The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-09-13
MISCELLANEOUS STO(
MARKET NOTES.

Il
Steel Company, back from his trip
abroad, states that the Federal Steel
Company has recently placed a con-
tract for street railway work in Edin-
burgh, Scotland, involving $3.50 900.
Flrmness is the dominant feeling in
the copper market, and 1S1ac for lake
is understood to be actually the inside
price for the superior quality of the
metal.
Chicago-Curb Dec. wheat 711s.
London, 2.30 - American market
opened quite firm at substantial ad-
vances all around, but lost advance
later, and is now inclined to heaviness
at a substantial decline from the open
ing.
Watson & Gibson-Although the
market was active and weak, the COM
mission business was light The sell
ing was largely professional Those
who hold stocks are in no humor to
sell.
Exports of copper from New York
yesterday aggregated 144 tons. Imports
of copper for the week ending Sept. s,
amounted to $40 tons and 2755 tons of
ore.
The reaction Monday shows a. total
shrinkage from highest prices in mark
ct value of 80 listed copper stocks
amounting to approximately SIS, 900, 900
from February, 1853.
London-Americans closed weak in
sympathy with New York
New York sub-treasury operations
show a loss to the banks since last Fri
day of So, 0S5, 900.
A Joplin, No, dispatch says that
smelters have not been burying zinc
ore so heavily as usual, but seem to be
taking advantage of the dull season to
IL 1 fAf -1s,k,, IL.
a result, last weeks ore sales were
considerably below the average, and
We're eleven carloads less than the pre-
ceding week and six carloads less than
during corresponding week last year. On
account of the increase in values, how
ever, last weeks output was nearly
$4,000 more than the correspon5ng
week last year. There was a drop of
81 in high-grade zinc ore, S44 per ton
being paid for the best ore in the bin.
The New England Gas and Coke
Company has sold all the coke that it
can deliver with the present capacity
of the Everett plant, and to accom-
modate the coke business thus far de-
Veloped, more ovens will have to be in
stalled. Four hundred additional
ovens can be installed within three
months at one-fifth the cost of the
resent plant. The Boston News Bureau
says that with the present demand for
coke, tar and ammonia the gas will be
wholly profit, so that the company
could operate the second 400 ovens,
should it let the gas run to waste. AS
a matter Of fact, however, gas connec-
tons with the Boston gas companies
| will be made the last of this or early
| part of next month
Concerning the drop in copper shares
| the Boston News Bureau says that
| there was no apparent raid" but per-
sistent liquidation Of long stock Brok-
ers generally discourage the purchase
| OF "coppers, and in many cases re-
fuse to carry on margin the lower priced
stocks. They argue that they are COM
| PEELED to take this course because the
banks will not take these stocks in
loans. The majority of the local cop
per shares saw their best prices in Feb
ruary last. March % quite asevere set
back occurred in the general copper
list. representing a shrinkage in selling
| value from previous high point of SCI,
| 100000. The reaction of yesterday
shows total shrinkage from highest
prices in market value of thirty listed
copper stocks amounting approximately
| to S75,000,00O.
One of Mr. Vanderbilt's closest asso-
| ciateS says: "Mr. Vanderbilt. ever
| since his first sickness, has been con-
cerned chiefly about his health and
| therefore steadily has been reducing
his interest in business. At the time of
his death he had no interest in Wall
street whatever, so that his death
should have nothing more than senti-
| mental effect at that centre. His rail-
| road and other properties are under
| the care of interests which have had
| full instructions as to his wish in re-
| gard to their disposition and know ex-
actly what to do in this emergency"
Export and through shipments to the
| Atlantic seaboard by eastbound roads
| from Chicago last week were SO. $50
tons, against 96,S51 tons the previous
week and S4573 tons in the week last
| year. Flour shipments 1862 tons.
against 1929; grain 1874, against ia. 713.
| The Worcester clearing house state
ment for yesterday, compared with the
| corresponding date in 1898, is as follows:
| 1898. 1899.
| Clearings ....$264. 1896 So 1929, 1863 6S
Balances ...... S9.140 II 4S909 IS