The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-06-27
A Big Market Ad-
vance and Cheer
full Talk.
BOSTON AND ALBANY At 272.
Stiff Prices Are Predicted
For Copper
Notes.

The stock market opened buoyantly
yesterday, and up to the middle of the
afternoon maintained strength. al
though the announcement that s2,250,
600 more gold is to go out today. acted
as a mild dampener on enthusiasm.
Still the assurances from government
and prominent bank officials continue
to come in that the export of gold IS
not alarming, that it is but an Incl
dent, and that it would have to be
very much larger than it promises to
be to excite any apprehension, SO
strong is the country's financial posi-
ton and so heavy are its gold holdings.
The Vanderbilt stocks continued prom
inent in the market.
New York Central rose mora, to
1873 IL; Northwestern IA, Omaha 2.
Union Pacific / 5-s and Union Pacific
preferred 2 1-8. In Boston, on sales of
but IA shares, Boston and Albany rose
-, to 2T2, subsequently receding to 270,
while New Haven and Hartford was
up 6, at 219, later selling at 21S and
still later at 21S IL, on somewhat
larger transactions.
AS to the DEAL" it has been impos-
sible to get any confirmation or denial
or anything like an explicit statement
from Vanderbilt or Boston and Albany
interests The Boston News Bureau
says that it is a fact that the Wander
bilts are negotiating for control of the
Albany, and Messrs. Bliss, Chaplin and
Davis hold such control, having refused
the New Haven's offer last year of a
lease. Probably the lease to the New
Haven viii be on a better than I'er
cent basis, and all sorts of sugges-
lions are given as to possible basis, a
favorite guess being 100000 in 8 per
cent New York Central bonds for each
100 shares Of Albany stock. The rumor
of a comprehensive merger of Wander
bilt lines continues persistent, the New
York Central to absorb the North
western, the New Haven and the A.
bany and it takes little imagination to
include the Omaha-practicall part
of the Northwestern and the Unlon
Pacific The wonder is that the Bls
Four is not mentioned with the Mich
igan Central and the Canada southern
It is an era of consolidation, and the
changes In the railway map of the
United States in the remaining eighteen
months of the nineteenth century, rio
fair to exceed those of the past elgn-
teen years.
The general market in Wall street
maintained strength further. u
b. &. @. gained ga and other grangers
did well. Atchison made a good may
earnings statement. while st. Pau
showed a slight loss in net. Laeka-
wanna gained 3 and Sugar strength
ened, but the industrials as rilie
were comparatively heavy Continen-
tai Tobacco falling 8, also the Transit
shares, Brooklyn losing 2 II. In .Bos-
ton the market generally broadened
and was quite active. Little change .oe-
CURED in mining share prices pe'
Amalgamated was in better demand
reaching s5. United States Oil rose L
to 46 IL and Dominion Coal 81, &c
81 IA falling back to 60 IL later. Bos-
ton Elevated was up 3, at lOsi Old Col
onv IL, at 2e2 IL. Bell Telephone
gained /, to 349, on purchases Of small
odd lots.
The following were closing QUOTATIONS
on the Boston exchange yesterday, on
stocks held in Worcester and vicinity;