The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-05-17
MARKET NOTES.

As will be seen in the advertising col
umns on the financial page Of The Spy
today, subscriptions are invited to 6 per
cent first mortgage gold bonds of the
United States Flour Milling Company
amounting to $4 500 900 at 1021s and in
terest, the lists to be opened at 10
o'clock on May II, and to be closed on
May 10, at O'Clock, or earlier. Sub
scriptions will be received in this city
at the office Of Winslow & Co, State
Mutual building.
The bonds offered are the balance of
an issue of $500, 600, of which $S,OOO,OO0
have been taken by the vendors and
at private subscription.
The company is incorporated under
the laws of New Jersey, and has ac-
quired the flour mills, elevators, plants
brands, trade marks, etc, of 10 we'll
known companies in different parts of
the country. The aggregate capacity
of the flour mills in the combination is
$4,000 barrels per day, and their stor-
age and elevator capacity is 2,272OOO
bushels, their trade marks being pro-
tected in foreign countries as well as
in the United States.
An increase in productive capacity,
combined with economies in operation,
is expected from the consolidation of
the plants. In addition to the large
mills, it is claimed that the speoialties
in cereals of companies which form
part Of the combination, are constantly
meeting with increased sales. The ag-
gregate savings on the running of the
mills to their full capacity, when com
bined under one head, has been one cent
per bushel on the annual grind of 3d.
0000 600 bushels of wheat, or estimated
to be equal to $500, 900 in earnings.
la Of 40 40
ton of the electric roads around Bos-
ton will soon be made. 1t is under
stood that the public will be admitted
on the basis of paying $1,000, and re-
cefving 10 shares of a 4 per cent pre-
ferred both as to dividends and assets
and cumulative for the former, to-
gether with five shares of common,
upon which dividends of 2 per cent are
expected, thus giving the subscriber
about s per cent on his investment. The
underwriters are to get for $1,000 the
same amount of preferred and six
shares Of common. The preferred and
common are each to be Sl0,0OO.OO0
Immediately on the return of Marcus
Daily from the east the properties of
the Washoe companies at Butte, Mon,
which have become a part Of the new
Amalgamated Copper Company, were
gun from the Moonlight mine of that
company to the Anaconda smelter. The
great Anaconda mine, which was sold
to the Amalgamated recently, was
bought by Marcus DAILY in 1873 for $780,
900. The price yaid last week is said
to put the mine at a valuation of $685.
100, 600
A prominent insidep says: The cop
per situation is exceedingly strong.
The visible copper is today a little ov-
er $4,000 tons, against nearly 200 900
when the French syndicate collapsed,
and the consumption of copper today,
as compared with those days, is at
rate of 100000, 900 pounds more per an
mum. The production of copper today
as compared with then shows an in
crease of not more than $50 000 900
pounds. The price Of the metal itself
in the foreign market appears to be
in condition where copper can be adj
yanced to most any price.
Pres. Geary of Fed. Steel says that
the reports that the company is consid-
ering foreign orders for its product is
home orders. The same conditions ap-
ply to other steel companies.
It is computed that the recent disas-
ter viii cost the Reading about $780,,
900, S1S5.0e0 being for deaths and per-
sonal inquiries, and $1,000 for equipment
damage This total is nearly q per
cent on the LIST pref. stock. The whole
amount. of course, win not be charge
able against the current years income.
The prospect is that just about the full
per cent list pref dividend win be
earned. so that this loss viii bear di
reetly upon that stock.