The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-08-23
MARKET NOTES.

Leonard Lewisohn has returned from
abroad perfectly satisfied with the TO.
reign copper situation Mr. Liwisohr
returned a great bull upon Anaconda
and Amalgamated.
Aside from what business the Calu-
met & Hecla has been doing at 1917
there is nothing special to report In
| copper transactions. The market seems
TO be scraping on bottom at 1S12c and
no one appears willing to part WITH
Lake under those figures. The demand
is still sufficiently great to absorb the
! current output, which is largely SOLD
| up in advance of shipments
The New York Times says that over
| 100000 shares of Atchison stock have
been bought for foreign account during
the past so days. Berlin as well as
london has taken the stocks.
! 1t looks very much as if the autumn
would witness such a general intoxi-
| cation of mind in this country, as to
our wealth, resources and prosperity
as to lead up to a genuine speculative
| furpre.
All but about 10000 shares of Monta-
ma are now deposited under the publish
ed agreement by which they can be de-
llvered to Amalgamated in the sale OF
montana TO Amalganated.
Fl. c. Payne has returned from a trip
over the whole length of the northern
Pacific. He says that the entire prop
erty is in splendid shape, and that bus
mess conditions are better In the coun-
try tributary to Northern Pacific than
he ever saw them before
An official of the International Paper
Co. says: Il understand the selling
was based on rumor that there would
be no dividend on the common in Sep
TENDER. Directors, as far as 1 know,
will declare at least per cent.
The stock list committee of the New
York exchange has rejected the Steel
& Wire Co
Advices from England indicate that
this years wheat crop is one of the
best harvested in that country in sew
eral years.
Chicago curb. Sept. wheat opened
n5sQ1%.
A gentleman who is good authority
says Of Montana that the next divi-
dend, in November, will be SIS a share.
This viii make $36 for the year, calling
for S5,4o000o The company makes 60,-
100000 lbs, Of copper year, needing 8
cents profit in order to make the So
100000. That means an average price
of l51s GETS The surplus being now in
SASSAO ~ FosbuNsVSbt AlO dtlQl-
tfons win be made to it, but the earn
ings as made viii be divided
The shortage in pig iron is becoming
serious. One of the largest Pittsburg
plants was obliged to shut down twice
last week through inability to obtain
raw material, and it is said that the
Carnegie Co.. is very close to a famine.
Such a condition has never before
been known in Pittsburg. The Mahon-
ing and Shenango furnaces will not ac-
cept any further orders for their 1900
product, being practically sold is mos.
IN advance. It is predicted that pig
iron will adwance to SIS per ton before
the close Of the year, and that it Will
be scarce even at that figure
Kansas is preparing to harvest a
corn crop which, unless untimely frost
or some other catastrophe intervenes,
VIII be far the heaviest in the history
OF the state This has been said be-
fore, but it's importance to the whole
country is hardly understood. IT
means that farmers will pay the bal
ance OF their mortgage debts, that east
ern money will have to seek other
sources of investment; that in the in
vestment market it will meet with com
petition from western capital. II
means that the farmers of the west
VIII De larger consumers of our manu-
features than ever before; that they
will have more money for what are
called necessities here, which have here
tofore been luxuries there. II means
that more liberal expenditures will be
made by municipalities for public
works; that water, gas and electric
plants will be constructed or ENLARGED:
that more money will be spent upon
roads, buildings and other permanent
improvements.
Holyoke, Aug. 22.-The anticipated
rise in the price of writing paper. as an
outcome of the trust, has come, the
Jobbers having been notified by the
American Writing Paper Company that
all the cheaper grades were TO be adj
vanced one-half a cent. The move
ment is said to be necessary on account
of an unprecedented scarcity Of raw
material, soda and sulphite pulp being
practically out of the market. eve
are quoting soda at 215 cents" said one
or the largest manufacturers, land we
would ask ~ if we had the nerve. But
there is none to sell, so the quotation
Is not Of much account. The price will
proDably advance another quarter Of a
cent in a few weeks" At the same
time wood has advanced, and the Phil
aoelphia mills were called on suddenly
last week to pay 81 for cord of 12S on
pic feet, where they formerly paid from
V TO SO for cord of 100 cubic feet. II
IL years, all the pulp makers say there
has not been such a demand.
The following statement in regard tr
Amalgamated Copper is from good au.
thority: We feel no anxiety In regard
to the outcome in connection WITH
either the property or. Of the stock The
statistical position Of copper is strong
The supplies are well located and con.
trolled. The demand is large, and will
be larger before it is less. There is nc
abatement OF confidence by insiders as
to the ultimate outcome They exnect
to see Amalgamated Copper sell at higI
prices or demand growing out of thf
rnRFitc ~ INA 49, - N-AN