The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-09-10
MARKET NOTES.

The New York bank statement
showed decreased reserve of $6,732, 1926.
Gross earnings of the Massachusetts
electric companies for the month Of
August shows S32, 1867 increase.
The buying of the Anaconda in the
last few days has been the most signi-
ficant development of late in regard to
the copper situation. 1t is considered
evident that the stock sold by London
has been taken by insiders here. There
has been an attempt to buy the stock
as cheaply as possible. 1t has been ta-
ken as though it were wanted. 1t looks
very much as though insiders We're
quite Indifferent to the price Of Anal
gamated, and were simply willing to
wait developments in the trade.
In the railroad and industrial situa-
ton we can see nothing but good times
and prosperity, and the higher rates
for money shows plainly that our whole
business community is in a healthy
shape The most successful bull cam
paigns in Wall street were on the basis
of per cent. money rate.-Haight &
Freese.
Yesterdays market was lively for
specialties again. Manhattan up 2, T..
G. l. Z, c. f. /. IA, B. Q. Is, Arc. 661s,
much public interest.
Secretary Gage, asked about the
money market, said that he did not feel
at this time like anticipating any ac-
ton which the treasury department
might see fit to relieve the money sit
uation in New York
Officials of the B. R. T. & Co. say
that some of the new conductors nave
fieeced the company heavily recently.
Wholesale discharges have followed the
discovery. 1t is said that $4,000 repre-
sents the losses of the company. The
plan of the conductors was pocketing
fares not rung up.
1t is said that Samuel Newhouse was
paid $1,000,000 cash by the Standard Oil
people in lieu of his contract with the
Titan company, whereby he was to re-
ceive 10 per cent. royalty on the net
output of the mine.
Street rumor is that the Central offers
bonus of 1872 per share for an per
cent. lease of the B. & A, and the pro
tective committee asks $62 per share,
or it's equivalent, with an per cent.
lease. 1t is rumored that there may be
a compromise at $780,
Willett & Gray say relative to the
Sugar market: Competition between
refiners has become sharper. No con-
cession was offeEed on new business,
however. The prices of all the indie
pendent ref1neries of New York and
Philadelphia are now practically Lice.
below those of the Trust company.
The real out ofCthe situation is that
the public is not in the market, and big
operators, who have sold out their lines
of stocks are hoping to get them back
cheaper, and are not disposed to buy,
except on ecessions.-Corey, Milliken
& Co.
Within month the Gas & Coke Co.
will be supplying gas to all the Boston
gas companies, and will then be in a
position to run its plant to full capa-
city.
There is a firm appearance to the
copper market, with 1872 bottom notch
while in certain quarters 1S% has been
quoted. The trading from all accounts
is very moderate, but consumers are
not large purchasers at present rates.
The steady investment of money in
the face of the increasing calls for
money for use in general business is
also evidence of the enormous wealth
of the country.
F. R. Tibbitts-At the moment there
are indications of a sufficient reaction
in the market to brighten out most of
the weak holders In such an event
stocks would pass into stronger hands
and bull market undoubtedly result.
Europe may sell few of our securi-
ties that are covered on margin, but
has she not been doing this for years
and after all these sales, are not prices
higher? We can take all that they are
carrying on margins and ask for more
at the same price.