The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-11-15
The WORLDS MA Rk /
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, Nov. H.-Prices of stocks
traversed quite a wide range during the
day throughout the list, but net changes
are almost all fractions and the majority
on the side of losses. Money prospects
continued the dominant influence in the
trading. The events of yesterday had
turned all the traders on the bull side
and the market opened with an upward
movement In prices. which extended to
large fraction on the average of reac-
tionary tendency which developed. Con-
tinued buying by long people caused
special strength in individual stocks,
notably in General Electric, which rose
an extreme four points on runors of an
extra dividend, and Consolidated Gas,
which was up at one time five points on
rumors of a settlement OF the local gas
war There was a CONTINUANCE of the
heavy absorption of Southern Pacific,
which gave a. healthy tone to the rail-
road list. Profit-taking in this stock
was detected at an early period of the
trading and had not a little to do with
checking the general upward tendency.
The decisive influence in starting prices
downward was the realization that yes
terday's easing of the money rate was
due to a supply of funds, and not to any
SouSlueTdDle cnaHSe III Jne COHQ1tlOnS OF
the money market. large portion of
the break was attributed to tho cash de-
post by one of the railroads for the pur-
pose of taking up an old underlying is
sue of bonds. This supply of money had
the effect of offsetting the calling In of
loans at the banks, made necessary by
the depletion of reserves, and prevented
the stringency of the money market
which had been feared. The effect was
manifest, the rate for call loans not 60
ing above per cent. and ruling gener-
ally below that,
But the sterling exchange rate showed
a quick response to this easing money
rate and moved an additional fraction
upwards from the gold import point
This caused a cessation of talk of i'm
mediate gold imports on which was
based the upward movement of yester-
day in stocks. Thus the hope of relief
by an inward movement of gold had to
be fabaDdoned for the time being. In the
meantime the absorption of funds by the
sub-treasury- and this continuance of de-
.mands from the interior have still to be
reckoned with. Encouragement over
came the operators for rise and they
proceeded to sell out their holdings, wip-
ing out the earlier gains and carrying
prices below last nights level
Considerable speculative activity is di-
Nerted to the cotton market. where the
development of a. foreign demand indi-
Gates the REIMBURSEMENT by foreign buy
ers OF their attitude of waiting for lower
prices. As bearing on the general money
situation it is important to note that ad-
vices from the South report money in
abundance there 30 that planters have
been able to obtain accommoda lions for
holding their cotton for higher prices.
The largely increased supply of cotton
Dills in the exchange market In the last
few days, with the movement in cotton,
VIII naturally result In the early release
of funds in the South and hasten the re-
turn flow of money from that region.
Prices of bonds moved somewhat irres-
hiariy in sympathy with stocks. Total
Baies 81, 900. ..sr.+ --a