The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-12-28
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, Dec 27.-The market for Sc
curties showed the effect of the great re-
lief felt by the dissipation of several
factors of apprehension and prices
mounted up with increasing buoyancy as
the day progressed. The market closed
with a burst of animation and strength
at the top level of the day. Net gains in
a number of important railroads reached
points. with long list of advances of a
point or better.
Among the industrials and specialties
gains were even more striking, quite
number advancing from to 10 points as
a result of the days trading. Demand
from an outstanding short interest to COW
er accumulated the strength of the latter
group, those which have recently suffered
most showing the greatest benefit from
was almost a solitary exception and was
subjected to various attacks all day in an
effort to unsettle the market and check
the advance. But this stock, although
it ranged over more than points, closed
with a net loss of only one point.
The leading influence in the improve
ment of sentiment was the quiet and or
derby manner in which the periodical set
tlement on the London stock exchange
proceeded. Since the last settlement on
that exchange Great Britain has suffered
three notable reverses to its arms in
South Africa, its three columns of inva-
sion have been paralyzed and, as a result,
alarm spread through the financial centers
of the whole world.
Grave fears were felt that the resulting
shrinkage in values would prevent many
operators on the London exchange from
meeting their engagements at the current
settlement. The news this morning that
no acute difficulties had developed, that
money conditions We're easy and prices
inclined to advance rather than to de-
cline, brought immense relief, which was
promptly reflected al the opening hour in
an advance all along the line. The only
nota BILE check came with the news of the
failure Of Boston stock exchange house,
but this influence was only temporary
and slight. The conditions in the money
market were notably easy and one of the
largest individual money Tenders in the
street made large loans to carry over
until next Tuesday and at the rate of 6
per cent.
The current rate ruled from to per
cent. The close of the year is universally
expected to terminate the period of Sc
we're strngency. There was some re-
Taxation. owing to disbursements of divi-
dends and interest. which will be on an
discussion of the probable amount of
gold exports on Saturday. These are not
now expected to be large, owing to the
easier conditions in the london money
market The buying to cover short con-
tracts, although it was considerable ell
ement in the advance, was itself induced
by the very substantial character of the
buying for long account and the mani
testify small supply of floating stocks
The trading did not take on any great
animation until near the close, and the
industrial transactions were not on a
large scale. In fact, the number of order
ed lots traded in was a feature of the
day and reflected the investment demand
by buyers who take stocks out of the
market to lock up and keep. Investment
buying was in evidence also in the bond
market wherever the fall in prices had
offered opportunity to secure fair returns
On the money invested The bond mar
ket was active and strong throughout
Total sales, par value, $2,320,000.
U. s. new As declined a per cent. in the
bid price