The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-07-08
MARKET is STRONG,
On Rumor of Wander
bilt-Pennsylvania
Deal.
U. S. OIL WAS A FEATURE.
Lessened Volume of Bos-
ton Dealings
Notes.
U. S. OIL WAS A FEATURE.

There was talk all of yesterday Of an
agreement or understanding between
the Vanderbilt and the Pennsylvania
Railroad interests respecting harmoni-
GUS operation and matters of rates, ETC.,
and this suff1ced to restore strength to
the Wall street market, prices of lead
ing shares gaining fractionally.
At p. m. the u net average decline
of yesterday had been recovered in
leading stocks. Early trading resulted
in fractional losses in most of the
standard shares, c., B. & @. losing u /,
and Rock Island the same, while Sugar
fell rs and Continental Tobacco 1A
Manhattan was a strong feature, rising
3ss, with Pennsylvania and New York
Central up 2 and Ia respectively. An
other sharp rise was made in Tennes-
see Coal & Iron, ~, while Chesapeake
& Ohio was bought and advanced on
dividend talk
til afternoon, with bearish efforts in
some directions offset by special good
news or gossip in others, but in the
later dealings firm appearance was
maintained. Buoyant strength in
Pennsylvania and New York Central
lifted the market at the opening. The
former stock jumped 215 on buying of
$500 shares and the latter IA on 1000
shares due TO the rumored combina-
ton between the two roads. The gem
eral railroad list responded rather
feebly and showed downward tend
ency after the opening, c., B. & Q.
dropping ". Sugar, Manhattan and
some of the industrial specialties ad-
Yanced about point or over
The opening demand for Pennsylva-
mia and New York Central was soon
satisfied and Thursdays realizing was
resumed. The unloading process was
pursued with vigor. But the general
demand being light, values melted
away rapidly as the offering came out.
Sugar, Brooklyn Transit, Metropolitan
Street Railway, Tennessee Coal Man
haitian and the Tobacco stocks de-
clined from l to 215. Among the rail-
ways, Pennsylvania New YORK. Cen
trail and the grangers lost in the neigh
borhocd Of point. Towards one
o'clock prices hardened and there were
some good recoveries. An additional
impulse to covering operations was
given by the strength Of Manhattan.
The advance in the general list, how
ever, was not retained long, realizing
in the standard stocks and liquidation
in Sugar extinguishing most of the re-
coveries. Price changes of bonds were
slightly mixed and the demand was
small After the noon hour the whole
market rallied and became firm, but
Sugar declined from the best How
ever. other stocks were firm and de-
mand was good with the Southwestern
shares prominent.
Boston trading was narrow. 1t was
quite good in volume in Sugar and c..
.. & G., but fell off decidedly in min
ing stocks and in other distinctively
home specialties. Barring United
States oil there was little feature. An
advance of two cents in crude oil
started good buying Of the stock, and
it advanced from AN to 49, American
ZINC was firm, selling at 48k04S, ex
dividend; other mining stocks were
heavy. Baltic was off y at "a; Area
dian at 81; Arnold " at 14H; Centen-
NAL " at 36; Mass " at 10; and Utah
q at A.
The following were quotations on the
Boston exchange yesterday, on stocks
held in Worcester and vicinity:
Courtesy OF Kinnicutt & Dewitt
Bankers