The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-08-15
MARKET NOTES.

The Amaigamated managers figure
that there is no reason to look for any
decline in the price of copper this yeal
or possibly next year, and that The
AmalGamated can begin quarterly div
idends at the rate of p. c. per an.
mum and continue them for many
months
bright observer of the market says
that if the corn crop harvests as now
indicated, ii will practically mean a
put on Chicago, Burlington and Quin.
cy stock at $125 per share for a year
The changes shown in the statement
are puzziing the Oldest heads in the
street. Where the increase in specie
came from is a mystery, while the in
crease of practically a like sum, name
ly something over $6,0O0,000, in the items
of loans, specie, legal reserve and sur
plus reserve, is feature which the old
heads aforesaid regard with more or
less suspicion. 1t is expected, in view
of the larger reserve, that call money
this week will work easier
This short interest in 7. G. l. is said
to be located in one of the strongest
houses in the street.
Those who have been identified with
the Steel q Wire movement said the
earnings of the company justified u
material advance and that the inten-
ton Of putting Steel & Wire common
to the neighborhood of so had by no
means been abandoned.
WaTson & Gibson--If money is to be
easy throughout the crop-moving sea-
son, as we have repeatedly said, the
stock market is a purchase.
The market for copper is strong at
TX 2-4n1QR the go l1Iroat e. HnN1o :
cepted. The mining companies are well
sold up for the next two months and
August-Septembe copper is offered
sparingly. Electrolytic makers report
II 3-4c, bid for this quality. Exports
for the week were the heaviest for
some time and amount to 1888 tons, and
since Aug. 1, 1886 tons. The shipments
include large quantities of Calumet &
Hecla copper. An official of the Area
dian, in position to know, says the
rock is running about / p. c. at the
stamp mill; in addition to this, the
mass and barrel copper must be fig
ured.
Prime telegraphs from Chicago: 1.-THE
dressings of the spring wheat the
present week have brought out the fact
that the present crop will prove to be
very spotted crop. 1t can no longer
be called a bumper crop. The more and
more we get into its merits the more
plainly the facts will become appar-
ent Of the reduction in yield and quail
ty by heat, blight and rain as well as
hail Seldom if ever makes a big crop
of spring wheat in a wet season"
The wheat market developed into a
stampede of the short interest accu-
mulated on the prolonged decline and
dulness. Reports of further damage
and reduced estimated yield, on top Of
the lowering of promise given by the
government report, was sufficient to
make a strong early market.
There has been pressure to sell B. r,
7. on renewed rumors of further pend
ing trouble with labor leaders. This
time 1t is said an attack will be made
upon the Brooklyn Rapid Transit sys-
tenn by means of a demand that all OF
the trolley wires of B. r. T. system
in the city proper be put under
ground.
Morrison, Kekewich & co. write
from London to Corey, Milliken & Co.
Aug. q: Monthly statistics show in
crease of 4015 tons copper, caused by
exceptional circumstances. and August
figures will show better. Consumers
have been working on their private
stocks and picking up all the old meta
about, but will soon be forced to cove.
.nSR iSdHii ShiShtS N the lndIhet' Ink
american position is strong, with pro.
ducers well sold ahead, and consump.
ton excellent The opinion is gaining
ground that prices will be higher il
the autumn and maintained at higr
level for the next ~ months. ;"
Boston curb prices: Elm River IL
Amals amated SO 1-S@9S 1-2, Fortuna
ACC, Bay State Gas 1@1 Is, New Eng
land Gas and Coke 80 1-2@30 ditto fives
50 bid, Mayflower GOT, Little Tige,
90692 1-2c