The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-05-18

! covered and opened up in the last year.
i Both Clarke and DAILY have had eX-
perts and manipulators on the ground
for the last few weeks, and they are
absorbing the most valuable proper
ties. The rival investors have clashed
several times, and as a result the min
ers have raised the prices of their
properties. The Index district is on the
! Great Northern Railroad, and a score
Of mines can be made shippers within
q few months. The ore averages 20
| per cent copper.
The recent quarterly statement of
the New York, New Haven and Hart
ford Railroad indicates highly salts
factory state of affairs. Not only is the
road earning its per cent dividend,
but also an exceedingly handsome sur
plus above that requirement. 1t was
only a short time ago that 1t was the
custom to criticise the management OF
this corporation for its lavish eXpendi-
lures on improvements and to predict
that the dividend rate would eventual
ly be reduced to s per cent. This view
was shared in by many Of the sound
est thinkers in financial circles. The
New Haven management have been
justified by time, and their position can
now be seen to have been one which
denoted rare comprehensivenes of
judgment on their part.-U. S. Invest
l7or.
II. c. Friok of Chicago fatty denies
the story that books had been opened
for public subscription to the stock of
the reorganized Carnegie Steel Com
pany In Chicago, Pittsburg, New York,
Boston and Philadelphia.
He says: 1.-THE consolidation or merg-
ing of the Carnegie Steel Company and
F'rick Coke Company interests is yet
in formative state No definite plans
have been concluded, financial or other
wise. We have not authorized any
statements or publications as to our
business and its earnings, past, pres
ent or prospective.
In response to inquiries from several
correspondents regarding the reported
purpose of the Boston & Maine manage
ment to advance its dividend rate this
year, 1t may be said on excellent auth
GRITTY that the matter has not received
any consideration whatever at the
hands of the directors, and that such
action is extremely improbable.
A good many local conservative oper-
ators are coming to feel that the copper
shares are getting into shape for an
other good-sized lift during the hot
weather.
Several new copper ventures long
pending are now only awaiting improv-
to launch them.
The Boston Elevated company bought
the 300 tons of steel rail guards in Eng
land at S44 per ton, against $66 asked
in this country.
1t is reported that the international
| Paper company will declare a dividend
of or 6 per cent on common stock.
Utah mine has started preliminary
smelling and is treating about $50 tons
per day.
The advance in Southern Pacific
Tuesday was the result of a little in
side buying.
Some operators tested the market al
times Tuesday by offering prices down
which evidently satisfied them that toe
much stock WOULD be lost if a decline
were pressed any further.
The president of one of the large Bos.
ton banks says: No one need feel any
anxiety about money for the next three
months Money is rather easier than il
ought to be, and it Will, in my opinion
| be kept easy during the summer Easy
money is the foundation of speculation
and the measures that 1 see under way
with reference to the money marl1e
seem to me TO argue we'll for the com
paratively quiet hardening market fol
stocks.
The weak people have been shaker
out, not alone in the traction stocks
but in securities generally and stocks
/ have been bought by the capitalists Of
the country, and things are very much
| changed from the unsound conditions
| prevailing weeks ago.
Those who have watched the trading
in r. r. T. say there is decidedly good
| buying.