The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-10-14
MARKET NOTES.

Oct. s, 1898, Butte stock began to give
evidences of life after its long sleep. 1t
rose that day from 26 to 80. On Oct. 10
Butte made its memorable rise to 80,
which price was reached at 1.35; with
in three minutes after the stock broke
II points to 49, Montana breaking from
247 to 229 On that day AS APO shares of
Butte changed hands
Lake copper for immediate delivery
is quoted at 1Sc.. and an easier tone
pervades the market.
Boston 7A@1a, Fortuna 5215@571a.
Helvetia 12h@131a, Little Tiger $1871a
Ql,92R, Elm River S15@%, Gas & Coke
251aQ27, IS 78@S0, Amalgamated 9O@91.
]. S. Bache & Co.-As regards the
money market, whether the ease in
money is temporary or not remains to
be seen, but we rather think that rates
for money for the balance of this year
will be comparatively high and that a
bull market under such conditions is
impossible for some time to come.
Messrs. James Lewis & Son, Liver
pool under date of Oct. 2, say: The
American operators are supporting the
copper market when it approaches G76
and selling when it approXimates &77.
1t would appear to be their policy to
sustain prices at this level. There is a
fair demand for English refined and
manufactured copper on the part of
home consumers. who however, only
buy for their immediate requirements,
realizing the artificial manner in which
prices are maintained.
The London Economist gives the fol-
lowing declines in Kaffirs from the high
point of the year to Sept. 30. The fall
is stated in pounds: Crown Deep 81
Crown Reef so, Ferreira 6, Moulder-
fontein SIS, Rand 151a Robineon Deep
5B. Goldenhuis Az. Declines ranged
9212 to G319, The shrinkage in market
valuations has ranged from 90 p, c. to
90 p. c. Quite a proportion of the Rand
stocks are selling below e5 per share.
and in some cases a decline of over g.
per share represents a very consider
able depreciation in the market value
of the property Rand mines, which
show the largest declines, have fallen
from e45 to &291a. They have since
recovered to Ed.
The Wall street market opened ir-
regular. American Steel and Wire
523s, Atchison preferred 62A, Burling-
ton 129, Federal Steel 54%, Leather
14B, Louisville & Nashville 81$4, Man
haitian 1914 Missouri Pacific "A, New
York Central 1874 Brooklyn Transit
S6A. Northern Pacific 80, Peoples Gas
1924, Sugar 142A, st. Paul 123% South
~ - ~ NACAANNA u "a INAliiCoSNt Wal anu
Iron ia, Tobacco 121, Union Pacific 49,
do preferred 75A.
Boston curb prices-New England
Gas & Coke 251a, SIS 78@S0, Fortuna
571aQ5O cents, Boston 7A@71a, Helvetia
121a@1S1a Elm River S1a@%, Anal
gamated 90@91.
Montreal, Oct 1S.-The Canadian Pa
cific Railway Company has placed or
ders for thirty or forty new locomotives
with several of the leading locomotive
manufacturers in the United States
This is the first order for locomotives
this road has placed outside Canada
for many years. 1t has been the policy
of the company in the past to turn out
the engines required on it's line from its
own shops. Some time ago all the ma.
chinists in the employ of the company
went out on strike because the officers
of the company refused to recognize
their labor union. With the exception
of its repair shops, it is understood
that the company will close all its loco
motive shops and in future order the
locomotives it requires from firms il
the United States