The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-08-18
Boston Specialties
Quiet With a Low.
er Tendency,
ST. PAUL LEADS R. R. STOCKS.
Atchison Preferred Has
Crossed Gen
eral Notes.

Trading in the Wall street stock mar
ket was fairly active during the morn
ing yesterday, but fell off after the
noon hour.
Prices were irregular for the most
part. Those specialties which have adj
vanced recently were lower on realiz-
ing sales, while number of the stand
ard railroad shares, which have been
neglected of late, were in demand and
higher Tennessee Coal & Iron was
firm and two points higher at 81 IA,
while the international shares were up
on the improved feeling in London.
Louisville & Nashville gained 1 IL.
The granger shares were firm on the
excellent traffic returns which were re-
ceived. Sugar, after the opening, lost
1-2, and the Tobacco stocks We're IN
settled There were indications of IN
side support in some shares, and the
room traders took to the long side,
throughout the list, for a turn. The
short interest, which has grown to
some proportions recently, was made
uneasy and covering of contracts for
the decline resulted in numerous gains
The break in Sugar at the opening was
thought to be for the purpose of as
sisting the shorts to cover, and rumors
were current that various pools were
arranging to bid up their specialties
As the Bank of England did not adj
vance its discount rate, there was a
better feeling in regard to the future
of the money market.
Bear pressure against Sugar, Ameri-
can Tobacco, Colorado Fuel and Tin
Plate did not interfere with a buoyant
rise in some of the railroads; Central
and Southern Pacific and Baltimore q
Ohio issues bounded up 1 Ia to points
on what looked like pool buying. The
grangers and Southwesterns were ne
elected, but the Southern group con-
tinued to move upwards. Short cover
ing in Sugar subsequently lifted it two
points from the lowest but the other
weak shares did not sympathize
Louisville continued it's leadership,
touching so is, against II Ia yester-
days close. Norfolk & Western and
Southern preferred also We're taken in
hand and carried upwards. The I'M
proved tone spread to Atchinson pre-
ferred, the grangers and trunk lines,
and buying by London added to the
strength. The bears continued to
struggle against the leading industrials.
American Tobacco was off 4 points
from the best, and Continental com
mon and preferred half as much SUI
gar was inclined to go lower, with &C.
casional rallies, and Chicago Great
Western debentures yielded 8 points.
Consolidated Gas, on the other hand,
rose points. The strength of railroad
stocks in the early afternoon induced
a lively covering movement in the spe-
cialties. Brooklyn Transit rose to
112 Is. Sugar touched 1853 rs and
American Tobacco moved up 2 IA
from the lowest. Panhandle advanced
5 5-S, and Union Pacific Pacific Coast
and Hooking Coal about point each.
Delaware & Hudson and International
Paper reacted as much. Dulness and a
yielding tendency became general III
the late dealings.
Sugar was the distinctive feature Of
the local market over 5000 shares
changing hands before eleven O'clock
New York sold Sugar in Boston. Ros-
ton has been acquiring Sugar stock for
the past week. Utah mining stocks
were active, Bingham selling up /, to
II, and United States Mining up ~, to
33% There are rumors of Standard
Oil buying of these two stocks and
Boston Consolidated for the purpose Of
combining the three properties with
the Utah Consolidated There are
many WHO DeH6Re InaDL the bingham
district in Utah will prove to be richer
than the Butte camp, if not the richest
mining district in the country. Bing-
ham, which was brought out at SIS per
share. Is within a fraction of the high
est point since touched. Dominion
Coal sold at 5315 against 54 Wednesday.
There is said to be considerable short
interest In Dominion Coal for New
York account, which can be traced
back TO Boston. The street will have
1t that Lawson people are still short of
Dominion Coal The dunness in coke
and coal securities is attributed to the
absence from the city Of President
Whitney and brokers generally active
In these stocks. British Columbia was
bought by the some crowd. which has
been active in it recently, and ii sold al
1875 and 1917. Utah sold at 44b Parrott
at 62ss, Copper Range at 4s, Isle Royale
at 81, Centennial at S5h, Butte at n
and Arcadian at 74A and a. Arnold
held firmly at 1875, Adventure at 3. Al
lantic at rs, Baltic at 26M, White Knob
at S1a, and MERGED at 11%, while MO-
hawk was heavy at "a Osceola at 90
and Rhode Island at ~ Quincy was
up 2, at 160, Tamarack steady AT or
Montana at 1855 and Franklin AT ri
Boston and Albany was off /, at 254 AZ
was Boston and Maine at 1874 Elevated
was unchanged at 10S, and West End
preferred at 113k. Bell Telephone was
up 2, TO 245, and New England Tele-
phone was UP /, at 141.
The following quotations were AMI ha