The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-02-19
THE WORLDS MARKETS
Daily Record of Commercial and
Financial Transactions.
NEW YORK STOCK REPORT
Digest OF Exchange News-Minine Stocks
Metal Quotations Wool Prices and
Movements-Grain and Pro-
duce-Rsview of Trade,

| New York, Feb. 1S.-The net changes in
stock prices for the day were irregular,
| with slight fractional advances predomi-
stocks the advance was considerable. The
dealings were very large for a Saturday
short session-about 100000 shares.
London was early a seller and later re-
purchased. A more confident sentiment
| regarding the situation at Paris accompa-
MED the election of the new president
Houses with Washington and Chicago
connections appeared as liberal pur-
chasers and the selling was scattered
| me standard shares We're generally strong
| while the feature of the market was the
| sensational advance in Tobacco, which
| made net gain of 11A points after an
| extreme advance of almost 20 points, The
| dealings in this stock We're of very SEN
sational character, the variations between
sales running either way from 1 to 4
| points. The movement was generally
considered as directed against the short
| interests.
| Various reports were current of absorp-
ton or friendly relations being establish
ed with the company's most conspicuous
| rival but these stories We're denied in
other quarters.
The market became irregular after the
opening exhibition of strength, realizing
sales being offset by confident buying in
others. Burlington was jammed down .
points and the grangers and railways
which have been strong crumb.ed.
Meanwhile Manhattan, which broke 3
points on the order for the removal of
the elevated structure in Battery park.
recovered most of its early loss. 1t was
tha silva rctl, MI,
steadied the rest of the industrials. includ-
ing Sugar Metropolitan Street Railway
and Third Avenue displayed considerable
strength. as did number of the low
priced stocks. After the first hour many
stocks went up at a lively rate.
The appearance of the bank statement,
which, while about what was expected,
showing decrease in the surplus and an
increase in loans, brought about consid-
cradle realizing. but coverings of shorts
lifted prices again to some extent. The
market closed active and strong
Advancing prices, like a rising tide
stole on the bears this week. waves of
purchasing orders forcing retreats from
one position to another. In the fore part
of the week the market was highly pro-
fessional and cautiously manipulated lest
the trading become too wild and thus
render conservative spectators and in
vestors timid. Favorable underlying fea-
lures We're not different from those pre-
vlously prevailing, but the adroit ones.
having acquired stocks while the market
was semi-stagnant, wished them to ad-
vance, and as they lifted them it became
follow the leader which this week was
Burlington
Gratuitously disseminated gossip that
purely trading market was to be ex-
pected had encouraged the putting out
O. short lines but the rising paper values
induced covering, which at times was
very urgent. The continued prevalence of
easy money was the backbone of the
price movement. Little impression was
made upon prices by the increase in loans
and decrease in reserve shown by the
bank statement for the three Saturdays
ending to-day. There We're various rea-
sons assigned for the increase in loans,
among them the financing of many new
tiotations of industrial combinations, re-
funding schemes and amalgamations
pending of allied railway interests. The
strength of the market despite the storms
was indicative of increased confidence.
In fact, all unfavorable news includ-
ing the death of the president of France
with its possible complications, made but
a transitory imprint on values while ia
vorable news rumors of pending develop
ments quickly recruited the ranks of the
ortimists.
The weeks bond market furnished a
number of features, including revival of
activity in the Central Georgia issues
which ordinarily are dull. The market
generally displayed an advancing ten
dency. with a considerable increase in ac-
tiVity toward the end.
L. S. new SIS and the As declined u per
cent. and the old As registered and the
IS coupon Is per cent. in the bid price.