The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-12-16
BETTER FEELING
Arrangements For Tiding Over
Copper Difficulties Believed
to Be Successful
100000 GOLD
GOES OUT TODAY
Stock Market Prices Improve
Both in Wall Street and BoS-
ton-NeWS and Notes

There was a better feeling all around
in stock market circles, both in New
York and. in Boston, yesterday.
The settlement in Boston copper af-
fairs is believed to be ample for guar
anteeing against any further uneasi-
ness; banks and brokers are working
together to protect the market, and to
prevent any more trouble; an agree
ment has been made not to call loans
on United States Mining, and not to
execute selling orders in the stock No
more is heard of bank difficulties, the
action of the Clearing House Associa-
ton yesterday being sufficient to carry
matters through all right in that di-
rection. Stocks rallied today and
some good gains were recorded. In
New York, the announcement that ST.
100000 gold will be shipped to London
today, produced no bad effect; on the
contrary, a report that it is contem-
plated to send some $2500O,OOO from the
United States for London's relief, was
taken as bull argument. OF course,
London is the financial storm centre
and anything which tends towards
Strengthening it, must have favorable
influence on our market.
Boston had good recovery. Of
course the mining shares led in inter
est, indeed they almost made the mar
ket. United States Oil led in activity
opening off 2, at 2512, rising to 2S1s
falling back to 26%, and hardening
again. to 27%. United States Mining
sold to the extent of HOO shares in the
morning, and less than 100 afterwards
Price was 5A lower, at 25. Montana
rose rs, to 2S5; Butte 10, to so; Dominion
Coal lost 7s, to 43A, thence rising to
45; Osceola was up 4, at So, later 6S;
Tamarack 10, at 1876, later 1888; Utah lost
IN, to 81, rose to 80 and sold later at
2919; Amalgamated rose IL, to SOB
Parrot ~, to 81, and Arcadian gained
l, to 221A.
The New York stock market opened
irregular: American Steel and Wire SO.
Atchison 61B, c., B. & @. 1868, CONT
mental Tobacco Biz, Federal Steel 53A,
Leather 1871, Leather preferred IA ex-
dividend, Louisville and Nashville 81,
Manhattan 97% ex-dividend, Missouri
Pacific 1917, Brooklyn Transit 1917,
Northern Pacific 54ss, Rock Island
10S%, Sugar 1904, st. Paul 1877. South
ern preferred 55ss, Tennessee Coal and
Iron 81, Tobacco 99A. Union Pacific
47%, Union Pacific preferred 741s Trad
ing was comparatively quiet at the
opening, and price changes were mixed.
Losses of l to 80 points were made
by Third Avenue, Leather preferred,
Tennessee CoalIand American Tobac-
co. Other leading specialties and the
grangers and trunk lines showed symp
toms of depression. Elsewhere in the
railroad list there We're gains in sym
pathy, with higher quotations from
London.
Business was in smaller volume than
on any day this week, and fluctuations
were not sensational. Most of the deal
ings were in the leading specialties
with the general list following the
course of Sugar. This stock was lifted
Immediately to 131, after the early set
back. A drive put it down to 1923, and
there was general liquidation in the
Railway going off 215. General Elec-
trio was unusually prominent, and re-
acted points. A better tone devel-
oped by II O'Clock, but recoveries were
not large. The stability of prices, de-
spite the marked dullness, tempted
more general buying for the long ac-
count. This demand aroused great
animation and strength, the inquiry in
Guiding all the leading stocks. Prices
fell away in a dull market after noon.
but the reaction reached point in only
a few cases. A sudden bidding up of
Sugar above 1874, rallied the whole mar
ket to the best prices of the day but
the tone was feverish at the high
level.
The following quotations We're made