The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-12-21
Better Figures in the Stock Mar
ket-Broker Keene Has Got
Enough to Quit
AN INCREASED
N. Y. C. DIVIDEND
More Gold Exports Money Com
paratively EaSy-LittIe Fea-
ture in Boston Trading

The stock market was irregular yes
terday, which is not strange after the
violent movements heretofore this
week.
A sharp break in stocks of course
presupposes a rally, and as a rule the
latter is followed by another setback.
The market fluetuates upwards and
downwards within a wide range after
such an experience as that of Monday
and it takes time 4.r it to become APP
proXimately normal in its movements.
Today there was brisk selling of sugar
and some other industrials, also of the
metal shares, and declines in these
We're pronounced, unsettling the rail-
road list to some extent. These d.
clines We're more the result of bear
raiding than from any new phases of
the general situation. The latter con-
tinues reassuring. Monetary relief has
been effective and no more sensation
ally high rates are quoted. From re-
ally high rates are quoted. From 5 up
to per cent. was the range in New
York yesterday while the Boston mon
ey market is in comfortable shape. An
other $500, 900 in gold started for London
and it looks as if there would be further
probable that the Bank of England
rate of discount will be advanced fur
Their today; the open market rate was
up to 6% per cent. yesterday
- "A decidedly sharp fall in London
prices of copper was a feature yester-
day General markets there were not
specially active and the situation there
centres on the probability of an issue
of consols with presumable price of
II ffeRa Of laO
New York Central Railroad Company
has increased its quarterly dividend
rate from one per cent to IA per cent,
or from four to a five per cent per
annum basis. The stock rose A. but
lost part of the gain later. Other divi-
dends declared yesterday included IL
per cent. quarterly on General Electric
common, Ia per cent. quarterly on
Westinghouse preferred, 3h per cent
semi-annual on Lake Shore and three
per cent regular and IL per cent. ex-
ira on Bell Telephone.
BOSTON TRADING.
Volume of Boston trading was large
and prices held well as a rule There
was some liquidation among the mining
stocks and c., B. & Q. was active, with
3 the usual good interest in Sugar Union
Pacific and Federal steel. United States
III lOSC " GiT2s lGdblillB " G014,
Montana was up 8, at 275, later 270;
Butte touched 441s, a gain of 21a later
selling at 43; Osceola rose 3, to 70,
later 681z; Utah gained H. to %; Tam
arack 5, to $50; Parrot fell IL to 3515;
Gold Dredging 2, to 2, later 21a; Mo-
hawk gained l, to 16; Franklin 1, to IA;
Dominion Coal lost 2. to 421a; Boston
Elevated hardened III, to 981a; New
Haven & Hartford gained l, to 20912.
The New York stock market opened
irregular. American Steel & Wire 3S14
Atchison preferred 5S1a, Burlington
119, Continental Tobacco 2SA, Federal
= Steel 49, Leather 1919, Leather preferred
6919, Louisville & Nashville 1874 Man
haitian 9312, Missouri Pacific 391s, New
York Central 1875, Brooklyn Transit
f4as, Northern Pacific 51&, Peoples Gas
596h, Rock Island 1854 Sugar 1928, St.
Paul HIS Southern preferred 52A
Tennessee Coal & Iron so, Tobacco
S8%, Union Pacific 437s, Union Pacific
preferred II. London quotations for
American shares did not respond fully
to the late buoyancy Tuesday, and the
international stocks We're dragged back
in consequence The opening declines
here, however, We're not down to the
y London parity. Other stocks showed
notable advances, a number Of promi-
nent railroads and specialties rising a
point or over. American Tobacco ad-
Nanced g.
Stocks which showed good gains at
the outset We're forced down imme-
diately, some of the specialties drop-
ping to 2 points, London offerings of
the international shares and an en-