The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-12-27
GOOD STRENGTH
1t Was Shown in Yesterdays
Stock Market-ExceIIent
Gains in Wall Street
GENERAL MARKET
WAS VERY STEADY
Drop in United States Oil, But it
Rallies in FuII-London Sit
uation-NeWS and Notes

There was no London market yester-
day to influence Wall street dealings,
and prices continued the recovery of
Saturdays closing quotations. the gains
ranging from II to III in leading stocks
The market was somewhat irregular,
with an early reaction from the high
opening, but rallies came easily and as
a whole it was a strong, though com
paratively quiet market. Sugar ran up
4. to 1241z, and Tobacco 8, to 81. After
losing liz. Brooklyn Transit advanced
4 and Leather 3 while similar gains
were not uncommon in the specialties
generally. Atehison preferred moved up
"A, Chicago, Burlington & Quincy fell r.
but rose IL later and Louisville &
Nashville gained 9
United States Oil led in Boston inter-
est in the early trading, price falling 2s4
to 2OA, on rumor of possible attempt to
enjoin payment of the dividend recent
~ declared. The company made an Off
cial statement showing good financial
condition with money in bank to pay
the dividend and general finances
sound, the stock rallying to 2215. Do
minion Coal strengthened "a, to "A and
Parrot was up %, at 80, later selling at
671s; Cochita II, to IL; Montana was I'M
changed, at 25S; Arcadian rose ~, to
2315, later 221s. Shoe Machinery was y
better, at 80 and the preferred also
gained ", to "a. Erie Telephone was "
better, at 1919 and Bell advanced 6, to
BAT. Chicago & West Michigan IS recov-
cred 1, to SO. The general market was
not very active, but it had a firm un-
dertone and good buying of odd lots by
Investors n
ture.
THE NEW YORK MARKET.
The New York stock market opened
strong. American Steel & Wire 49,
Atehison preferred STU, Burlington
11S&. Federal Steel 451zl Leather 12%,
Manhattan 80, Missouri Pacific 3S, New
York Central 1864, Brooklyn Transit
6%, Northern Pacific 81. Peoples Gas
9ea4, Rock Island 104, Sugar 121h, st
Paul 116A, Southern preferred sly,
Tennessee Coal & Iron 7S1a, Tobacco
8SA, Union Pacific 43K Union Pacific
preferred 717s With no London quota
tions to serve as an index, the upward
movement of prices in New York was
continued from Saturday under further
demand from shorts to cover. The spe-
cialties were most conspicuous, Sugar,
Peoples Gas. Tennessee Coal and Met
ropolitan rising from / to 3 points A
number of the international railroad
stocks rose over a point. Burlington
was an exception to the list with a frac-
tional decline. The purchasing move
ment fell off, and business becoming
dull the traders offered the list down
Third Avenue, which opened up 3
points reacted 6. and Metropolitan
Brooklyn Transit, Sugar and Tennessee
Coal 1@1A. Aggressive buying of the
Leather stocks advanced them notably
and stimulated a demand for other spe-
cialties. The market took on animation
and rose above the opening level. The
specialties continued to be the leaders
Net gains there were extending in some
cases over points, the iron and steel
stocks becoming prominent A number
Of railroads rose from to points over
Saturday
The traders took profits at the high
point and caused a setback of over a
point in some industrials in the second
hour. The railways held sturdily, only
few issues yielding to any extent. The
market became quite dull while the sell
ing was in progress. Towards midday
prices hardened again, some specialties
exceeding the previous prices. Railroad
bonds were moderately active and ir-
regular, but the undertone was good
The bidding up of prices brought out
no large offerings. With the pause in