The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-08-22
THE WORLDS MARKETS
Daily Record Of Commercial and
Financial Transactions.
NEW YORK STOCK REPORT
Digest OF Exchange News-Miuing Stocks.
Metal Quotations-Wool Prices and
Movements-Grain and Pro-
duce-Rsview OF Trade.

New York, Aug. 21.-There was battle
royal between the bulls and the bears on
the stock exchange to-day. The bulls
had somewhat the advantage of position,
as they were entrenched behind a long
and well-distributed demand for stocks
of all varieties. Commission house bust
ness was on a very large scale and the
movement of prices in the majority of
the list was varied throughout the day,
realizing going on in liberal way at one
portion of the list while prices were
marked up in another. One of two stocks
showed conspicuous strength, but the
tendency to advance in the railroad list
was surprisingly uniform and took in all
grades of stocks, from the highest to the
lowest. But there were spots in the in
dustrial list which proved exceedingly
vulnerable and the persistent determna-
ton with which the bears raided these
resulted in wiping out the majority of
gains which had been achieved in the
railroads and reducing practically all that
remained to fractional limits.
Brooklyn Transit suffered the severest
attack from the bears all day long. 1t
was offered down through successive
stages, each drop bringing out deluge
of long stock and copous stop-losses.
The success of the bears with this stock
encouraged them to extend their attack
to other members of the so-called Flow
er group" They forced down 1nterna-
tiona1 Paper an extreme of S points and
Federal Steel suffered to the extent of
3ss. Peoples Gas lost over 2 points and
Rock Island a point. The extent OF the
decline invited hasty covering and there
were rallies of to points in the group.
tlrxrlx "
and Third Avenue showed wide declines
in sympathy, ranging from 2ls to Az
points in the case of the first two named
Sugar was also vulnerable after an early
gain of a point, and dropped nearly 2
points. Steel and Wire showed a marked
dropping tendency, and other iron and
steel stocks were also heavy. The infiu-
encc of this weakness in the railroad list
was accentuated by late marking up
of call loans to 3ha per cent, after having
ruled at and below 3 per cent. during
the early part of the day. The fact re-
mains that a large portion of the days
business in the list was done at prices
above Saturdays.
There was an enormous absorption of
stock from the opening in spite of the
rather heavy tone reflected from the for
eign stock markets on account of the dis
orders in Paris and the uneasiness over
the political situation and the spread of
the bubonc plague. Tennessee Coal rose
huoyantly "A per cent. to par in the first
few minutes of trading. 1t went back
during the day to 81 and closed at 49,
Louisville continued in active demand and
sold up to 1875. A number of low-prced
stocks. notably Denver & Rio Grandes
and N. & W., were in good demand and
the large organized buying of Southern
Pacific was continued. This stock was
held back by realizing and did not at
any time rise more than a small frac-
ton over Saturday.
Stocks of railroads in Colorado were
uniformly strong on the improved con-
ditions in the mining industry in that
state Atchison preferred the grangers,
the coalers, Baltimore & Ohio stocks and
Union Pacific were in large demand. Very
little remains of the early gains in these
stocks, which raised a point or more in
a number of cases. American Tobacco
ended with a gain of nearly 2 points.
There were a number of other more OBJ
scure stocks that showed strength dur
ing the day.
The bond markets have increased in
sympathy with stocks There were con-
spicuous gains in Southern Pacific fours
Colorado Midland fours and Atchison
fours. Total sales par value, s4,12S, 900.
u. S. SIS advanced * per cent. in the
hid pripe