The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-05-20
MARKET NOTES.

AS far as the best posted people in
| Wall Street can say. there will be no
gold exported, although rates keep sur
prisingly strong. A large number of
| pleasure travellers will take a great deal
of money abroad; besides money in this
country is low, while in Europe it is
worth proportionately more.
Anaconda was strong on a revival of
ola reports that it would be exchanged
share for share for the stock of the Am
AGGRAVATED company. 1t cannot be as
certained when the proposition for the
exchange is expected to be made.
Holders of copper do not betray any
special anxiety, and continue to decline
propositions to sell under 1S15c.
An operator largely interested in SUI
gar says: 1 heard a rumor Thursday
that the Sugar dividend would be re-
du2ed next month. My information IS
the other way and I think parties could
be found who would be willing to buy
the dividend a very little below Der
cent.
In New York yesterday Amalgamated
Copper sold at 1014, now 101B09s; B.
S. G. 2%43; N. Y. Trans. 27ss 02S15; N.
e. Trans. 1115@12.
A rumor has been current that the re-
cent selling of Franklin mining stock
has been due to a forthcoming increase
in the amount of capital stock issued.
At the recent annual meeting of the
company the capital was increased
from $4,000 to 100000 shares, but at the
office of the company it is stated that
the directors have no present intention
of placing these additional 10000 shares
on the market.
Among the members of the various
New York exchanges the topic of a dou-
Bile holiday at the end of the month is
canvdssing, and it Is probable that
there will be a general agreement TO
close Monday, May %, as well as Mem
orial day.
A Chicago dispatch says: Nine rail-
roads which the Chicago, Burlington &
Quincy have been operating under lease
for years have been bought outright by
this corporation, and hereafter they will
be parts of the system. The roads whose
stock and franchises have been sold
to the c., B. & Q are: Illinois Valley
& Northern, Galesburg & Rio, Oswego
& Fox River Valley, Illinois Grand
Trunk, American Central. Quincy &
Warsaw, St. Louis, Rock Island & Chi
cago. While these roads have been op-
Grated by the c., B. & @. for years, they
have been Independent corporations,
the c. B., & Q.'s control being by leases
in perpetuity Recently the directors
authorized the placing of an $4,000, 900
mortgage on the system, and as the
separate lines formed the system east
Of the Missouri river, a mortgage could
not be given on them unless they were
owned by the c., B. & Q.
The affairs of the American Bicycle
company are still in the hands Of the
bankers. Representatives of many BIZ
cycle firms have visited this week the
trusts headquarters at the Waldorf
Astoria in New York but a general
meeting of stockholders has not yet
been held. 1t is stated that every BIZ
cycle concern of prominence in the
coa1try has now given an option. A
few companies desire more for their
plants than the trust is willing to allow,
but in most cases the terms which have
been submitted are considered reason
able and in all probability will be ac-
cepted. 1t is stated that the Spalding
plant will undoubtedly be absorbed and
it is believed that the Overman plant
is also in a fair way to go in