The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-07-19
MARKET NOTES.

watson & Gibson-We do not believe
that any man or set of men of means
VIII wish to run the gauntlet of +ho
next 90 days with an excessive sI1nni,,
or stocks on hand. ipi'
curb 71H. vi the
everybody seems to be making mo-
ney IN the sugar trade and this is Civ
ing rich contingent to Wall street
70 speculate in sugar stock.
Inc trouble between the M. O Pur-
CHASING GO. and Others and the Mon
tana ana Butte companies, over the
800 elL,oln man OF certain development
work py the latter corporations in or
oer that they might be able to present
thelr SIDE at the trial of the Pennsvl-
wanna case, has at last been amicablv
ADJUSTED, and one of the conditions ~
the adjustment is that the nlain+iff
snail give bond Of $4,000 as an evil
oence OF good faith.
Vlce-President Morton of Atchison
says. Give us three weeks more with
out hot winds and Kansas corn cron
last year" oo'-e
Inc Boston & Montana Mining Com
pany yesterday declared Quarterly f1ivi-
dend of 81 and an extra dividend of "a
per share, $40 in all, or 81, 500, 900. paw
anie august Il, to stockholders of re-
coro July q. This makes the third
dividend of the current calendar wear:
80 was paid May 90 and IS Feb. 20 For
the whole of 1898 SIS was paid. in 1897
Sl2 In 1895 So in 1895 81, and in 1894
". Including today's declaration the
Montana's total of dividend disburse-
ments is $12,275,0 900.
Boston curb prices: Amalgamated
Fortuna nj
L 1-16011s.
New York curb prices: Bay States
Gas, 2A; Standard OIL 457@4sO; New
england Transportation, 10@11; New
York Transportation, 24@24h; Amster.
dam Gas, 32hQ331s; Amalgamated Cop.
per, 9e.
The Pressed Steel Car Company yes.
terday signed a contract with the Car.
negie Steel Company, agreeing to take
| one thousand tons of steel plates pei
DAY for ten years, beginning Aug. l.
Inc total value of this amount of stee
Is $3.50, 100000. The Pressed Steel Car
Company is trust consisting of -four
firms. The big deal is the outcome of q
recent Carnegie agreement not to gc
| into the steel car business.
| Nearly all the bicycle makers who
have been listed as members Of the
trust were present at the secret session
In New York. The facts seem to be-
that the cycle trust as originally for.
mulated, with capitalization of $50
100000, is dead. It has been found i'm.
practicable to raise the necessary CAPT
| tai, estimated at $4,000 900, to buy il
the plants for cash. The new PROPOSE
ton appears to consist of redistribu
ton Of the common and preferred stock
and an offering to the owners of tn,
plants Of so per cent in stock and q
per cent in cash. AS originally plan
ned, there was to be $4,000, 600 preferred
stock at seven per cent, and SAG, 000, O0
at eight per cent. No agreement wa
reached. Several of those who hav
been in the deal have been bold in say
ing that they will sell for spot casl
only. The options on the plants expir
on August !, and some agreement mus
be reached before that time.
Local bankers say that the new me
thod of clearings through Boston i
working well and that they are satisf
ed 1t is a satisfactory system. The,
are inclined to ascribe the tight none,
market in New York to the loss O
country funds by the New York bank
on account of the new system. 1t seem
that one man recently borrowed none,
In Chicago rather than in New Yori
because of better terms in Chicago
This has rarely been the situation.