The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-01-15
END OF THE WEEK,
Transactions Largest for Two
hour Session in Many Years.
Nearly 100000 Shares Dealt in and
Average Net Rise Was From One to
Two Points.

New York jan IA Transactions on
the stock exchange today were the
largest for a two-hor session in many
years, and had the same volume con-
tinued for the usual five hours trad
ing it would have been within quar-
ter Of million of two million shares.
AS it was, there were nearly 100000
shares dealt in, and the average net
rise in prices was from one to two
points in the shares, which figured
most extensively in the dealings. There
was a diversion of interest from the
Pacifics into higher priced stocks, the
grangers being the gamers. The ex
element on the floor of the stock ex
change was tremendous.
There was an unusually large atten-
dance of brokers for the short session.
AS the constant influx of outside orders
rendered it necessary for the large
dealers to transfer considerable of
their business to the hands of the
smaller brokers at the regular COM
mission between members, stocks were
buoyant and active. High priced rec
ords passed unnoticed IN the confusion.
Brokers fought to execute orders and
Simultaneous transactions in many
shares were widely apart. The en-
ployees of the exchange were constant
ly rushed.
London had early received large pur-
chasing orders from this side and the
quotations from that quarter showed
general advance. The rapidity of the
rise brought out immense blocks of
realizing sales, but the sustained buy
ing power of the market absorbed all
offerings after a temporary reaction
and prices again mounted upward.
The market halted momentarily,
pending the publication of the weekly
bank statement, but on its appearance
q showing increases of $47S.200 in the sur
8 plus reserve and SO, 402 600 in the loan
account, bullish enthusiasm was re-
Gumeds with violence. Commission
houses were easily the largest buyers.
The extreme gains in the Pacifics were
only fractional while in the grangers
they ranged from 1 in st. Paul to in
Burlington, and in the active coalers
from to 25s. The Gould and Wander
bilt stocks were comparatively neglect
ed, except Southern Railway The
greatest strength and activity was
shown in. the Changers, Atchison, the
Readings, Southern preferred, Federal
Steel and Brooklyn Transit. Points of
iheaviness were Great Northern, Illinois
Central, Metropolitan Central Lead
and Laclede GLASS; Generally speak
ing. while there were some slight re-
scessicns from the extraordinarily high
opening, the market gained most of the
decline.
The market closed with some irreg-
ularity, but generally strong and act
I'VE with important concessions in
some cases. Noteworthy features
We're large rise in Burlington on rel
newed gossip concerning the prospect
I've refunding of notwithstanding bonds
to a lower basis. This talk. however,
was little mere definite than usual.
New York Air Brake made an ex-
IRENE advances of nine points, while
southern Railway preferred, and Atch-
ison preferred, were up over two points
each. and Federal Steel common,
which has lately been rather neglect
ed, although reacting from top prices,
ended with net gain of 15s. The lar
gest trading in any speciality was in
BROOKLYN Rapid Transit which had an
1snitial rise of two points on eonfirma-
tion of its acquiring control of the Mas
sau Electric Company Subsequent
trading in the stock was irregular.
and it closed with net loss of one-half
point