The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-03-11
LAND COMPANIES.
MISCELLANEOTS
THE COPPERS.


United Shoe Machinery S915
THE COPPERS.
Notice was sent out Tuesday to tho
s.ockholders of the Arizona and Texas
consolidated Copper Company. an
hounclng that the directors have voted
Al their last meeting to advance the
price OF shares from SO to SIS, the
same TO take effect on March Is.
ms lone OF the copper market shows
Improvement if anything, with lake
very hrm at lSc for spot and 17a4 bid
ana declined on good authority for de-
livery after navigation opens. No de-
livery is procurable, however, so far as
known under 1SC in the lake brands.
and for prompt or Immediate delivery
the available supply is exceedingly
meagre. Deliveries continue behind
time. and arrivals come in slowly while
consumers are urging the mining com
pan1es to hurry UP to the copper. Live
ly times are anticipated a little later on
IN copper circles when the scarcity Of
supplies at the lake will be more fully
demonstrated.
The following dispatch has been re-
celNed at the office of the Wahnita
Copper Mining Company, which of
more than passing interest coming from
one wholly unknown to the company
1t is understood that this report is pub
lished in some lake paper over his
name, as a copy has been mailed but
has not arrived-"Captain Danielson Of
the Calumet & Hecla today signs a re-
port that Wahnita is the richest dis
coVery in the Ontonagon district and
that in 1852 he saw chunk copper
hauled from there"
1t is said that Haggin and DAILY have
sold the control of the Anaconda to
the Standard Oil combination. The
price is not known, but in London the
stock has been selling upon a basis of
So6,O00OO0 for the 100000 shares in the
mine.
The supreme court has reprimanded
the Montana Ore Purchasing Company
for disobeying the injunction Of the
district court by working portion of
the Rarus under surface of the Penn
sylvania, A P. Heinze $3.50 and other
company officers $500. In the district
court application of the Montana for
discharge of receiver was postponed
until Saturday week.
The annual meeting of the stock
holders of the Butte & Boston Com
solidated Mining Company will be held
at the office, No So Fulton street. New
York, Tuesday. April 1, al II a. m Two
directors for the term of three years
will be elected. The transfer books
will be closed from March Is to April
4, both days inclusive.
In the outside market yesterday, the
following quotations We're noted: Min
ers, 50 and As; Bingham, 1908; Bos-
ton, llq1115; Victoria, 969$4 Melones.
5d5A; Fortuna, SLIGO; Trimountain,
i3hG141s; Wyandot, 95kd10; Copper
Range, 47@50 Michigan, II; Mass, IA
asked.
The directors of the Rio Grande
Western ask the stockholders to ratify
a 50-year 4 per cent consolidated bond
issue a not less than par and interest.
The immediate occasion of this issue
is to retire the outstanding obligations
for new equipment amounting to
$166, 719 to construct additionalbranches
and extensions, aggregating about %
miles, to provide for 100000 new equip
ment ordered but not yet delivered, and
TO unity all existing liens.
1 OF the new issue there will be re-
/ tanned in the treasury sufficient to re-
tire the $15 200, 900 first As on maturity
/ or before S2,200,0 600 will replace the
| 50, $50 600 bonds of the Sewer and Tintic
/ Range railroads, now in the r. G. W.
/ treasury, $500 900 will be issued at once
/ for the construction OF 25 miles of
/ branches, and 100000 600 of which ST.
000,00 will be issued now. will be de-
voted to the future necessities of the
company, either for equipment or add
tional mileage This is to he issued
I hereafter not to exceed $500 600 in any
I fiscal year.
Bonds can also he issued at the rate
of $50 600 per mile against fut1Ire mr.
! chases or other roads. The 81 400 00c
that are TO he Immediately issued have
already been sold.
The net earnings for the first half of
If s44 AZ rived charges we're s30A 00O
rentals estimated at az coo This leaves
sufficient balance 10 meet rho 7ividendq
paid during The nrecedine vear neI
cent on nreferred and . ner cent or
4 common vim a small sfIrnl11s o,,ar ali
The dirac+ore s-ate tbar fba saving in
car. niieage etc made nossibIe nv the
iss,,e If eI 5O6 mn adlIitionaI honds viii
,,rG,.ida e., tbo graa1e,' MT ~ the IN!
ttara,,t tbo,.,o,, r. fqr,,Iea ~ ea.,7i,lo.
a,a h.sa4 ~, +ra s,,,,7,ositio,1 tba+ -
1,asad ,,os5s yin contin,ie r. r,aat
tt1ir r,,,,, -l,,,.a,as a., IN ia met
tar,I,(I{or5 ,,,r, ~ 49,, ,,o,,
poil, 800, y !, No., 10, ~
LIdI TdtIilc feui 3 llI%atlon pan pr
poSe 10 ptLlls sun IA eq i 10 uena'
ontil lIsi'lS ailG s''l,ei i,iou ~
.alioIl u! eLLe 9la5Ii VI d ~
IHe "lol t5dse' my desel t s..1. Wv W,
Io"u ~ INeilt' aiiu can re- uIu ~
sttu,l.IgS anu seslIe Ile guNe5lllli men
S ,il "I'lO1' a'u i''"' al O"l9'ue y II
Lhey ClaIln JllaI Ine ?.chIral idc ~
eaiHlIlss nave peeh ulal puIalea III th'
interest Oh the HpuLheTA fdcllc, dh'
ia - 'tIo" CoH ron 70 .he Id tysf COZ
poF y. u, we pan proposes the issuance
~ ~ liew Vi ,i;5 70 liq III
uale Tess man $IV9,VOo'ooo. ne minor
IVY can prevent tHe increase OF com
iloi ol we CieaI ION oI reu STOCK