The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-10-18
FINANCIAL NOTES.

The Mexican Central has already Sc
cured big contracts for excursions for
the coming year, and indications are
that it will have the largest excursion
traffic in the history of the road
The increase in the Atchison net
earnings for September is estimated at
5000 600.
The two subjects now most seriously
under discussion are. first, the money
situation, and next the metal situation.
Money is tight the world over. In
fact, such an activity and such a de-
mand for money was never so great as
in the present generation. Steel and
copper however, are kings in truth.
H. Rogers of the Standard Oil Com
pany tells his friends that he is salts
fed with the outlook on Arcadian, not
withstanding that the company has
ceased the erection of this contemplated
second mill of three heads of stamps.
Butte and Boston is understood to be
doing a little better than 100000 600
pounds of copper per annum.
The Pullman Palace Car stock has
made another sharp advance. The
only definite news in regard to it con-
Germs the sale of its property in the
city of Pullman. There is a story that
Company, its only important competi-
tor.
The American Steel and Wire Com
pany has engaged ocean steamer room
to the extent of 5000 tons per month
from Boston for the expectation of
coiled wire and nails.
Nerve and money are the powers that
win now. 1t has always been and al
ways will be So
The copper share counter is overload
ed with bargains.
Worcester and Marlboro Street Rail
way directors. have declared dividend
of 212 per cent, payable Nov. Is to the
stock of record, Nov. /.
Watson & Gibson. 1t looks as if the
bears had sold the market to a stand
still, and that if they Should get in a
hurry to cover, they might have occa-
sion to wonder why stocks do not come
out. The big bears are hardly in a
comfortable position, for they have nc
tales to tell of impending stoppages OF
dividends by great corporations, OF
bank failures, of commercial collapse
Of bad crops, of probable tariff changes
Exports Of copper from New York
yesterday aggregated so tons. There
arrived at New York 2026 tons ores
from Tilt Cove, and at Baltimore 4SC
tons bars from Liverpool.
1t is quite likely that the market will
be attacked vigorously and frequently
but unless attacks bring more liquida-
ton than they have done OF late, bull
sentiment win increase, and prices will
begin to improve.
Few people," says Keene in a bear
ish interview, know how serious have
been the losses to individuals and firms
in and out Of Wall street by too ex-
| tended undertakings of the issues Of
new industrial combinations lately ex-
| plotted. 1t is well known that with
the exception of the first few issues
the bulk of the fotations since have
been failures, bringing with such fail.
ures widespread losses to underwriters
and institutions. The stocks of the
new combinations, or most of them, are
absolutely unsaleable and, of course
valueless as collateral.
THE underwater who has paid to the
institution financing the new trust the
amount of his underwriting commit.
ment to it, is crippled by the amount
so paid, for he receives securities in re-
turn which he cannot borrow on or sell
except at frightful loss. If he has
failed to respond to the financial in
stitution's call for his guarantee to it
then he makes that institution carry
his load, and that depends on the pub.
| lie for deposits