The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-09-20
MARKET NOTES.

and Wire says: The directors meeting
was largely routine in character. No
action on the common stock dividend
was taken, as it has been decided that
there is a question about legality of
declaring dividends on common before
end of years business. No further
public statement of earnings will be
made until first annual statement is
ready to be submitted to stockholders.
The company has declared a quarterly
dividend of ia per cent on its pre-
ferred stock.
William Rockefeller was yesterday
elected a member of the board of direc-
tors of the New York Central railroad
Company, to succeed the late Cornelius
Vanderbilt
William K. Vanderbilt succeeds his
brother as president of the New York
and Harlem Railroad.
1t is market that checks-public buy
ing and encourages the large profess
sional interests to force liquidation in
order to. accumulate stocks. That the
buying is better than the selling goes
without saying.
st. Paul was Soldeonrthe theory that it
had been put up as a p c. stock, but
as : p. C. stock ought to sell several
points below Burlington.
London, 2.S0-American steady, with
no particular features.
+. II. Prince has returned from a fly
ing trip to London. Asked whae he
learned abroad, he replied: Il learned
one thing concerning the exports of
American manufactures, and that is
they are largely due to the crowded
condition of English and European fac
tories. The industrial conditions pre-
valling in the United States today are
found abroad. The cotton, wool ana
iron mills of England are driven 20
their full capacity. English railroad
securities and good bonds have gone
out of the market They simply can
not be had. English bankers have all
made money in American underwriting,
and American securities are more ac-
tive and stand better in England today
than for many months past; in fact,
American securities have been more
active of late and show larger profits
in the English markets than any other
class of securities"
The New York Daily Stakeholder,
supposed to express Keene's views SAYS
AS to the process of further liuulda-
ton there is plenty of room for it. The
market will be refreshed if it does NOT
stop until all the rottenness has been
completely eliminated from the specu-
lative situation There will be a good
opportunity then for stocks of merit to
advance, and to show improvement ev-
en- over their best figures made this
year.
Bankers expect that money will be-
gin to return from the west before the
week is out
The copper market is firm at 1S1bc.
but new business in lake is not very
sctive, although a good demand is re-
ported for the low grade copper for
casting purposes.
Messrs. w. ]. Sargent Sons, Lon
don, in their metal circular of Sept. Z.
say: The copper market has been stag
nant and the dealings on the smallest
scale probably for years past, The mar
ket has, however, kept wonderfully
| steady, and at the close showed rather
an advancing tendency.
London-War risks on eonsignments
TO Transvaal were quoted at a premium
of 50 p. C. yesterday.
The comptroller of the currency re-
ceived yesterday applications for in
crease of circulation from four New
York banks amounting to about 81 900
900. Yesterday the amount was aboII+
S25O000. This action on the part of the
city banks is not at all unusual at this
| season of the year and, so far as known
at the treasury department, there is no
| concerted movement to increase circu-
lation.
bankers are generally of the opinion
that the position is essentially sound
and no further forced LIQUIDATION of
magnitude need be apprehended un-
less something altogether unforeseen
| occurs
New York curb prices: Amalgamat-
ed Copper S9Q1a; Bay State Gas l%@M:
Vehicle 9S@104; New York Transports-
| ton 1S1aQ19A New England Transpor-
tation 712@S1a; Illinois Transportation
4Q5; Standard Oil new 459@61; old 4e1
@65; Rubber Goods SOA @S1, preferred
Boston curb prices: AmaIgamated
89Q9O; Bay State Gas soc; Fortuna rs
Q4Oc; Montana Coal & Coke 1OlA nil.
Centennial-Eureka 34@35; New England
Gas & Coke 29@31; Little Tiger LOO
$I.lo; Boston Consolidated 71aMS1k
The directors of the New York Cen
tral railroad yesterday declared the reg
ular quarterly dividend of per cent
and William Rockefeller was elected a
director, succeeding the late Cornelius
Vanderbilt
The Worcester clearing house state
ment yesterday, compared with the cor
responding day Of 1898, was as follows
1898. 1893.
Clearings.. $3.50, 269 20 S241 OH 70
gaI o.