The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-07-19
MARKET is FIRM,
Few Specialties or
Changes in Wall
Street.
MONTANA DECLARES $40.
Dominion Coal weakens
and Rallies
Notes.
MONTANA DECLARES $40.

Stock market trading was quiet again
yesterday and barring two or three
specialties there was little of interest
in the Wall street trading.
The practical collapse of the strike on
the Brooklyn Transit lines caused
strong buying of that stock, and a rise
Of rs in the price, while Sugar gained
and New York Central and Federal
Steel were prominent for strength The
usual gossip about impending gold ex-
ports was heard, but had only temp
orary influence against the market,
which was steady from the opening
hour. The market felt the benefit of
higher prices for Americans in London
and railroad stocks generally adj
yanced a fraction at the opening
Brooklyn Transit was also up small
fraction. Exceptions on the side Of
weakness were Manhattan, Federal
Steel, Western Union and a few minor
stocks.
The market did not hold the opening
gains and prices of railroads fell a
shade below Monday night Sugar
dropped q point. An upward move
ment in some of the specialties stiff
fened the market again. American
Smelling rose az and preferred a point,
New York Air Brake g. General Elec-
trio IL, and other industrials frac-
ton. Brooklyn Transit extended its
gain to nearly a point and Sugar and
Manhattan recovered their losses, all
by the end Of the first hour. Some
large blocks Of Manhattan came upon
the market and drove the price a point
below Monday night. New York Air
Brake reacted 3 and Reading second
preferred point. Toward noon Brook
lyn Transit spurted to 1133s, a net ad-
vance OF ia. The general market was
almost stagnant. Brooklyn Transit
rose strongly an additional point in the
early afternoon, and New York Central
gained IL. Manhattan scored a full
recovery and Sugar advanced above
lbl The whole market hardened in
sympathy and held the gain well in the
later dealings, but trading was quiet
and there was little evidence of public
interest
In Boston there was continued brisk
buying of Montana in the morning. ano
the price rose further to 374 After the
announcement of the dividend declara-
ton of $40 per share. price receded t.
$40. Dominion Coal was raided, drop
ping 2 to 501a, thence rallying to So or
good support Boston United Gas sec.
onds fell from 66 to 81, IS holding at So
New England common was up IL more
at 6613 on one transaction. These were
all of the features, the general market
holding steady, what there was of it
Tecumseh mining rose IL to Z, reced
ing to g. Albany sold at 255. 1t seems
that an extra dividend of SIG per share
is expected in connection with the
lease to the New York Central, coming
from the Improvement fund which tn,
Albany withholds under the terms O
the lease.
The Albany simply had to make the
trade. so it is said, or else be "bottle(
up" through the New York Central.
ability to control the Fitchburg. Witt
New York Central traffic Withdrawn
the Albany's position might not hav,
been so secure ON an per cent basi.
as many appear to think The rela.
tions Of the lessee and lessor are inter.
woven so closely that the arrangement
really seems best for all interests con.
eeRHed. The per cent dividend guar.
antee, with the expected extra, do moi
make the lease so unfavorable, wher
all the factors in the situation are
considered.
The following quotations were mad,
on the Boston exchange yesterday OF
stocks held in Worcester and vicinity
IReported by Kinnicutt & Dewitt
bankers.)