The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-10-25
MARKET NOTES.

II is Understood that the Nanderbilts
contemplate controlling interest in
the Fitchburg road. While they own no
stock in the Boston and Albany, they
nave been accommodating Fitchburg
stock for some years, and although the
stock Is not yet registered in their
name, it is understood that they are
owners Of about one-third of Fftchburg
| preferred stock, Notwithstanding.
| The trustees and members of the ex-
| ecutiVe committee of the Massachusetts
electric companies have inspected the
! company lines. They have found the
! property in good shape. The earnings
continue to show substantial increases.
with constantly increasing operating
economies resulting from consolidation,
| especially in the purchase of supplies.
insurance and management expenses.
1t is more than likely that the Wag-
| ner stockholders will accmept their
payment in Pullman stock, instead of
the $3.50 per share now offered The
stock of the Wagner company is sell
! ing nominally around POS, with the
Pullman shares in the same neighbor-
hood.
One of the market reports Just now
has it that the Vanderbilt holdings of
Fttchburg railroad preferred stock ag-
gregates one-third of the entire issue
although much of the stock is not regis
tered in their family name
The brokers all say that by next
month the money scare will be over and
higher prices made. That is undoubt.
edly true of stocks in which the public
4 reels that 1t is treated fairly That is
the cheap thing that hurts the trusts
and puts load on copper shares
There are too much blind pools.
| The slump in the price of speculative
copper in London, together with the
confirmation of Boer success in South
Africa, caused more weakness in the
stock markets. There was little life
in transactions. a slow liquidation anf
desire OF holders to get out was the
chief feature.
Exports of copper from New York
yesterday aggregated 440 tons.
IL IS felt that unless the Standard oil
crowd, which is known to be CARRYING
heaVy lines of coppers, acquired a few
months ago at inflated prices, comes tC
the support of coppers, there is serious
Danger OF a bad smash in this branch
of speculation.
The addition Of SIS. 000, 900 to tho ran.
ital stock of N. Y. Central system was
voted unanimously on Recommendation n
W. K, Vanderbilt. w. X. Vanderbilt Is
said to have advanced the money fo,
the new equipment, much of which i,
now in use Under the terms of the ad.
vance he was to be paid at the rate n
100000 a year.
But the new equipment did not NEE
the demands, and it was decided to in.
crease the capital stock $4,000 900. Of
this So 100000 is to be turned over IN M,
Vanderbilt and $40, 0OO. 600 used FOR tb,
purchase of additional rolling stock
The Central stockholders will saw,
about 100000 a year in interest on tht
new stock
Outside-Helvetia 12@1a. Boston Con
solidated COZ, Elm River 768. Centen.
nial-Eureka 30@31. Amalgamated 871b6
SS1a, Navajo So bid.
wan street gossip yesterday talked n
a lease Of the Lackawanna to the Ter
sey Central for ninety-nine years, tht
latter to assume all fixed charges anr
guarantee the stockholders seven ne,
cent on their stock. President Trues
dale said yesterday: II know nothine
about it,"
commenting on comparison of Oh
Grating statistics between the c. r <
O. and the Atchison the Boston News
Bureau says: To make a proper com.
parison between Chicago. Burlington
q quincy and almost any other road
one must add to the surplus about 81, 200.
600, which is paid into the sinking fund
and which is earned by bonds in the
sinking funds. This, added to Chicago
Burlington & Quincy makes its stock
net earnings nearly $S000O 900, or not
quite twice the net earnings of Atchi-
son stock. 1t is worthy of note. how
ever, that dollar for dollar, the net
earnings of Chicago, Burlington &
Quincy as expressed in share values,
are selling for less money than the net
earnings of Atchison as expressed in
share values. Or, stated otherwise. the
l$S,0000O0 of Chicago, Burlington G. Quin-
cy earnings over interest charges are
selling in Chicago, Burlington & Quincy
stock for $125,0OO,0OO, and $4,1SS, 900 of
surplus earnings above charges in
Atchson are selling for S72,OOO,O 0O or
including the common stock for $685.
.