The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-10-19
MARKET NOTES.

Insiders in Pullman are considerably
exercised over the advance in the
stock. They say they know nothing
of any plan looking TO a consolidation
Of the Pullman and Wagner companies.
Cash copper is the weak feature
in the market, and although quoted
nominally at 1Sc, this figure would be
shaded for prompt cash. Dizziness is
pronounced, and buyers generally have
adopted the waiting policy.
Talk about the bank statement con-
tlnues pessimistic. Notwithstanding
government payments in anticipation
of interest, the banks have lost this
week to the sub-treasury about $500, 900.
]. S. Bache & Co.-The undertone of
speculation gives evidence, we think,
Of quiet buying which will eventually
lead up to higher prices For the
present, however, we think it advisable
to take profits on all strong rallies.
Watson & Gibson-The fact of the
matter is that the bears have sold the
market down to a point where liquida-
ton has practically ceased and they
must now do great deal of talking to
try TO influence those who have been
courageous and strong enough to hold
on, to now let go at the 18th hour.
Outside prices: Boston Con, So 661b;
Elm River sou; Coke, 22%@24; SIS.
76Q7S; Little Tiger, $1.90@192
The new American Wooden Company
Is to break ground Immediately for a
large plant at Concord Junction. It is
to be the largest mill in the country for
wooden goods. The company now uses
about 125,000000 pounds of wool annual
ly.
Mr.. Coram says that he cannot tell
when Cochiti will become dividend
earning. 1t is earning about $4,000 a
month now, but spending more in in
creasing the reduction expenses. CO.
chit is gold producing, and Coram has
no cause to worry for the market of its
produce.
Eighty-one automobile companies
have been organized with an authorized
capital Of S430, 000,0 00 The paid in
capital is Insignificant compared with
the foregoing, although the percentage
differs widely in the case of individual
companies.
Pittsburg advises that the Union
Steel Company has been organized to
compete with the American Steel &
Wire Company The latter company
has now practical control of the field.
The new company starts with 81 zoo. 600
capital and authority to make it S.
900 600
The recent report coming from New
York of the union of the Boston & AL
Dduy anu fIlCnDuTS ROADS as a posi-
bility of the near future, and which
quickly called out an emphatic denial,
was, it appears, the suggestion of GER
tain B. & A. stockholders. Those peo-
pie devised the plan for scaling the
Fitchburg preferred and common stock
and the issuance of the new consolidate
ed stock to be divided into classes A, b
and G, the first named to be given for
the Boston & Albany stock and to paw
dividends at the rate of per cent; the
second to take the place of Fitchburg
preferred and to pay per cent, and the
third to be given for the F'itchburg
common. The plan further provided for
the refunding of the debt of the above
company on a per cent basis.
The bleatings of the poor copper
mine lambs are pathetic. The "day Of
reckoning" for the full initiation of the
cheaper copper has been long time in
coming in, but it has apparently ar
rived at last.
Somebody stated a little while ago
that the Arcadian would soon cross 100,
the Montana touch AIS and Butte 100
Nobody is making predictions now. 1t
must have been dream.