The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-12-29
MISCELLANEOUS STOCKS.
Market Notes

Liquidation is the order of the day
and no decided change for the better.
especially in Coppers, can be expected
until matters between, the banks and
the U. 5. M. brokers are adjusted
Mr.. Eckies, in his Chicago address
OF Wednesday, gave his views on the
cause OF the financial panics. They were
due largely, he said, to the govern
ments tendency to let millions of dol
uries.
Chi. & E. Ill. stockholders. have rati-
ned the purchase of the E. Il. H. &
chicago and the Ind. Block Coal roads
previously operated under the lease.
Washington, Dec. ga dispatch to
the World says: Sec. Gage, frightened by
the storm of public disapproval Of his
act making the National City bank the
beneficiary of the entire interna. rev.
enue receipts of the governments, will
terminate his contract with the bank
within two weeks.
London adVices by mail reported a
strong demand for cash and January
copper fortnight ago, but subsequent
ly after a fair quantity changed hands
the demand was satisfied and prices
receded gradually.
The financial articles in the London
Times and other morning papers COM
which the arrangements for the Lon
don stock exchange settlements have
been made" The apprehensions. pre-
Vailing tor fortnight, of bankruptcy
and extremely tight money have not
been realized.
The announcement that the govern
ing board of the Boston stock exchange
mas voted not to interpose objections
to the admission of Thomas w Law
son to the brokerage firm of Allen, Ar
mold & Company. marks the climax of
the ambition of the copper magnate in
certain local directions and greatly in
terests the street. Mr.. Lawson has
never before been represented in the
Boston stock exchange, although he
has figured largely on the exchange in
New York.
Director of the Mint Roberts saws
the war in South Africa has not only
cut off remittances of about 81, 900 900
per week to London, but has compelled
heavy shipments the other way 1t
Is such a reversal of the regular and
anticipated order that makes the money
tight IN all centres until affairs are
adjusted to the new condition. The
world does not depend upon the Trans
vaal, however, for it's stock of gold
Colorado will produce more gold in 1900
than all North America yielded 10 years
ago. and this continent will yield more
gold next year than the whole world
did 10 years ago.
Reports from the Broadway bank
show that the work of reorganization
is progressing, and that it will prob
ably DE completed in a few days One
of the officials of the bank is quoted
as saying that the total impairment of
the capital of the bank would be less
than 100000. Bank Examiner Wing has
notified the officials that upon assn
rance Of the impairment being made
up the government will allow the bank
| to reopen. 1t is understood that nego-
tiations leading to the purchase of suf-
| ficient bank stock by New York con-
| Germ to make IN the deficit are under
| way.
| 1t is said on good authority that the
directors Of the Federal Steel Company
will shortly declare a dividend OF ga
per cent on the common stock. This
| dividend represents three quarterly div
| idends OF l IA per cent. 1t will be re-
nnembered that the directors of the
FederaiSteel Company declared quar-
terly dividend Of IA per cent, payable
July 20. but the dividend was enjoined
through the court. The company has