Worcester morning daily spy., 1898-01-18
SLIGHT ADVANCES.
Mondays Market Showed a Fair
Business Activity.
Stocks Sold on Strength Of War Scare
Repurchased-Ne York and Chleago
Making Loans Abroad.

New York, Jan. 17.-Standard shares
show a fractional Improvement on the
day. except in the case of some shares
in which special influences were operat-
ing in their favor, and there the i'm
provement was more marked the
dealings were widely distributed and
had a generally strong tone.
Stocks sold Friday and Saturday on
the ground OF possible foreign comph-
cations. were repurchased today. the to-
tai dealings amounting to nearly nan
million shares. London and the con-
tinental bourses were sustaining fac
tors. although the purchases for foreign
account were meagre, as the Local mar
ket early outstripped the foreign mi
tiative toward a higher level
Pronounced activity and strength were
displayed in the local transportation
shares. Metropolitan Traction making
net gain of 619. a.
That security was marked up by It's
friends on rl1nors of closer relations TO
Manhattan elevated, it being reported
that with the installation of an eleetrl-
cal equipment for the Manhattan kFs-
waited. the Metropolitan property coL 10
effect a saving by utilizing the cleo
trical power This rumor, however, re-
ceiyed no published verification. sugar,
on enormous transactions, made a net
gain of q, although in the earlier tran
sactions there was considerable weak
ness noted in that security The OLD
subject was brought UP as to the result
of Hawaiian annexation with free I'M
portation of Hawaiian sugar. stocks
of properties located in the Pacific NORTH
west were generally benefited by the De
lief that they would secure much trafnc
owing to the Klondike boom. oregon
Railway and Navigation Company had
earnings from July l to Nov. ~ sald
to be very large. Burlington, 81. Paul'
Northwestern Pacific and Union Pacific
were strong. The non-appearance OF
the Nebraska maximum freight decl-
sion was a sustaining factor In the
DAVIS news Brokers seemed TO give
some credit to the reports of closer re-
lation in the management of all Wander
bilt railways Lake Shore and New
York Central were particularly strong
showing approximate gains Of per cent.
National lead, on very small transac-
lions, was fractionally higher.
The fact that New York and Chcago
are lending money on the London ana
the continental markets continues TO be
a favorable factor The foreigners SO
far have liquidated their debt for Amer
lean unparalleled exports, only to the
extent Of returning some American Sc
curities.
In today's market the gains of i'm
portance were: Consolidated gas, z
Wells Fargo, 4; Manhattan, rs; Metro
politan Traction, 61a; Northern Pacific
1M; Oregon Railway and Navigation
AZ; preferred ia !; Pittsburg, Cincinnati
Chicago and St. Louis, IL; Western
Gas Company, 2; Wisconsin Central, 2
The stocks closed strong. The bond
market showed falling off in transac'
tions. but a considerable undertone Of
strength was evident which was reflect
ed in substantial appropriations in many
of the usually dominant issues. Seat
tie, Lake Shore and Eastern frsts trusi
receipts jumped points to Y on report
ed competition for control of the road
but subsequently, lost one-half of the
rise Wisconsin Central firsts, trusf
receipts, were also in urgent demand
and gained 81 per cent. The aggre
gate sales were $S,525 600.
Government bonds showed heaviness
the IS and new As losing slightly.
NEW YORK CLOSING QUOTATIONS