The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-05-26
MARKET NOTES.

Inc oDJectlon to buying steel stocks
particularly the common stocks-which
are mostly water, is that the product
i've power of American furnaces and
mills is so great that it takes only a
few months to produce more than the
current consumption, and after the
current consumption is once met,
stocks pile up rapidly and glut the
market both in supply and price
1t is worthy of note that money is
working easier all the time. and that
in face of this sterling exchange is
also weaker in tone.
The market for copper is now quoted
at Is 1-2c for both spot and futures.
with holders of both positions naming
these figures. Buyers however, do not
appear ready to place important orders
at ruling rates, and business continues
dull.
People whose advice is usually COCO
have spoken rather confidently in fa-
vor of buying Sugar on weak spots.
This advice has been repeated at ir-
tervals for the past month
The head of a leading commission
house says: For the very reason that
bear raid is now due by program for
Thursday, it is likely to make Thurs
day more Of a bull than bear day.
1t is plain that preparations for raid
like this is intended to help somebody
10 cover short stocks. 1t is plain that
the market is in the hands of nrofes-
SIGNALS, and an effort is beir- made
to dislodge stocks, but without much
success. The holidays are against a
bear market at this time of the wear"
People connected with Atchison say
that great mistake is being made by
those who think that present conGi-
lions reflect the full capacity of the
road. Next fall will show an earning
power, so far as net is concerned, con-
siderably beyond anything yet dis
closed.
The N. Y. Evening Post says Anal
gamated Copper subscriptions were very
largely taken by inside interests ard
the movement on the curb suggest S
that the same people are content for
the present to let small subscribers out
without loss, but also without profit
The Philadelphia Inquirer's New
York man, who appears to be watch
ing Mr.. Lawson closely, says: 1t is rem
sonable to suppose that Mr. Keene's
bear plans in Sugar can be more easily
and more profitably put into execution
if Mr. Lawson is first allowed to run
the stock up to a high price and to
work up an extended speculative lorg
interest. Mr.. Keene would have far
less trouble breaking Sugar from, say
$50 or 1856, than from the present level
and he would have a chance to put
out lot of short stock on the way
up. Some Wall street people-some of
them quite close to Keene-are init
mating that this is what the willy old
operator is planning to do, and the
reason why he is not fighting Lawson
The outside market yesterday was
featureless: Amalgamated 100 sales
later 9970100; Mayflower TAOS, Elm
River 1908 Egyptian Compress;
35040; Wahnita 7@7A.
New York curb prices; Amsterdam
Gas 345s @359s, preferred 61G6S; Rubber
Goods 29Q30, preferred 1909; Baking
Powder 991a @99B; Standard Oil 465Q46S
Vehicle 1OOG11o, preferred 118612S: New
England Transportation 10hQ11
Amalgamated Copper 100@1001s; Ray
State Gas 2B@3.
The Copper Review, a new financial
journal, issued by the Pembroke Pub
fishing Company Of Boston. has made
its appearance It is devoted exclusive
ly to the interests of investors and
spectators in copper shares, and is full
Of news and good pointers.