The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-11-05
MARKET NOTES.

The Boston News Bureau says that the
inactivity in United States Oil in the face
OF the continual advance in the price of
/ crude petroleum. has been a subject of
considerable inquiry on the street. The
EXPLANATION given has been that United
states OIL is now considered more as an
! INVESTMENT stock. 1t has over 600 stock
! holders, and is therefore in position to
care for itself 1t is a fact that the COM
panys production has fallen off some
! what put this was not due to the wells
running dry, but to lack of fuel, owing to
the unprecedented low state of the Ohio
river and the lack of railroad equipment
on the roads operating in the West Viz
ginia oil districts BY reason Of this the
company has been handicapped in secur-
ing sufficient coal to run its engines, and
IN consequence it had to install gas en-
glnes and during the change the COM
panys production naturally fell off, but
now that its gas engines are working sat
isIaeftorlly the 9op production has again come
up TO about 200 barrels per day and is
constantly increasing. Comprehensive
plans are said to be under consideration
Tor an enlargement of the United States
company territory, whereby its produce
tlon VIII be greatly enlarged.
Alfred M. Lamar - The fact that the
present enormous earnings of our coun-
| lly, which as yet have shown no signs of
dlminution, must ultimately be reflected
in the prices Of our securities. has brought
INTO the market pool and individual buy
ing OF the strongest possible character.
ms puylng is and has been based on a
IlfIq conviction that conditions warrant
| higher prices for all those railroad and
| Industrial shares which are able to show
an earning capacity that will return a
1aIL rate OF interest to their stockholders
There was very little business on the
London stock exchange today, owing to
| the absence of news from the Transvaal.
Americans were dull and stationarv
Spanish As were 635s. Rio Tintos 46s, An
acondas 8 1916, Utahs ~ Bostons 15-16
Money was very plentiful, being kept in
hand Tor the pending issue of &3000,0OO of
paid the 18th inst
AT the auction sales today the following
nuctuatons were recorded: National
parks = Commerce sold at 1875, off "a;
5Boylston, llSh, up 4; New England, 1927.
ManuIacturing companies-Amoskeag sold
az no up 21R; Chicopee, 91k, up 1&; Co.
SSneco' 294 up N; Kansas City Fort
scott d Memphis sold at 49, up /; Ameri-
| can Waltham Watch Company at 40.
Inc following tells gram has been received
from the Cochiti mine: Have penetrated
SIX feet into seventh level ore body. and
assays average $35. Vein looking ye ei-
strong" '0iS
The rate Of interest on Pittsburgs new
t Dono issue Of 100000 will not exceed 3ls
per cent, the holder to pay the state tax
Bids will be asked for in Boston.
IN the first ten months Of 1895 the
Cnlted states exported 52631 long tons of
copper; in the same period of 1898 the
total was lll,152 tons; this year, 90, 293
"A dispatch from the Mass mine says
we nave twenty tons Of mass and bar
rel copper ready for the smelter. Have
very rich"
On the curb in Boston today New Eng
sold at IS cents
The New York bank statement shows
reserve decrease, SO, 376 S75
with money in such good demand the
great speculative public cannot be carry
Ing any great amount of securities. In
the business world conditions still make
for the highest degree of confidence
though some people who have underwrit-
ten the more recent Industrial combine
tlqns are not entirely happy.
exports of copper from New York yes
terday aggregated 1856 tons, and from Bal
tlmore l60 tons, o total of 315 tons. There
arrived 70 tons ingots from Havre
Ihere IS an effort making to brace up
the market for copper on this side in
sympathy with the firmer London tone
ana lake at lie. is not SO much in evidence
as rev days ago. London is buyIng
Money at the clearing house loaned al
o p. c; New York funds sold at Tic. and
l5c discount for cash.
Liverpool, l p. m.-Wheat closed ol1iet
december down u. Corn closed quiet De-
London-Whea cargoes closed ontions
| O9O bushels. OAV''-