The star and Newark advertiser. [volume] (Newark, N.J.) 1908-1909, 1908-11-19
LOCAL STOCK
MARKET MAKES
BIG ADVANCE
Biggest Boom in Its History
Since the Banner Year
of 1904.
PUBLIC SERVICE SHOWS
MOST PRONOUNCED GAIN
Newark Keeping Pace With
Generally Improved Ma
tiOnal Conditions.

Not since the year 1904 has the local
security market SHOWN such great ac-
tivity as during the past week No
particular reason has been assigned for
this upward movement, other than that
local conditions are keeping pace with
which have improved since the recent
election.
1t is the opinion of many of Newark 8
financiers that much of this movement
can be attributed to the unnecessarily
low prices to which these securities
drifted to during the panic of the last
year. and that all the local securities
are not only entitled to this advance,
but to considerable more.
During the past week the local se-
curity market has witnessed the larg-
est advances In prices known since the
banner year. 1904, and the demand for
local stocks and bonds Is increasing
This Is particularly true among the
small investors and the conservative
element. The trading does not seem to
be confined to any one Issue. The en-
tire list seems to be benefited by the
general trading done during the past
week This trading has had its incen-
tive from the past two or three months,
when considerable buying of securieties
in small lots took place, these having
been taken out of the market and paid
for.
Demand Exceeds supply.
The purchases during the past few
months have naturally left the local
market in very healthy condition, and
the demands for securities now cannot
be filled on account of the scarcity of
offerings at present prices. Investors
are holding on to their securities, know
ing that they are exceptionally cheap
at their present prices.
In gas. electric mad traction stocks,
Consolidated has advanced nearly 4
points; Essex & Hudson, s points; Pub
lie Service Certificates, Gle points: Pub
lie Service stock, 10 points. and South
Jersey Gas, points. In the bond mar
ket during the same short period a
steady perceptible rise has been noticed
of from / to 2R.
The Public Service Corporation stock
struck the highest advances. This
stock has been very inactive for a
long time, but it now leads the mar
ket. Starting at so ten days ago, it
was eagerly taken. and the demand
caused a very rapid rise, and while it
Is now bid for at 80, there Is practically
none offered under SO. In an interview
with one of the prominent officials of
this company by an EVENING STAR
representative, he stated he knew of no
particular reason for the rapid ad-
vance in the value of its stock other
than the fact that the company was
showing considerable increase in busi-
ness; that the financial results from
the increased business were gratifying,
and that the splendid showing in earn
ings has been quickly observed by in
vestors
Bank stocks Very Strong.
A very pronounced rise In bank
stocks has been noticed, the most phe-
nomenal of which has been the Trust
Company of New Jersey. of which
General William C. Heppenheimer is
president Less than week ago this
stock was offered at 300; its market to-
day is 375 bid and 450 asked.
The market for local securities can
be considered extremely healthy, and
during the coming winter higher prices
can be looked for. The properties are
all in good financial condition, as well
as valuable, and there was no time in
the history of any Of them when their
securities were so low.