The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-01-19
WORLD OF TRADE.
and Minor Specialties
Make Substantial Advances.
The General Market Showed Decided
Strength All Around.

New York. Jan 1S.-The stock mar
kets except for an initial heaviness in
Sympathy with London, which in turn
reHeete the Weakness of the New York
CLOSING Yesterday, made. practically an
uninterrupted course upward. The
gains were. fractional in the general
naalkeA while the. grangers and minor
specfalties made substantial advances.
JnYestment purchases were heavy
and largely concentrated in the gran
gets. Early efforts to cause a con-
tinuance of yesterdays reaction lasted
but a, short time, as there was no evil
dence of important liquidation and
London sales of some $4,000 shares We're
we'll absorbed. Commission house buy
Ning was renewed and the shorts were
forced to cover in a number of stocks
The market was comparatively dull in
the forenoon and then gradually in
Creased in activity and strength up to
the close.
The feeling in London improved and
there. was some repurchases of stock
fer hat quarter. st. PauIs increase of
$144000 gross for the second week in
January inspired more confidence in
that group of stocks and there was an
increase of western orders to buy, COM
pared With those of the last day or two
which had diminished. The possibility
that Burlington might presently re-
fund some of its bonds on a lower
basis, thus henefiting the stock, was
Wueh j. discussed, and Burlington rose
oyer 5 points. 1t was learned that no
action was taken by the Burlington di
rectors in Boston today.
tlmaha rose in expectation of the de-
elaration of an extra dividend at to-
mpfrow's meeting of. the directors, and
Npfthwestern. because Of the benefit
which such action would accrue to it,
ADVANCED 312 points. There were vari-
ous< rumors as to what the dividend
inEOmaha would be, some had it the
regularS dividend of 2 per. cent and an
extra dividend of IL per cent. Lead
eTs in the9group bid up prices when
ever opportunity offered. Sometimes it
was Federal Steel, other times Sugar
or Manhattan.
In Sugar the gossip was that an
agreement had been reached between
the American Sugar Refining Company
and one of its largest rivals to charge
the SAINT. pfiqes on all sugars at all
points, and then it was pointed out as
Being apparently insignificant that
some of the people interested in United
Mates Glucose We're identical with
parties identified with Sugar.
81 Where We're purchases of a number of
low priced stocks, including Wabash
preferred, st. Louis, Southwestern
preferred and Minneapolis and St.
Louis. Among the inactive stocks which
Showed substantial Improvements were.
Chicago Great Western first preferred,
Atchison and Norfolk and Western
preferred. ss
81 Current rumor that the Tennessee
Goal and Iron Company was negotiat-
Is IN p hn 10 Of Of it-T
presumably some of its railroad hold.
sings, was accompanied by marked
Strength in that stock. Manhattan
opened off but rallied about a point
kover last night In respect 70 the ru-
8mors that the Vanderbilts or Metrop-
&oitan interests had secured control of
The company, a large holder OF the Sc
ment had net reduced their holdings
& and that the control was still in their
hands. LAG Central Pacific developed
stii9l s{t1hf1SD Reports that the reorganiz-
alton plan was practically completed.
Missouri, Kansas and Texas, which
showed a decrease in gross earnings for
the, second week in January OF over
$4,000, failed to sympathize in the
strength displayed elsewhere.
Some strong features were Lake
Il Erie and, Western preferred, Readings
and New York Air Brake. The volume
of business, while greater than yester-
day. lacked over 10000 of reaching the
s million share mark. There We're a num-
Der of important movements in the
bond trading today, conspicuous among
which was a rise of S1s in Fulton Ele-
waited ffves and 4 points in Burlington
conVertibles.
The general market showed decided
strength all around. Total sales,
S., los Geo
Government bonds closed unchanged
for all issues.