bond market was weak in SYM
pathy with stocks. Total sales, par value,
SIS 900.
U. s. old As advanced Il per cent. and
the new As, 3s and 5's registered N per
cent. in the bid price. The rs declined
u per cent, .. am