The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-02-25
THE MARKET ELSEWHERE.

New York, Feb. 24-Stock quotations
today were decidedly irregular, and
the movement was in some respects a
counterpart of yesterday, Prices OPP
ened favorably for the bulls in a num-
Der OF stocks, the industrials and
the specialties being prominent.
Subsequently values moved alter
nately down and up, leaving net
changes mixed with losses averaging a
point in prominent railways, accompa-
MED by some sensational advances
among the specislties The dispatches
from the American naval commander
IN the far east, requesting the presence
OF a battleship for political reasons,
was considered possible of an unfavora-
Die Interpretation, but the rout of a
body of the Philippine insurgents by
the American army in a measure off
set the other advices.
London, after some firmness, was
seller on balance. The international
shares were generally fractionally
higher in the early dealings, while the
advance in Burlington, Tobacco and the
steel stocks gave an early appearance
OF strength. The smart recoveries from
yesterdays close failed to hold in the
case of the railways. Realizing in
st. Paul on its favorable showing for
the third week in February, left it be-
low yesterday, and Burlington lost its
early advance and declined further,
ending with a loss of Il on the report
ed abandonment of a general refunding
plan.
There was considerable professional
selling as well as some pronounced real
izing. and stop loss orders were
reached
Traders induced to sell on the idea
that there would be another substan-
tial decrease in the bank reserves to-
morrow. The market displayed fever
ishness as the contending interests sue
ceeded in either lifting or depressing
prices, and then dealings contracted
with a somewhat professional appear
ance to the afternoons trading.
Tobacco made a maximum rise of six
points on the rumor that large oper-
ator was still short and refused to
cover, and the circulation of stories as
to the company's earning power.
Subsequently the price ran off and
closed at net gain Of III. There were
some violent advances among the local
specialties, the extreme rise in the case
Of Third Avenue being IA, Consolidated
Gas 121a, Brooklyn Union Gas S1z, and
. points in Metropolitan
The advance in the gas stocks was
In expectation of securing the passage
of the law allowing the convenient
manufacture of gas in contiguous ter
ritory, which would permit the disposal
of valuable New York real estate The
rise in Third Avenue was said to be
on the discovery of an unexpected short
interest existing. The highly favorable
condition report in the iron and steel
industries and intimations that the re-
lations of the leading interests would
be closer, led to an extreme advance of
ia in American Steel. with which Fed
eral Steel sympathized to the extent of
ga, it's extreme rise. American Tin and
New York Air Brake rose at one time
3 points Sugar was somewhat weak
on the continuance of dividend rumors,
and International paper shares re-
coded on realizing, following the decla-
ration of dividends of Il ON the pre-
ferred and / on the common. The SELL
ing of the active list began with heavy
realizing in Burlington and Sugar
The feature of today's bond trading
was the active inquiry for San Antonio
and Arkansas Pass As, which improved
4 points The general market was
very irregular. weakness and strength
developing in many issues.
Total sales, $4,000, 000
Government bonds We're unchanged
in bid prices