The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-03-21
ONCE MORE.
Sugar Again Upsets
All Calculations.
PANIC POSSIBLE.
Sugar Reaction May Knock
Bottom Out of Market.

Sugar closed at Ill on Saturday. IL
YVES the end of a two days furry in
sugar, that for fever heated intensity
has had no parallel in the history of
the stock, and certain It is that no
body on the street either here or at
the other end of the line looked for
repetition of things yesterday.
But it came, and it came with a rush.
At this end Of The line il opened up
10 points from Saturdays closing, at
1856. In New York the price at the
opening was $50, or points up. But
there drop Of ) and d rally of &C.
Cured in short order. lqaiIy in the af-
ternoon III was touched, extinguishing
All Of the days gain. Then came a
Iahy lAst after o'clock Of SIS. The
wires were working poorly on account
q sundays Storm, and il was difficult
10 get closing quotations from the New
YORK market
-~ 70 many, this sensational rise in SUI
Sat IS only an incident. But in another
sense, IL has really brought about a
state of semi-panio 1t is to be hoped
that the advance viii develop an ade-
aaate basis Of facts behind it rather
IMAM professional manipulation. But
that is very difficult matter to de-
eide upon just now. 1t is natural to
assume that if Sugar remains up other
stocks viii advance with 1t. On the
othe} haRa, If there should be a heavy
drop, The investors viii be little fear
ftti Of the balance of the list One thing
IS sure and that is that buyers are
ready TO purchase on the slightest en-
.coGragelnent
Wan street predictions Of Saturday
mat Sugar would reach 200 Yesterday
Tell Tar short Of the mark The situa-
ton at the closing was practically the
same. The rumors of consolidation are
developing into definite assertion that
the trust will shortly announce an in
crease Of common stock from S37 800
600 10 s5e, 900. This will naturally
carry valuable rights TO the STOCKHOLM
efs. The proceeds will be used to pay
-tor the Arbuckle and Doeseher prop
critics II this really occurs, the stock
viii go to 200 easily enough 1t was
rumored that the details were to be
settled at meeting of the three in
terests yesterday.
President Hayemeyer says nothing
relative to the real cause of the adj
vance, except to say that the sugar
trade is good, with an improving out
look.
Bell Telephone jumped 10 points yes
teFday, and there was a continued adj
vance in Central Massachusetts. Cen
tennlal developed considerable strength
just after the opening. and there was
good trading in some of the other fea-
lures. New York Central rose 8 10
and Union Pacific preferred SIS.
II Sugar keeps on the upward move
N the next few days we are likely TO
see repetition Of the January mar
ket There is plenty of money among
those who profted by the last boom,
end they are as ardent as ever they
We're then for another chance.
The following quotations We're given
on the Boston exchange yesterday on
stocks held in Worcester and vicinity:
RAILROAD COMPANIES.
Chicago, Burlington 8, Quincy ......1H
Central Massachusetts .....,,.,,....... "a
Maine Central ......................,.t III
FItchbuTg preferred ......,..........,...116
MINING COMPANIES.
Adventure Recommendations. 1876
Butte g. Boston .,......,...,.,.......... S7i5
Centennial .,....................,..-.. A6iT
SoGhit Gold .'''...'. ..'.s,'.,........., 1915
Franklin .................... .....,,... u
Osceola .......,............. ...,....,....... III
parrot (sivsr s copper ,.,,,.,.. ..... Is
Santa Ysabel Observation-Disclosures. III
Iamarack .'..'..+,.......,...,.,..... 225Ia
MISCELLANEOUS
American Bell Telephone ...........,,..36O
Dominion Coal ................,,.~,u,... 45%
Edison Electric Illuminating .-...,..2 200
Federal Steel Observation-Disclosures, 525s
United States oil ......u...,............, 42%
T. 9 MACHINE Company preferred.... q
Rupber ,...:.'...:..'''.''. u
American Steel & Wire ............... SLY
do preferred ..,,,,,,.'t,,..,.,,.,.....l 1929
The local market for eoppers is rather
slow, save for the Centennial. The
balance is apparently neglected and
there are no signs of an immediate rail-
~. Lake is quoted nominally at 17laQ
1874. In the outside market yesterday
it was difficult to obtain quotations
Miners, 4S1ad45ls; Michigan, l5Ia@l61a;
Bingham. 10k@11lA; Victoria, sA@S%
copper Range, 40Q42; Trimountain
121f913, Reports of copper for the
week are 1851 tons, against 1543 tons
for the week previous Since March
J. total exports have aggregated
6344 tons.
A carload Of lead ore is now on the
way from Maine TO a Denver smelter
AMUA~AHk1xz POROUS