The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-02-17
NET GAIN
Over Preceding Day
Exhibited.
MARKET STRONG.
With Burlington as the
Leading Feature.

The stock market was fairly strong
yesterday, particularly in Boston spe-
cialties Burlington was the most
prominent feature of the day 1t sold
ex-dividend Of IL per cent, opening at
1851, touching a minimum price of
1879. Then it started on movement
upwards, passing 140, receded slightly,
then worked up to 141, faltered and
went to 49, dropped again and then
mounted to 1447s, and closed at 144as
Total net advance Of the day five and
one-fourth points.
Disappointment over no action on the
refunding of Burlington seemed to have
but little effect. and buying was re-
sumed more aggressively than ever.
American Steel and Wire held steady
at about Wednesdays figures
Federal common sold up three points
10 5l1a, ana closed at the top; preferred
gained one point and a half
sugar gained two points and three
eighths.
Pacifcs were strong, Union common
gaining one point and a half and pre-
terred one point, while Northern was
steady
Tobacco was the weak feature of the
market. opening at 1917, selling at 134
and closing at 1856
metropolitan Street Railway made a
new price, closing at S9b net advance
or three and one-eighth
cent. . nan
Central Pacific improved on the re-
poItep practical assignment of govern
ment obligations
The increased activity in certain lines
acted as a tonic on the general market.
frlces worked up steadily with the
srahgers and low-priced specialties
prominent As "A whole, it showed
suostahtlaI net average gain over the
preceding day,
Montana and Butte resumed leader
sup III the Boston mining stocks. with
gains OF 10 and Ga. to S75 and e6 re-
spectlVely Other copper shares held
M WIN little feature, save that
olu dominion was more active than in
long time, rising Ia to 80: Arcadian
was up Z at rs; Isle Royale / al 80
tan Gold came down % to IS, rally-
ing ]. Parrot rose IL more to a, re,
icing to 4212. The strength of the
Sup OF Stocks hrst named is signi-
heant to many, and revives rumors
ABOUT the Combination" which Tins
far has failed 20 combine
~ the general market Bell Tele-
phone ran uo to 373, receding to S7O
win Erie up 4Ss TO 995s, WESTINGHOUSE
W
ne complaint being made nv the
pubic at the recent advance in prices
pE the wire trust, has reached Pres
lneht Lambert, who says that such ad-
sances as nave been made have been
forced upon the company by the rapid
rise IN the price of steel billets. which
are now selling at S22 per ton. The
company now he says, has TO pay so
nuch Tor raw material that it is com
PEELED to ask more for the finished
product.
The company has recently added two
new mills to its list of plants-the Pu-
get Sound Wire Nail Company. at nv.
erett, wash, purchased of John Rookie
Teller, sor about 100000, and the A. r.
whitney Wire Nail Company of Dun
can, Pa, and Brooklyn, N. Y.
The industrials are beginning TO
show good earnings, particularly such
INES as Biscuit. Glucose common
General Electric and Steel Wire They
are not popular with the money lend
ets nor can broader speculation in
them be expected till the general mar
ket takes another start. But meantime
lhey are safe properties. Since the be-
ginning of the wear 80 Industrial com
binations or trusts have been formed
with SllI25OOO0 aggregate capital, and
other companies organized in the same
time make the grand total of new can
itsl 5000. 1000, 600
The decidedly irregular movement in
prices of the past three days as re-
CARDS the general share list. is the
most natural thing % expect in the
market Just now. No information of
an accurate kind has yet been received
as to the extent of the damaEe done
by the blizzard to growing crops, as
well as to its prubabe effects unon
railroad -
fectly prudent until something can he
learned relative TO these highly impor-
tant matters, TO pursue a strictly con
serVatiVe course i'm the matter of on
tering into new stock market engage
ments. That that Is tbc general sentI-
fnent of the big men of the street as
well as outsiders, is attested hy the
general character Of the trading in the
last three days. II any stocks shouId
nave enhanced in value, they were the
coaiers, but this entire group has been
imp and actually LETT Off at fractional
net declines,
Dispatches received from Washing
ton last evening, announced that a
definite agreement had been reached for
the adjustment of -he Central Pacific
Railroad debt TO The government be-
tween the government commission and
the bankers representing the railroad
company. The plan Of settlement con-
templates the payment Of $4,000, 900 to
the government I'm semi-a annual three
per cent notes, the last expiring ten
years from date. These notes viii be
secured by deposit Of Central Pacific
four per cent bonds. The agreement
viii not be signed for several DAYS vet
MARKET GOSSIP.
In Boston It Is said that dividends on
General Electric Will soon begin at tho
rate Ot per cent per annum.
II Is asserted that In all probability
the system TO be used on the Manhnt-
tan, II change is made TO electricity.