The Worcester spy., 1899-08-02
MARKET NOTES.

Inc pears still talk tight money witt
rates up to Is or 20 per cent, but ad
init that much depends upon the
amount of funds to be withdrawn by
the south and west for crop movements
and upon the course of exchange.
There is no change in the New York
gas war situation A large consumer
got a contract for two years, giving
MN VI the gas he wanted at so cents
per 1000
Since the fine general rain in Ne
hraska practically assured the new
crop the Nebraska railroads and other
hnes operating in the corn belt have
given orders to prepare to haul the corn
this winter The Union Pacific, Bur
Ilngton, Northwest and the Missouri
Pacific companies gave these orders
simultaneously. Another factor in
The situation is the movement east of
about 00,000000 bushels of old corn
that has been held in the corn belt
pending the certain condition of the
growing crop. About 90, ,000, 900 bushels
OF this corn is held in Nebraska.
Some of the copper kings" are
promising a better market for "cop-
pers' before the month of August has
elapsed, under the leadership of Anal
gamated. People will do well, however.
not to expect the next boom to spread
through the entire list of yellow dogs.'
The Pacific Northwest figures some
thing over 30,000,000 bushels of wheat
on hand at harvest, several millions
shortage.
The dangers to the market lie in the
market itself in the shape of over
speculation or over initiation of rela-
lively worthless stocks.
Watson & Gibson--We are still bulls
upon the situation, and would not be
surprised to see a more vigorous cam
paign on the bull side during August
than was seen in the same month last
year. The reduction in the rate of
sterling exchange was one of the most
important factors. and it certainly not
only points to a cessation of exports
of gold, but it looks very much as if
before many weeks elapse we might be
importing gold again.
The Union Pacific has secured control
of the new Wyoming Southern. The
bonds were underwritten by the In
ternational Trust Company of Boston.
The capital of the new company is
S2,0Q0,000, half in bonds and the balance
in stock,
This Arcadian started one stamp yes
terday morning; mill running nicely
gentleman representing one of the
fN1J SIfSL Al4NCISGlN 1Ll ID. O. "A. STOCK
and not an official of the road, saws:
THE danger is that if the opposition
is unsuccessful the result will be less
favorable terms than now can be se-
cured"
At the special meeting Of the stock
holders of the Diamond Match Com
pany, it Was unanimously voted to M
crease the capital stock from $11.000.-
900 to si5,000,O0 900; s6,092 Of a total Of
about 10000 shares were represented.
The directory was increased from to
Z 1t Is said that Edwin Gould and
James Hopkins will be the new diree-
tors.
No move is looked for in the Central
Massachusetts-B Boston g. Maine Mtiga-
tion before october. Aug. Z is the date
fixed by the court as hearing day on
the Central Massachusetts bill The
Boston q Maine have ten DAYS there
after to file an appearance and 80 days
after the filing Of an appearance to file
an answer SO that it will probably be
some time in October before anything
definite IS determined The matter will
then probably be referred to a master.
1t is considered somewhat strange
that there has not been a sale of Cen
tral Massachusetts common or pre-
ferred stock except ten share lots in
some weeks. There is said to be prao-
tically no floating stock in the market.
It having all been absorbed by the in
terests back of the movement to break
the lease.
The prospective change in the New
England railroad map is a source of
gratlf1cation to the Central Massachu-
setts people who believe that il means
more aggressive railroad policy which
will not be without benefit to the Cen
trail Massachusetts,