The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-09-27
It Was Heavy and
Narrow in the Early
Dealings.
MONEY UP TO 10 Per CENT.
Statement of Gold Imports
Stimulates a
Rally.

The markets in London were decided
ly heavy yesterday and. with,the Trans
wall crisis, aided materially in inspir-
ing continued bearishness in Wall
street, to which renewed firmness of
money and the holiday dullness con-
tributed substantially.
Opening prices were under Monday
closing quotations, and while in the
standard stocks declines did not go be-
yond fractions. some of the specialties
fell sharply. Sugar losing ~ and Ten
nessee Coal "a. Money ruled at 1910 per
cent, mostly at sos and the renewed
firmness, albeit caused presumably by
the preparations for October disburse-
ments, and hardly representing any
change in the actual supply for loaning
certainly not in the upbuilding of
bank reserves-yet inspired continued
selling of stocks by room traders The
heaviness in London was accompanied
by limitations of an advance in the
Bank of England rate of discount
Thursday, and the bank lost 920O 900
gold yesterday.
This gold presumably is coming to the
United States, as it was announced at
p. m. that Lazard FrereS had engaged
from
Europe. At the same time the Atchison's
figures Of August earnings were made
public, showing over $700, 900 increase in
net, applicable to interest, in compare
son with the same month last year. The
stock market rallied well. The average
decline by the middle of the noon hour
was some z@& in leading stocks, COM
pairing prices at that time with the
closing sales yesterday.
Nc T1aIxa rar1ynaf e51,iO rr.6 ct
the opening, which were greatest in the
case of the industrials. The declines in
the railroads did not exceed Y, but ex-
tended. from a point to over two points
in Manhattan, Tobacco, Brooklyn Tran
sit, Continental Tobacco, Tennessee
Coal, Steel & Wire, Federal Steel and
Rubber prefemed New York Air Brake
fell IN points. Liquidation increased in
the specialties and Metropolitan Street
Railway reacted 375, while Tennessee
Coal sold at ia, a loss of "a. Offerings
diminished toward II O'Clock, and re-
covery followed which was aided by a
large demand for Brooklyn Transit.
This stock rallied IL, Metropolitan
gained 21k and other active specialties
materially. Most Of the business and
the largest declines In the railways were
in the granger group. The movement
did not exceed fractional limits.
The recovery was arrested by a rise
in call money to 10 per cent. Renewed
selling forced prices genrally to the low
est by noon, notably Sugar, Manhattan
and St. Paul. The market was duh by
contrast with the recent dealings. Some
improvement n.values was discernable
by midday, but there were no striking
variations Sales~to noon. 249,91S shares.
The market fell into extreme dizziness
after noon, but hardened appreciably.
Sugar and Tobacco rallied 214 from the
low point, and Brooklyn Transit, Met
ropolitan, the CHANGERS and Atchison
preferred rose above last nights level
The market was unsteady at the high
point, but gained further up to 2 p. M,
and held fairly we'll IN final dealings.
The following quotations were made
on the Boston exchange yesterday on
stocks held in Worcester and vicinity
BOSTON QUOTATIONS.
reported by Kinnicutt & DeWitt.)
A nyr