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

Leading copper men maintain that
the basis Of the strong position Of the
metal is the legitimate demand that
exists for it, and as this continues to
be very great. no serious market slump
is considered at all probable in the near
future.
1t is the opinion of bankers that call
money ought to rule somewhat above
the normal for some time yet, but some
believe that corner is being turned
Sugar brokers say that the demorali-
cation of the trade on account of the
r1valries of refneries, is growing
worse
Steamship st. Louis brought S2,15O,
OOO gold assigned to Lazard and J. &
w. Seligman, yesterday. Steamship
La Champagne also had 469,115 francs.
With about nine-tenths of the zinc
mines of the Missouri Kansas district
shut down last week, the output of ore
was necessarily small. but the surplus
that had been left over by the buyers
VINO would not pay the Zinc Miners
Association schedule, made the sales
about two-thirds of the average
Present conditions in the money mar
ket abroad reflect, of course, a consid-
cradle strain. Therefore, it is reason
able to suppose that change will
shortly occur, and it will be remark
able If the Bank of England is not able
SO to strengthen itself in the next week
or two as to be able to reduce its rate
In recent years a per cent rate by the
Bank of England has always suffioed
with reasonable promptness to remedy
the situation.
stock exchange houses yesterday
morning wagered $500 even money on
the yacht race, State street betting on
the Columbia and Milk street on the
Shamrock
Boston curb prices: Boston CONSOLE
dated, 7A@&; Little Tiger, $1.97@s2;
Fortuna, 35@375a cents; Amalgamated
90h@9113; Helvetia, 121a@133s; Centen-
NAL Eureka. S3ts@95; Bay State Cas-
$3.50 cents.
The week opened at the New York
Stock Exchange with a higher level of
prices. Trading was fairly large, and
the standard stocks were in demand.
London's improved prices for Amer
leans were reflected in good gains in
the internationals. Southern preferred
advanced a point, and Louisville and
Nashville and Northern Pacific pre-
ferred rose a large fraction each. Fluc-
tnations in the specialties were unim-
portant, aside from Brooklyn Transit,
which quickly lost a point. An inquiry
developed for some of the metal issues
and Federal Steel and Steel and Wire
responded 1@1%. Tennessee Coal was
neglected and lower Pressure relaxed
against Brooklyn Transit and the ini-
tial loss was recovered. Local stocks
generally were quiet. Profit taking in
Louisville and Nashville Cancelled its
rise, but other railways, although dull
were well supported Pullman opened
points off, but Jumped points soon.
President Burt Of Union Pacific, Sec
rotary Miller and other large stock
holders have gone to Salt Lake City to
attend the two meetings which will re-
suit in the absorption of the Oregon
Short Line and the Oregon Railway
ana Navigation Company systems and
the election of Is directors of the Union
Pacific Railroad
A special dispatch from Denver, Col,
says: j. D. Crimmin of Boston left
Denver for home last night, after a trip
to the Klondike whence he returns
with large amount Of gold, said to be
nearly 100000. DR.. c. E. Watkins and
H. H. Sanderson of Boston left Denver
yesterday for Grand Canon, Col, where
they will install a $4,000 plant on six
teen placer claims recently reported by
experts to be very valuable. A strip
of the best ground of about 1000 acres
is owned by Boston people and the
sand runs from 81 to $12 to the yard. A
dispatch from Phoenix last night says
that e. Wallace has bought twelve
claims in the San Domingo mining dis
trict for Boston parties, paying $25, 900.
London Statist-The Atchison Rail-
road is performing what it's officers
promised. AS the betterment outlays,
which We're remarkably heavy in the
December half of last year, have been
discontinued, savings in expenses are
shown, combined with large increases
in gross receipts. Hence the improve
ment in net earnings is great. In Au-
gust an expansion of s5660O0 in gross
receipts was attended by a decrease of
$141 900 in expenses, and the gain in net
earnings was 100000 For the two
months to the end of August an ex-
pansion of $1,0O2,000 in gross receipts
has given an increase of $1,205000 in
the earnings For the year ended June
30, 1899, the company earned profit of
$4 $4,000, after payment of the interest
on the adjustment bonds. An increase
of 1,205, 900 in the first two months of
the new year would raise the profit to
nearly $5,400,000, if only the results of
the 10 months to June 80, 1899, are
maintained in the corresponding
months to June 3d. 1900. So far as can
be seen, they will be more than main
tanned
The annual meeting of the Worcester
clearing house was held yesterday af-
ternoon at the Citizens National
Bank. The old board of officers was re-
elected as follows; Nathaniel Paine,
president; George A. Smith, secretary
and manager; William Woodward
Samuel H. Clary and Henry P. Murray
clearing house committee.
THE MARKET ELSEWHERE.