The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-03-17
Sugar Went Up Like
a Rocket.
JUMPED 20 POINTS.
Bears Get the Hardest
Squeeze Of the Year.

Xvt-,
sSteIai'E was the widest day in
Sugar speculation that this end of the
line has seen in. many .vea,s The stool,
,,ered o.. 1,71l
60 - d. az" oeloie NOON 1t hau
Jumped total of over % points. The
way that the bulls squeezed the Sugar
hears has poyer l,e.so,., 1,oo,, -,
-'i 1f~"iieu
NIllS d IL" hundred shdreS were sold at
the high figure, 10, and the next sales
were at 49,.
~,
t'~ii '''9 S'ooN JuI4peu again 10 log,
ana the price settled just under that
in the last dealings Of rhe dav al
+1,o,,--1, J. 1--I-.,
~ w n "" ""1N anu Lo4' Il
several polhts al time during the
day.
Nfoore G. Srb1a,,. Of N-a,,. y-o-,. ,.. l
~. -. 90 '> -
'"c nuSHlS' supposedly LOT the STAND
ard on people. 1t was current rumor
that a combination had hee,7 arrane-ad
t,e,,,.eo,, ,,,o A,t,,,-,-,.- =, - -.
anu INC 7ue dl
trust.
There are two opinions on Sugar. one
rradictins. = bie 5aoliro +1,o - =
o1.-1, :"
N's dof @lSe' Inc stoCh pays i per
cent. and has paid it for years. No
affairs. Il is held We'll az an invest
nent. and a bIIl clioue could make a
great deal in il without heing over
loaded with stock The higher If ,,,igh+
go the firrler the average stoc[5holder
would cling 10 his Investments
Sugars high record Doint I,efora ,,as-
terdav was 1891. i'm Sep+ern1,er 1907
Back in 1890 il sold a. low az 4S1. = the
next wear as low as 5S1. II beeaT1 this
wear at 12S&s. and with rauCb rail-.
about con7Detition and dividend rednr-
lions. 2 g0od-Sized short Interest," vas
formed. Today r1lmor is busy With a
gigantic combination of an S,igar CsI,~
Coee and kindred interes+s q eaGcbari,1a
syndicate. as If were. Zyhether veil
based or not. if seems clean. that the Sr-
gar company has. come o1lt successf,1li1-
from coTnna+itioD and ren7aine ,,7aet or
Of the situation. shorts had hard
time of it in the noon hour when Two
thirds of the ren1arllf HE advance took
place. with the IL points reaction and
recovery of seven NTpanvThiIe there
was strong buyins throrgbout the lief
of leading stocks. shorts il,p,nad IN
cover and found II dific11It "a connect.
the rise was carried Out with cons,1r, :
mate skill. and The interests hack oF
his market gave convircinp e,ridance
Of their control.
A drop of 7l5 in Tobacco was fol-
lowed by A. rise of 9l5. while game oS
from q to IL in the leading railway
shares were the rule. The advance
was held. moreover: stocks had been
let down slightly at the start. the usual
course and when thew were taken in
hand there was no cessation. bur a
steady uplifc ON through the day
Money did not seem TO be A factor al
though 31a0D4 per cent. was quoted in
the noon hour. The Rock island de-
clared the regular quarterly dividend
Of IL pel. cent. and the Northwestern
declared the usual ia per cent. quar-
terlv dividend on preferred; the com
mon dividends are paid semi-annuallv.
January and July.
Trading in the Sugar crowd eclipsed
everything of the sensational order i'm
the stock market of recent years. There
was an immense crowd Of surging bro
llers, clamoring for the stock al anv
price. Blocks of 1000 shares changed
hands frequently. and the raptditV OF
the rise can be ascertained from the
fact that while Jas was the ruling price
hour later. The shorts We're panic
stricken and fought fo,. tho e+oclr q