The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-09-07
MARKET NOTES.

stock is now better held than ever be-
fore in the history of the road.
A Broker just back from Europe
says: London is more likely to be a
large buyer than a large seller here
There is a better feeling in regard to
American properties"
As concerns the general outlook, much
is believed to depend on the foreign
news If peaceful, a further rally is
predicted. Money has worked decidedly
closer.
Copper was selling II months ago at
Pie, today at 1S1ac. G. NJ. b. spot
copper was then quoted at 951 1Ss. Sd.
today at e77 The foreign visible sup
ply was year ago 2S,9S7 tons; today
it is around $4,000
1t is board gossip that the New York
stock exchange seat of a prominent
Boston bear" trader is for sale
London, 2.S0-American market opened
firm, but since reacted fractionally all
around.
The pamphlet report of the Fitchburg
railroad for the year ended June 30 is
published The income account was
published on Aug. 16, and showed a sur
plus, after interest taxes and rentals
of S7S6,797, as compared witt SOS, 259
the year previous. Dividends called for
year amounted to SIP, 265; this balance
was carried to Improvement account.
President Goldman in his report says:
The addition to revenue has been $2S1,
610, of which S43, 121 was from passenger
traffic. Freight tonnage increased 325, :
543 tons and 5S, 81, 1853 ton miles. Owing
TO the continued fall of rates, the in
crease of revenue has not kept pace
with the increase of tonnage. There
i or
pound steel rails and 272,679 ties. rhe
roadway from West Cambridge is being
Widened so as to accommodate four
tracks. Two hundred box freight cars
of 80 tons capacity each have been pur-
chased 10 drop-side coal cars nave
been built, and 100 furniture cars, 80
tons capacity and 40 feet long, have
been finished and delivered"
The Salt Lake Tribune of Aug. 81
says: Manager j. w. Neill of the United
States Minging Company came in from
its camp at Bingham yesterday with
tidings of another strike in which lead
and silver predominant. The new body
was encountered on the hanging wall
in the Old Jordan, after Superintendent
Mayberry had driven through twenty
six feet of ore, in which copper perpon-
derated.
Boston prices: Amalgamated, $3.50
971g United States mining rights, 3G3A,
sales at 3; Bay State Gas, 15-16@1; Gas
& Coke, 331aG33A, do IS S51a@S61g; May
flower, sac Elm River, 11@12; Tonnes
see Copper 1874 @2O1s Fortuna, 4215G
45c; Elm River offered at u.
New York curb prices: Distilling
Company, of America 1917 go; Nation
al Salt, 46947, preferred 76@767s; New
England Transportation, 9% @1OA: New
Amsterdam Gas, 34s4 G3514, preferred
5S1aQ5918; New York Electric Transpor-
tation, 22h@2914 Baking Powder pre-
ferred, 99R@100; Rubber Goods. 34m35
preferred SS@S9A; Standard Oil, 465@
ass.
The directors of the American Sugar
Refining Company today declared the
regular quarterly dividends of per
cent on the common stock and ia or
the preferred stock, payable Oct. 2 to
stockholders on record Sept. IL.
The Worcester Clearing House state
ment for today, compared with the cor
responding date in 1898, is as follows
Clearings ........ $217, 6O1.93 1921, los. 4;
Balances ........ 51,259.25 36,292.21
One of the most successful operators
in the street says: Il do not agree at
all with the idea that the bull market
is over. If so, the shrewdest men in
the street, men who have been able Ia
make large fortunes for themselves. are
wrong both in opinion and in their line
of action. They are going on the theory
that there must come a period of active
speculation in industrial shares. This
will result first from fact that specula-
ton has run out in railway stocks
Railway shares will be as high as there
is any reason for their going. People
will see railroad stocks paying 4 pei
cent. selling at 80, and preferred indus
trial stocks paying per cent selling al
50. They will see the common stocks
of Industrial companies showing earn
ings of 10 per cent paying 8 per cent. OF
. per cent, selling around so. 1t will bt
admitted that these are earnings O:
boom times, but people will be wilma
to gamble on the fact that the orders
Which these companies will have in
hand will assure maintenance of earn.
ings and dividends for year or more
to come. They will therefore buy these
stocks for return. I believe that a con
siderable number of industrial preferred
stocks will rank high as investments
and that there is an opportunity TO-DAY
to pick out industrial shares, selling
much below par, which in the next ter
years will take position as investments
above 140."