The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-08-19
MARKET NOTES.

Anaconda directors, it is stated, will
not meet this week.
Leading Americans were strong and
considerably higher on good American
and local buyings in London yesterday
Watson & Gibson-The stock market
seems to be emerging from fears of
dear money into a more confident state.
The advance in L. & N. Is on agrees
sive buying by the bull clique, which
has been operating in the stock for
some months.
The market is broadening under the
renewed impulse given by large pur-
chaSes by leaders. It needs only a few
more days of sustained prices to start
activity by the public In all classes Of
securities under present conditions. The
money market has eased so much and
so Unexpectedly that a continuance of
lower rate for money must inevitably
result IN a higher range of prices.
The bull side has been helped a great
deal at this point by the absence of ac-
cidents of any serious nature to the
crops and to general business. 1t has
also been distinctly benefited by the
firm control which a few of the power
full monied interests have held over the
general railroad and industrial corpora
lions.
The Missouri Pacific, the NJ. K. & T.
road and the Rock Island have notified
the Pittsburg & Gulf that at the ter
mination of the 10 days limit they
would sever all traffic arrangements
with that road. 1t is predicted that
other roads will follow suit. The boycott
is the result of the fight over differen-
tials to the seaboard.
It has been an open secret for some
inf &c "a 6a1.
information were out of Sugar and ex-
pecting decline.
Gas & Coke IS S61a sales, stock 29%
QS01k, Boston Consolidated 103s sales.
One of the largest operators expresses
opinion following: Speculation is going
to run into stocks Of the middle class.
There Is no room Cor great advance in
the high-rriced stocks. Those which are
selling between 20 and 70, especially
where they can show something earned
or the probability of dividends within a
reasonable time.
Arcadian cannot furnish rock for Sec
ond stamp from mine until its new per-
manent hosting plant is installed at
No. 2 shaft. Foundation was built last
spring, but manufacturers were unable
to supply machinery when promised.
Thirty-f1ve drills are now running in
No. Tamarack, which is producing
more rock than any other shaft No. 16
Osceola. anygdaloid of the Calumet &
Hecla is 200 feet deep and very rich in
stamp, barrel and mass copper, and is
to have heavy permanent machinery in
stalled at once.
Anaconda directors will not meet this
week
More activity was noticeable in the
outside market. Two hundred shares
Elm River sold at IL and 1900 shares
at 70 IL; Boston Consolidated,
10 1894; Helvetia, 13@1-2; Amalga-
mated sold at SO "a and 81; 1900 shares
of Bay State Gas sold at 1 Is; Mon
tana Coal & Coke, 500; New England
Gas & Coke, 80; do. IS, S6Q87; May
tie Tiger, 90@s2 1-2c.
New York curb prices: Amalgamated,
SO 1-2997 IL; Electric Vehicle, 1903 IL
@105; New England transportation,
8 1-4@10; New York Transportation,
"a 1905; Republic Steel, 20 1-4@3-4.
preferred 70 1-499-4; Standard Oil new,
464@467, old 462@464.
American Waltham Watch Company
directors have declared a semi-annual
dividend of 5 per cent, payable Sept.
10 to stockholders on record Sept. 1.
The directors also have voted to recon-
mend increase of capital stock from
100000 to S4oe00oO, and will call a
special meeting Of stockholders for
Sept. l to take action on the proposed
increase. The directors will meet on the
same day to act upon an extra divi-
dend Of 16 2-3 per cent.
The protective committee of Boston
and Albany stockholders now holds
proxies to the amount Of $4,000 shares.
1t is understood that conference soon
will be had between the officers of the
company and the dissenting stockhold-
ers, and it is not unlikely that some
modification of the agreement with the
New York Central, as 1t now stands.
will be arranged before the special
meeting next month.
People in touch with the manage
ment of the Continental Tobacco Com
pany say that the probabilities are THAI
there will be no dividend paid on the
preferred until the first Of the year.
A director of Chicago. Burlington &
Quincy is quoted as saying: Every
thing in the Chicago, Burlington &
Quincy territory is looking very well.
do not see how 1t could be better.
Our people now consider that the crops
are assured and ! see nothing in the
way Of a prosperous business for some
time to come. July earnings will prob
ably make even better exhibit than
June. Notwithstanding the fact that
AuSuS d year dsO WAS an exceedingly
large month we will exceed it this year
by wide margin as far as present in
dications go. l 90 not look, however,
to see our dividend rate advanced
above s per cent basis, but then I
am only one of a board of eleven d.
rectors. I do not believe there win be
any further refunding by the Chicago,
Burlington & Quincy until the bonds
come due, and then we shall refund
them as we did the last time, for the
benefit of our stockholders.