The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-09-21
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, Sept. 20-This was day of
violent fluctuations and great speculative
excitement upon the stock exchange. The
movement of prices was so feverish and
uncertain that the disposition among pro-
fessional operators was generally to
close up accounts with the day. As a
consequence net changes are astonish-
ingly small, considering the wide vibra-
ton during the day, in only a few in
stances exceeding fractions and, though
the majority of stocks are lower, there is
a fair sprinkling of gains. There was
time in the morning when a long list of
specialties had advanced between 112n3
points, and during the afternoon they fell
very generally to as much below last
nights level.
A range of between 3 and points was
traversed during the day by the following
industrial stocks: Continental Tobacco,
Smelling, Colorado Fuel, Consolidated
Gas, Federal Steel Manhattan, Peoples
Gas, Tobacco, Metropolitan Street Rail-
way and Tennessee Coal
The railroad stocks did not move nearly
so widely as rule, but an extreme range
of between Ia and tx and AZ points was
traversed by St. Paul. Rock Island, Bur
lngton, Northwestern, Great Western
"A" Chicago & Eastern Illinois, st. Paul
& Duluth, Great Northern preferred,
Reading LIST preferred and Lackawanna-
The index of the market all day was
Brooklyn Transit, the dealings in which
were on an enormous scale. With total
capitalization of 100000 shares, to-day's
dealings in this stock footed up 2S5 rs
shares. 1t advanced 2% points after the
opening. fell 7s4 to new low level of
751a and then retraced its course. rising
s points to 1915 and closing at the high
level of the morning. The whole market
followed in it's wake in general way,
though its erratic fluctuations were i'm
possible to follow at all times. The mar
ket was a gigantic speculative contest
throughout. The bears broke down the
gains which had been built up in the
morning with apparently little effort and
dslodged some very heavy offerings
the decline from holders who had vainly
hoped that the fall in prices had come to
an end.
There was large selling through COM
mission houses and the flood of indus
trials poured upon the market was said
to be due to the calling in of some large
loans in which these stocks figured as
collaterals and had to be sold to liqui-
date.
U. S. Milling, which sold yesterday at
56, sold to-day at "a after first selling a
%, an extreme decline of - points The
preferred stock, after selling yesterday at
Is, sold to-day at 80. The closing prices
for these stocks were, for the common 30
m25 and for the preferred 406t50.
There was no important development
to-day in the money situation. The rise
in New York exchange at Chicago and
the advance in call loans at some other
Eastern cities indicates that the Western
demand for money has been shifted some
from New York to the other Eastern cit
les. Considerable sums of Chicago monsy
are reported to have been loaned in New
York during the week The outgo, how
ever, stll continued both to the interior
and to the sub-treasury
Foreign exchange was somewhat cas-
ier, notably more so on Paris and Berlin
than on London. AT this time last year.
when the New York surplus reserve had
fallen below s., 900, COO, gold began to come
in promptly from Europe. Previous to
September last year we had already i'm
ported more than 100000, 900 of gold on
balance. while thus far this year the ex-
cess of exports of gold has been nearly
$1,000, 600 Although the merchandise ex-
ports for eight months of this year is
nearly $4,000, 900 less than last year, the
unliquidated trade balance in our favor
greater than for the same period last
year. Sterling exchange is still 11Ac on the
pound above the level at which gold i'm
ports began last year.
Bonds weakened in sympathy with
stocks. but the movement was not wide
Total sales. par value, s1.51200o.
u. S. bonds were unchanged in bid
quotations.