The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-08-06
MARKET NOTES.

There are getting to be. two sides to
the market, with aggressive leadership
slowly developing on the bear side of
sufficient promise to bring a change Of
view to those who are working for inn
mediate turns
Prime telegraphs from Chicago:
Eastern Nebraska says that the rains
last week were just in time to help the
corn through, and farmers seem to
think that this corn crop will exceed
the corn crop of 1898. New oats will
begin to move quite freely, although
the price is low Raining now. This
will be great help to corn in Hi
nois"
Western storms of last few days
lodged large amount of grain. Large
areas destroyed by hail resulted in loss
exceeding 100000 bushels. Add to this
the damage by heat and the yield is
considerably reduced. Scarcely a field
In northwest is free from rust.
The Boston and Albany protective
committee held proxies last night, in
opposition to the New York Central
lease, REPRESENTING over seventy thou
sand shares
Boston curb prices: Amalgamated
971s, Bay State Gas 1, Gas & Coke
25@26, ditto SIS 79@SO, Fortuna 4oc, Co
chit rights 50@60c
A metal broker says: 1.-THE foreign
statistics of copper make the visible
supply on Aug. l, 4440 tons larger than
two weeks ago. Our own exports of
copper for the year show a falling off
of some 10000 tons, as compared with
the same period last year And yet
there is no copper in sight here, and
higher prices are predicted. The man
ayers of the Amalgamated Copper
Company are among the most long
headed men in the world, and their
control of the situation seems to be
complete.
1t is talked that the next Montana
dividend may be SIS per share. This
would call for the payment of $2,250,-
O0O The company is producing at the
rate of 10000, 900 pounds of refined COP
per per annum. For the first half Of
the current year the company was pro-
ducing at the rate of 62,000,0O0 pounds
per annum. Its copper of late years
has never cost above 6 cents. per pound,
and its average selling price this year
it is believed will be in the neighbor-
hood of Is cents. On this basis, total
net receipts on 100000 pound pro-
duction should be $4,000, 600, or $42 per
share.
We believe the market purchase on
every slight recession. People are
looking for a big bull movement in Sep
TENDER, but now is the time to buy
stocks. The general public was look
ing for the beginning of the big spring
BUN market last January, but it came
in full force in December, and the peo-
pie were jumping over each other in
their efforts to get aboard after a s
to point advance. Two of the best
purchases on the Boston list are Do
minion Coal and Gas and Coke.-Corey
dilliken & Co.
An Atchison director says: Our earn
ings warrant the payment of preferred
stock dividends at the rate of 8 per cent
instead of 21a per cent. E. There is not
disappointing feature in our bust
ness at present. Our traffic. both
freight and passenger, is showing
steady increases and prospects for the
future were never more favorable than
they are today. The Kansas members
Of our board are very confident over
the situation, and say that Kansas
crops are so far advanced that even
with adverse conditions during the next
ten days, the crops would be larger
than ever before.
New York curb prices: Standard oil
46OQ6S, Amalgamated Copper S66197. All
Power 70@73 Havana Commercial 26d
II, Pump 26@271s, New England Trans.
portation 10A@a4. New York Transpor.
tation 24k@&, Illinois Transportation
912Q6, Republic Steel 221sG23, preferred
| TX bid, Amsterdam Gas 321b03S15
Rubber Goods 301s@31, preferred S7@K