The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-09-13
cHoward, Crosby & Co.'S Boston Letter.

CHoward, Crosby G. Co.'S Boston Letter.
Boston, Sept. 12.-Liverpool opened I'M
changed to I'd. higher. The government
ngures had practically no effect in the
! Chicago market. because of the hint that
the area is to be revised in the northwest
and wheat started where il left off last
night Northwest receipts of 1862 cars
| against lt4o last year and reported rains
| in India contributed to help the early
| weakness. st. Louis took about 500 600
| bushels of wheat early, presumably COW
| efing shorts, and for an hour or so there
was more trading, with some outside buy
| ing and local professional covering, and
the market soon got to call price, with
trade small but eXcitable, St. Louis lead
ing the advance. The market was dull at
the advance, awaiting Bradstreets week
| ~ statement of the worlds supplies it
! showed the worlds stocks of wheat in
creased 4,935, 600 bushels. A private cable
| from Liverpool says THE weather IN
| Great Britain Is very favorable for au-
tumn blowing. Liverpools close was
ed. higher. Prime says: "The whole
winter wheat bert is now waiting anx-
louslY for rain so that blowing can be re-
sumed and winter wheat seeding com
menced. The government report on the
condition of winter and spring wheat con-
sondated is 709, which would mean in the
nelghbornood of a 5000 600 0O0 bushel crop
The stock market opened with the
shock of Cornelius Vanderbilt's death
the uppermost topic, but knowledge that
IS lldu IellFeu from active business tend
! eu 10 prevent any manifestation of panic
| The losses in the general railway list
We're only fractional, as rule, but there
was considerable liquidation in the mar
ket which came from all sources; sup
portign orders were given in various
| STOCKS, but the amounts were small and
! eNldently only intended as a steadying
/ force. Traders tried several times TO sup
port rallies, but there was too much stock
oHered. Mr.. Keene is credited with help
ing the decline somewhat, but his bro
Kers were not especially prominent.
The sensation at the opening was the
break in Tennessee Coal & Iron with
traders selling; the drop was accompa-
| hled by talk of private settlement of
snorts yesterday afternoon. There was n
pressure TO sell Brooklyn Rapid Transit
ana commission houses were sellers as a
rule, but support seemed to be given be-
low par
The buying looked like traders cover
ing through supporting orders were evil
uent IN New York Central. There was
practically no buying orders for stocks
at the. opening; later there was some buy
ing of st. Paul on the decline on talk
OF extra dividends. In London the gem
eral market was not particularly affected
and closed steady, but Americans closed
weak in sympathy with New York In
arranging their loans brokers found early
rates ranging from Z to y per cent and
the appearance of the representatives AZ
a big bull house, as loaners of funds al
per cent, caused only a fractional raj
ly, as traders jumped to the conclusion
that the firm in question must have been
a heavy seller of stocks The SELLING
movement gained Roadway on furthsT
liquidation and the bear position is for
tined with high money! rate and high
level Of prices. There has been a 40 daXsi
swing on the bull side and IT would he
only natural I OeXpect the selling nree-
sure TO continue for the rest of the week