The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-07-08
MARKET NOTES.

| bOStOn curD prices: Amalgamated,
s6B; Fortuna, 6O@65c; Bay State Gas,
1-16@1%.
The demand for copper from Eng
| land, France and Belgium is increas-
| ing, and it is understood the negotia-
| lions are at present pending for the
| purchase of heavy amounts for consum-
ers in those countries, the purchase
| price being i8c.
| Holders of copper now ask 1S1ac. for
| lake. No business is reported at that
price yet, but sellers are not anxious,
as they realize The strong position of
the market. The mining companies
refuse to duplicate sales of a few days
| ago, and some of the producers won't
take any further orders.
The short interest in Sugar is again
| stated to be unusually large, much of
the interest being for Boston account
| PRESIDENT E. P. Ripley of the Atchi-
son is to be elected president of the
| san Francisco and San joaquin Valley
Railway, July Is.
Extra dividends are not only pre-
dlcted for Anaconda, but also for Am
algamated. The Amalganhated Com
pany is expected to pay quarterly div
idends of per cent beginning this fall.
II Is also said that during the present
| hgn Price for copper, extra dividends
Will tie Paid and the stock advanced to
handsome premium The best opin-
ion that can be obtained at the present
| time is that Anaconda goes into the
Amalgamated Company on the basis
OF three shares of Amalgamated for five
OF Anaconda. This is $50 per share,
out allowing SIS per share underwriting
on Amalgamated, Anaconda stands at
about 65 against 100 for Ama1gamated.
The Boston News Bureau quotes zone
| IN position to know the facts as saw
ing: The practical sale of the Boston
and Albany to the New York Central
Is due to the desire of President Bliss to
retlre from the railroad field, and to
leave Boston and Albany per cent
dividends assured Nobody knows
better thar President Bliss that With
out the New York Central traffic, the
Albany would be "a s per cent instead
of an per cent steelS.''
Ills now SAID that the total loss to
the Dominion Coat Company as the re-
suit OF the fire in the Caledonia mine.
| VIII not exceed SIS, 000
| Springfield, July lit is believed that
the Overman Wheel Company will be
able to erect reorganization soon and
gratlty Its creditors with a payment of
| $l5o,OOO on the three payments now
due. The remaining two payments.
| Whicn VIII amount to about $500, 900. ii
is expected will be secured by a mort
gage on the plant. Mr.. Overman is
believed to have plan in mind for re-
ORGANIZING the company which will in
sure It's continuance and, place the fac
tory as a competitor with the combina-
non Known as the American Bicycle
Company. He would reorganize the
company with about the same manage
ment as of old, secure the creditors
win a mortgage of about 100000 on the
pant; anu use the cash paid in on the
rev issue Of stock as working capital
IN placing anothnr Years stock of
wheels on The market.
Inere has been over 800, O00, 900 made
oy young men in Spokane, Washing
ton, during the past year, who have in
vested their money in. mining stocks.
In fact, there is no investment which
gives as great returns as money invest
ed In mining stocks. especially where
the property is developed beyond the
prospect stage. Graham. Garrett e %
promoters of the Syndicate" and
George Reed Gold Mining Co. of Spo-
Kane, Washington, have lately opened
up an Office at No SO Wall street, New
YORK. These gentlemen come highly
recommended, having references from
| every bank in Spokane as well as ont
sioe cities. Their mining properties are
Well developed; having hundreds Of tons
| OF ore on the DUMP and a large force
Of men at work. They have lately pur-
chased ten stamp mill, and In a short
| Tune 1t is believed these properties will
be paying big dividends. Forty DAYS
ago, the Syndicate stock was selling at
21s cents per share. 1t is now worth 10
cents per share, and by early spring II
is claimed this stock will be worth Il 90
per share. The George Reed property is
one or the greatest properties in the
Republic Camp, having a ledge 81 feet
wide, running the entire length of the
property. The. ore assasys from SIS to
$SO per ton; picked samples running as
nigh as $248 per TOM These stocks are
recommended as safe investment. and
all funds received from sale of treasury
stock will be honestly handled in de-
veloping the properties, placing them
on dividend-paying basis.
| F. Fl. Browning, representing the
company, is at the Bay State House.
and will be pleased to give any infor-
nation In regard to it. Mr.. Browning
comes highly recommended, and a talk
with him will be of interest, as he has
had a wide experience In the mining
interests Of the west and has lately re-.
| turned from Dawson, N. w. T.