The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-12-31
A STRONG MARKET
1t Marks the End Of the Year
Bank Statement Shows
Small Changes
LITTLE FEATURE
IN BOSTON TRADING
Net December Decline OF 6 IL
and Net Advance For 1899
of a 3-4-NeWs and Notes

The year ended with a good degree
OF strength in the stock market. Lon
don reported continuation of the i'm
proved feeling and sent higher quota
tons on American stocks
The bank statement showed small
changes, but was construed favorably
and gave the impetus to a strong clos
ing. In a few words, the record of day.
week, month and year is shown by the
averages of closing prices of twenty
five leading New York stocks, thus:
/, Net advance in the two hours today,
"; net advance for the week, s. net
decline for the month, 615 net advance
for the year. Az. In 1899 the average
rose Is from Jan. to April 8, and fell
1875 to Dec. %, rallying 67s at the close.
From highest of 1890 to lowest of 1896
there was drop of 45; from the 1896
panic to the 1899 boom there was a rise
of 5214 with 9s4 net recession at the
end of 1899. The year closed with the
average AZ higher than at the end of
1888, a small showing of net average
gain.
However, some stocks are materially
higher than this average would in
dictate. For general purposes though
1t is quite correct Sugar and c.. B. &
O., to take two prominent examples of
two prominent classes of stocks, each
close few dollars lower than at the
end of 1898. The year has seen the ex-
tremes of boom and panic; it has been
In many respects the most remarkable
In the country's history. General pros
perity, financial and Industrial mate
rial and commercial, has been unex-
ampled. Speculation has been over
done and the combinations of war and
financial difficulties abroad, with our
own great expansion of industry, has
forced panic in speculative circles
happily over, it is believed although of
great seriousness while it lasted. and
leaving matters still unsettled Else
Where in this issue the year is re-
viewed by months It is proftless here
to go over the familiar story or to
moralize thereupon. Suffice it to say
that with sustained volume Of general
business with labor well employed at
higher wages, with commodity prices
holding firm at substantial advances
for the year, with heavy volume of
business in nearly all lines5 the setback
in stocks cannot be more than tenn
porary. The release of the enormous
total of interest and dividend money
Monday must tend to further upbuild
centres, and must be followed by re-
Spouse in the market for securities. OF
course there are many complications in
the situation this year, non-existent
heretofore, yet the prospects for a good
stock market in January by no means
are discourag ing.
PARTICULAR FEATURES.
Pullman, Pacific Mail and Leather
We're the particular features, gaining
6% for the first named and 21s each for
the other two Pullman maintained its
gain, closing at 1898, but the others
reacted fractionally. Good gains were
recorded in the general list, and under
the influence of the lower London dis
count rates and the generally improved
situation there, together with the ia
vorable New York bank statement, the
whole list had a strong tone spite of
some natural disposition to close spec
ulatiye accounts over the end of the
year settlements and the two HOLIDAYS.
There was little feature in Boston. al
though strong specialties We're not
lacking. Mines were neglected, save
for considerable activity in Amalgam-
ated, which hardened W. to 81 Mon
tana was 2 better, at 262, and Tanarack
25s, at 1T14. United States Oil hard
ened u, to 2312, Central Oil holding at
2lh. American Zinc was up ", at
l.,
gaining w. to 80. Cochiti ran UP 81 to
1872, closing at 1871. New Haven &
Hartford rose H. to PA, a net rise of Z
for the week with Old Colony up IL
for the day and 4 for the week, at POS.
Boston g. Albany has gained 3Jh this
week, to 245. Planters Compress rose
2 yesterday. to "a. New England Gas
& Coke Is up 3 for the week, at %, and
6s up.S, at 70.
THE NEW YORK MARKET.
The New York stock market opened
irregular. American Steel & Wire 4Sh.
Atchison preferred 61%, Burlington
1zlB, Continental Tobacco 32: Federal
Steel SO. Leather IS, Louisville & Nash
vile 30A. Manhattan 975h. Missouri
Pacific 40A. New York Central 131
Brooklyn Transit 49, Northern Pacific
b334, Peoples Gas los, Sugar 1891. ST
Paul 11719, Tennessee Coal & Iron S3lh,
Tobacco SO, Union Pacific 47M Union
Pacific preferred 74%. Railroad stocks
showed fractional gains at the opening
end the leading specialties were down
a fraction except Peoples Gas, Brook
lyn Transit and Pacific. Mail, which
showed sharp gains. There was consid-