The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-08-29

eral buying movement would result in
| the higher figures.
| Exports,of copper are showing ma
terial interest lately, and since Aug. l
amount to $3.50 tons. Exports for the
past week were 1891 tons.
! A Houghton, Mich, dispatch says that
the Franklin will shortly start third
| head of stamps at its new mill and will
then treat 1850 tons daily There has
/ been considerable change of sentiment
| at Lake since Franklin started its new
mill two weeks ago. and there has been
some buying of stock. A smaller per-
| centage of Franklin stock is owned at
| or old.
The agent of the Sugar Trust, who is
expected from New York. will be in
Chicago today. A proposition has been
made to have conference with the
local jobbers and see if it is not posi-
BILE to adjust matters so that prices
may be put up to rate that will al
low fair profits.
Samuel Sloan says: "The general
situation is excellent, the country is
prosperous and will continue so. You
cannot block it. Expansion is the order
of the day--expansion in everything.
And we have a bright future ahead OF
us"
H. NJ. Whitney is reported i'll at sgd
ney-by the. bears.
State street broker, who has been
a persistent seller for the past month,
has been the largest buyer yesterday.
He is supposed to represent the original
insiders.
Vice President Morton figures that
with $40,000000 of gross earnings Atchi-
son can be operated at 81 D. c. for
expenses and earn p c. on the prefer
red stock and 100000 surplus on COM
mon stock.
Morrison Kekewich & Co. write from
London, Aug. 49,: "Bi-monthly copper
statistics show a decrease of 306 tons,
with deliveries large. During the latter
half of the month a large quantity of
furnace material will be delivered,
which promises to make deliveries for
the whole month a record. Electrolytic
sorts are in strong demand and unob-
tainable for prompt delivery. America
is firm at 1872 cents, for lake copper.
Producers find 1t difficult to supply the
unprecedented demand, and manufac-
turers are asking for deliveries in adj
vance of specified contract dates"
Czarnikow, McDougal & Co. ltd, New
York, say relative to the sugar market:
1t is impossible to tell what occasioned
the recent reduction in the prices of
refined sugars. 1t is the general opin-
ion that the sharp competition amongst
reflners, which had apparently ceased,
so much so that some thought there
was mutual understanding between
them not to open hostilities again during
the time ofNarge demand for refined,
has now been renewed, and that this
decline is only forerunner of others
A sugar broker says: 1t is suggested
that the trust may abandon the rebate
system, make prices net, the same as
Doesener's, and give premium of IA
to those buying exclusively from the
trust. This would cut down the profits
of the trust, but the outside refiners
would have to meet 1t, for they are in
the business to stay. The situation is
thought to be more serious than at any
time since the sugar war began.
Three copper companies were organ
lied on Saturday afternoon in the office
OF the New Jersey corporation agency
in Jersey City. The corporations are
the Angang Copper Company, capital
$1,0O0,000; the Oxide Copper Company.
capital $4,000, 900, and the Island Copper
Company, capital 100000, which will be
increased to $10,000,000. The directors
of the Angang Company are Charles H.
Dickey, Charles B. Burrage, Charles N.
King and Edward E. Storey. These
men are also directors of the other
companies, with the addition of U. H.
Broughton and Nathan F. Leopold in
the Island Company, and George n.
Sisson in the Oxide Company 1t is said
that the Standard Oil people are back
ing these concerns.
New York Central stockholders yes
terday morning We're in receipt of a
formal notice of the special meeting
called for Sept. q at Albany to vote
upon the question of approving a lease
of the Boston & Albany railroad. Sec
rotary Worcester in the notice says:
THE Boston & Albany line has been
for many years, and is now, this COM
pany's principal connection to Boston,
and its main inlet into New England
The long existing relations continue I'M
changed, but it has been considered
advisable to make them substantially
permanent" Proxies run to Cornelius
Vanderbilt William K Vanderbilt.
Chauncey M. Depew and Samuel r..
Galloway.
The Worcester clearing house state
ment for today, compared with the COR
responding day in 1898, is as follows:
1898. 1899.
Clearings...... $182, 5SO.03 1885,, 1856. OF
Balance. ........ n 352.01' 90 265 on