The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-05-27
HOLIDAY DULNESS.
1t Prevails Through
out the Entire Stock
Market.
COPPERS WERE HEAVY IN BOSTON
Firm Opening and Late Re-
cessions in Wall
Street.
COPPERS WERE HEAVY IN BOSTON

An atmosphere Of holiday dulness
pervades stock market circles. In view
OF the long cessation from business.
from IL m. Saturday to 10 a. m. Wed
nesday, many brokers and customers
are arranging pleasure trips, and there
Is a scarcity of commission orders.
Room traders have the Wall street
market pretty much to themselves and
the trading naturally is Irregular, mar
row and dull.
Wall street had fairly good OPEN
ing yesterday with fractional gains in
the leading specialties, but these were
lost early and the market soon re-
1apsed into a narrow rut with little
feature and almost no interest in the
dealings. In Boston there was vigorous
liquidation in mining shares from the
start, and prices were marked down
briskly in several directions, while ali
OF the coppers We're distinctly heavy.
Butte led with a drop of S1a, to 80
while Arcadian fell 2, to 531S; Old Do
minion 2, to 40; Montana S1s. to 9521l:
Quincy AZ, to 100; Osceola .2H. to S3iI
Santa Fe ss, to 1878; MohawI q. to 29
and United States a. to 231I. After the
noon hour the pressure ceased ard
prices easily responded to buying in
duced by the decline. Butte rallied 4
Centennial fully recovered its III loss,
Parrot rallied 15k and Arcadian hard
ened Y. Tamarack was off 4. There
was little animation on the recovery,
indeed the market suffered almost ne
much from neglect as from positive
selling down of prices. Apart from the
INT CHI II
for notice. The market dropped and
had distinctly holiday appearance
with softer tone. AS for New York
the market increased in heaviness as
the day wore on, a ten points drop in
Consolidated Gas on reduction Of the
dividend from eight to a six-point basis
being the feature, while Sugar fell IL
from Thursdays closing.
The advance Thursday and the
strength of American shares in Lon
don yesterday morning brought buyers
to the market. and prices generally ed
vanced a sharp fraction at opening. All
of the international railroad stocks
were conspicuous, and Metropolitan
Street Railway and Brooklyn Transit
extended their gains to a point Sugar
rallied strongly after a fractional de-
cline. A few Of the specialties opened
at slight declines, Federal Steel and
Tobacco being the conspicuous. Consol-
1dated Gas was selected as a vulnera-
BILE point by the bear faction and the
price was pressed down 6 points in the
first hour. Other leading specialties
Eagged IN sympathy, Continental To-
baoco, American Tobacco, Brooklyn
Transit, Sugar and Manhattan losing
] to points. The railway list yielded
but fractionally. The Coney Island fire
was awaited of to hammer Brooklyn
Transit. as 1t was inferred that the
same would reduce the passenger traf-
10 during the coming holidays. Add
fional declines were made in some
stocks toward noon. particularly by
consolidated Gas, which touched
ia IL. Metropolitan Street Railway
also fell away points. The market
generally steadied and became dull al
Teon, up to which time sales Of stocks
were 1f3, 500 shares and s20S4.00O. A
good demand prevailed for railway
mortgage bonds with the issue selling
1ust above par in favor. After noon
Sha reduction Of the Consolidated Gas
dividend caused renewed bear opera
Hons against the general list and some
further sharp recessions were noted
the market weakening as the day adj
Tanced
The following quotations were made on
4he Boston exchange yesterday on STOCKS
held in Worcester and vicinity:
RAILROAD COMPANIES.