The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-10-19
Industrials and Gran
gers Prominent in
Wall Street.
PULLMAN STILL CLIMBING.
Liquidation is Checked
in Boston Mining
Stocks.

The. stockinaTl1et maintanedsits good
tome IN New York yesterday, continued
short covering giving a good basis for
further rally. The Vanderbilt shares
had one of their periodical spurts,
Northwestern getting up 41a and Oma-
bs Z. while coal shares also gained
briskly, Lackawanna risfIage314. General
Electric hardened 21a, Steel & Wire Ia
and Sugar 8, while other 6ndustrials re-
snonded we'll, and the granger shares
were prominent. VolumA of business
increased measurabay, and money was
quiet, at sos per cent, mainly 512 peg
cent. Pullman touched 2g6.
Save in a few cases there was check
in the Incubation of n6ning shares in
the Boston market. Centennial fell 2, to
% with " rally, but THE others held
well. If they did not rally. Arcadian
was off l, at 3S, railyihg to 391a, with
3s& ruling DIT 2 p. m. Anaconda sold
at 4715, against 40 Monday; Allouez was
Il lower, at Az; Zinc. held at As; Arm
old yielded ", to 9, with u rally; At
lantic softened Is, to- 26as, on odd lots;
bingham was 4 better, at 1419, on an
odd lot: Montana lost 7, to 1888; Butte
lost 4. to 65; Calumet 10, to $50; Cochiti
held at II; Mohawk lost q, to 10; Gold
Dredging *, to %; Old Colony 4, to 1;
Osceola q, to S0fz; Parrot l, to i215,
with - rally on an odd lot; Santa he
fell g, to 10A. rallying IL; TanaraclS
/, to PIP; United States %, to 2912; Utah
was up y, at 351a; Wolverine receded
q to 39% Old Dominion held at 20.
THE COPPER SHARE REACTION.
The Boston News Bureau says that
Tuesday saw the lowest prices for
many of the Boston copper shares wit
messed for many days. Much of the
decline is attributed to the persistent
liquidation of long stock. Manipulation
is evident in spots. The more import
ant declines have occurred in the low
er priced, on-dividend paying stocks.
The higher priced stocks have suffered
relatively little in the last two weeks.
A weakening in the price of the metal
seems tC have had an influence in the
making of lower prices, although there
are large interests, those conNersant
with the trade conditions as viewed
broadly, who see good results to obtain
from a lower price for copper. They
urge that an 1S1a-cent market is pro-
hbitive in many cases, and that as the
price declines, 1t will bring into the
market consuming demand not now
apparent. This will tend to decrease
visible supplies. A lucent market, they
say, would be about the right thing
The ms 1rity of the local copper shares
saw then best prices last February.
Low point for many of them occurred
yesterday. The shrinkage in the mar
ket value of 26 of the better known
coppers from the high point is about
$S7 SOC, 900. This does not include some
of the newer f1otations, such as Victor
ia Mass, Mayf1ower, Michigan, etc,
which are selling considerably beloT-
their highest prices. The decline in the
stocks not included above may be esti-
mated at s6000,000, bringing the total
shrinkage up to 500, 500, 900. The 26
stocks yesterday represented market
value OF $23S, 600, 900, the shrinkage from
highest point being about q per cent.
The following quotations were made
on the Boston exchange yesterday, on
stock held in Worcester and vicinity:
B o T o N TIC cKs.
-(Reported by Kinnicutt & DEWITT
TELEPHONE STOCKS.