The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-10-17
MARKET NOTES.

The copper bears were quite success
fu in catching stop orders yesterday
and knocked off prices in Osceola, Roy
ale, as Well as in Arcadian.
Exports of copper from the limited
States are increasing, and recent in
euiries are reported from Europe for
OFFERS of copper. The dullness of the To-
cal market is attributed to the fact that
the majority of consumers have sun
pAed their immediate wants. The pol
Icy or the large producers is not to sell
copper Tor speculation, but only to con-
sumers and exporters,
one cause for the weakness of B. r. It
is the report that a group of politicians
mas mace combination with one of the
ieaolng bear operators in the stock
market to compel the company to bury
It's wires in Brooklyn, substituting the
Underground electric system, and that
IN turn the bear operator is to sell the
stock short and divide the profits with
the politicians
Russell Sage in an interview saws.
The financial situation in America. was
never more sound and legitimate than
It is today. That business men are pre-
pairing for a greatly increased volume
OF business in the immediate future is
shown by the fact ttet they are viii
ing to pay full rates and a premium
tor money in order to be in readiness
for any tax which new enterprises NAV
put upon their financial resources. In
dustrials have got to take a back seat
tnat is, most of them. There have been
forced upon an i'll advised public great
amounts Of stock of over CAPITALIZED
concerns Of this character. OF course,
have no reference to frst-class pro
perties."
Exports of copper for the past week
were 1853 tons, and since Oct. /
amount to 1895 tons.
The bears regard the situation as sat
isfactory, but others feel that the mar
ket has stood attacks very well and
showed fair amount of inherent
strength
There should be no let-up in the COP
per market this year Electrolytie has
sold recently at 1890 cents per pound.
and lake copper is not now In sight IN
quantity for this year under 1917 cents.
But contracts are now being placed for
next years delivery and the prospect
in the best posted circles is that next
spring will see a turn in the copper
market If not for spot deliveries at least
in prices that will be made for fall de-
hyeries.
Some shrewd observers Of the market
believe it is time to commence pur-
chases in conservative way, though
no aggressive upward movement is
anticipated until the money now doing
work in moving crops finds its way to
New York.
j. s. Bache & Goa victory for the
British troops would affect all the
pourses of the world and would show
that the war would undoubtedly he a
short one,
Gas & Coke 241s@25, SIS, 780SO; Boston.
SGT; Centennial Eureka, 32034; Little
Tiger, S1.s2@S1.95; Gas, s0O85c.
Exports Of both raw materials and of
manufactured goods are made upon an
increasing scale The total exports for
the last month were nearly $40, 000, 900 in
excess of imports though these last
were about S22,000,0 900 larger than in the
same month of last year The increas-
ing wealth Of the country is shown by
the fact that imports during the nine
months ending Sept. 30 We're approx
mately $l10 000, 900 larger than during
the corresponding period of last wear,
Notwithstanding this enormous in
crease, the excess Of exports was S317. =
1872, 900. These figures indicate that the
foreign commerce OF the United States
in the present calendar year will be
tic tdt 5cHl III ttlelT HiSLOIX. Inns COndt-
ton of affairs together with the political
unrest abroad. has enabled this coun-
try to further reduce its financial oblf-
cations abroad without the transfer to
Europe of any considerable amount OF
cash. The liquidation of foreign in
debtedness on an extensive scale has
now been in progress nearly ten years,
and in consequence, that Indebtedness
has been very materially reduced and
our financial position correspondingly
strengthened.
Morrison, Kekewich e Co., London,
Oct. 6, advise Corey, Milliken e. Co on
copper-Monthly statistics show a sub
stantial decrease of 406t tons, with de-
liveries up to 1854 tons. Total stocks
in England now amount to only 10, 2ga
tons. plus some 1852 tons Of furnace
material. An important feature of the
present position is that consumers are
absolutely bare of stocks, and their re-
quirements, even from hand to mouth,
Will be amply sufficient to keep prices
up to the present level for many months
and any day the American clique is
likely to advance prices 210 1t can do
so with the greatest ease. Sooner or
later fresh supplies must come for
ward, but opening fresh mines is al
ways a slow process. In refined sorts
a large business has taken place, and
margins continue to widen. America