The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-05-10
FINANCIAL AND COMMERCIAL

ing in the business outlook other IMAM
that of confidence.
One of the large houses says of the
market: I'VE have sold $4,000 shares
of stock within the past week. we
have evidence which satisfies us that
| some of the important bull interests
have sold, and in some cases, are snort
against stocks which they have not
, been able to sell"
Amalgamated 100 bid.
One cause for the raid on certain
stocks in the market aside from the
Flower group was the report of the Sc
rious illness of J. G. Moore.
Messrs. Dillaway & Starts monthly
compilation shows sales OF leading
copper stocks in the Boston market in
April as follows; Arcadian 19,41l
shares, Arnold 5000, Atlantic 6616, Baltic
1SS, 800 Montana $3.50, Butte p, 1872, CAL
umet 1865, Centennial 3S,171, Franklin
1928, Isle Royale 1888 Old Dominion
69,924, Oseeola Il, 103, Quincy Pill, Tam
arack 7SS, Wolverine 1894 Adventure
1895. Alouez 1857, Mohawk is, 109. Old
Colony 4S44 Rhode Island 14,025, Santa
Fe As, 2S1, Utah 1872. 459, Union 29.219 and
Winona 1857, total twenty-four ST. III
shares.
On the Boston Curb Amalgamated
Copper sold at 1O1 and 100; New Eng
land Gas & Coke 301a@32; Boston Con-
solidated HOP; Fortuna 75Q80c; May
flower S98H Victoria 61a@7; Melones
5 asked; Elm River IA; Montana Coal
s. Coke 9d11; Michigan 14@16; Bay
State Gas 11aQ1ss.
In New York curb prices We're: Car
Foundry 22% @23; preferred, 64065;
Amsterdam Gas sold 36S@1a, preferred
62Q631s; Vehicle 11SQ125, preferred 1870
Obs; Bay State Gas 31s; Rubber Goods
30qS3, preferred S0@S2; Standard Oil
1894; Baking Powder 9S1a@991a.
The advertisement of the Boston Gold
Copper Smelling Company appears on
the financial page of the Spy today. Its
officials claim that their system of Pyr-
itio Smelling is the most favorable and
economic method known to science, of
extracting gold, silver and copper val
ues from the crude ores.
This system of smelling bears the
same relation to the production of
gold, silver and copper as the Besse-
mer process to the steel industry. By
greatly reducing the cost of treatment
millions of tons of ore are
made available from which large
profits will be made. Pyritic
as old as the science of metallurgY
and, heats without cost, and utilize the
fuel elements contained in ores.
The territory controlled by this COM
pany produces so per cent of the ton
mage of Colorado. Dividing this ter
ritory into three smelling districts, each
with a daily production of 1000 to 1000
tons the company will establish in each
of these districts a plant of 200 tons
daily capacity, which, in conformity
with the conservative policy of the
company, will be increased as condi-
tions favor
BY greatly reducing the cost below
that of all other methods of smelling
the immense bodies of low as well as
the higher grades now marketable, can
be profitably smelted, and by making
a market for the lower grade ores, the
tonnage production will be greatly in
creased.
The Leadville plant will be equipped
with Pyritic furnace, and be in oper-
alton before July 1st. To cover the
cost of establishing this plant, 10 900
shares Of treasury stock are offered for
subscription at $500 per share Fur
Their alotments, sold only at par, will
be used to maintain the ore fund, which
is at all times in cash in bank, or in
ore from which freight and treatment
charges have been deducted, purchased
at 80 per cent of it's gold value, or in the
bullion product from the smeIter. Sub
scription for the 10000 shares, at $780,
will close May 25th, 1899