The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-06-30
MISCELLANEOUS
MARKET NOTES.

A New York house says the stool
market is in strong hands, although tn,
bears do not appreciate the fact.
The copper situation differs widely
from that of 1897. The production o.
copper in the United States in 1897 wa:
81. OH tons; in 1888 it was 101 .054 tons
in 1899, 1912 tons. In 1898 the pro
ductlon of the United States was 235,-
100 tons, the net foreign imports (fret
of duty) were Ala tons. The home
consumption in 1898 is estimated al
114000 tons, and the exports of domestic
copper were 1874 3S7 tons, making a tota
of 24S,SS tons, leaving on Dec. 81 ar
apparent stock on hand of that years
production and imports of only 300 tons
while the average rate of consumption
was 2l92 tons per week. The advance
in the price was the natural sequence
of the discovery that the demand was
in excess of the supply.
A prominent Boston banker says:
Now that the consolidation fever is
on, why should not the Pennsylvania
r. R. Co. give 200 in its p. c. bonds
for the shares of the c., B. & Q. R. R?
This would give holders of c., B. & O.
the equivalent of about SITS in cash for
each share of their stock"
The Arnold mine has started up its
second stamp and local management
expresses condolences in ability to keep
both stamps running full time. Arnold
people claim to be doing better than
ever before.
1t was reported that some sort of
truce had been arranged between the
warning gas companies, and that next
month the price of gas would be re-
stored to 81. President Sage of Stand
ard Gas Light company said regarding
the report: 1T is not true, but 1 wish
it We're"
J. S Bache & Co: AS. regards the
general list. we are still on the bull
side of the market; the outside public
is beginning to buy freely and ought to
carry the market higher before a re-
action sets in.
Private crop advices were not encour-
aging and there was some talk of a dis
appointing May statement from the
Burlington.
There has recently been inside buy
ing of Missouri Pacific on the improved
prospects of the company.
The reported combination of coal
companies of Pittsburg district is con-
firmed by ], H, Jones, one of most
prominent coal operators in that re-
gion.
The head of one of the largest bank
ing houses on Wall street, says: I'VE
are getting ready for another general
upward movement ir the prices of Sc
curities. The question as to the invest
ing of this money will sooner or later
be a serious one, and New York, which
has heretofore stood aloof from indus
trials, viii certainly find that it cannot
continue in this attitude"
The Boston exchange will adjourn
from noon Saturday until 10 a. m.
July 3.
Mr.. Morton in a letter says: In max
ing this change from Morton, Bliss &
Co., to the Morton, Frost Co, it is to
preserve as an inheritance for my
children some of the results of a life
time in the financial world, which would
otherwise disappear with the final dis
solution of the firm.
The $3450O Quiucy's 312 p. c. 5-year
1l24 months average improvement
bonds were awarded to E. H. Rollins &
Sons. at I01 916.
While money is a shade firmer in
New York, there is no indication of any
thing but ease locally. Several banks
are putting out money over July al
p. c., though this rate is quoted to a
comparatively few houses and requires
exceptionally good collateral.