The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-07-30

Edison Electric Illuminating.
MARKET NOTES.


one Of the new industrials has beer.
postponed and efforts have been made
to ease money rates by Bringing in
funds by forced methods from the in
terror.
The, The AtohisOn Statement for the
tA next week when the earnings for
che fiscal year win also be announced.
The road has hauled little or no corn in
the last three years; but this year it is
race to face with the prospect of haul
ing an enormous quantity. Kansas,
barring some entirely unforeseen acct
dent, is going to have the biggest corn
crop in its history this year. If there
is any shortage in wheat tonnage, it
Will be more than made up in this way.
Corn is easy to handle, and makes
cheap transportation. 1t will give the
opportunity to increase train loads very
materially, and to make a showing fit
70 stand beside that of any other of the
western or southwestern roads The,
corn crop of Kansas, from present in
dications, will amount to 350,000,0 900
bushels, or an area of 100000 acres.
The record-breaking crop was 10 years
ago-96O, 100000 bushels. = Haight &
Freese.
Watson & Gibson-The market seems
to have taken on more of broad char
acteg and a greater number of issues
of'stoeks were dealt in.
Arrangements are now under way for
taking the B. & o. S. w. road out Of the
hands of the receivers, Messrs. Harmon
and Robinson, and the property will be
turned over to the reorganized company
at midnight Monday
With the issuance of the Tune state
on 1ax n e.
its fiscal year. Assuming that the av-
erage amount Of stock outstanding for
the year was ssS,0o0,000, the surplus af-
ter all charges and sinking funds for
the u months, S6,47S,794, is equivalent
to 1856 per dent on this $8S,000,000, as
against 7.13 per cent on the $4,000, 800
stock outstanding for the year ended
June so, 1898.
In addition to this, about IL per cent
should be added for earnings which
were paid into or earned in the sinking
funds, and which in the cases of many
railroads would be shown as stockhold-
ers' earnings. This makes a total of
$50 per cent earned on stock against
S.63 per cent year ago.
The New York bank statement shows
reserve decrease $1,244,475.
Somewhere between $30,000,000 and
SAC, 00O0 900 is to be expended by the new
bridges, engines, stations and cars will
consume the greater part of this sum.
An entire new bridge, to cost 100000,
will be constructed across the Missouri
river at Kansas City.
F. r. Tibbitts' estimate of the zinc
and lead output of the Missouri Kan
sas district for six months of 1899 is
$5,771, 1903, against another report of So
All, T26 before published. The same au-
nTrif er5xy
1883, compared with 243,5 SOC tons for
the whole of 1898.
According to information obtained
from excellent sources, the first quar-
terly dividend on Amalgamated Copper
of per cent will be paid on or before
Aug. Is. The engraved certificates of
stock are now ready to be distributed
but are being held back pending an
application to the stock exchange for
admission to the unlisted department
London opened higher; New York
followed suit. There was more bullish
talk and quite a little more acting on
that talk.
The market, judging by our compila-
ton of the price of 20 active stocks,
seems to show indications of another
upward move
]. G. Martin figures interest and divi-
dend payments in Boston for August,
1899, as $6,416.192, against $40, 173,S95 Au-
gust, 1898. s6,220, 354 August, 1897, and
$3,551,S7S August, 1896. The only pay
ment Of any large amount will be that
by the Boston and Montana Mining
Company, of $1,500,000 on account of its
$40 dividend.
The Engineering and Mining Jour
nal says: The total value of the min
eral production of the United States in
1898 was $685. SIG, $50, against $648, S04. 500
in 1897 The production innlllded ee5
0S2,4S0 in gold and 5S,763, 1877 ounces of
silver The coal production was 21S.-
l06,519 short tons, an increase of 49,
600 tons over any previous year. The
pig iron production was II, 773,934 tons.
the greatest quantity ever made in any
country in one year. The copper pro-
duction was 535, 900.232 pounds, also the
largest ever reported, and considerably
more than half the entire production
Of the world. Other leading items were
22S,475 short tons of lead. l14,1O4 short
| tons of zinc. fe