The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-04-16

Prices benefited in the stock market
yesterday to quite a decided extent.
The bulk of the dealings was in the
specialties, Brooklyn Transit, Colorado
Fuel & Iron and Sugar making pro-
nounced gains. Publication of the usu-
al weekly trade statements showing an
era of unparalleled business expansion
and unusual prosperity in many lines
aroused confidence among spectators,
Indications of poor support augmented
improvements in various shares, par
ticularly the iron and steel properties,
Colorado Fuel & Iron going up eight
points. Local transportation shares re-
ceived considerable attention, and after
some hesitancy moved sharply upward.
Demands for tine well-knOWn railroad
shares lifted them in common with the
specialties, but the advances were less
marked. The coalers soon felt the i'm
pulse of the aggressive bull specula-
ton, and Delaware & Hudson was lift
ed five points. An additional incentive
TO the confident buying in the general
market was furnished by the weekly
bank statement, which proved to be
more favorable than the most sanguine
expectations The market closed active
and strong, with prices very nearly at
the best.
1t was a good market in Boston.
Planters Compress was up 1872, at
154Ia, which compares with 149 last Sat
urday and with 1903 two weeks ago to-
day, a pretty good fOrtnight's record.
Dominion Coal rose 81, to IS, on good
buying; Bay State Gas was active on
the curb, gaining to 25s while Bonanza
Development which is listed, rose rs,
TO 4, on active trading. Mohawk min
ing was up l. at &c. and Old Colony
gained l, to II, Parrot hardening to 57%,
against Soy, yesterday. Montana was
up 4, to 375, closing at 374, a net rise of
8 this week; Winona gained p, to 1I12,
Centennial 2, to As closing at 44A. Bell
Telephone was up ]. at 36l, and Old Col
ony railroad hardened e. to 208, New
Haven & Hartford rising q, to 21512, a
AZ rise this week, Old Colony being put
up net for the week. Flint & Pere
Marquette preferred gained q more, to
3d. closing at 527s, against 46l2 bid at
the close last Saturday.
This has been a week of sharp recov-
cry in stock market values; money
market conditions have worked favor
ably once more; an element of weak
ness in the speculative situation has
been removed; the crop conditions have
not sufficed to scare holders out Of
stocks; general trade conditions re-
main the most bullish factor, after ALL
there is renewed industrial expansion
and spring trade is active; clearing
house figures show a volume of current
business. practically double that of a
year ago and more than double that of
the years back of 1898. That there are
elements in the situation inducing to
conservatism Of judgment, at least,
cannot be denied, but the public appe-
site for securities is unsatiated and it
eakes little incentive from the con-
trolling influences in the speculation to
start brisk buying. The memory of the
great unsettlement in the industrials of
a week ago already is faint This is a
remarkable market when all Of the de-
cline caused by the money pinch can
be recovered in one week The highest
average of leading stocks on the pres
ent movement, also the highest for the
dozen years covered by our records,
was reached April 3, when it stood at
1913; the break of Friday, April Z, car
ried the average to 1929 an one time:
today it is back to 1O7I4-within Il of
the years highest.
The following quotations We're made
on the Boston exchange yesterday on
stocks held in Worcester and vicinity: