The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-08-13
MARKET NOTES.

The New York bank statement
showed reserve inc. $6,2S4,775.
Isle Royale, Hohawk, Elm River. Adj
venture, Copper Range Mass. CONSOLE
dated Michigan, and all the recently
organized mining properties which lay
in the same "amygdalold lode" or
Hdlabase dyke" as the Arcadian prop
critics are all showing up well, and are
opening slowly but in a mining-like
style. Isle Royale has done wonderful
Work-has lots of ground opened out
put here again does Capt. ParneIl show
his knowledge and ability as mining
man. He wants to see a mine and have
a year or two reserve of ore ahead be-
fore he advises the spending of money
for mill
There is an underlying belief that
When the money now making in trade
and the money held in preparation for
moving the crops find their way back
70 the centers security prices will reflect
the present phenomenal prosperity
Chicago-Snow says: Condition of
corn this time is the best noted since
the corn was planted. Situation in Kan
sas is not so assuring. For 10 DAVIS
southern and southeastern Kansas
counties have had no rain and very high
temp aratures.
Watson & Gibson-We cannot learn,
after communicating with some of the
most important banks in the city by
telephone, of any material change in
their condition. Most of them express
the opinion that there will be plenty of
money to go around, and that rates
will not be excessive.
Granger issues are affected by the
low percentages of spring wheat, as
shown by the government crop report
The ease in call loans in New York
has been very marked during the week
and rates have declined to a basis of
something like p. c. This is the result
of the western offerings more than Of
anything else. There is an impression,
however, that the trust com oanies have
aided in bringing about the situation.
Chicago-Sept. wheat opened 703s 90
IOA, off Is; Sept. oats 1875; May oats
21A; Dew. wheat 72%
+ The New England Electric Power
company, which controls the Manches :
ter Street Railway company is seeking
to amalgamate all the electrical inter-
ests of Manchester, and to that end is
otfering to exchange stock of the New
England company for stock of the Man
chester Electric company Capitalized
for S400,000) on the basis of six shares
of Power company for five shares
Of Electric company stock. To do this
the New England Electric Power com
pany will increase it's capital from
100000 to $1,OO0,0O0.
1t Is stated that the gross earnings Of
the Erie Telephone system for the six
months ending June 90 exceeded the
corresponding six months of last year
by $4,000, and it is estimated that the
gross for 1899 will be $4,000, 900, an in
crease of $4,000 over 1898.
The interests which advanced Sugar
some time ago have been marketing
stock about 164. The policy has been 10
hold the price and sell what the market
would take. A trader who has made
money on the advance, says: my i'm
preston is that Sugar will not go much
higher and will before long run back
about 10 points"
People close to w. X. Vanderbilt are
credited with orders to buy N. Y. c.,
Northwest and Omaha.
Boston curb prices: Fortuna 4004215,
Little Tiger 9O@921a. Amalgamated
971a @9sh, New England Gas & Coke
80, 2S1s@3O, otto IS 50 bid. Bay State
Gas 1918.