The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-10-22
MARKET NOTES.

the Boston & Montana directors have
declared . regular quarterly dividend of
81 share and 81 extra. This is an in
crease of s. over the previous dividend.
Fridays dividend was the fourth de-
clared this year, the three previous div
idends being s., paid Feb. 20: Sc, paid
May 20, and $40, paid Aug. 81 With
those dividends the total for this year
will aggregate $36 a share. In 1898 it
paid SIS; in 1897, $12; in 1886. $40: in 1895,
81; in 1894, 81. Including Fridays de-
claration the total dividends to the
stockholders will aggregate $14,525, 900.
The dividend is payable Nov. 20; to the
stockholders of the record Aug. p. The
transfer books close at 8 p. m, Oct 81,
and reopen at 9 a. m. Nov 10.
New York is getting ready for a big
bank consolidation deal.
The bulls have little to fear from the
coming elections. The people generally
are well satisfied with the present con-
ditions.-Boston Herald.
The October earnings of the Fitch
burg road, both freight and passenger,
are reported as showing extremely
large gains over those Of the cores
During the month of September. the
orders for the new equipments placed
by the railroads of the United States
aggregate 10,369 cars of all kinds and
237 locomotives-the biggest showing
for a single month in the history of the
railroad system.
Russell Sage said yesterday: THE
market is not So sensitive to spasmodic
fluctuations, and l see no reason to
change my belief in gradually higher
prices. The temporary efforts of Mr..
Keene or others to depress prices can
only react to their disadvantage in the
end. Money should go higher, but this
should cause small apprehension. The
fall business is good, and this must have
a salutary effect. Money for legitimate
purposes is not too high, although call
money should go to somewhat firmer
figures"
The Continental Automobile company
at its offices in Jersey City announces
the result of the stock offering in New
York as having been a total of 6120
shares subscribed The books of sub
scription remain open in Philadelphia,
Boston, Chicago, Buffalo, Cleveland
Pittsburg, Hartford and New Haven
until today at noon.
Treasurer Merriam of the Chicago g.
West Michigan Railway Company will
pay the coupons due Nov. l, 1899, of the
Chicago & North Michigan railroad 5
per cert bonds in cash. The coupon
payment made May last was also in
cash. A year ago the coupon was paid
$40 in cash and S. in 1O-year coupon
scrip.
The Helvetia Mining Company is
working 400 men on it's copper mining
property in Arizona. 1t expects to
elbow in" it's smelter about Nov. l.
New York Evening Post-Gold is not
yet to lie exported. Nevertheless,
Thursday afternoons reports of pro-
Jected gold engagements for export APP
pear, on investigation, to have had
some foundation. Such shipments were
certainly being planned possibly on the
basis of a triangular opera ton
through the Paris market, where
drafts on London sold, not long ago, az
tually above the normal point fol ship
ping gold. WkatwJer the modus oper-
andi of the calculation, it is known that
chances Of a profit depended on an al
lowance by foreign consignees of inter
est during transit Of the gold--a con-
cession which was made during our
shipments to London last July This
allowance, however, as both the bank
ers and the market learned yesterday
the bank declines to make, and the
plans Ter immediate gold exports have,
therefore, been abandoned
1t is understood that the stock Of the
Cochiti Gold Mining Company viii DE
placed on a dividend basis as soon as
the production of the mine reaches 10,
900 tons Of ore per month; it is now
about 5000. By Jan. at the latest the
production is expected to be at least
10000, and in the opinion of those ia
miliar with the property a 12,000-ton
capacity at that time would not be sur
prising.
Denver, Oct; M.-The Thelma Zinc
Company of Boston was incorporated
today for the attaining of zinc mines
and mining of same, with a capital Of
$1OO,000