The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-07-18
MARKET NOTES.


wheat country are not of the cheerful
sort, rust and excessive heat being re-
ported in South Dakota, while grass
hoppers are reported in the corn belt.
1t is still talked that the Montana di-
rectors will declare a dividend today
of $40 per share, but 81 is nearer the
mark.
Unless something of a most unexpect-
ed nature happens, it is the general be-
lief that the strike on the Brooklyn
Rapid Transit will be over in a few days,
at most.
The buying of sugar at present is ia
ken as an indication that the stock is
likely to pass to a much higher level
and be maintained there by investment
buying.
The market will largely depend on the
rates for money; the best posted bank
ers believe that from now on will show
large gains in the reserves.
Nine dollars was bid for the dividend
on any part of 5000 shares of Boston
and Montana
Visible supply of copper in England
decreased 4S9 tons in the first half of
July, following a 1852 tons decrease in
the month of June. July 10 the total
was 2S,515 tons, against 30,156 July !,
l. L, -
1886 Jan. l. Supplies for the half month
were S247 tons, deliveries. 1886 tons.
The Trimountain mine has made a
rich strike of copper with the diamond
drill explorations. 1t also is sinking a
shaft on what should be the outcrop-
ping of the rich finds on the Copper
Range Company's lands.
A Philadelphia dispatch says that the
American Bell Telephone Company has
completed its arrangements for the
transfer of its entire business to New
York city at an early date by a CONSOLE
dalton with the American Telephone
and Telegraph Company. The stock
of the latter company will be listed
upon the New York stock exchange.
The offices of the company in Boston
will be occupied by the New England
Company which needs more room for
its largely increasing business.
President Fay of the Mayflower Min
ing Company is greatly pleased with
developments to date. He says: There
are nine known lodes on the Old Col
ony property, and all of them cross the
Mayfiower. The last find which we
made on the latter property was on an
amygdaloid lode, which we struck,
partly by accident, 1000 feet east of the
so-called Old Colony lode Thus far
we have demonstrated three copper
bearing lodes on the Mayflower. We
are, of course, only making preliminary
explorations at present, but as far as
they have gone, they are in every way
satisfactory and give evidence of large
bodies of pay ore which in time will
make of the Mayflower property a
splendid mining property"
The United Shoe Machinery Company
is today paying dividends Of IL per
cent (Sf1s cents per shafe) on the COM
mon stock. Treasurer Brown states
that engraved certificates will be ready
for delivery Sept. l. and will be ex-
changed for temporary receipts upon
surrender of the latter to the American
Loan and Trust Company.
1t is reported from Springfield that
the American Fine Writing Paper Com
pany and the United States Envelope
Company are contemplating consolida-
ton. This is believed to be very fea-
sible consolidation, as President Nor
gan of the Fine Writing Paper Com
pany is vice president of the United
States Envelope Company, and the
same interests are largely identified
with both companies.
We give the capitalization and statis-
tics of both companies
Writing Paper Co. Envelope Co.
Bonds .$17, 100000 Is g $1,5OO0OO e p g
Pfd; stock, 20 roo ooo o--oo,o
C....... lI,0VU,UVU o,f0UUUU
Com. stock 9,5O0,O00 $50 900
No of Cos.
combined q 10
Controls
trade -. 76pc cope
The subscription for the per cent
bonds of the American Fine Writing Pa
per company which opened at 10 o'clock
yesterday morning at the office of Strong,
Sturgis & Co, New York; Lee, Higginson
& Co, Boston, and Winslow & Co. of
| this city, is proceeding very satisfactorily
A large amount of Worcester capital will
| find its way into these desirable bonds
The books close at or before o'clock to-