The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-05-11
MARKET NOTES.

On the curb yesterday Amalgamated
was quoted at 991s@1OO; Bay State Gas
at 11b@15s; Standard Oil, 4.S5@490; In
do-Egyptian Compress, S7@45.
At the annual meeting of the Next
can Telephone company in New York
yesterday the present board of direc-
tors were reelected.
Calumet G. Hecla is running 20 of the
% steam stamps contained in its TWO
stamp mills as compared with 10
stamps one year ago, an increase OF 70
per cent. in production. AS Calumet &
Hecla is sold ahead for some months at
$780,, and as cost of production is rath-
er under than over &c per pound, the ac-
tual net profits of the mine on present
base of production exceeds $1,0O0,OOO per
month. With the exception of the COM
bined mines of the Comstock lode in the
middle seventies, no such profit has ev-
er before been earned by any mine in
the world.
President futile of the B. & M. says
that the story coming from Cleveland
about a big railroad combination which
is to take in all the roads of New Eng
land looks to him an emanation from an
extremely vivid imagination.
About $4,000, 600 has been paid in on
Amalgamated Copper subscriptions,
leaving about 6O,0O0,OOO to be paid in by
May %.
Z The operations Of the New York, New
Haven & Hartford Railroad company,
including those of the New England
lines, for the quarter ending March 81,
make a very gratifying exhibit. 1t is
in the best on record for this particular
quarter.
How margins are melting these days!
The present figures for most of the
specialties, may look very cheap within
the next few days.
The story about Atchison manage
ment not paying another dividend on
preferred this year has proved to be
only a bear" yarn.
The market events in the price of
zinc, like that of copper, are arousing
very great interest in mining circles.
New uses have already increased the
demand for it. The metal figures very
largely in electrical works. The great
zinc fields of the world are within 10
miles of Joplin, Missouri. The Berlin
mines, the chief supply of the Euro
pean markets, are practically mex
haustible.
The story of the pillow trust with $65,-
900, 900 capital, is now practically denied.
It will be remembered that this was the
combine in which the Ames company
was solicited to enter. The only truth
there is to this rumor is that the pillow
makers have agreed upon a 10 per cent.
advance in prices.
The trust companies in New Eng
land, without exception, are in re-
markably f1ourishing condition. All are
prosperous and it is very seldom that
their shares appear upon the market.
Tom Johnson, who made a colossal
fortune in street railway monopolies,
is to devote the remainder of his life
to fighting monopolies and philan-
thropy. Andrew Carnegie, who is sell
ing out his interest in the souless cor
poration of his own creation for $780,
900, 0OO is going to spend the remainder
of his life doing the same thing. OF
course we do not wish to draw any
disrespectful comparisons, but the atti'
tudes of these two distinguished capt.
tlists and philanthropists remind us
Of another eminent gentleman fittingly
spoken of in these lines:
when the devil was sick, the devil a
monk would be;
When the devil was well, the devil a
monk was he"