The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-05-16
THE WORLDS MARKETS
Daily Record of Commercial and
Financial Transactions.
NEW YORK STOCK REPORT
Digest of Exchange DEMONSTRATING Stocks.
Metal Quotations-Wool Prices and
Movements-Grain and Pro-
duce-Review of Trade.

New York, May 15.-Opening quotations
in the stock market were vigorous no.
tice served on all parties that ample cap
ital was forthcoming to take up all Offer
ings which tinid holders of the so-called
Flower stocks choose to offer, and also
to the bears that powerful weapons were
in hand to resist any onslaught by them.
The different members Of the Flower
group opened up to points above Sat
urday's close, the favorites of the late
financial dealer Brooklyn Rapid Transit
and Peoples Gas.
New York Air Brake, in its usual vol
canic manner, made an exceptional rise of
II points in the first few minutes. These
aggressive tactics served to dissipate any
uneasiness in the speculative mind re-
manning after the violent fluctuations in
Saturdays market.
Early quotations from London also
made it evident that there were large re-
serves of capital prepared to take advan-
tage of further sympathetic declines in
the general list of securities. The buy
ing there before the opening here was no,
only for New York Air Brake, but pre-
sumably with the purpose of supporting
values; also on orders from Scotland.
Germany and Holland, as well as local
English demand. The high opening here.
especially in the Flower stocks, invited
considerable volume of offerings, but
these were absorbed without the slightest
hesitation and in a short time they ma
terially decreased. The pressure of liaui-
dalton being relieved. the efforts of sup
port were somewhat relaxed.
Prices having failed to break, bargain
hunters were deferred from buying and
the market fell into quiet state. A
brisk upward movement in Sugar to l54as
and a lively demand for the Pacit1cs and
the grangers caused a stiffening through
out the list. But the smallness of the
transa ctions discouraged continuance
of the bullish sentiment and the market
fell to kind of comparative inactivity.
The movements of prices became decid-
eddy irregular, some of the more obscure
specialties tluctuating quite widely, but
in the contrary direction. This was nota-
bly, the case among the iron and steel
stocks, Tennessee Coal. Colorado Fuel and
Iron and National Steel preferred being
notably weak. American Smelling and
the coalers were also consistently weak.
This tendency and the apparent with
drawal of supporting orders invited a raid
by the bears late in the day, directed par
ticularly against Metropolitan Street
Railway, which was raided down 8 points.
The grangers and the Pacific also suffered
in the decline, except Central and South
ern Pacific, which were consistently
strong. Metropolitan Street Railway rail-
lied very strongly-9 points-the local trac-
ton shares responding in sympathy. The
bear traders covered, making the closing
firm.
The conspicuous changes were in the
Flower stocks, which closed higher,
though below the best of the day. Other
wise changes in the prominent stocks
were not large. Net gains predominated.
In the bond market there were some
heavy takings of Baltimore & Ohio As,
when issued. Dealings were moderate and
changes irregular. Total sales, par value,
$41sO0O0.
U. S. As advanced Is per cent. in the bid
price.