The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-02-25
Market Was Weaker
Yesterday.
ONE MORE Squirt.
Then Copper Will Slump
Say the Knowing Ones.

The market yesterday was lacking
somewhat in the strength it had dis
played in the three preceding days.
Prices In quite a number of lines fell
on, although good resistance was made
in many Of the specialties
Quincy opened with gain of IA and
gained rs more. or 23s in all, then fall
ing three, or from 1865 to 1431s. 1t had
advanced two points on Thursday be
fore the details of the bond issue were
known, but the disappointment over the
nom omprehensiveness of the actual
scheme has discouraged the street and
a great deal of realizing has followed
Tobacco has made another big record,
sing at the opening, to 19015, .reced-
ing to 1S412 and raHying to 1871 later
The absorption and combination of To-
bacco interests have made a great
change in the situation of all these COM
panies, and the buying of the last few
Gays has been of the best. 1t is pre-
dlcted that Tobacco will easily show 16
per cent upon common under the new
arrangement and that the price will
advance to ESQ. An unconfirmed rurnor
- IA tue market OF a. deal between the
American, the Union and the Leggett &
Myers. If there is one 1t is safe to say
that 1T is equivalent to an actual con-
solldaton of all the interests named
and 1t means that the tobacco business
has passed into the hands OF the Ameri-
can Tobacco Company.
American Steel & Wire reached 4ass
preferred 1914. The common is a strong
stock in the market. 1t is being heavily
bought by the leading stock commission
houses, There is to be a dividend soon
on preferred payable April l. of 1s4 per
cent and the purchases of the COMMON
stock by the heavy buyers at this time
are wholly on dividend prospects for
those shares, which rumor has it will
be lnaugurated next August
Boston mining stocks have come down
a little under free-profit taking. A
prominent broker intimated that some
thing was liable to drop shortly in the
coppers. He looks for one more
squirt upwards, and then-trouble. But
the pulIs declare the market is in good
position, that the way in which stocks
are absorbed show no great dislodg-
ment of holding, and as general condi-
tonS are unchanged, they feel that the
rise Is not within sight of the end.
Positively bad news is required to
break the market; the public is in il,
and is confident: many act as if the
ldea OF a drop or bear campaign never,
mad entered their heads, and it is an
absolute fact that a large proportion
oI the PARTICIPANTS in the present rise
are men who never We're interested in
stock market speculation before at
least, not broadly
They will not be scared out hy any
ordinary reaction; they have confidence
IN Ihe country, in business. in copper
sn9 IN copper stocks, and there is no
dlnculty in getting stock subscribed for
new companies. OF course the end Of
aI this has got to come and yet if is
hard to find any disposition arnnnp
SPECTATORS to realize The hulk of
current copper share speculation is go
ing on on the broadest lines ever known
ana u SHOWS little signs of narrowing
as yet. 10
The recent blizzard is said to have
caused little or no damage to wintar
wheat. Many feared the contrary. and
were inclined TO Tighten their loads of
granger shares. The Northwes+ern
Miller. through its special corresnondl
ents has obtained a careful census
IheY say that in Michigan the area Of
actual damage is small the errea for
part OF the state being protected b1.
snow. In Indiana and Ohio there has
been but little damage In Illinois tbe
damage is not known. In Kansas il 10
limited to small area and soft
wheat. SUI
The Boston stock exchange has list
ed the Santa Fe Gold & Copper Mininr
Company, non assess1ble, incorporatnd
Jan. Fl, 1899, under New Jersey laws.
capital stock $50 900 shares. par value
SO. cash on hand 100000, stock in
treasury $4,000 shares; Edward A. Clark
president. Charles H. Cole, Jr.. treas
urer, F. w. Batchelder secretary, and
Messrs. Clark, Cole, A. S. Bigelow,
Leonard Lewinsohn, William II Cool
idge, ]. T. Mclaughlin, Charles Fl
Cole, Charles S. Henry and Edgar Buff
fun, directors; principal offices No. s.
Congress street, Boston, and Jersey
city, N. j.; transfer office No. s Con-
gress street; place of registration the
Globe National Bank, Boston.
In the outside market today the fol-
lowing quotations We're noted: Michi-
gan 1919; Bingham, IL asked; Miners
44@45; Victoria 10hd11h; Copper
Range. 52@55; Trimountain. 1612 and
lo Boston. 141a14% Fortuna, III; wy
andotte, ia.
In Boston. Santa Fe started on the
regular list yesterday, at % falling to
2Oi2 and rallying to 21% in the after
noon, with dealings active and closing
at 20ia Rhode Island was a strong and
decided active specially, rising 25s. to
49, recedlng to 49,; Calumet g. Hecla
was follower, at $780, Montana lost 2, to