The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-08-04

MARKET NOTES.

A feature in the lending of money
was the presence of a large block OF
money for the account of the west
Sugar was active and notable strong
the advance being based upon the re-
viVal of the rumor of an agreement be-
tween the Arbucbles and the trust
This rumor was due to the fact that
both companies have issued almost
Identical circulars to the jobbers and
brokers', advising them to make con-
tracts for their fall supply of sugar, as
owning to the heavy demand which ex-
lists between Aug. Is and Oct. /, there
may be considerable difficulty in filling
orders unless they are placed in good
time.
Osceola will be able to start its new
mil in eight weeks, perhaps a little
less
Quincy is employing 1850 men, the lar
gest force in the history of the mine.
The single head at Arcadian mill is
treating more rock than was anticipat-
ed and will easily handle over 500 tons
a day. This is the newest and conse-
quently the best mill in the district
A. r. Flower says: Il believe indus
trial stocks. are coming to the front.
those who invest in industrial preferred
stocks are as sure of their dividends as
they would be in any railroad stock
It develops that the negotiations sat
isfactorily progressing toward a set
Element of the sugar trade war are in
the hands of two important members
of the Standard Oil Co. Messrs. Rookie
Teller, Mr. RACERS and Mr.. Flagler are
now said to be the largest holders of
Sugar Trust stock.
The late weakness in Massachusetts
electric companies stock is said to have
been due to liquidation by a prominent
state official who turned over a num-
Der of street roads, accepting stock of
the Massachusetts Co. in payment.
There has been quiet absorption of
both the common and preferred stock
by investors
Chicago-Sept. wheat opened $3.50
6915, off u; Sept. corn 30ss @301s, Sept.
oats 1914 @19ss.
Shipments of gold to Canada have
been made by the Canada branch banks
in New York city for the last few days.
The movement is spoken of as a pre-
cautionary one, the purpose being to al
ay ali alarm in Montreal The Bank
.of Montreal shipped about 100000, and
the British Bank of North America
about S350,0O0. The Canadian Bank of
Commerce is also understood to have
shipped large amount
A New York dispatch says: The
SSiANSHoSu udldHce sheet or the Inter-
national Paper Company, as of June 80
was somewhat of a disappointment to
those who have followed closely the
operations of the company. The total
active assets, S7,S2S,66S, are less than
the present outstanding issue of con
solidated mortgage per cent bonds
which amount to 1855, 122, and which
were sold for the purpose of providing
working capital. 1t is evident thai
either these bonds were disposed of al
low figures or that the present quick
assets of the company are less thar
the original working capital. This diff
ference is still more pronounced wher
the present current liabilities of 81, O62,.
9sT are taken into account. For much
Of this difference was caused by pur.
chases of woodlands, ETC., which were
not capitalized
The United States Oil Co received &
check this week for 1921, 900 represent.
ing last weeks output of crude oil
The company's output is fast reaching
the 5000 barrel per day mark, although
it's 1000 barrel per day gusher has turn.
ed into so barrel per day we'll. TIL,
company is now receiving an averag,
price of $1.3O per bbi. for its oil.