The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-11-03
MARKET NOTES.

at per cent. New York funds sold at
II, and 15c. discount for cash.
There is an easier market in New
York for copper, with holders quoting
lie. for lake. Buyers remain cautious
Electrolytic and casting are quoted. but
very little below lake, and all grades are
approxlmating to their normal market
position. Exports of copper for October
were 1920 tons Electrolytic copper is
16B617c.
Good judges of the situation believe
that we are now witnessing the liquida-
ton which always follows strained
monetary situation. But when such a
condition is the direct result of business
prosperity, the only panic likely to re-
suit is bear panic.
Watson & Gibson-The market next
week should reflect the news, going
down on any signs of important demo-
cratic gains, going up on important re-
publican gains.
Cincinnati Price Current says: Con-
dition of winter wheat more favorable.
Crop as a whole of good quality, but
some disappointment in yield.
The annual meeting of the Boston and
Albany, which was adjourned until Nov.
10, will again be adjourned until after
Christmas, probably Dec 2S. Boston
and Albany people say there is no sig
l.
better tone prevails in the local
market today, although the copper
shares are neglected.
Checks amounting to 1921 900 have
been received by the United States
treasury in further part settlement of
the Union Pacific railroads indebted
ness to the government. 1t is expected
that further amount will be received
within a short time. The remittance
N4roS In h.
treasury officials. The final settlement
was supposed to have been made some
time ago, when the mortgage bonds
We're paid, but subsequently it was
! discovred that a large amount of per-
sonal property, forming, indirectly, as
sets of the railroad had not been in
! cluded in the receivers accounts. Lit
| igation was begun TO recover an
| amount of money approximating
| Sl,OOO,O00, and there was some surprise
| yesterday when 1t was announced from
| the department of justice that judg-
! ment had been rendered in favor of
! the United. States
Judge Gary of the Federal Steel com
pany says: I'VE have put aside the
money for the quarterly payment of
! IA per cent declared last July, and will
| distribute that as soon as we legally
| are at liberty to do so. That will be on
] the first dividend paying period after
| the first Of the calendar year. Whether
| that dividend will be continued or not
! however, l cannot say. That rests with
| the board of directors, of which / an
! only a member"
Many of the New York brokerage
! houses in their accounts made up for
| the month of October charged theil
customers with the average rate OF
interest, which the brokers had paid tc
| carry stocks during the month Ir
some cases this rate was S1s, and in
others s per cent
New York quotes a gentleman inter
ested in Pullman affairs as saying: a
would not be surprised to learn that
| the shares of the new Pullman COM
| pany viii be listed on the London
stock exchange. 1t is the intention OF
| large financial interests to give the
shares as broad market as possible
and there is reason to believe that a
demand for the stock of the company
exists abroad
The annual meeting of Atchisor
stockholders will take place Dec IA al
Topeka. Stockholders will conside,
the alteration Of the bylaws to shorten
the time during which the books must
| be closed for the annual meeting Al
| present they must be closed for forty
| five days. The intention is to reduce
this to twenty-eight days. There is
declared TO be no truth in the state
ment attributed to a director that the
! preferred stock is to be placed at once
on per cent basis, or that there is
any question of dividend on the com
mon stock. At midnight last night the
! Hutchinson & Southern road was tax
| en- over by the Atchison. and hence
| forth will be operated as a part of the
| Atchison system.
1t is stated on excellent authority
that the annual meeting of the Boston
and Albany railroad, which was adj
| Journed until Nov. 10, will have an
! other continuance until after Christ
mas. 1t is suggested that the meeting
may be held on Dec, 2S, but prominent
| stockholders think that it may not be
before the middle of January that ac-
ton will be taken on the proposed
| lease Boston and Albany people saw
| that there is no significance in this
proposed adjournment