The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-08-30
MARKET NOTES.

Copper Range railroad was received
Monday. The companys labor agent
has gone to Tennessee to hire 200 ne
groes, it being impossible to secure
white labor at the lake.
In the outside list Mayflower was
quoted 5@6; Elm River, Hop; Anal
gamated, 9613@9715; Boston Consolidat-
ed, 1903; Bay State Gas, 15-16G$1;
Little Tiger, $1.40Q$1.45; Fortuna, 42lac
London cablegram says: Business
on the stock exchange today was dull.
Kaftirs were particularly depressed and
dropping, owing to increasing appre-
tensions in regard to the Transvaal cri-
sis
Wall street has it that a preferred
stock dividend of 315 per cent will be
declared by the Continental Tobacco
Company before Oct. l.
John R. Stanton is reported as saying
that the Atlantic will resume the pay
ment of dividends next February
Boston & Providence sold at 305 yes
terday netting the investor 3.S3SS per
cent
Reports that Chicago & Eastern Il
linois common stock may be placed up
on 6 per cent dividend basis are not
accredited by Boston interests in the
company, as it is the disposition of the
management to maintain the common
stock as sure per cent dividend
payer. 1t is believed that it is only
question of time when the Chicago &
Eastern Illinois will be absorbed by
some larger road, possibly the Louis
vile & Nashville, or will form the basis
of consolidation of the Mobile & Ohio
and st. Louis Southwestern roads into
one system.
1t is stated that H. NJ. Whitney has
secured practically all money needed for
the Dominion iron and steel enterprise
from Canada, Canadian banks taking
all the bonds and advancing the money
for them. There were but three under
writer's in the city of Boston. The Do
minion government allows a bounty
until 1907 of $3.50 per ton on steel ana
$3.50 per ton on iron. This bounty places
the company beyond the range of com
petition until it's works are well estab-
lshed.
A New York dispatch says: 1t is be-
lieved in England that the Amalgamat-
ed Copper Company is buying copper
largely, as we'll as purchasing and OPP
Grating copper mines. The British view
OF the situation is that the Amalgamat-
ed Copper Company is duplicating the
operations of the Secretan syndicate Of
1887, and that if English consumers can
be persuaded to hold off long enough
they can break the market just as they
Gid in 1883.
New York curb prices: Amalgamat-
ed, 96q97; Amsterdam Gas, 94@Jb: pre-
ferred, 594a Vehicle, 109611; preferred.
1928; Bay State Gas, 2@1s; New York
Transportation, 24@25; New England
Transportation, 10QA; Illinois Trans
portation, SOY; Air Power, 1904; Rub
Der Goods, 35Q6; preferred, 9Ok091;
Standard Oil 4620464.
ri CIT
Strength is noticed in spots. and in no
direction is there any pronounced signs
OF weakness. 1t is a traders market.
Another war on eastbound freight has
been inaugurated. The discovery was
made that the Michigan Central had is
sued new tariff on oats for domestic
use to take effect on Aug. 80. The new
rates are on the basis of 15c. a 100 Chi
cago to New York, II Chicago to Bos-
ton, IL to Philadelphia and u to Balti-
more and Newport News. This is a cut
of &c and makes the new rates the
same on domestic shipments as on ex-
ports. NJ. c. says 1t merely met the
rate made secretly by other roads.
Russell Sage says: 1T is fair to pre-
sumo that the next two or three months
viii see substantial per cent money
market. OF course, there may be tenn
porary deviations, but in my opinion
the market should be steady, with
good volume of business at about that
rate"
The Massachusetts LIQUID Air Com
pany, as win be seen by the advertis-
ing columns on The Spy's financial
page, have instituted an agency in this
city for the sale of their stock They
invite the most careful inquiry on the
part of investors. Certificates of its
treasury stock, full paid and non-as-
sessable.. par value $40, are offered at
81 per share. The company will be
capItallzed at Sl0O0,G00, divided into
100000 shares. The primary Mani ie
located at 366 Atlantic avenue, Boston,
Where the machinery is being tested. II
is the declared intention of the com
pany to advance the stock to $40 Der
share at once. The headquarters of
the Worcester agency are at rooms
l2O-121 Walker building.