The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-04-09
THE WORLDS MARKETS
Daily Record of Commercial and
Financial Transactions.
NEW YORK STOCK REPORT
Digest Of Exchange DEMONSTRATING Stocks.
Metal Quotations-Woo1 Prices and
Movements-Grain and Pro-
duce-Review of Trade.

New I ok, april S.-lntereSC IN to-day 5
market centered around the bank state
ment, which on its appearance received a
varied Interpretation. The first impress
SIGN seemed favorable, as prices rose at
lively rate, but full analysis of the
statement appeared less optimistic to
some.
The speculation was characterized all
day by fevershness and irregularity. AZ
ter an early show of strength weakness
appeared and some stocks lost per cent
After the shaking out of many specula-
tors the nervousness of to-day may be
considered natural Some fortunate pur-
chasers at yesterdays low level accepted
handsome profits to-day, while certain
brokers who had sold yesterday on re-
ceiving increased margins from customers
bought back stocks sold. There was a
drlbbling of standard stocks that their
owners might protect highly speculative
ventures. The impairment of some large
speculative holdings owing to the mar
ket's action of yesterday induced tighten
ing of loans on the rise to-day
aVenturesome traders with only moderate
margins paid the penalty of over-specula
ton this week and their paper profits were
quickly wiped out as well as the princi-
pal invested. The market after being
hoisted early in the week. apparently
with the idea of liuuidating the stocks
held by large interests. became top-heavy
and sagged violently toward the end of
the week, with partial recovery, leav-
ing losses in the entire list except in few
unimportant properties. The net losses
in the standard railways averaged some
thing below points, while in the special
ties the losses were in all cases considera-
Bile, the largest declines being Metropoli-
tan, 1872 Brooklyn Transit, 151a; Federal
Steel and Consolidated Gas over IL each;
Sugar, 1112; Airbrake. 10: Manhattan, 81;
Third Avenue, 5. Stocks of this class
swept over wide radius. The range of
the stocks which f1uctuated most widely
included Metropolitan which was at one
time some 50 points below the highest;
Brooklyn Transit about 80; Sugar 271a;
Manhattan. 90; Third Avenue, 20; Federal
| Steel and Peoples Gas and Information
Paper well up in the teens.
| The greater part of these violent dips
| occurred in the first hour and a half on
| Friday when the industrial panic quickly
swept out the marginal holdings of spec
ulators all over the country. While the
stringency of the market was the princi-
| pal cause of uneasfness, the discrimina-
| ton against the industrials when its
full scope became understood, was the
immediate cause of the shaking of con-
| fidence. A number of commission houses
| decided to insist on purchases of indus
trials being made either outright or that
margins be increased largely, even SO per
| cent. being exacted. Thus many special
| ties held through the rise had to be
| thrown over. Aside from the money sit
uation and unfavorable advices the devel.
| opments were generally favorable
Most of the weeks railway earnings
| were good, and there was an increase fol
the week of more than 80 per cent. in the
clearings of all the banks partly attribu.
table to the way of speculation. The deal.
ings for the week were not far from 5000,
900 shares.
The bond market followed the varia.
tons in stocks rather closely this week
but net losses were not as a rule impor.
tant.
U. S. new As coupon advanced q pei
cent; U. s. new As registered, the SIS anc
| the old As coupon q per cent. and old a.
registered Y per cent in the bid price.