The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-08-31
MARKET NOTES.


and generally well above opening or
New York buying and local support
all round.
The general heaviness Tuesday was
helped by Mcintyre & Wardwen, who
We're thought to have sold something
like 10000 shares of various stock. II
was called western selling.
J. p. Morgan, who has been away
from the street for several weeks, is
expected to be in his office today Some
of the Vanderbilts who have also been
absent are expected to return this
week.
Liquidation in wheat yesterday made
further progress in the September de-
livery largely due to rumors that
there would be 100000 bushels deliv-
cred on Sept, L and the receipt of 800
cars of new wheat late in the day at
Duluth.
The Quincy mine is treating about
1900 tons of rock daily. Underground
appearance is improving, and it is prob
able that July production will represent
low water mark for many years to
come.
Exports of copper from New York
Tuesday aggregated I'll tons, and from
Baltimore 389 tons, total of 500 tons.
The sugar trade expects that some
trouble win arise in connection with
the negotiations said to be going on
between the Wholesale Grocers' Asso-
citation and the trust.
That war would necessarily result in
tightening up the money market in Eu-
rope is obvious. That in turn this
would react upon our market is GER
tain.
The paper trust dividend on common
was offered both on the floor and to
interests identified with the company
considerably below the regular rate
without flndin buyers yesterday.
James Lewis & Son, Liverpool, Aug.
Is, say: 1.-THE natural effect of the
large increase in the visible supply of
copper on the first of the month was
neutralized by purchases on American
account, presumably on behalf of Anal
gamated-35s. being paid for the call
over three months at SIT. Notwith-
standing the reported scarcity of re-
fined copper in the United States. the
shipments from thence continue large.
tuesdays market brought more dis
appointment. Weakness on top of big
earnings statements and the Increase
in the dividend rate on Union Pacific
preferred were considered significant.
Directors in Union Pacific decided
at their meeting to recommend to
shareholders an increase in preferred
stock of $25,000,000 to $780, 900. 600 and an
increase in common stock of $7,S00, 900
to sos, 100000. Additional preferred
stock is to be used for conversion at
par of outstanding S14,O00,00O Shore
Line 4 per cent bonds and of 81, 000. 900
oregon Railway & Navigation pre-
ferred.
Watson. & Gibson The market backs
and fills, laughs and cries, smiles and
frowns, anal blows hot and cold by
turns. The confusing, conflicting sur
face condition has beneath it a we'll
marked and outlined current, and we
believe 1t to be a bull one. There are
always shoals and eddies in specula-
ton. The drift is into still better times
than we have seen, and those who fight
against 1t may have q few days pleas
ure but a longer period of repentance.
The following Boston bankers will at
tend the bankers convention at Cleye-
land, o., Sept. 5, and Z: President
Otis Luke of the Central National
Bank, H. L, Burrage of the Eliot Ma
tional Bank and George w. Grant of
the Third National Bank President
Francis B. Sears of the Third also will
attend and represent the Boston Clear
ing House Association in a general
conference to be held there, and which
will be outside Of the regular business
of the convention.
The foreign department of the Boston
clearing house for the collection of
country checks will extend it's system
to the state of Maine early next month.
1t is proposed to take in all of New
England in time, although some oppo-
sition has been encountered among the
bankers of Vermont
Boston curb prices: New England
Gas & Coke, 291s@301s; Boston Consoli-
dated, 1914 Amalgamated, 96A @97A /;
Bay State Gas, 1916; Little Tiger, 81. 60
Fortuna, 41hc.; Elm River, 10% @12:
Montana Coal & Coke, 915G01Oh.
1t is stated that the Lamson Store
Service Company some months age
secured an option for two years sup.
ply of brass when copper was selling
at Ia cents per pound, since which time
prices on brass have advanced 25 to
80 per cent
New York curb prices: Air Power
offered at 70, Rubber Goods S516@36
preferred 90q90k, Amalgamated Cop
per 96R@97%, Bay State Gas 1%@2
Amsterdam Gas 33A@34A, preferred
57Q5Sls, Standard Oil 4626464 new
4S0Q4S2.
A New York dispatch says that the
Thalman plan Of reorganization of the
pee Gee road provides for an as
sessment on the stock and scaling OF
bonds