The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-05-07
MARKET NOTES.

Comment is bearishs based on the con-
siderations which affect the grangers,
Rock Island. Burlington, st. Paul,
Atchison, Missouri Pacific and Union
Pacific.
Chauncey Depew says: IF the pres
ent tendency to overcapitaliZe contln-
ues, l warn you, the panic which fol-
lows false imitation must be expected
The position of Sugar stock is prac-
tically as follows: Large money inter-
ests took up Sugar shares many months
ago, drove the stock down from above
1870 under 40 and accumulated shares
both down and steadily up to above
140. Then they made a drive against
the shorts up to above $50, but they
have had too much company of late,
and they shook out the undesirable
ones.-Corey, Milliken & Co.
1t is stated by American Steel and
Wire people that the entire dividends
of the company for 1899 were earned IN
the first three months of the year
On the curb, -Ama1gamated was
1006103 Elm River, IA asked; Michi-
gan, 15@15l4 Mayfiower, SQS1a Gales;
Victoria. asked.
The Montana supreme court has
granted application of the Montana
Purchasing Company for modification
of injunction, so that applicants might
work disputed ground in the Pennsyl-
vania lode for purposes of exploring,
but ordered that no ore should be re-
moved from premises Court at thaJ
time intimated that objection might be
made that no notice had been given,
but lawyers for Montana Ore Purchas-
ing Company said that there was no
requirement that notice be given; how
ever lawyers for the Boston and Mon
tana filed motion to vacate the modlfi-
cation on ground anticipated, and, af-
ter argument, court granted it. Motion
for modification was then renewed and
supreme court set it for hearing Mon
day.
England sent in subscriptions for
$50 900 900, Germany and France $40
900 900 each Boston and New England
showed its steadiest faith in copper by
subscribing for over 5000, 100000 in the
copper amalgamation.
Houston & Co., metal brokers, New
York in their monthly market letter,
say: Consumption of copper by the do
nestle trade is very great, and the
mills of the consumers, both large and
small, have been actively employed.
Deducting exports from production and
adding imports covering the first three
months of this year, it is estimated
that this country has consumed during
the first quarter of 1899 from $4,000, 900
to 25000,00 pounds of copper per month.
A director of the Victoria Mining Co.
writes that the work of unwatering the
old mine is nearly finished. A test pit
was started on the rich outcropping east
of the old Forest mine, but work was
so delayed by the snow and slush that
it was abandoned. The little work done
revealed heavy copper.
A Wall street paper inquiries what has
become of the alleged Standard Oil sup
port of Atchison preferred stock. Be-
ing alleged, il is quite unnecessary to
search for its whereabouts.
The profit taking on Amalgamated
by people who cannot pay the balance
due on their. subscription has already
commenced.
Messrs. Depew, DeFontafne & Wat
kins, 50 Broadway, New York, are Of
fering treasury stock of the Buffalo &
Cripple Creek gold mining company at
50 cents per share.
John D. Maloney IS Pearl street,
this city, who is handling the stock of
the Boston and British Columbia Cop
per Mining and Smelling company, is
enthusiastic over the subscriptions
that have already come in from Worces-
ter The mines are located in the
West Kootenay mining district of Brit
ish Columbia on the Columbia river,
near the thriving town of Revelstoke.
which is the divisional point on the
main line of the Canadian Pacific rail-
road. This stock win Immediately ad-
vance in price, when its immense re
sources become known. There are en-
ormous copper gold deposits and $4,000
acres of standing timber forlumber and
fuel purposes. Coal and coke are i'm
mediately at hand.