The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-10-27
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-Review of Trade.

New York. Oct. 2s.-The evidences of
strength in yesterdays stock market at
tracted quite a large buying interest this
morning and the market during the first
hour took the upward course with very
active trading. The demand showed,
however, a marked falling off during the
rest of the day and the isolated points of
strength which developed from time to
time proved unavailng to sustain prices
and the drift was downward until the
close. which was very generally al the
low point of the day and at a level be-
low last night. The market during the
first hour was conspicuous for the great
breadth of the demand, the number of
stocks which moved being no less than
Ro. The aggregate number of shares
dealt In was also very large Broadly
speaking. the market was reversal of
that of yesterday in that railroads were
generally inclined to react while the in
dustrials moved upwards.
The evidences of profit-taking, in the
coalers. which were manifest even in the
opening dealings. prompted selling to re-
allze in the railroad list. The outside de-
mand for stocks was very much increased
and 1t was this which was bought by
the professionals, who have been accu-
mulating stocks at the lower levels. At
the same time vigorous strength of Su-
gar Tobacco, Brooklyn Transit Rubber
and other industrias and the continued
speculation in the Leather stocks helped
to sustain the list while the realizing
was going on. These stocks all suffered
to the extent of from l to more than 2
points in the late downward movement.
Inside support was manifest in some of
the newer industrials, which have been
the target recently for bear attack. This
mo G M taH lSy frItn Of 1n oil
cose stocks, Mailing preferred leading
with a rise of nearly points. OF the low
priced stocks Standard Rope & Irvine
was brought forward with an advance of
~ points, half Of which was subsequently
lost
The iron and steel stocks also received
attention, especially Federal Steel, but
gains in them were no better maintained
than elsewhere.
Other stocks which were strong at diff
ferent times included Atchison preferred
on its September statement of earnings,
Southern Railway preferred and Chesa-
peake & Ohio.
London was buyer here, though on
smaller scale than yesterday, and sterling
exchange yielded a fractional increase
Apprehension of an unfavorable showing
by the reports Saturday was an in
fuence in the market. The banks net
loss to the sub-treasury thus far foots up
more than $1,300000 for the week. The
rate for call loans dropped suddenly near
the close to per cent, but only after
the bulk of the days demands had been
met at 6h@7 per cent. Tenders of money
on time hold out for per cent. and eX-
act choice collateral ytFhe fact is that
some large interests operating in the
market have been lenders of money and
are calling their loans for their opera.
tions in stocks.
The dealings in bonds disclosed the
same breadth as those in stocks, many
dormant issues being brought into the
trading. Standard Rope & Irvine in
comes rose an extreme So points and re-
acted points.
The bond list reacted in sympathy with
stocks in the latter part of the day, maxi
ing the changes somewhat mixed. Total
sales $2195,000 par value.
U. S. new As registered and the SIS reg
istered declined Is per cent. in the bid
price.