The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-02-16
SPECIALS,
The Market Tires of
Regulars.
AT CRIPPLE CREEK.
Rich Veins Found by the
Worcester Party,

Yesterdays stock market was fair
ly brisk one and prices in general sus-
tained firm tone. Burlington was
again the feature, easing, from Al IL
at the opening, three points, and then
rallying one to SO L. Missouri Pacific
was strong, rallying three points from
the start. This was undoubtedly due
TO the denial of any official action on
the refunding scheme.
The market is pursuing an irregular
course because speculation is turning
to special things and leaving the more
familiar lines. 1t requires now, more
than ever, the knowledge of something
special to prompt purchasers. 1t is for
that reason that Quincy has been ad-
Eanced-because some one believes re-
funding is near at hand. It is tipped
TO go above $50 at no distant date
Northern Pacific common has shown d
good deal of substance. and although
the refunding of the preferred shares
is delayed, it is believed common is
slowly but surely sinking 10 a p. c.
-
but may not move until the plan is
more generally known, and that will
not be prior to March l.
The Worcester CAPITALISTS who have
just returned from Black Hawk and
Cripple Creek, are immensely pleased
over the inspection of their Colorado
properties. All of them paid a personal
visit to the mines and went down into
the shafts to see the practical workings
and inspect the veins.
On their arrival in Denver two weeks
ago Wednesday they were entertained
at the Denver Club and proceeded i'm
mediately to the Atlanta mine at Grip
pie Greek. This property is located 1900
feet northeast of the famous Isabella
mine and about the same distance
southwest of the Portland and hide
pendence properties 1t also adjoins the
Famous Hull City placer, that in the
past year has produced $3.50 0OO
A smart has been sunk in the Atlanta
300 feet and three veins have been
struck, running from 100 to $50 feet
from the main shaft. The veins have
been cut % feet wide and paying gold
has been struck in all of them. The
farther the shaft is sunk they have
found richer layer of metal. A sample
taken from the bottom of the Atlanta
by one Of the party, scraped up from
what is commonly called poor dirt S69. so
to the ton. Ore has been taken from the
NINE that assayed as high as $3.50 to
the ton
The Montgomery mine in Black Hawk
was also visited and inspected. This
property is located 40 miles west of
Denver and mas been worked for sew
eral years very prof1tably. The shaft
has been sunk $50 feet and a body of
ore has been opened up, running "a feet
in width and 100 feet wide on the lower
side Of the vein. Experts estimate that
there are many thousands of dollars
worth of ore in sight besides a Iare.a
oody of ore on the lower side of the
level, just cut into.
The wires were steady yesterday
American steel common opening at a.
selllns down to As and closing at 4S$4
Preferred started at 81, sold at 937s and
closed at 94Ss
Federal common was a half point off
and closed at 4S3s preferred at $685..
Pointers are current on the street
that new move is to be made in the
steel stocks. A. s. q w. shares are
particularly referred to, and The point
is made that they have not had any
advance since they We're introduced on
the exchange. People who have good
information regarding the property.
say II Is the intention of insiders to
advance the stock sooner or later TO
ABOUT 90 for the common before sell
nS any large amount TO the public
The preferred stock they consider to
be an investment OF stability, whereas
the common represents what may be
called the equity of the company in
the general prosperity of the country
Dividends on the common they think,
can be paid as long as the good times
last in the iron business The pre-
ferred is considered secure under any
circumstances.
Bell Telephones dig rise of Tuesday
was followed by a slum at yesterdays
opening to 372 1t played like a Their
mometer bulb to rs, rs 70 and Il. and
closed at 36S
The three largest telephone compan-
les in the United states reflect the
great prosperity of the country by tho
extraordinary increase of subscribers
during the month Of January. Collect
lively they represent at least one-third
of the entire Bell system in the United
states. The following shows the NET
increase Of subscribers for January;
Total
Connected
Increase. Jan. 81
Central Union Co. ...... sos 45.913
Pacific coast system &C.. 1927 46512
Erie system .............223i 53,SO6