The Worcester spy., 1899-07-25
FTNANCIAL AND COMMERCIAL.

I ing Journal says. The sinking in the
East Gray Rock shaft OF the Butte
property commenced two weeks ago. z
depth Of 80 feet below the starting
pcint being obtained, when orders from
the directors came for a cessation OF
work Much speculation is rife at the
unusual proceedingS local report having
II that this property having been alb
sorbed BY AInalgaInated. viii IN the fu-
Jure be worked through the Diamond.
the adjoining elaiTns property of the
Anaconda Company =
STANDARD OH certificates are being
liquidated and converted into the cor
porate stocks The new stock sells
about 2& points-bessw the trust certifi-
Gates, and ls pEactiealiy ex-diyidend,
but the Valt1s OF the old and the new
securities IS the same in other respects.
sugar broker says: THE trust is
addressing letters tOs all of its factors.
70 the etfefot that unless they have al
ready contracted for sugar supplies for
the balsnce Of 1899, il is suggested that
they de- so without delay. This shows
thaL the company IS neglecting Moth
ing 10 press the sale OF its goods, and
they are making very heavy contracts
under this offer. while the movement
AID distribution Of refined sugar is very.
arge. The other refiners are also
pressing sales under similar con-
tracts.
Prime reports from Chicago: 'tWeI
/ have now had IL consecutive days Of
good forcing weather, and it has
brought all the late sown and seeded
crops, probably with the exception Of
spring wheat, fully up to an average
for the time Of the year. Already
plowing for the new crop of winter
wheat has commenced in the southern
area Of the winter wheat belt, the
ground being in excellent condition for
that work No general disaster has
yet fallen upon the spring wheat crop.
Corn has made very rapid growth, is
caring out nearly everywhere, and has
made up for lost time very rapidly Sol
far, it has encountered no setback from
hot winds or Insects
It is expected that the payment of
the dividend on both the common and
preferred shares of Federal Steel will be
made by due bills.
The Butte Inter-Mountain says: AL
report is current among mining men
that the Speculator mine, owned joint
ly by John Creighton Of Omaha and
the Largey estate, has been sold recent
ly to Amalgamated, the purchase price
being In the neighborhood Of 81. 900 600
The Spectator has always been con-
sidered one Of the great copper pro-
ducers Of the district and 1t is said
that there is about three-quarters of a
the present time. New machinery is
now being placed on the ground
The Boston and Maine Railroad Com
pany has contracted with the Gas and
Coke Company for the supply of 15O, 600
tons Of coke per year. The Boston and
Maine has been experimenting with this
coke for some time and it has given
such satisfaction that the company has
ordered the installation of coke crates
in 100 Of its passenger engines Presf- |
dent Tuttle says that il is only ques-
tion of time when the Boston and
Maine will be burning coke instead Of
coal on all its passenger engines, not
only as a matter of economy, but the
public will demand II. Fitchburg peo-
pie have been experimenting with coke,
and President Goldman says that asi
soon as the Boston and Maine has de-
teTmined the most economical and best
adapted CRATE for the burning of coke
the F1tchburg Railroad viii start
changing over its passenger engines.