The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-09-15
TRADING WAS SLOW,
Fluctuations Narrow,
But Prices Were
Steady.
MONEY RULES AT 6 AND I.
Little Feature in Boston
and Business
Dull.
MONEY RULES AT 6 AND I.

Ihere was considerable talk in Wall
street yesterday about another unfa-
vorable bank statement next Satur-
day, but this effort further to depress
the market was unproductive of sub
stantial result.
In the last two hours Wednesday
there was an average rally of IL points
in leading stocks, and this was sus-
tanned well yesterday. the p. m. aver
age being the same as Wednesdays
closing. Money ruled mainly at 6@7
per cent on the Boston exchange. but
was not the important factor that it
has been heretofore this week. After
this week it is believed that the strain
of the fall monetary demand on New
York will be lessened, and that the
banks will begin to build up reserves.
Yesterday the speculation in stocks was
narrow, and there was little of interest
In the dealings, the range of fuctua-
lions being slight in most cases.
Cams were the rule at the opening, re-
strlcted to fractions, except in Ameri-
can Tobacco and Manhattan. Manhat-
tan lost point almost at once, and
Sugar dropped large fraction. The
tendency was downwards after the
opening. The offerings of the leading
railroads and specialties caused a gem
eral setback before the end CT the first
nour with the losses running from l to
l1a in Sugar, Brooklyn Transit, Man
haitian Colorado Fuel Tennessee Coal.
LackaWanna, st. Pa1l 9nd Leather pre-
ferred. The latter had opened a point
higher. In the usually inactive divi-
sion there were some wide changes, In
EternationA Coal preferred, Minneapolis,
st. Paul-& Sault Ste. Marie and Pacific
Coast second preferred rising 21s each,
Pacific common 2, and number of
stocks fiuctuating point or over up or
down. Support was forthcoming be-
fore II o'clock, and prices improved rap
idly. American Tobacco rallied 2
points, Sugar, Colorado Fuel Tennessee
Coal and Brooklyn Transit 1@1h, and
the general list large fraction.
/ The high level proved tempting to the
traders and under short sales and real
izations prices dropped again towards
noon. Brooklyn Transit and some of
the railways touched the lowest. An
active demand for st. Paul in antici-
patton of favorable dividend action lift
ed it IL over yesterdays close and
SIeduleu the market. n feature or the
dealings was the prominence of usually
neglected issues. Pullman sold up 25s
and Twin City Rapid Transit 3%. An
easier tone developed before noon.
Sales to noon, 254,S14 shares. In the af-
ternoon the market steadied, and on re-
duced volume of business maintained
comparative firmness.
Boston really had but one distinctive
feature Centennial advancing 3B, to
37A, with reactie;s to 351a. Scampering
of shorts to cover seems to have start
ed the rise. Other mines were without
much feature, although Washington
was bid up u, to "a, and United States
lost u to 32%. Central Oil receded 15s
to 241s and United States Oil, after
gaining Y, to As, fell back to ATS. Mex
lean Central first incomes continued ac-
tive at 2S%@A; second incomes held at
14h and stock was y lower, at IT'S.
Mergenthaler was easier, at 212; Bell
Telephone was up 8, at $50; Erie up Y,
at 10S.
The following quotations were made
on the Boston exchange yesterday on
stocks held in Worcester and vicinity
BOSTON STOCKS.