The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-12-29
A RISING MARKET
Bulls Set Up a Lively Pace in
Stocks-a Good Climb in
SpeCiaIties
GOLD SHIPMENTS
FOR SATURDAY
But Little Feature in the Boston
Trading-The Mining Situa.
tion-NeWS and Notes

1t was a market of specialties in the
main yesterday. While the strength
heretofore shown in Wall street this
week was sustained we'll in the general
list, the principal interest centered in
few industrial and New York special
features. Brooklyn Transit, Manhattan
and Metropolitan being leaders.
Sugar and Tobacco also We're prom
inent. Metropolitan rose 9, Brooklyn
Transit 6A, Manhattan 81, Sugar 81,
while the railroad shares generally
held steady with few important
changes.
London reported fears of failures,
but prices over there improved some
what and money was little easier. At
first London bought stocks in New
York yesterday, but turned a seller
later Arrangements have been made
to export $1,250,000 more gold to Lon
don Saturday $500 900 by Muller, Schall
d Co. and 100000 by August Belmont
q Co New York has gained quite
heavily on the currency movement
from the interior thus far this week,
and a favorable bank statement is in
dicated for Saturday.
There was good support to the
market yesterday morning, especially
in certain specialties and there was
enough commission house buying to
rally prices after early signs of heav-
ness. In the first hour over 200 900
shares changed bands, but after that
the market ruled comparatively dull,
save for occasional spurts in the spe-
cialties alluded to above.
Boston had fair volume of business
in a few stocks. c., B. & O., Sugar
and Federal Steel We're prominent and
all were strong. In home specialties
there was considerable trading in Am
erican Zinc, which lost liz, to IA, but
rallied to Is. Utah rose 21a, to 291k,
and held the gain. Parrot lost 1, to
&c. later moving up to 3S. Montana held
at 260 or purchases of numerous small
odd lots. United States Oil gained u,
to 231a, later selling at %; Mohawk was
l lower, at Il, but recovered the loss.
Dominion Coal eased u, to 43, and
Butte was 1 better, at 43, Santa Ysabel
improving ", to ~, and Wolverine u,
to 80. New Haven and Hartford was
up 2, at 211, Old Colony improving ~,
to 2031z.
THE NEW YORK MARKET.
The New York stock market opened
irregular. American Steel & Wire ASH,
AlcnisOH preferred 599s, Burlington
121A, Continental Tobacco BIZ, Federal
Steel 50A, Leather 14B Leather pre-
ferred 70, Louisville & Nashville 77A.
Manhattan 95, Missouri Pacific 391S,
Brooklyn Transit 6S1z, Northern Pacific
52%, Peoples Gas 102, Rock Island
1861, Sugar 100, st. Paul 118A, South
ern preferred 595s, Tennessee Coal &
Iron S219. Tobacco 81, Union Pacific At,
Union Pacific preferred 73A. American
stocks in London did not respond com
pletely to yesterdays late strength in
New York, and this served to hold back
the international stocks at the opening.
Declines were not fully down to the
London parity. A number of the spe-
cialties also showed fractional declines.
Others showed sharp advances, which
reached point or upwards in Tobac-
CO, Metropolitan and New York Air
Brake. Sentiment was unsettled and
leading stocks were cratic in their
movements. Weakness in Sugar and
Peoples Gas attracted a moderate fol-
lowing, while Improvements in the To-
cal stocks benefited other issues. Sugar
and Peoples Gas dropped points, but
the fractions gained between l and 6
points. New York Air Brake fell back
6h, and Pittsburg c. c. & St Louis
advanced 3A. There was more gen.
eral participation in the selling move
menf later. Before eleven O'Clock an
animated buying movement developed