The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-12-27
MISCELLANEOUS STOCKS
Market Notes

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If the assets of the Globe National
bank back of the clearing house GER
tificates fail to pay the certificates and
interest, then the loss will fall upon
the associated banks pro rata to their
capital
Morrison, Kekewich & Co. write
from London, Dec. Is:
"Messrs. Corey, Milliken & Co.-Dear
Sirs: The metal markets have been
depressed owing to a failure in the tin
market. The newspapers continue to
write down poor old copper, and nc
doubt ultimately they may be right,
but personally we are of opinion that
high prices will be maintained for a
true, will only buy from hand to mouth,
but their requirements are large, and
urgent delivery is invariably required
probably the whole metal trade of
the United Kingdom was never in a
more satisfactory state than it is at
the present moment. Some large sales
of refined copper have been made to
continental consumers and consump-
ton for cables, electric requirements
and war material will continue on a
large scale.
1uTluB Tue DetilAC last week, many
sellers failed to make good their de-
lfveries, supposing that during the
panic the purchasers would not care to
take their stocks. Now that the rail-
ly has come, they suppose that the
buyers have forgotten them. Buyers,
however, are calling for deliveries.
The market for copper is quoted at
1873 @1614c for lake, and buyers might
possibly be accommodated at 16Ac if
the order was attractive. Inquiries
are heard at Ice in the nature of feel
ers
There are rumors that in certain con-
tingencies there will be an application
for an injunction to restrain the pay
ment of the United States Oil dividend
Jan. ]. 1t is highly doubtful if this
dividend of SIPS ought to have been
declared, in view of the present finan-
cial condition of the company.
The question of Mr. Lawson's form
ing partnership with Allen Arnold
does not come before the governing
committee before $3.50 p. m, but 1 find
no word on the street that the commit
tee will raise any objections whatever.
Talks with some of the New York
bank presidents Saturday ELECTED the
information that certainly by the mid
die of January. the money market
would be in very much better shape
and it was their opinion that about that
time Wall street people could fairly
expect some sort Of boom in the stock
market. Just how long this boom
would last, the bank presidents did
not care to predict.
The annual report of the Union Pa
ciffc system for the year ended June
80 last. including the Short Line and
Oregon Navigation, shows surplus over
charges and preferred stock dividends
equal to 5 per cent on the common
stock. The company had cash on hand
Dec. Is amounting to 1885, 900
f. w. Batchelder, treasurer Of the
United States Oil Company, makes the
following statement: THE number OF
stockholders Of the United States Oh
Company has increased over 200 during
the last three weeks; the present num-
Der of stockholders is in excess of $40
of whom about 900 own less than 10C
shares each, and only about 20 of them
own in excess of 1000 shares each, and
there is no reason to suppose that the
Standard Oil Company, either directly
or indirectly, owns one share of this
stock. The actual cash on hand at
the close of business Dec. %, 1899, was
$204, 725. This is exclusive of about
$500 still on hand of the new subscrip-
tions, which is to be paid back to sub
scribers when called for. The money
for the dividend, payable Jan. /. 1900
Is ron deposit in the National bank OF
the Republic, the National Shawmut
bank and the Old Colony Trust Com
pany, and the dividend checks are now
being drawn on the National Shawmut
bank. These figures are the result OF
the expert examination by the public
accountant, and his final report will be
made to the directors either this after
noon or tomorrow The relations be-
tween the United States Oil Company
and the Standard Oil Company have