The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-07-27
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, July 26.-There was not much
change in the character of trading in Sc
curities to-day. There was period when
the market made some show Of strength
in sympathy with an upward movement in
group of individual stocks, but violent
slump in American Mating was sufficient
to put an end to the rise and wipe out
pretty much all of the previous gain.
General Electric rose IL points on the
opening quotations. Pennsylvania showed
signs of strength early and there was a
conspicuous absorption of Rock Island,
which was attributed to the operation of
a pool Buying from the same source
was supposed to account for the advance
of IA points in Peoples Gas and for the
vigorous upward movement in the Gould
Southwest stocks. The ST. Louis South
western issues were the most conspicuous
as to activity, the preferred rising IL
points. Kansas & Texas common advanced
nearly a point, the preferred about 2
points and Wabash preferred IL points
At the same time Chicago & Eastern ILL
nois jumped points. Wall streets ex-
PLANTATION was that st. Louis Southwestern
was to be acquired by the Chicago &
Eastern Illinois and the combined proper
ties then absorbed by the Rock Island.
President Edwin Gould authorized denial
that he contemplated selling his holdings
in st. Louis Southwestern. utterances
to the same purport by Rock Island Off
Gals were published. About the same time
came disclaimers from the Ogden Gas
company interests that they contemplated
selling out to the Peoples Gas, and Peo-
PIES Gas lost practically all of its gain.
There was violent break of 81 points
in American Mailing preferred and 2a
points in the common, which completed
the unsettling of the market Prices
drifted away to. the lowest of the day and
were not much affected by squirt in the
late dealings in Lake Erie & Western,
which rose on the common ~ and in the
preferred 3 points. American Car pre-
ferred was also marked up Ia points.
New York Central was decidedly heavy
ali day and lost more than point net.
st. Paul, Minneapolis and Sault Ste. Marie
common was conspicuous for a rise of
1& points and the preferred advanced a
point.
The money market was inclined to firm
ness and there was some calling of loans,
which necessitated shifting, although
no great difficulty was found in securing
accommodation. Much doubt is still felt
as to the extent of the demands which
will be made upon New York to move
the crops.
Discounts in London were further ad-
vanced and the Bank of England con-
tinued to buy gold in the open market
besides receiving consignments from fer
many Sterling exchange in New York
responded with fractional decline.
The Southwestern railroad mortgages
showed some strength in sympathy with
stocks, but otherwise bonds were dull
and rather heavy. Total sales, par value,
81 625, 900
L. S. coupon As declined a per cent
but the new As registered advanced Il
per cent. and the old As registered X per
cent. in the bid price