The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-09-26
A DULL MARKET.
Prices Were a Shade
Lower, But Little
Feature.
ARCADIAN FIGHT STILL ON.
Boston Market to Suspend.
Friday and Sat-
urday.

The day 'ssstock market transactions
were narrow, fluctuations were not
wide, as a rule, and there was little
of importancedn news'or gossip.
Money held at SOS per cent, with
continued talk of possflolesgold imports,
but there seemsSto besnotmore than talk
in the latter connection as yet. If the
gold is needed there is no doubt that
it will besbrought. The question in the
money market now is the sliding over
the quarterly disbursements of Oct. /.
Naturally. funds tend to work close
about this speriod an anticipation Of the
interest and dividend payments. Octo-
Der is q. great period for bond-interest
Disbursements, and the changes of
funds viii be large. How these will
affect the upbOilding of3bank reserves
OF course is problem, but most au-
thorities on the monay market seem to
further excitement in the loan market
Today there was little in fluctuations
of stocks calling for special notice.
Opening prices were heavy, rejecting
Sundays accumulation of selling or
ders, Influenced by Saturdays weak
closing. After this selling, the market
rallied in part and held fairly well dur
ing the remainder OF the day. But
there was little animation and the holi-
day influence begins to make itself felt
over in New York. Pressure against
the prominent specialties was the fea-
ture at the opening. Losses of from
to 21k were shown by Tennessee Coal,
the tobacco stocks, Brooklyn Transit
and Sugar. The majority of railroad
stocks showed fractional losses reach
ing to y in Chicago. Burlington and
Quincy. Wheeling and Lake Erie sec
ond preferred was up a point and
Leather preferred the same, otherwise
gains were insignificant. There was
no great pressure of stock on the mar
ket, still prices fell away for the first
half-hour. Important declines were
made in all of the leading specialties,
Metropolitan Street Railway losing 4
points. Average losses in the other
specialties were between and points
The reactionary movement assumed
good proportions in the granger and
trunk lines Covering in BROOKLYN
Transit rallied it 2 points, to S91z, and
the general market also improved, but
became intensely dull The droopine
tendency developed again before II
o'clock.
Prices did not move far in either d.
rection, the market continuing very
dull to noon. On the rebound scarcely
anything moved over a fraction except
some of the specialties, including
Brooklyn Transit and Tennessee Coal,
There was less doing this morning than
for many weeks, traders being reluct-
ant to operate heavily for either ac-
count, while money continued tight.
This circumstance is the natural deyel-
opment of the passing of an unsettled
period. Brooklyn Transit extended its
rise to 91A in the noon hour, and re-
+. covertes reached a point or over in
Sugar, Leather preferred, Tobacco and
Metropolitan. The general market hard
ened, but continued very sluggish. North
western dropped g. Great Northern
preferred rs and American Car pre-
ferred 3. In the late afternoon prices
showed sagging tendency, and the
general effect of the days trading was
lower range of values on material re-
duction Of interest.
During the London account now clos
ing, some Of the banks exercised con-
derable pressure, with the result that
many brokers are urging operators to
close Their accounts before the carry
over. In view of the condition Of
money and politics, it was deemed adj
visable to strengthen weak spots Wes-
fralians especially were causing con-
Germ, owing to the bear account, which
mad been encouraged. and narrowing
speculation. The rise in the carryover
was regarded pessimistically.
The following quotations were made
on the Boston exchange yesterday, on
stocks held In Worcester and vicinity:
TELEPHONE STOCKS