The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-03-26
THE WORLDS MARKETS
Daily Record of Commercial and
Financial Transactions,
NEW YORK STOCK REPORT
Digest OF Exchange News-Mlninx Stocks
Metal Quotations-Wool Prices and
Movements - Grain and Pro-
duce-Review of Trade,

New York, March 25.-Stocks were
strong to-day, and with the transactions
more than half a million shares in the
two hours session, material gains were
quite general and quotations closed at
about the best
Expectation that the bank statement
would be favorable was an early incentive
for purchases. and when it appeared, al
though showing an increase of about five
and half millions in discount, most
stocks continued their progress upward
The firmness of American securities in
London in anticipation of the fortnightly
settlement, the temperance of large
Factors in the market, less apprehension
as to the monetary situation and the
nearness of the close of certain state
| legislatures were all assigned as reasons
ior confidence in market operations. The
| announcement was made of the formal
transfer of the Brooklyn Union Elevated
to the Brooklyn Rapid Transit company's
stock, which rose AZ points on large deal
| ings
There was a jump of points in Long
| Island railroad, which is understood to
have a working arrangement with the
Brooklyn Rapid Transit. There were
| sympathetic advances with Transit in
ot4iNi ioSai transportation shares, Metro
| politan figuring for AZ points, Third Ave-
nue. and Manhattan a fraction.
Among the industriais Continental To-
pacco preferred got up "a points, Federal
| Steel rs, Peoples Gas ] and Consolidated
| Gas 3. Among the Vanderblts there were
| advances of IL points in New York Cen
| trail and l point each for Illinois Central
and Canada Southern Increased interest
| appeared among the grangers, with i'm
| proving nricaS Rnr1inptnn wit !,
IA points. Strength was also displayed by
| Atchison preferred, Southern Railroad
| preferred and st. Louis & San Francisco.
| Although most loans We're made on Fri
day to carry over until Monday, the fact
that call rates ruled to-day at per cent
was favorably commented upon and the
| market closed strong
| About seven tenths of the stock dealt
in on the exchange advanced this week
| The dealings, which were about half a
| million larger than the week previous,
were mostly influenced by the monetary
| situation and the interest attached to the
bank statement was largely as to whether
it forecasted easier or tighter money.
Judging by the course of prices after
the bank statements appearance, specula-
tors seemed to have the view that for
the present call money would not get
| above this weeks figures. The highest
| rate for call money accommodations,
per cent. was reached Monday. Suisse
quent,y the rate gradually eased off and
| closed at per cent. only slightly above
| the lowest figures. Notwithstanding the
high rates prevailing for call money, the
| market remained firm.
| Among the specialties there was pro-
pronounced irregularity. Brooklyn Tran
| sit. on fresh acquisitions of contiguous
lines, rose 10 points. The transactions in
Brooklyn Transit were nearly three-fifths
of a million shares and the activity and
| interest in this stock was spread over
| nearly the whole week.
Sugar was second in activity, nearly
half a million shares being dealt in, the
bulk of which were in the early part of
the week. 100000 shares changing hands
on Monday at the highest quotations in
the stocks history. 1872. The stock fluctu-
ated rapidly, down and up, las being the
| lowest, and closed with net loss of II
points.
The weeks bond market showed gen.
orally healthy tone, with notable i'm
provements in many securities
U. 8. new As registered advanced y per
cent, U. S. new As coupon, the SIS, the
as and the old As coupon Y per cent, and
the old As registered Is per cent. in the
bid price.