The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-10-03

pelhS nlghef ngure than mas Deen
seen for some months.
Morrison, Kekewich & Co. write from
London Sept. %. This metal markets
have been depressed by the political
outlook, copper receding rs cd under
realizations, closing firm, with spot
standard SIC lis Cd, three months ere
1Ss Sd. Turnover $500 tons. The spec
ulative account open is exceedingly
, small, but large orders are waiting to
be placed if prices further recede,
Money will probably continue active
this week, but we are surely approach
ing the end of stringency. Money
should soon return from the interior,
and moderate gold imports are likely
so that bank reserves will soon be re
stored to a more normal condition.
The strength in B. r. T. is the result
OF a belief that an arrangement had
been made which diminished the fric-
tion. growing out of recent purchases
of the stock
Outside market quiet; Centennial
Eureka 35QS5. Helvetia 1213@1sh,
Amalgamated ex div 92@35, Gas & Coke
5000, 5s S1@81h Montana c & C 101a
OIL, Little Tiger $1.95@$1,974s.
The copper market has been very
steady for some weeks on the basis
of 1870 for lake, and the producing in
terests are holding their price at that
Inquire. So far, the policy of the Anal
gamated, which is also followed by the
large producers rot in that combina-
ton, has been remarkably successful
in steadying the market No speeula-
ton in American copper is allowed and
sales are only made for consumption or
export.
Further forced reduction in loans is
considered not only probable but in
evitable,
Reece Buttonhole Machine Company,
quarterly, 8 per cent, payable Oct. IS to
stockholders of record Oct. 5.
Central Railroad Of New Jersey,
quarterly, per cent, payable Nov. l,
to stockholders Of record Oct g
Chicago. Oct, 2.--Stockholders and d.
rectors of the National Biscuit Com
pany met at the Grand Pacific Hotel
Saturday and it was reported that they
recommended an advance of ten per
cent in the prices of confeetioners sup
plies and an advance on bakery goods
Those present declined to give out de-
tails. B. f. Crawford, president Of
the company. presided Wolfe Adolf
phus of Kehoe & Co, said his firm had
not been notified of any advance in
prices but that prices on waters had
already been raised nearly twenty per
cent since they mad been controlled by
the combination.
Bonds of the American Bicycle Co, to
the amount of s1000O,G0O, are ready for
the market. In Worcester and the dis
trict Of which the city is the center, sub
seriptiops will be received by Winslew
& CO, The bankers placing the bonds
are Barring, Magoun & Co., of New
York, who SO successfully handled the
bond issue of the New England Cotton
Yarn Co.
The bonds are per cent sinking fund
gold debentures, of $1,000 each, dated
Sept l, 1899, due Sept l. 1919, but re-
deemable at the rate of $3.50, 900 per an
nun at los. Interest is paid semi-an-
nually. The property includes more
than 90 per cent of all the bicycle manu-
factories of the United States and Can
ada. These concerns built 562, 100 bicy-
cles In 1897 661,2 in 1898, and S41, GAP in
1899, the latter figure being partly an
estimate The net earnings We're $7,763, :
400 In 1895; So, 7OS, S67 in 1897; ST. S2S, 1884 in
1898, and $685. 6S4 in 1899, the latter fig
ure being a gain Of over $4,000 over
the preceding year. The company is in
corporated under the laws of New Jer-
sey with an issued capital of 10000 900,
of which $40. 000, 900 is to be I per cent
cumulative preferred stock, and $4,000, :
900 common stock. Application will be
made to list the securities on the New
York stock exchange.
The officers of the American Bicycle
Co. for the first year are: President, A.
@. Spalding; vice president, Col. George
H. Pope; I'd vice president, j. E. Brom-
ley; treasurer, A. L. Garford; secretary,
c. w. Dickerson; directors, A. G. Spald-
ing of Seabright, N. j., Col, A. A, Pope
Of Boston, R. Philip Gorn2ully of Chi
cago, r. L. Coleman of New York, e.
G. steaFns of Syracuse, j, w. Kiser of
Chicago, c. L. Ames of Chicago, H A.
Lozier of Cleveland, r. s. Crawford of
Hagarstown, Md, A. Featherstone of
Chicago, George w. Young of U. S.
Mortgage & Trust Co.. New York
Gardiner M. Lane, Of Lee, Higginson &
Co., Boston; Geo, F. Crane, of Barring,
Magoun & Co., New York.
The subscription books will be opened
Thursday, Oct. 5, at 10 o'clock, and will
be closed on or before Friday, Oct 6,
at o'clock.