The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-11-25
Prices Hold Steady
and Specialties
Gain.
MONEY IS EASIER.
Arcadian Raided in Bos-
TONI. S. Oil
Rallies.

Money has become comparatively
easy, and the general expectation is
that today's statement of New York
bank averages will be highly favor
able
The banks are known to have gained
heavily from the sub treasury. In Bos-
ton the rate for New York exchange
advanced to a premium this morning
Call loans are made under 6 per cent in
New York, and the general idea is that
there will be no farther trouble from
monetary stringency. OF course a
week later the December interest and
dividend disbursements will have to be
provided for, but the payments of the
last month of the year are not specially
large and another week of upbuilding
OF reserves ought to place the banks in
comfortable position. The stock mar
ket was quiet yesterday but was not
lacking in feature. An early tendency
TO take profits caused some slight
yielding in prices, but this was offset
by good gains in some of the special
ties and in the afternoon the whole
market resumed firmness. As usual
the railroad and other standard stocks
furnished little animation, but a rise
of point in Union Pacific should be
noted, both common and preferred
gaining to this extent while Federal
Steel advanced 112. Leather rose "a
ana lost 1t, and Consolidated Gas, af-
ter running up IA, fell back 51s.
Two raids started with the opening
of business in Boston, against United
States Oil and Arcadian mining. The
first was not great success, for while
the price was opened off ~ at Az the
next sale was q higher and the rally
kept on to 44A, or net advance of
over Thursday, price holding firm at
the gain during the afternoon Ar
cadian was another proposition, falling
to 29, with rally of but l. Apart from
a q decline in Wolverine to Al, there
We're no other features in the mining
shares, but Copper Range which sold
at fl Wednesday, fell to 81 rallying l.
Westinghouse was up l at 4515 and
Mergenthaler l at 211. A good volume
of business was done in the Union Pa
ciflc stocks and in Federal Steel all
being bought freely. Boston Elevated
was II better at 105 and Boston & AL,
bany II up at 252 Dominion Coal was
IL lower at 5012.
The New York stock market opened
irregular American Steel & Wire
481a, 1Atchison preferred 661k, c. B. &
Q. 13S Federal Steel 5g1s, Leather 26A
A@SUNA~CA PAOANAiCN cOs NldHIldLldU 1U4 p,
Missouri Pacific 4S5a Brooklyn Transit
8S&, Northern Pacific 555s, Rock Island
1874, Sugar 1891, st. Paul 1851, South
ern preferred 5S14, Tennessee Coal &
Iron lis, Tobacco 118sl Union Pacific
499s, Union Pacific preferred 77A
Gains predominated at the opening. a
number Of the Industrial specialties
leading. Consolidated Gas was fever
fish, rising IL, and reacting a point.
Sugar, Leather and General Electric
were up about point A few Of the
prominent stocks showed slight losses.
Strength developed in some of the
recent favorites. Colorado Midland
preferred, Southern Pacific, Union Pa
cifc and Baltimore & Ohio tissues were
absorbed to large extent at improved
prices. Leather, Third Avenue and
Pressed Steel Car advanced 2 points.
and Laclede Gas 3. Western railroad
stocks were generally frmer, but there
was no conspicuous demand Consol-
idated Gas fiuctuated nervously over a
range of point at a time.
The following quotations were made
on the Boston exchange yesterday on
stocks held in Worcester and vicinity:
30 TON oCKs
(Reported by Kinnicutt & De Witt
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