The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-11-28
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-Rsview OF Trade.

New York, Nov. 27.-People who bought
stocks on Thursday and Friday found
the expected market for them this
morning and awaited themselves of the
opportunity to sell out to a large ex-
tent. The sub-treasury operators last
week made it sufficiently obvious that
strong bank statement would be forth
coming on Saturday, and the new
strength in the market on account of
Saturdays bank statement had there
fore been discounted Prices were OPEN
ed high and the advance in Americans
in London had the appearance of be-
ing manipulated from New York for the
sake of influence on the opening here
At all events the London market was
depressed early on the rise in the money
rate and sold stocks here from the open
s91g until long past the usual hour for
closing. Pennsylvania was an exception
and was largely bought by London. This
demand was largely responsible for tho
stocks rise of AZ over Friday, during the
afirsN hour. 1t subsequently reacted and
saWd only 2& Of the net gain. The high
Prices at the opening were the signal for
extensive realizing. which was most
marked in the Baltimore & Ohio issues.
The opening price in the preferred ran
all the way from IS down to 1891. There
was occasional rallies in these stocks,
but the pressure Of protit-taking was re-
newed and their close was near the low
est at net losses of IN and TX respect
lively. Union Pacific showed the effect
of profit-taking and Sugar was obvious
ly weak from the start. These were suf-
Hcently powerful factors to decide the
general course of the market downward,
The heavfness became quite widely dis
seminated as the day progressed and
many net losses of a point or over will
be observed. While the general course
n he -
points of strength persisted. Manhattan,
Federal Steel. American Hoop, Chesa-
peake & Ohio and Peoria, Decatur &
Evansville rose from one to two points
without maintaining the full advance,
Leather continued very cratic over a
range of 5R points below Fridays close,
The late break in Sugar to 154 and the
st. Paul statement for October showing
decrease in net earnings of nearly $780,
600 emphasized the late weakness ST.
Pauls increased operating expenses or
improvements charged that account have
now wiped out all Of the increases in
gross earnings since July and estab-
lshed net decrease for that period Of
nearly 100000. The condition of the
money market was affected by the i'm
proved showing Of the banks on Satur-
days statement The fact was pointed
out that while the statement of all the
clearing house banks showed a decrease
in loans of S3125, 500. and an increase in
cash reserves of $500 2i5, a single link on
the associa ton reportsa decrease in loans
of s4,1S6,900, and an Increase in cash Of
Withdrawn from the showing the aver
age condition of the remaining banks,
therefore has not been opened. The ma.
Jorlty of the days loans were mada at
per cent. and the srata for sterling ex-
change advanced sharplyain repsonse to
the money pressure in London. There
was good absorption Of railroad bonds
and prices advanced. Total sales, par
value, 50, 960,000
United States 2's advanced half and
the as and new As Is in the bid price, the
SIS declining H.