The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-07-21
MARKET NOTES.

Inc market for copper shows some
slight improvement in tone, with sales
of lake at 1S15c. In the local market
the feeling is strong, and other makes
are sharing in the stimulated demand,
causing an upward tendency in the
price of electrolytic to 171s@17A c.,
with casting following very close at
174s&1715c The latter brand is only in
limited supply.
Louisville earnings are a source Of
great qualification to the management
The road earned nearly p. c. in the
nsoai year ending June 80 and can easl-
Y better this showing very materially
II gross earnings continue to increase
at anything like the present rate, which
VIII mean an increased dividend.
Ii Is an old rule In Wall street never
TO sell stocks on strikes. They may be
sold before the strike comes on, but
should not be sold while the strikes
are on, on the theory that they are sure
10 De settled up and that the short in
terest at that time always rushes into
cover, causing an advance.
Russell Sage says: II expect a mo-
ney market OF the old kind, with inter-
est up to about the legal rate. The
strengthening up of foreign money
markets is quite an influence. MANY
millions of dollars have been loaned by
us in Germany. For the first time
within my recollection Germany has
borrowed money here upon American
securities held in trust over there
me statement which is to be made
70 the stock exchange by the Steel &
WIRE GO. to accompany the application
for the listing OF the stock will be fill
90 ABOUT August II, and will surprise
even tnoSe who believe themselves to
be familiar with the business Of the
company.
Prime telegraphs from Chicago: 1.-THE
temperature still continues high. but
so far not high enough to cause any de-
struction to growing crops of any kind.
we have no storm Of rain or wind to
peat down the spring wheat, the con-
dltion OF which at the present time is
attracting so much interest. So far as
general conditions are concerned COW
sFlng the whole crop area, 1 put this
DOWN as the best week the country
has had since the growing season op-
ened. Temperature about perfect,
ample moisture and no storms"
Boston curb prices: Mayffower 5k@6.
Elm River 107s@11 Trio offered at 4
Bay State Gas 1GD1k, Massachusetts
Electric preferred 79hQS0, common 2e
pld; lndo- Egyptian 26Q2S Planters So
asked, American Agricultural Chemi-
ga PISASIIeQ toU6U, common 230D26:
Amalgamated 97% QeSA, Fortuna SOC.
sales
New York curb prices: Bay State Gas
1902, Amalgamated Copper 971b@9S.
AR Power 74@75, Amsterdam Gas 31H a
~, preferred 5SQ591k, Vehicle 95@lo3.
New England Transportation $40
loN, Standard Oil 462Q465.
In continuing the two Injunction SHIFTS
against the payment of dividends upon
Doth common and preferred stock of
Federal Steel. Judge Thomas has sus-
tanned the allegations in the bills of
compliments, that neither the charter
nor the bylaws of the company declare
the times when dividends shall be Maid
upon the preferred stock, and therefore
that no dividend legally can be declared
on the preferred stock till January, 1e00
AS TO the common stock, the contention
is sustained that no dividend can he
PAID upon it until after the full years
dividend upon the preferred has been
palo. II the matter can be renedied
SO far as the preferred stock is con-
eerned, by an amendment to the bylaw
OF the company, it is said to be prob
anle that new application for a dis
solution Of the Injunction, ACCOMPANIED
by proof of the adoption Of such amend
ment, would be granted.