The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-07-27
MARKET NOTES.

N"it'Ot S Gloit- ne underlying du-
vancing tendency that has been dis
played during the last two days. in
spite of great dulness, is the best indi-
eaton that the market only needs an
active leader to start it upon a further
and more lasting advance.
The Columbian bank in liquidation
mas paid so per cent and now announces
dividend Of u per cent Aug. l. The
syndicate paid So for this bank and
VIII make a small profit on it.
Dick Bros. & Co.-Bull leaders are
talking OF another upward swing, and
as bear operators failed to bring about
lower range of prices we believe that
the bulls are to have an inning for the
next few months.
A prominent interest in Atchison
says; THE Atchison road has hauled
little or no corn in the last three years,
but this year it IS face to face with the
prospect of hauling an enormous guam
tity."
Sales of lake copper have been made
at 1S1zc. for future deliveries. Some
producing interests and holders Of lake
decline, however, to offer at those fig
ures, being content to await further de-
velopments. Spot cash is very scarce,
and may almost be said to be unobtain-
able.
The factors which make for a bull
market are certainly very powerful, but
in the face of them there is hesitancy
in buying
Buying Rock Island this week is ac-
counted good, and is believed to be
based upon a possibility that the divi-
dend may be increased some time this
fall.
Chicago Sept. wheat on the curb
71AQ7%.
No. 10 shaft, South Hecla branch of
Calumet e. Hecla, shows richest copper
ground ever opened in any mine Much
OF rock is being shipped direct to
smelter, being too rich for stamping,
ranging from sc to 50 per cent pure
metal.
A gentleman active in the sugar trade
says: The increased consumption of
sugar | figure at 1877, 900 tons or II per
cent. The entire total of that increase
goes to the trust because other ref1ners
have been closed half the time The
sugar Company never had as large a
volume or business as it has this year.
The trunk line stocks, noticeably
pennsylvania and New York Central,
are moving higher on a buying i'm
pulse coming from some of the best
houses in the street.
1t is strongly intimated that this buy
ing feFeshadows important news af.
fecting the whole trunk line group.
The management Of the Burlington
continues to be criticised for what some
people consider poor finance in SELL
ing at par 31a per cent bond worth
more than par and giving as bonus
portion Of common stock. The critics
Seem almost to forget that these bonds
We're sold only to the c., B. & Q. stock
holders and that in giving stockholders
the opportunity of taking a 31b per
cent bond at par together with a stock
bonus, they were in reality giving to
the shareholders something beyond 6
per cent dividends.
Boston curb prices: Amalgamated
Copper 97@97%, Fortuna Soc, Elm Riv-
er liz, Mayflower 6s4 @712, New Eng
land Gas & Coke 21@22, do IS 77@S0;
Bay State Gas l.
New York curb prices: Standard Oil
4S3@46S New England Vehicle $40
1o3k, Amalgamated 97% @9Sk, Bay
state Gas 1902, Mexican bonds 1000
1904 New York Transportation 21A6
%, Rubber Goods 3O1kQs1A do. pre-
ferred s6@s7.
The deeds to all of the companies
constituting the American Writing Pa
per Company have been handed in to-
day, and the properties have all been
paid for. In addition to the mills
which appeared in the circular of Lee,
Higginson & Co., as constituting this
SOAlUiHdtlOAl, the COlilpdHy mas acquired
the Wauregan Paper Company of Hol-
yoke, of which James H Newton is
president. This is a modern mill and
in good condition and adds to the
strength Of the company. No additional
securities have been issued to pay for
this property.
The directors of the American Writ
ing Paper Company held a meeting yes
terday ii Boston and elected the fol-
-fY1rr
B. Holbrook, president of the Beebe &
Holbrook Co., Holyoke, Mass; w. w.
Caldwell, treasurer Riverside Paper
Co., Franklin, Mass; Clarence H.
Harding, secretary Harding Paper Co.,
Franklin, Mass; c. A. Croker, presid-
ent of Croker Mfg. Co, Holyoke,
Mass, Aaron Bagg, president of Par
sons Paper Co., Holyoke, Mass. These
men are all practical paper manufac-
turers and by their election thorough
ly capable and efficient management of
the affairs of the company is assured.