The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-07-23
MARKET NOTES.


Amalgamated was quiet, with 9S bid,
offered at 9Sss; Mayfower, 67; Elm
River, 11Q11%; Gas, 1 sales.
New York disposed to sell Sugar in
this market.
No pinch in money is anticipated I'M
less conditions should arise which
would bring about decided break in
the shares of the new industrial con-
/ GERMS
The copper market is resting on a
! solid foundation. Lake producers be-
ing well sold up for most of the balance
OF the year, indications seem to point
% the possibility of higher figures than
those now ruling. Lake is quoted at
lS1sc for future delivery Spot is an
1 exceedingly scarce commodity and I'M
quotable. Electrolytic brand 17s@
u, and casting sorts 1715c
| sentiment on the granger stocks
! shows marked change Not long ago
! even holders of these stocks were rather
afraid of crop conditions, while the pro-
Iesslonal element was bearish to a man.
1oday the outlook is favorab BILE to the
largest corn crop on record, and an
abundant yield of spring wheat. Bur
| lngton June statement is due at any
moment, and lit will make a splendid
showing. Officials of the road report
the increase of earnings for July as
breaking all anticipations.-Ha &
Freese.
Exports of copper from New York
yesterday aggregated Is tons and from
Baltlmore S26 tons, a total of BAL tons.
The testimony Of railroad men almost
universally is that if the present crops
are harvested without accident. thew
VIII give the railroads all the business
| they want for year to come
watson q Gibson: The gold from orr
own mines and from the Klondike con-
stltute the only means of genuine re-
cuperatlon to offset country withdraw
ais of deposits.
Edwin Wallace of United Verde, Jr.
says: Copper is attracting a vast
amount of attention and viii contin n1e
70 40 80 Tor years to come. European
countries have only begun to use this
metal IN buildings and electrical de-
partments. This use will increase
greatly and continue permanently, The
enormous improvements that are being
MADE in China and Russia will con-
sumo vast amount of copper, The
same may be said of our new possess
sions, Cuba and all the countries in
South America"
A London dispatch says: The mar
kets today were firm, but there was a
small attendance owing to the Oxford
ana Cambridge and Harvard and Yale
Sports. Americans were slightly over
parity West Australian mines again
were strong, and Kaffirs lower Span
lsh bonds were up on the ARRANGEMENT
petWeen the government and the oppo-
sltlon which will allow of congress be-
Ing adjourned
president Gary of the Federal Steel
company says that the directors can
take no action on a common stock div
,aeIlu prior to Jan. 1, 1900. At a meet
ing OF the directors next Tuesday the
matter OF adopting a bylaw whereby
the court will modify the Injunction SO
as 70 permit the declaration of pre-
Ierreo STOCK dividend before the expira-
lion OF the year will be considered.
George D. Roberts, director of tho
mint, predicts that this years gold
yield from the Klondike will reach Sf8
oV0,0O0 or $4,000 600 and that most Of
This will come to New York banks. The
gold receipts from the Klondil<e AL
ready received amount to S11 900 O00
which offsets the gold exported thus far
to Europe.
]. S. McLennan, treasurer of the Do
mlnlon Coal Company, wires from Syd-
ney, Cape Breton, as follows: "There
IS no fire in any part of the Caledonia
mine now being worked or that could
pe worked in the future, nor any possi-
pllity of the old fire extending to any
part Of the mine available in the f,I-
lure. steps are being taken to com
p!etely extinguish the old fire instead Of
clrcumscr1hing It, Change Of ventiIa-
tion TO effect this and other steps will
prevent the mine from working for a
Gay or two; win then resume hosting
NO one has been affected by gas since
the explosion and there Is no danger
from gas. The strike at the Dominion
mine is unimportant and is confined
entirely to boys"
At meeting of the directors of the
Portland & Rochester railroad at Port
land yesterday it was voted to sell the
minority shares to the Boston e. Maine
Stockholders will ratify this action in
October.
On the local curb quotations were
Amalgamated 9S@9S1S; Little Tiger
Coo. Mayhower, 607; Elm River
ll@11%; Bay State Gas. 1@1 1-S2: For
tuna, 55Q65c
General Manager Robert B. Estev Of
the Revenue Leasing and Mining Com
| pany has succeeded in obtaining leases
on the Reconstruction McGregor and
| Manhattan claims for the company. He
writes under date Of June 49, There is
one more piece of ground upon which I
am negotiating for lease for the com
pany, and expect to succeed ultimate
| ~; however, we now have the ground
which we most particularly desired. In
Guiding these last leases, the companv's
leased area is 1902 acres, which. with
| the company's own territory added,
makes the total area controlled by the
company 1872 acres. No. l shaft is now
down las feet. At No. 2 shaft the crib.
bling is complete and machinery on the
| ground. We will proceed to put this
machinery, gallows frame etc. in place
| Just as soon as No. l is completed'