The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-05-19
MARKET NOTES.

The directors of the Tamarack Min
ing Company have declared a regular
semi-annual dividend of 81 per share
! (S24O, OOO), payable June 81 to stoclshold-
ers of record May 81. The payment of
this dividend will bring the total divi-
dend disbursements up to $5,91OO00.
The savings bank commissioners have
ruled, on advice of the attorney gener-
al, that C. B. &. G. bonds are eligible
for investment by Massachusetts, saw
ings banks as provided in the recent
act of the legislature.
There is no basis for the rumors re-
Gently circulated to the effect that the
Boston Elevated would shortly call IN
the remaining so p. C. due per share,
1t is probable that the balance due Will
be called in only as required for con-
struction. The so p. C. may be called
in instruments, though the matter has
not been formally brought before the
board of directors. 1t is not believed
that any call will be made for at least
so to 80 days.
E. r. Morse says he found that New
York and Philadelphia bankers who
had previously been identified with the
management Of the North Shore Trac-
ton Co. began the st. R. r. consoiida-
ton Just effected; but, feeling that this
was not only continuance but an in
crease of the undesirable conditions
which had attached to the management
Of our railroads by foreign corporations,
he asked the leader in the enterprise
If he would not turn the whole matter
over to him (Morse), explaining that
he thought he could make 1t much more
Of a success as g. Boston enterprise
than the other could in trying to man
age it from New York. The outside
agreed to transfer the whole project
on condition that Mr.. Morse would give
him an interest in the common stock
that might be issued, which was -d0re.
The return Of H. H. Rogers of the
Standard Oil Co., after vacation OF
several weeks, followed by an irme-
date advance in the stock market,
points rather strongly to the source OF
the present buying movement. W'fh
such leadership there is no DOUBT
stronger following than before could
be obtained. The speculation has scarce
w begun in many of the industrial Sc
curities in which they are especially
interested. They certainly intend to
make a market for them, but could not
well do it with the general market de-
moralized, or, at any rate, WlTnout
manifest support.
An official Of the Diamond Match
Company says that the absorption OF
all the independent companies by tne
Diamond Company is now practlcally
assured. This includes the Continen-
TAI (Gould) Company, whose officers
have denied that they would be in the
Subscriptions to the Carnegie Steel
Company which are being received In
Chicago, are at $106 per share of pre-
ferred, a share of common beng given
as bonus with each share of preferred
The securities to be issued are $780,
100000 bonds paid to Mr.. Carnegi re
$3.50 900 900 preferred and $275,OOO, O0O
common. Thus S25,0O00O0 common is
left for the syndicate managers. The
az premium per share will give the
company a working capital Of $4,000,
mo The partners will take all the
preferred except between $60,000OO0 and
SIS. OOO, 900 that is offered to the pub
lie.
panyshas started its preliminary smelt-
ing, and is now treating about $50 tons
of ore daily.
The Bangor and Aroostook Railroad
Company earned for the quarter end
ing March 81, 1922, 1882 gross, $7S,l6l net
and 1910 surplus.
II is Gin the air. that another move
ment for the copper shares is coming
The feeling on the street ana IN the
leading commission houses on these
securities is certainly better than it has
been in a long time. =,
The United States Oil Company viii
hereafter have its transfer office
at its headquarters, instead of at the
Office Of the American Loan and Trust
Company.
ket for the big industrial interests to
allow values to go off seriously.