The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-03-08

OBSERVATION-DISCLOSURES ,.
American Bell, Telephone ...........,..942
Erie Telephone Observation-Disclosures, Sc
General Electric new ............,..,.,11915
91GNlCdl Ieiepnole -.-.r.'. -~s..ssss.s.. rs
Pullman. Palace Car ........-.....~.....157
United States Oil ........,...............4 Az
United States Rubber ................ IS
United States Rubber preferred -. lis
W estlnghouse Electric ...,.......--.... 40
Keece Button Hole OBSERVATION-DISCLOSURES. u
United Shoe Machinery ................ 40
pay STATE Gas .-......-...............s.- 21s
Old Dopi al 5S2
C1u DOlHlulOll MINING s......4...,....... 3gaI
American Sugar Refining preferred. .l14s4
The Chase Wooden Company mills at
Oxford and Webster have been alb
sorbed by the wooden trust The plant
Is one of the largest Of its kind in cen
tral Massachusetts,. 1t contains $50
looms. 1t is fitted with 90 sets of cards
and its products are cassimeres and
WoFsteds. The Chase company has a
capital of 100000. The North Oxford
mills OF the company are equipped with
eight sets of cards and "a broad looms.
kx-Congressman Whiting of Holyoke
VIII be the president of the new writing
paper combine Just formed. The pro-
motors have obtained options on IS per
cent o. the writing paper mills of the
eountry. All the western mills. it is
understood, are to be taken into the
combination, and a large proportion of
the companies in the Connecticut val
ley nave voted to turn over their real
estate and other holdings to the new
company. Itfs believed the consolida-
tlon, as far as the mills in this vicinity
are concerned, is to be completed in a
rev days. The smaller concerns are not
lkely to make a stand against the COM
pine. Among the larger local COM
panies on the plants of which options
nave been obtained are the Springdale
Paper Company Chaplin & Gould
Beebe & Holbrook Paper Company
Whiting Paper Company and the
Agawam company
Bankers think that there will be a
dearef money market for the next 80
days, and that borrowers will be less
dlctatorial. Bankers hope that money
Will be tirmer for several reasons
hfst, because they will thereby make
more profits; secondly, because they
think it will check the mad rush to
consolidate everything, and thirdly, be-
cause 1t Will argue active business
throughout the country. When inter
est rates rise because of fright il is a
bad sign, but when they rise because
OF increasing employment for money it
IS a good sign of general prosperity. 1t
IS not good sign. however of a spe-
culatlVe rise in securities. 1t is usually
sign of the reverse. for if prices are
adjusted to a per cent money market
anu money goes TO T. they look alto
gether dearer The suggestion and
temptation TO invest or to buy specula-
lively disappears for the moment at
least
FEBRUARY was a month of heavy fire
loss the New York Journal of Com
mefce and Commercial Bulletins COM
plIatlon showing for the United States
ana Canada a total of SIS, 469 600, against
$iO 'lS,OOO in January, $12. 629, 800 in
FEBRUARY last year, and $S,676. 100 in
FEBRUARY 1897; total first two months
inns year S29, 1871 600 against 500 l01 500
IN the same period last wear. and
w $3.50 in 1897. Excessive fire waste
III FEBRUARY has made stch a differences
IN the total for the first two months
that 1t unquestionably will put the 1900
record ahead of that of 1898, which was
quite large. During the month lust
closed there We're 279 fires of a greater
qestfuctVeness than $4,000 each. The
journal OF Commerce comments that
the heaNy losses suffered by Cbica 90
ana Philadelphia will settle the cues
e non OF underwriting profit from them
ioI the entire year; and altogether
between the low rates at which busi-
ness mas been written for about two
years and the increased loss ratio. the
hre insurance outlook for 1889 is ex-
ceptlonally bad and eventually means
II numerous retirements Nothing short
of immediate and marked advancas j.,
rates can restore the business to a
prohtable plane
The Nova Scotia legislature has been
asked to incorporate THE Consolidated
Hfaphlte company limited" The fncor-
porators are N F. Ryder Of Middle
ooro; Wilbur f. Whitney, Ashburn-
nam f. &. Harvey, New York; A. P.
Eagieston, Hyannis; r. =. Shoemaker
Bridgetown; n. G. and B. D. Peterson
Boston. The capital stock viii be 500 !.
0Oo with powers to Increase to 81, 900, 900.
Inc story of the discovery Of graphite
mines IN Canada and their development
by n. f. Ryder, is interesting. Some
three or four years ago q Scotchman
VINO was skilled geologist was pros
pectlng IN Nova Scotia, ana by accident
discovered vein of granite of fine
quaIty. In seeking to profit by his dis
coVery he associated with a French
man named Care, who at one time Iiv-
ed IN Carver, and this man packed a
Dag with samples of the plumbago dis
trlct and started for America in the
hope 10 interest capitalists. He struck
Boston and ran across Mr.. Ryder who
with characteristic business fore
thought and sagacity percsived the val
lie Of the product and at once took
steps to secure an option on the land
containing the graphite. The mines
have been worked more or less since
1898. Now, the new corporation, having
secured long leases upon the land
where the mines are located will en-
deavor to secure legislation in order to
develop the property upon an extern
sive scale
C. z. Stubs, representing Boston
people, on Monday, bought the Nancy
Hanks copper mine and two adjoining
| claims in the new copper district in
! UnaWeep canyon, western Colorado
| paying $4,000 Local mining brokers
say they have large number of or
| ders from Boston to buy up copper
claims as soon as snow disappears suf-
hciently to permit satisfactory exami-
( nation Specimens of ore brought out
run very high. The district is prac-
| tically unexplored, and only slight de-
Nelopment on new mines seems to show
| up very rich values. One shipment of
six cars has already been made to
| smelters averaging nearly $1,000 to a
| narrow-guage car of twenty tons None
u inns ore is sorted.
Asked as to the cause for the pres
ent strength in Dominion coal, Presi-
dent Whitney said: THE stock of the
Dominion Coal company has advanced
more rapidly than I expected, though
large holders have purcha sad their
stock for a long pull, and are conse-
quently not in the market to sell. l con-
/ troll now large iron ore deposits in New
| foundland through options, and while
| ! am not ready to give details as TO