The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-11-17
MARKET IMPROVES,
Relieved BY Govern
ment Purchases
of Bonds.
POINT ADVANCE IN WALL STREET.
Z, S. Oil and Bell Tele-
phone Boston's Strong
Features.
POINT ADVANCE IN WALL STREET.

The action of the government in Of
fering to buy bonds has relieved the
tension in Wall street and stocks re-
sponded with further substantial gains.
The New York sub-treasury paid out
some $500, 10000 IN bond purchases yes
terday morning, and there seems good
reason for the report that one promi-
nent bond house has sold $4,000 900
governments to the treasury, while ru-
NOR tells of another offering the whole
S25, O90,O 900 which the government is will
ling to purchase. The rumor is uncon-
firmed and is thought to be incorrect,
but there is no doubt that the bonds
will be forthcoming and that the nee
essary easing of the monetary situation
will ensue Western reports that funds
are moving towards New York, and
there ought to be quite start in the
direction of reha biltation of reserve
this week. Money quotations ceased to
interest yesterday and prices rose
buoyantly opening quotations on lead
ing stocks ranging from IL to l 1-2
above yesterdays closing. Sugar gained
8 ga to 159, and Chicago, Burlington &
Quincy rose 2, st. Paul and Rock Is
land l each, while Leather fell back
as much.
United States Oil was the Boston fea-
ture, rising 2 ga, to As IA, on large
purchases and reports of material in
crease in production and dividends
through acquisition of important prop
critics to be considered at a meeting of
directors tomorrow. Bell Telephone raj
lied g. to 1853, on reassertion of presum-
able terms of the new financiering
whereby the stock will get rights to
subscribe as we'll as an exchange into
new stock said to figure the present
Bell at 400. Union Pacific, Atchison, c.,
B. & c. and Sugar were active, but the
mining shares had little part in the i'm
proved market, although there was an
advance of over 81 in London prices
of the metal. Manipulation is altogeth-
er too apparent there to have much in
f1uence on the tired market for copper
stocks here. Still, there was a large de-
crease in visible supply abroad the first
half of this month, and the general
market situation and prospects of con
per have rarely been better, Montana
rallied > more, to 300
The New York stock market
opened buoyant American Steel
& Wire AS 1-2 Atchison pre-
ferred Sc Ia. c., B. & c.
1873 -, Continental Tobacco, AZ IA, Fed
eral Steel 81 ga, Leather 26 IA, Lea
ther preferred 50, Louisville and Nash
vile SO "a, Manhattan 104 rs, Missou-
ri Pacific 4s ga. New York Central
1877 ga Brooklyn Transit SO IL, North
ern Pacific IS Ia. Peoples Gas 113.
Rock Island ia, Sugar 1857, st. Paul
125 SIS, Southern preferred 81 "a, Ten
nessee Coal 116 IA. Tobacco 119, Union
Pacific As IA Union Paci1c preferred
rs 3-S. Trading at the opening was very
animated and the tone was buoyant
throughout the list First prices in the
majority of th7 active stocks showed
gains of / TO l 1-2 over last nights
prices. The rise in c.. B. & @. reached
is. Sharp fractional gains were
shown in all cases where the rise did
not reach a point. The treasury depart
.ment's offer TO buy bonds was believed
to be the cause of the publish feeling.
The following quotations were made
on the Boston exchange yesterday on
stocks held in Worcester and vicinity:
B o STON ST o X S
TTFT EPHONE STOCKS