The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-09-09
THE WORLDS MARKETS
Daily Record of Commercial and
Financial Transactions.
NEW YORK STOCK REPORT
Digest of Exchange Nsws-Mining Stocks.
Metal Quotations-Wool Prices and
Movements-Grain and Pro-
duce-Review of Trade.

New York, Sept S-Considerable stock
was thrown upon the market to-day as
result of the fears of war between Great
Britain and the Transvaal, and the condi-
ton of the local money market was con-
tinued cause of uneasiness. The market
took the offerings very well and so very
wide breaches were made in prices. First
prices of a number Of the internationals
were the lowest of the day, notably Kan
sas & Texas preferred and Norfolk &
Western preferred which fell rs and
point respectively. Decline were not down
to the London parity rule, and Vigor-
Gus support was forthcoming at the de-
cline.
Kansas & Texas preferred and Norfolk
preferred recovered their losses and there
was a rally all along the line. Near noon
there was renewed weakness on the CIR
culation of alarming rumors regarding the
outcome of the British cabinet meeting.
The general level of prices fell lower than
on the first dip. There was movement
to cover short contracts when authehtlc
reports were received Of the better teel-
ing engendered in London after the cabi-
net meeting. About the same time Man
haitian was taken in hand and marked
Railway, Sugar and Brooklyn Transit
rose simultaneously. The general level of
prices rose a large fraction, sufficient IN
many cases to wipe out earlier losses.
There were some subsequent wide move
ments in special stocks, but the general
market continued quiet and dull and
prices were not again materially changed.
Tennessee Coal rose aggressvely to III
in the final dealings and Manhattan
touched 116, the specialties generally
showing about the same response. Pa
cttic Mail suffered a loss of nearly 4
points on the statement of decrease in
July earnings, but rallied afterwards
Other stocks to show acute depression
were Tin Plate, American Hoop, the To-
hacco stocks, Third Avenue, Metropoli
tan West Side Elevated preferred. Leath-
or preferred and National Steel. and
among the railroads, Erie LIST preferred
Colorado & Southern LIST preferred, North
western, Omaha, Lackawanna, Hooking
Valley preferred, Fort Worth & Rio
Grande and PittSburg, Cincinnati & St
Louis preferred.
The tightness of the money market was
unrelieved, the time loans being held at )
per cent. and call loans for the most part
ranged from and up to per cent. The
late fall In call loans occurred after the
reeds Of most of the borrowers had been
met. and was without significance. a
to-morrow's bank statement is a fore
gone conclusion. The movements of cur
rency by express indicate a net loss to the
interior by the banks of considerably
more than IS, 600. 600, and the sub-treasury
has gained from the banks, including
payments for taxes and deposits for telc-
graphic transfer to the interior S. $50. 600
No set-off is apparent against this loss of
cash of upwards of sS,500000. Sterling ex-
change in New York fell sharp fraction
this morning in spite of higher discount
rates in London, but the bankers rates
for demand sterling partly recovered in
the afternoon. The recent firmness of
sterling exchange is attributed to a de-
mand for bankers bills to cover short
sales made against cotton bills.
The bond market showed Il yielding
tendency on a moderate volume of trans
actions Total sales par value. 100000,
T.. s. bonds unchanged in bid quota
tons.