The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-11-03
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
Movsnents-Grain and Pro-
duce-Review of Trade.

New York. Nov. 1.-The stock market
4 took on show of great animation and
:, strength to-day and some very striking
; ever, though higher in price, at the close
> developed little activity. The opera tons,
a, which totaled $50, 200 shares, were largely
= confined to the professional element. The
= upward movement was obviously based
? upon the notably easier tone of the money
. market. The largest operations were by
powerful pools and strong financial in
e.ferests which have command Of money
y resources outside of the usual money mar
ket circles The prevailing opinion in
wall street is that prices of stocks would
: move upwards early if the obstacle of
4 stringent money were removed. The large
4 outstanding short interest in stocks has
+. .peen palpably uneasy for some time past
ana any indication of relaxation in the
2 fightness of money makes them inclined
10 cover their short contracts. The pro-
fessional operations in number of PROM
- inent stocks to-day were obviously di-
fected against the bear contingent and
with good success. II Is very probable
however, that the large buying at other
points is based on expectations of a rise in
prices on account of the growing pubic
interest in stocks. 1t is the period Of. the
year in which, under normal crcum-
stances, the extra uses for money in the
moving OF the crops begins to show li-
minution releasing large funds for en-
ployment in stock speculation F,xpar.
opinion, however, is by no means unan-
nous that. funds will be released in the
usual volume this fall, owing to the mar
Vicious expansion IN business. Outside the
highly speculative industrials the move
ment in the railroads centered in the
Southwestern group. The special strength
and activity in Southern Pacific helped
the Southwesterns and was based on cur
rent rumors of readjustment on control.
The belated movement in cotton was a
factor of strength among both Southern
and Southwestern railroads. There were
special movements besides in Big Four
and Chesapeake e. Ohio and some de-
mands for the coalers. The upward move
ment in the iron and steel stocks encoun-
tered difficulties as did that in Brooklyn
Rapid Transit Speculation in leather
continued on an enormous scale, the stock
rising Sh. Sugar was also very promi-
nent and rose at one time points. There
were notable movements in Standard
Rope. Peoples Gas and Manhattan. The
extent of the advance invited heavy real
ising, especially during the last hour. and
some stocks showed reactions Of between
/ and points from the highest The gen
cral tendency was yielding. in spite of a
fresh advance in Southern Pacific to 413i
and in Chesapeake & Ohio to 90. The up
ward impetus at the opening was caused
by higher quotations from London and
the effect was exaggerated by the circu-
lation of a canard alleging the defeat of
the Beers at LadySmith.
The bond market was active and strong,
the demand well distributed. Total sales,
sa.S95.0o0. U. $. old As advanced Y and
the is new As and SIS u in the bid price