The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-10-27
MIsCELLANEOus STOOLS.
FINANCE NOTES.

Inc directors OF the New England
Telephone and Telegraph Company
have declared a dividend of $1.5O per
share, payable Nov. Is, 1899, to the
stockholders of record at the close of
business Oct. 81, 1899
The Massachusetts Electric compa-
MES have just declared a semi-annual
dividend of 2 per cent on its preferred
stock, payable Dec. l. to stock of record
Nov. 10. This is the first dividend de-
clared by the company, land has been
declared out of four months earnings,
but for the semi-annual period up to
Oct. l. All surplus earnings are at
present being spent on improvements
to the property.
Wall street reports that John d.
Rockefeller, Jr., has had 100000 shares
United States Leather, common stock,
put in his name and that he and his
friends have got control of the COM
pany.
President Geary says the Federal
Steel Company has orders for POP. 500
tons Of steel rails.
Big republican victories next month
will give speculation it's much-needed
impetus
The calling of loans having Anaconda
stock for collateral is the cause as
signed for the recent bad break in that
stock
october will go upon record as the
poorest bull month of the year.
President Collaway Of the New York
Central says: I'VE will have $12,5OO. 900
of the $4,000, 900 increase in capital to
spend We owed s2,SOO,OOO. This sum
was borrowed at per cent, to provide
5000 cars, which are now being deliv-
cred. We shall need the best and
strongest road it is possible to have for
our business. l look for certainly three
years of undiminished prosperity, not
only for granger roads, but for all
freight carriers. AS for the Manhat-
| tan we have no more use for it than
the man in the moon. We have moth
ing in common with the New Haven
1t simply leases our tracks. The sub
| ject of B. e. A. to us is not likely tc
be considered before a meeting tc
be held in December. The loan nj
| s2,SO0,0 600 to the Central was made by
| w. K. Vanderbilt
1t is reported that w. D. Rockefeller
called on r. Sage Wednesday and fixed
upon a price for Sage's holdings Of
Standard Gas for all other holders. his
Rockefeller would not agree to, and
the conference ended.
| The general situation is one of in
| creasing confidence. London is a buyer
of American securities, and sterling ex-
| change is weaker IN tone. National
banks are we'll down in their reserves
| but trust companies, savings banks
| corporations, trustees and individual
capitalists are apparently flush. Spec.
ulatively, the market, as a whole, is
! strong.
The report that the City Bank of New
York had refused to make loans upor
| Amalgamated copper stock has refused
to make loans upon Amalgamated Cop
per stock-as collateral is absolutely
false
Considerable long stock again Offered
for sale this morning in the copper
! shares; very little support
George Gould figures that Manhat
tan. with its electrical equipment, car
earn 10 per cent on it's shares
1t is stated that American Steel &
| Wire company will begin dividend pay
| ments on the common shares OF tn,
company next March. 1t was stated
some months ago that common divi
! dends would begin last July.
Exports of manufactures for Septem
| Der aggregate in value S31, 1873 264 com
pared with $25,02O,O47 September, 1895
! an increase of Sc, 1853, 217 The first three
quarters of the year has shown ex
ports Of manufactured goods to thu
! amount o. about $277, SOC, 600 which il
| within 100000 of the total for a com
plete year as recently as 1897. Figure
/ for the recent year. if maintained, vii
! show experts to the amount OF $50,
100000. The importations into tn
United States show some increase il
| manufactured articles and luxuries.
The gold production of the world TO
the calendar year 1898; as ascertanet
| officially by the director of the mint
| was $28Y, 42S000, Of which the Unitet
States produced S64, 463 900, South Afrlc;
| $792l3,595 Australia $64, $50, 900, ant
| Russia $125. 1853, 400. The output of III
first three countries amounted to TO-
0SS017 cunces, valued at S20S, 597. 753. o,
| nearly IS per cent of the entire worlt
| product. Canada, including the I{lon
| dixie region, showed production of 3d.
! 175,000, but this will be increased to $18,
100000 for 1899. The product Of 1895 il
| eight times larger than the output a
time of the California discovery. TIL,
estimate OF gold consumed in the art,
during 1898 is $65,O00, 900. The amour
| of silver produced in 1897 was 1924
2S0,97S, OF which about $40000000 wa,
| required for the arts. This left SS4
100000 silver and s50,000O00 gold TO
| monetary uses. The available supply
| of gold, therefore, for 1898 was SIS 900
/ 600, or more than so per cent 81 cate
| than the combined supply of gold anC
| silver for monetary uses II years ago
| Director Roberts declares that there il
! no n ,9e