The Worcester spy., 1899-07-29
THE MARKET ELSEWHERE.

New York, July 2S.-Todav,s stock
market took on much of the appearance
OF Dull market in full swing in the
early dealings. Traders took the long
SIDE and were quick to buy different
STOCKS In the same group in which spe-
clal strength was manifested in a single
STOCK. The shorts took alarm from yes
terdays rise and continued upward
Lenoency this morning and covered on
rdtner extensive lines London marked
up prices before the opening here and
Dought considerable amount in this
market. The sentimental effect of this
puylng was even more pronounced than
the dill ect demand for stocks.
rne recovery in French rentes in
Paris also had stimulating effect and
part of London's buyings of Ameri-
cans was reported to be for continental
account. Taken all in all there was
suHclent demand for stocks to run the
forenoon business to within 20, 600 shares
OF the days total transactions and con-
stderably over the total for some other
DAYS OF this week Business fell off.
however, very notably in the afternoon,
the pubic showed itself still coy about
coming forward and bull operators in
consequence proceeded to take their
profits on the advance.
The stocks which had advanced yes
terday and the day before were espec-
tally affected and in a number of cases
We're carried below last nights level.
Inc 81. Louis Southwestern stocks,
Kansas & Texas preferred, Lake Erie
& Western stocks and the Trunk lines
were examples.
Inefe was, nevertheless, an appreci-
able increase in commission house busi-
ness representing outstanding demand
mis- was conspicuous in the grangers,
burlington leading on account of the
penef1t to the crops from rain.
Tsle coalers we're notably strong on
the approaching operation of a higher
scale of prices and Lackawanna in ad-
dition enjoyed the benefit of a reported
combination with New York, Chica 20
and st. Louis, and rose an extreme four
points. Louisville was the leader of the
market considered as to both strength
ana activity. 1t closed at the top price
at net gain of 2ss over yesterday
Since the dividend of per cent was
taken off yesterday morning the stock
has risen Az points. There was an ac-
tive demand for Sugar all day and the
stock touched 1915 and gained 1ss net
National Steel was strong on the re-
ported requirement of new property
Brooklyn Transit rose an extreme 1sL
There was belated upward movement
in some of the southwestern stocks not
heretofore affected.
Denver and Rio Grande preferred
Southern Pacific, st. Louis and San
Francisco second preferred and the St
Joe and Grand Island stocks gained
from l to points.
The late realizing movement carried
prices down from the best and the
market closed dull and easy Tomor-
rows bank statement is expected ia
show another loss in cash owing to
operations with the sub treasury
though there has been net gain on the
interior movement. Sterling exchange
was weak and lower on account of Lon
don buying stocks here and an increased
supply Of commercial bills.
The bond market did not respond fully
to the strength in stocks but prices are
generally higher Total sales S2,12S, 900
par value. United States 5s, registered,
advanced u in the bid price.