The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-11-11
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-
a duce- Review of Trade.

New York, Nov. 10.-The carly mart OF
the day in the stock market was given
over to a continuance of the throwing
over Of stock holdings which was In evil
dence yesterday. The liquidation was on
a large scale and embraced all depart
ments Of the list. The more highly spec
ulattve industries showed the widest
changes, but the selling of the standard
railroad stocks was fully equal in
amount. There was no stock or group
OF stocks which took a conspicuous place
apart from others unless it might be
said that the iron and steel stocks were
relatively somewhat firmer than the gen.
eral list. The same might be said of
Northern Pacific and Union Pacific. De-
clines at the low point exceeded a point
Tor many standard shares and in few
cases reached upwards of two points
Leather, after a break of five points
rallied somewhat and retired into the
background of the trading, transactions
IN 1t being small for the remainder Of
the day Sugar and Manhattan were
rather weaker than the balance of the
list, but they rallied with considerable
vigor.
The latter part of the day was given
over to a gradual and very general re-
covery Of part Of the earlier decline on
a much diminished volume Of trading
Most of the leading railroad stocks raj
lied a large fraction and number of the
specialties between one and two points.
Consideration of the money outlook
continued to dominate sentiment on the
stock exchange. The banks continued to
call loans for large amounts. the rate for
call money opening at 13 and running up
to 10 per cent. Large amounts of stocks
held with borrowed money were thrown
upon the market. After each successive
period Of liquidation the market fell into
a condition of semi-sta gnation
During the afternoon the rate for call
money dropped off as low as per cent
and the demand for stocks developed.
which caused the recuperation in prices
to the closing level. The usual prelimi-
nary estimates of the weeks cash move
ments showed rather smaller shipment
to the interior than had been estimated,
though the loss to the sub-treasury of
S3,O0O,OOO was up to anticipations. The
weeks net loss in cash figured at more
than 100000 from all causes. The cas-
ing In the money rate to-day served to
ameliorate the dread that to-morrows
bank statement would show an increase
in the deficit The loan contraction dur
Ing the week has been large. There was
rumor on the floor of the exchange that
the banks reserves had been Increased
ny means of cash deposits by institutions
IN New York city. with view to relieve
the situation. This rumor could not be
traced to any authentic source, but af-
fected the sentiment on the stock ex-
change and inclined speculative opinion |
TO look for another surprise in the, bank
statement. The stiff money market re- |
suited IN further drop in sterling ex-
change rates. which was assisted also |
by buying Of stocks here for London ac-
count, estimated as high as 1000 shares
New York exchange at Chicago rose
again to par, but at New Orleans the
York ave"
Prices of bonds moved In sympathy with
stocks early in the day. but failed to re-
spond to the late recovery. Total sales,
~, $780, 0oo
Y. s. 3s advanced u per cent and the
old As registered Is per cent. in the bid
price 'N