The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-06-23
SPECIALTIES ARE STRONG.

The experiences of stock market trad
ing have shown that no matter how
strong the support, a dull market is
bound to lead, sooner or later, to lower
prices.
1t is a fact that in the absence of
public interest, with the crop position
underlined and gold exports a real fac
tor, while the best argument advanced
for revival of interest rests in the semi
annual disbursements of July l, the
natural tendency of stocks is to sag.
With no other influences on prices yes
terday the gold exports did duty Of
fectiVely as a bear argument; that is,
traders saw an opportunity to deprHss
the market in the lack of buying poHe
and used it accordingly. Anywhere
from 100000 to $4,000 900 is given as
the estimate of the end of the week
gold outgo and this was all there was
to the days selling of stocks by the
professional room traders. They got
Sugar down ga after early rise Of
] H. and Brooklyn Transit IL after
ga gain at the start. Federal Steel FL
3 and c., B. & @. ga. The industrial
and traction shares bore the Drunt of
the selling; so-called standard stocks
y
Omaha was an exception, advancing
ga, while Northwestern rose II,
the latter's earnings for May showing
quarter million increase in gross, or
some eight per cent.
5 Prices showed an improving tenden-
ey at the opening, partly influenced by
the feeling of relief over the situat on
in France. The specialties also showed
strength. Continental Tobacco rising
. g,v-f1r rastf a
were few and inconspicuous. Free CT
ferings of American Spirits and FEEDER
al Steel forced them down sharply, nut
did not affect the general market,
which improved notably in spots dur
ing the first hour. The Vanderbilt
stocks We're the features, New York
Central rising l 1-2, Northwestern IL
and Omaha points. Lack of demand
caused a gradual easing off in values
towards noon, the losses being quite
pronounced in some of the leading spe-
cialties. Pan Handle was a conspicu-
Gus exception, jumping points, TO
55 IL, thereby recovering more than
Yesterdays loss The bears beca12
very aggressive after noon ana
achieved declines ranging from l to "
points in Federal Steel, Brooklyn Tran-
sit. Metropolitan Street Railway, SUI
gar. Reading first preferred, Tennessee
Coal, Rubber and the grangers. The
weakness was general, but declines
otherwise We're not large. The middle
of the day saw a general unsettling Of
values among the specialties, indus
trials and fractions leading, with the
general market, while heavy ard lie
dictionary in tone still holding up well.
Gains in Vanderbilt and other special
ties nearly offset the sharp losses in
Sugar and other stocks.
Just two stocks provided activity in
Boston-Sugar and Federal Steel. 9th
erwise the market was duller than ever
and price changes We're very few. Par
rot was up 1, to 81 Il, and Bell Tel
ephone hardened 3, to 345, later 3+3,
Mergenthaler holding at 203, with Do
minion Coal off 1, at 81 IL, on sales
Of 175 shares only, while but ten shares
of United States Oil changed hands in
the first half Of the daI- Gas seconds
were lower, at 81. The afternoon bus
mess was so light that the ticker was
silent for long intervals, and the day
as whole was a record day for dLl-
ness thus far in 1893.
The following were closing quotations
on the Boston exchange yesterday, on
stocks held in Worcester and vicinity:
z-r