The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-09-02
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, Sept. 1.-The feature of to-
days market was the vigorous effort of
the bulls about midday to lift the market
out of its listless and heavy condition by
a sharp advance in the Nanderbilts. The
effort mscarried and invited such flood
of realizing that prices sold off to the
lowest point of the day. which was in
many cases as much as 81 per share be-
low last nights level The bears had
hand in the decline, but the demand from
shorts to cover was light and rallies IN
the general list were of small proportions.
The movement of railroads generally
through the morning was exceedingly
small either way except in a few indi-
vidual cases. Chicago & Eastern llinols
was pushed up over points above par,
but relapsed nearly points. The move
ment of the specialties in the first hour
was a good deal mixed, Consolidated Gas
and Tennessee Coal shooting up points,
but tobacco stocks Brooklyn Transit and
Sugar were heavy in tone.
Only a little before noon Omaha and
Northwestern were pushed up on a reViv-
al of the old story of the absorption of
the former by the latter. About the same
time the appearance of the New York
Central annual report showed in detail the
rather striking economies effected by the
consolidation of that great system. The
result was a rise of points in Omaha, 33s
in Northwestern and nearly 2 points in
New York Central A number of other
Vandervits sympathzed to the extent
of a point and the Union Pacific stocks
were bid up a point. giving force to the
rumor that the much-tal of transcop-
tinental consolidation was about to be
perfected. The very heavy blocks of I'm
ion Pacific stocks coming out on the rise
and the decline caused by the bears SELL
i,,r for la1I limo nj q "A r.
mined raid and a realizing movement
along the line. The gains, which had
been extended in some cases to nearly a
point, were quickly wiped out and the
general level of the market fell below
last night. Brooklyn Transit dropping
points and Central Pacific losing TX
points.
The market was very listless during the
last hour and closed generally easy. Lon
don sent higher prices and bought here to
moderate extent but this support was
without avail to sustain the market. The
fear of an unfavorable bank statement
was a heavy weight on the market. The
New York clearing house banks have lost
heavily during the week, both through
the interior movements and to the sub
treasury Shipments on balance to the in
terror to the extent of nearly 81, COO, 900 can
be traced. The shipments of the sub
treasury during the week show that insti-
tuition to have absorbed on account of in
ternal and revenue customs payments and
deposits for shipment to the interior
something like SO 800, 600 after allowing for
the payment of 100000 on account OF
drafts from the San Francisco mint
Some allowance is to be made for re-
ceipts in gold at assay offices which are
credited to the banks, and there is an APP
parent loss of cash of nearly 5000. COO
There is no evidence of any sufficient re-