The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-09-02
MARKET NOTES.

Burlington people say that the low
prices obtained by the farmers for grain
will have the tendency to check ship
ments and if September and OCTOBER
earnings hold up to last years show
ing, they viii be very well satisfied.
New York has been the largest buyer
Of Bell Telephone stock Of late
Banks have lost over S3,500,000 to the
sub-treasury this week, and 1t is be-
Ieved shipments of cash to the interior
have been large. Hence a poor bank
statement is looked for
It is proposed now to shortly start up
the Parrot smelteF to work over tailings
Of the Parrot Company. Tailings have
been accommodating for years, some Of
them very rich.
The New York National City Bank
is said to have taken up and paid for
about 10000 shares Of Consolidated Gas
in last two days.
Plans for the formation of another
trust company are announced, the name
to be the Industrial Trust Company of
America; capital $4,000, 600. The chief
purpose is TO handle the financial BUSH
ness of industrial concerns.
Application for listing of American
Steel & Wire on the New York ex-
change has been accepted; $4,000 Gu
mulative Z per cent. preferred stock and
s50,0O0,0O0 common stock have been ad-
mitted.
According to the United States In
weston, bond sales in August amounted
to S5,SlS, 39S, not including temporary
loans. or the above amount 81 1864. 447
were issued by various cities and
towns, S5SS,950 by counties, and $50 600
by states and territories. This amount
shows a decrease Of $12, 703.474 compared
wit
a decrease of 1921 ia compared with
slS,6O4,512 reported in August, 1898.
Among the larger issues were: $500 900
by Williamsport, Pa; $500 900 by Dem
yer, Col; s22S.0 by Chicago, ILL.,; 1882
us by Buffalo, N. Y; s160,000 by Mil
waukee, Wis.
George BramweH Baker, who was
lately connected with E. H. Day & Co.
today becomes a partner in the firm
OF Montgomery, Rollins & Co. The firm
viii enlarge it's quarters by taking in
addition 20 it's present Offices those d.
fectly beneath the ones it now occu-
pies, thus securing a direct individual
entrance upon State street
American stocks in London generally
are 4 TO Ss above opening prices. and
show firm tone on New York buying.
The annual report of New York Cen
tral shows the income account as fol-
lows
Gross earnings :. ..$46,1 1884, 57 S45. ia. 24O
Up. eX. .......... 2912S,9S1 29511, 013
Net earnings -. 17,055,676 1926. 22S
other incCme... :. 4,324,6T 2,251,471
All income ........ 21,SS0,348 1914, 697
From this net income is to be deduct
ed reserve for redemption of gold de-
pentures SSOO,00O which leaves a ball
ance available for dividends of $3.50.
OBJ, equal to 55s per cent. on the stock.
DIVIDENDS paid amounted to $4,000. 600
SO that there was a surplus of 81 .615.-
OoI Tor the year. Passenger EARNINGS
increased S472, 314.42, or SO per cent. This
increase was generally distributed
among the company's lines and covered
all classes of business. sol, 64S more
passengers were carried than in the
year preceding, a gain of 81 per cent,
Ihe earnings per mile of road Increased
from $5,532.97 to IS, 1908. or sl97. 22.
A Boston man. who is regarded as an
authority on copper matters says: THE
Calumet &. Heela people and John stan
ton 40 not seem to agree on the conner
situation. Mr.. Stanton, who ia nm
doubtedly the best posted copper man
IN this country, sees nothing in sight
10 lower the price below 1917 cents
Whlle the Calumet & Hecla people see
a steady decline before us.
THE Calumet & Hecla peonla have
never been willing TO talk for publiea-
tlon heretofore, but now that they see
some rivalry in copper business in the
standard Oil interests, they are bears
on the situation. It looks as If the
Calumet & Hecla in the future would
step back from first to a second rate
power in the copper world. At present
II produces less copper than the Ana.
conda and only about Is per cent, of
the American output"
| The Worcester clearing, bousa s+o4o
ment for yesterday, Compared wif 9t'1 ~,
corresponding date in 1898, is as folIow sil'
1898. 1900
Hearings $1,000. S240, 90S.11 S18S. 21o &,
ba1ahees ......... 69,959.5S "a 790 .,