The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-12-14
Financial Notes

The London Economists index num-
Der of commodity prices on Dec. 1 shows
a higher range of prices than any
month in the past eight years, the in
dex number of Dec, 1891, which was
2l33, having never been euualled until
this month. The current number, PISA
compares with 212S a month ago, with
1918 at the close of last year, with 1890
| at the close of 1897, with 1916 at the
| close of 1896 and with 1899 at the end
of 1895.
The bids received for the $1,000 900
Los Angeles Cal, 81 per cent 2015 year
average, which were rejected as unsat
istactory, We're: Adams Phillips com.
pany, Pasadena, 100, 1874 and w. ].
Hayes & Sons, 100,S4S
The $4,000 Hyde Park, o., per cent
Il Is year average town hall bonds
We're awarded to Seasongood & Mayer
at 105106
The Sheffield corporation, Sheffield.
England, is trying to obtain power to
borrow $500 900 for purposes of munich
pal electric lighting about 100000 will
be expended on machinery.
A New York dispatch says: The Colo
MAI Sugar Refining Co., with a capital
of $4,000 600, will be Incorporated at
Wilmington, Del. 1t is intimated that
+. Q. Matthiessen, Doescher interests
oined in this new company. 1t will OPP
crate in Cuba, Porto Rico and Hawaii,
as well as the United States
In all probability the balance due on
Boston Elevated railroad stock will
be called in two payments of $25 each
instead of five payments of $40 each.
These two payments viii be called some
time within six months, the first before
March l.
w Il - r,,,e4;- 80 r, MI. Wy , ,
state in letter to Melones Mining Co.
stockholders that very considerable
sum OF money is needed to put the mine
and mill into a condition to produce.
The reasons are that a number of par
GELS of mining and other real estate
We're added to the original purchase in
order to give the company control of
all territory lying inside of and adjacent
to its property, and the difficulties and
cost of the undertaking were badly I'M
der estimated The finance committee of
the company has plans under consid-
Grafton
wolverine rock is now running any
where from "a to q pounds of copper
to the ton of rock averaging about 26
pounds, or little better than IA per
cent. The next semi annual dividend,
| payable in April probably win be 81.
At the annual meeting Of the Old Col
oHy copper Co., yesterday, the directors
We're reelected SO, 926 shares voting.
The stock market is slowly getting in
to more quiet state. The facts in the
situation suggest a quiet market for a
time with a hardening and improving
tone
By II a. m. there was a decided rally
in both markets, the copper shares in
particular participating, some getting
back nearly to yesterdays quotations.
Price. Mccormick e Co.-Bankers do
not look for any material decline in
money rates and will do all in their
power to prevent it.
There is continued liquidation, but
there is also good buying and less bear
ish ressiveness. 1t is good opinion
| that some OF the largest operators for
the fall have covered their short con-
tracts. We are paying for the excessive
industrial promotions of the early part
of the year.
Keenes operations on the long and
short side Of Leather, and on the short
side of the general market, are stated
to have already netted him enormous
profits.
Copper, industrially speaking, is al
ways dull at this season of the year.
The premium for spot over futures
Generally reversed) would indicate the
bearishness in London.