The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-01-08
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, Jan. 7.--Stocks resumed their
cases advanced violently Efforts to
bring about a reaction were successful
only in the initial trading, There were
moderate arbitrage sales for London ac-
count, which aided the early efforts of the
reactionsts. The grangers and Pacifics
Flower specialties, Brooklyn Transit,
Federal Steel and Peoples Gas, were very
sharply off. The execution of an order to
sell large block of stock at the market
price caused bad break in Tobacco,
Shorts brought out further sales by stop
loss orders. Floor brokers in many cases
advised their houses that the movement in
the general market was too violent to
last and presently buying orders predom-
mated over those to sell. The purchases
were largely increased on the appearance
of the bank statement, which was far
more favorable than expected. Notable
advances were made in American District
Telegraph, which rose points: Colorado
Fuel, 10 points, and Rubber preferred 2
points. The close was active and strong
at the best.
Hesitancy and irreguarity marked the
weeks fluctuations in values. The under
lying conditions continued very favorable
in mercantiles and fancy articles and
market improvements were largely tech
meal, owing to the advance. Prominent
SPECTATORS in this were ranged on both
sides, one party marking up their special
ties, bringing out considerable commits
sion house following, while others dis
posed of their holdings and tested the
market for the reaction with some success
on Friday and early Saturday. But the
market moved up before the close.
The condition of military affairs in the
Philippines and talk of friction between
England and France, as well as desire
to realize profits, were assigned as rea-
sons for the selling on London account
London's persistent selling on balance
daily initiated a nervous and unsettled
trend in early trading. which, except on
Friday, was as regularly overcome by a
subsequent rise. There were pronounced
movements in both directions in the spe-
cialties, while the standard securities
f1uctuated less widely. Changers for the
week show fractionally irregular changes.
Pronounced advances for the week were:
Brooklyn Transit, Ii: Colorado Southern,
LIST preferred, Z; New York Air Brake and
Tobacco, 5 each, and Pullman Az. The
traffic returns of the railroads were near
ly all unusually large. st. Paufs gross
receipts for the fourth week in December
were unprecedented, exceeding last year s
returns for the same period more than a
quarter of million dollars.
A feature of interest was the import
of million and half in gold. The cur
rency movement toward New York. which
has already set in, seems likely to con-
tinue.
Colorado Southern, which is the new
| nf1
tation of the Union Pacific and Denver &
Gulf railway, showed exceptional
strength and activity, making a total gain
of points for the list preferred
The bond market during the week dis
played considerable irregularity, but there
was a decided undertone of strength,
| which prevented any concessions of note
in the prominent lines,
U. S. old As and SIS coupon advanced "A
per cent. the new As and SIS regular rs
per cent, the 3's declined Il per cent, in
the bid price.