The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1898-11-11
GREAT ACTIVITY.
5 3E
Prices Surged Upward in Stock
Exchange With Rush and Roar.
The Best of Prices Prevailed at the Close
Of the Days Business.

New York Nov. 1O.-Prices surged
upward on the stock exchange today
with what can only adequately be de-
seriDed as rush and roar. It was
DAY OF furious activity throughout in
all departments, and the closing was at
boiling point and at the best prices of
the dav
The greatest interest and activity
was shown in the railroad securities of
fr1sll classes, and nearly all of those
which We're traded in show at least l
per cent higher for the stocks. The
majority show a gain of between and
per cent. This rate of increase is
raised to between 2 and per cent in
the case of Atchison preferred Rock
Island, Baltimore and Ohio. Denver
and Rio Grande preferred, Union Pa
/ cific, st. Paul and Omaha, and some
J of the specialties.
4 Inc oregon Navigation stocks, both
! common and preferred, showed gains of
per cent The industrials and other
specialties fell into the background
both relatively and absolutely. and
We're almost totally neglected until the
later dealings
Sugar, Brooklyn Transit and Federal
steel led in the activity, and constant
~ advanced before the close. In con-
sequence, some stocks high price rec
ords We're made today, and in the case
of many others high price of the year,
(Which prevailed In September was
reached today. Atchison, Baltimore and
Ohio, Northern Pacific and the Union
Pacific stocks reached their record
prices today There can be no doubt
that the strength of the market is at
, 'trloutable to the feeling of relief that
the unsettling doubts and uncertain
ties over the, election are a thing of the
past and confidence that the generally
prosperous condition of the country is
Sure to assert itself and lift values to
a higher level Everything was ignored
but the most favorable incidents in the
outlook. The marked falling off in the
export demand for wheat and the re-
sulting fall in prices, had no affect.
The, unfavorable conditions of the
trunk line situation, which caused de-
clines for New York Central and
Pennsylvania in London, received no
attention and the prices of those stocks
were advanced over a point net. Balti-
more and Ohio rose . 3-S, and Norfolk
and Western preferred was at one time
up 12. Reports from the iron trade
Of a drift towards a lower range of
values, which might ordinarily be ex-
pected to have a marked effect on the
stock market were passed unnoticed.
St. PauPs first week statement, al
though 1t showed an increase of over
$21 900, was much less striking than
several of that roads recent returns,
which have passed unnoticed.
The Atchison securities held for
most places, and all of them advanced
strongly. the preferred rising 5S per
cent, with a stock issue of over $120,
100000 to move. Northern Pacific more
than redeemed its quarterly dividend,
and Union Pacific preferred was heav-
lily bought both for home and foreign
accounts. London buying was again a
marked feature. and commission house
business was on an enormous scale,
fairly taking the market out of the
hands of the traders and eating up all
offerings to take profits without appre-
ciable check to the days continued ad-
vance.