The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-08-27
MARKET NOTES.

A man closely connected with the
management of the E. Boston Co. says
the proposed Central lease of the AL
bany forms no basis for an advance in
the stock OF the Z. B., Co.
The net profits of the Wire Trust last
year amount to $1,S00,000 which is an
increase Of 80 1-S over the previous
year.
On the decline the early part of the
week the public entered the market to
quite an extent; in fact, commission
business has been better this week
than for some time all of which indi-
Gates that the market is in position 10
nave substantial advance when all
forces are arrayed on the upside, which
they are at present.-Corey, Milliken &
Co.
A Leather trust man says that on the
trade conditions and earnings the pre-
1erred stock should be selling at IS. for
the company is doing the largest bust
ness in its history, but beyond this. the
matter of adjusting the accumulated
dividends on the preferred stock Is
receiving attention. If an equitable de-
cision is arrived at in this matter. the
common stock may sell in the POS and
the preferred in the neighborhood Of
80. u
Big Sugar insiders are said to he maxi
While cutting of trade prices is costing
the trust many thousands of dollars
every day.
Earnings are the most reliable kew to
security values, and the former will
count not matter how the market is
temporarily manipulated. Security
holders in the long run are bound to he
the penencfaries of Increased traffic.
ana our clients following our advice to
(YranQorC
so. X. r., and Reading issues, have ali
peen on the comfortable side of the
market. The outlook in our opinion
SUN faVors a higher range of prices for
these securities, because the money
market has all the signs of keepinf AZ
low rate, and business and railroad
conditions were never in better shane
Inc returns to investors from the Sc
curity market will continue liberal ana
we are confident that this is a neriod
when holding securities of merit is
fnuch more profitable than holding mo-
ney.-Haight & Freese.
The Novoc Vremya of st. Petershuro
declares that the scarcity of money in
Europe IS due to the continual drain If
foreign investments in recent years
Since the signing Of the Chino-Japan-
ese treaty II says, China and Japan
nave absorbed 2,S55 000 600 rublas
of European money. Thus Russia no .
invested in Shina and Siberia 100 0ol ooG
rupiesi France, in China and Tongking
$4,000, 600; England, in China lamar
and the African gold mines, 2,f4O. 900 900
Germany, in China, 100, 100000. and Rel,
gum, in the Congo As, 900, 900. (The m
PIE Is equal to SIS cents American,)
The ~ Y. bank statement showed :,
surplus decrease of so, zoo. 900 and an in
crease of 100000 in loans; of Sc. 0oo ooo
in deposits. y''VOO'VoV
Holiday in London.
A private New York 6ispatch ouo+as
authority in Federal Steel as savinc
that action in September on Federal
steel dividends, both common and mo
ferred,- VIII depend on the courts
sugar was sold on run1ors that tba
American Co. would make another re-
auction in prices within a few DAYS
OHcers of the company declined m say,
anything on the subject
Semi-annual interest and divida,d
payments in Boston next month az
compiled by j. G.. Martin win aoore !
gate $3.50 476, compared with az 5oS a9e
| in September, 1898. In March 1900 A..
aggregate was $685., 92s. and was IN
creased by reason of payments IF
principal and the extra dividend of The
Calumet & Hecla. VI 'ne
Boston curb prices: New England
Gas & Coke 2SQ2s1s; IS s50S6. Amaiea1
mated 97Q9S; Bay State Gas 1SDI 1eie.
Montana Coal & Coke 10: Little Tiee,
| lAQlss; Mayfiower 5R@6; Fortuna AZ