The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-02-17
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-
ducs-Review of Trade.

New York, Feb. 16-Practically all
prominent stocks advanced to-day, with
gains in many cases material and trading
at the best. Traders from time to time
sought to bring reaction, but were dis
lodged from one position after another
and the movement became general. In
fact the active stocks of Importance that
were exceptions to the rule were tobacco
and Northern Pacific, the former suffer-
ing loss of 3ia on the prospect of in
creased competition and the latter with
decrease in earnings reported yesterday
for the second week in February, which
decrease was said to be due to storms.
London bourses reversed their purchases
on Northern Pacific and bought more
than they sold of 1t and other stocks. Bur-
lington, which was eX-dividend to-day.
made an extreme advance of ~ on a large
volume of trading approximating 100000
shares. The buying of this stock was
largely by houses having Boston connec-
tions. The advance was stimulated by the
statement of prominent operator that
he had purchased largely in the belief
that a refunding plan would be announced
in few days. The influence of Burling-
tons strength permeated the whole list,
but more particularly affected the other
grangers, which were benefited TO the ex-
tent of point and over. Union Pacific
was lifted nearly two points and the pre-
ferred point, while Central Pacific ad-
vanced l per cent. on the report that an
agreement had been reached with the
government commission for settlement
of it's obligations to the United States.
oil and ir1
Avenue were very strong, rising AS and 5
respectively. Federal Steel was in the
van of the Flower stocks in their rise,
which began as the day drew to a close.
The common advanced three points and
the preferred two. Among the coalers
Reading first preferred and Jersey Cen
trail rose 11a each. International Paper
and Sugar advanced over two points each.
New York Central and Northwestern,
among the Vanderbits, We're benefited
about a point in the RISE while c. c., c.
& st. L. left off with a gain of 15s. Trad
ers thought that the fractional advance
in London before the opening had been
manipulated from this side. They sold
freely on the idea that the effects of the
storm would result in lower prices at the
East, temporarily. Subsequently they COW
cred from time to time as pronounced
strength appeared in the various stocks.
III lNe llHal uedlllSS SOME StuCks were
taken in expectation that the days adj
vance would bring the public into the
market. in day or two. The excess of
exports over imports for January, APP
proximating s57, 100000, was something of
a sustaining factor, inasmuch as it was
taken to be an easy means of settling for
the large sales of American stocks for
foreign account in the past three weeks.
The healthful tone in stock speculation re-
confident purchases in the bond market.
Central Georgia consols and Wisconsin
Central firsts led in point of activity and
strength and important gains were also
chronicled elsewhere. Total sales, $500,
600.
u. S. new As, the old As and the IS de-
cined Is in the bid price.