The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-08-23
MARKET WAS DOWN,
Sugar Was the Weak
est Of the Stocks
Yesterday,
BEARS SHIFT THE ATTACK.
Realizing Sales Cause a
Weakness IN Boston
Fayorites.
BEARS SHIFT THE ATTACK.

The bear campaign in Wall street
shifted at the opening of the market
yesterday morning from the Flower
specialties into Sugar and Steel &
Wire; the former dropped 21s and the
latter points at the start. The curt
ting Of prices OF refined sugar and the
refusal OF the listing committee of the
stock exchange to list the Steel & Wire
stocks were the motives Of the weak
ness.
Brooklyn Trasit rallied " and Inter
national Paper 1h. Dealings elsewhere
in the list were not as large as recent
" and changes were mixed. Low-priced
railroad shares showed gains. During
the first hour the market underwent
various changes, the most active alter
nately declining and advancing. LiQui-
dation in Sugar and Brooklyn Transit
developed and international Paper and
Union Bag also reacted. A number OF
railways were wen supported, partic-
ularly the loW-grade issues, including
Denver and Rio Grande common, Nor
folk and Western common and the
Reading stocks. Brooklyn Transit rose
above 106 on short covering and Paper
recovered the decline, Steel s. Wire
continued heavy and Consolidated Gas
dropped "a. The buying movement in
the general list soon fell off and the
traders attacked the specialties anew.
Sugar was dropped below 154, and To-
bacco, Brooklyn Transit, Peoples Gas
and Manhattan dropped sharply, the
latter to 1l2h. Metropolitan Street
Railway lost 2 points. international
Paper rose to 3S and then fell off with
the rest of the market. Revived in
terest in the bftuminous coal stocks
carried Wheeling and Lake Erie second
preferred up over points.
The publication Of figures on the
yearly business of Brooklyn Transit
was an assistance in the drive against
that stock, which carried 1t down to
102. Covering by shorts caused a rally
of about point in Brooklyn Transit,
Manhattan and Sugar. Renewed press
ure to sell Brooklyn Transit in the
early afternoon carried the whole mar
ket below the previous low point. A
number Of the prominent railroad
stocks fell a point or over below last
nights level.
Realizing sales caused weakness In
the local speculative fayorites. United
States lost points, to 331a, rallying to
S4A; PARROT lost 1, TO 50, rallying to
5212; United States Oil lost q, to 1914:
Bingham lost /, to II; Osceola. at SO was
off Y; Atlantic was off u, at 271s; Calu-
met sold at $40, Quincy at 100 and 1853
and Franklin at 2oA Arcadian lost /,
to II, and Gold Dredging was off ~,
at "a; Butte sold at rs and Wolverine
at asa; Cochiti was up ", at 1874 but
reacted at l4&; Winona sold at liz
White Knob at loa1 and Victoria at I;
Baltic was steady at 26A. Pioneer at
2A and MERGED at 12ik and H. Among
the railroads FStchbnrg preferred sold
at 11s, Albany at asa. Lowell at 245 and
Elevated at HOY. The only activity
in the Boston market was in Sugar
New York was a steady seller in this
market. which was designated as
Standard Oil selling.
The following quotations were made
on the Boston exchange yesterday or
stocks held in Worcemster and vicl.
nifty: