The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-08-15
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. Aug. l4.-Ihe Stoch ih"'
started off with something of an upward
rush, exchange traders and small OUTSIDE
following having apparently come 10 tne
conclusion that Saturdays bank state
ment indicated that all vexed problems in
the money problem had been settled and
that ease and abundance of funds were
now at hand. The first sharp advance III
stocks, however. demonstrated that the
nressure of some heavy selling would
have to be encountered on any general
upward movement. The market there
after Iapsed into the spotty condition
which has been its recent characteristic.
A small number of stocks showed very
marked strength. but the usually active
and prominent stocks lay practically DOR
mant throughout the session and showed
a sagging tendency, which the strength
in special instances had no effect to-
wards counteracting.
Tennessee Coal and Iron advanced by
sensational leaps an extreme or oSt
points. giving color to the rumors of
corner in the stock The tone was fever
ish below the high level and the net gain
was 3M points.
The announcement of the settlement of
the smelter strike in Colorado enhanced
the prices of quite number of stocks,
including American Smelling. which s
most directly affected; Colorado Fuel,
Denver G. Rio Grande stocks and Colo
RADIO Southern stocks.
Gains in the group ranged from IA in
Denver & Rio Grande to 5A in Colorado
Fuel preferred. The smelling stocks rose
oil
to show strength were comparatively
few The Chicago Great Western deben-
lures started downward after their nota-
BILE rise on Saturday, and are nearly Z
points off on the day, but the preferred
"A" stock is IN more than points ana
the preferred "B" stock more than
point.
Besides these there are notable gains in
the P. c., c. & st. l.. stocks, Louisville
Kansas & Texas preferred and some OF
the low-priced railroad stocks.
Confidence over the money situation had
a RELAPSE the conviction growing that the
Saturday bank statement may not he a
fair reflection of Saturday conditions in
the market. Uneasiness and depression
were also reflected from abroad. political
disauiet in France and advancing money
in London and Berlin threatening some
pressure of liuuidation from tnose quar-
ters should this country's credits he call
ed home Whatever ease is manifest in
the money market is realized to be due
to the nuietude of speculative markets
the world over and conservative heads in
the financial world are inclined to frown
upon an outbreak Of speculation.
The closing of the market was active
but extremely irregular. Peoples Gas
mounted above 100 on the announcement
of the ACQUISITION of the Pullman Gas
company. while other stocks tended
downward. Net changes are mixed.
The bond market showed increased ac-
tvity, Kansas e. Texas seconds leading.
Prices are higher. Total sales, $2.3SlOoh.
T. s. 3's and new As advanced u per
cent and the old As registered and the
IS "a per cent in the bid price.