The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-08-25
MARKET NOTES.

There is no change in the copper mar
ket, and lake continues to be quoted at
1S1ac,, at which there has recently been
some replenishing of stocks by con-
sumers. Electrolytic is quoted at 1T&4c.
Mail advises to Aug. 10 from London
are to the effect that copper receives
but little attention The metal, how
ever, was not freely offered. Opera
lions at the London exchange have be-
come very narrow, and brokers are haY-
ing dull time as the big magnates are
getting control more and more of the
situation.
The tanners of the east and middle
west, who have been here trying to eff
feet a combination OF upper leather
manufacturers, expect that the organ
ization will take place soon. 1t will in
clude all the calfskin and cowhide
leather manufacturers as far west as
Wisconsin, with the exception of sever
al large tanneries in Milwaukee. The
new combination will be called the Am
erican Hide & Leather Company. Cap
ital $1,000 600 In Z p. Q. preferred, S1I-
500, 200 common and $4,000, 900 of 6 p. c.
gold bonds.
The Sultana gold mine in w. Ontario
has been sold to the British capital cor
poration, limited, for 9450 900. Experts
for the English buyers a few weeks ago
reported that there was not less than
SO, 100000 in gold in sight in the mine,
besides immense reserves. With the so
stamp mill put in last fall the earnings
Rave been at the rate of S151,000 per
year.
London-Leading Americans strong
and higher, with Northern Pacific the
feature at IL advance.
Mr. Gibson quotes a distinguished
financier," who expects a genuine spec
ulative spree.
A good railroad guesser says: "If
Mr.. Mellen can be spared from the
northwestern field, he will be the next
president of the New Haven, for ]. p.
Morgan has great confidence in him.
Whoever is appointed to the position
will be a railroad man; it will not be
Judge Hall"
It is reported from Deadwood s. D.,
that the Hearst estate has sold its third
interest in the Homestake mine for 3d.
800 900.
over $4,000 shares of Northern Pacific
is reported to have changed hands in
London this morning. Berlin was a
buyer The pool is operating in these
stocks. The increased activity in the
Pacific stocks is stated to be the direct
result of information of an active bull
pool in the Northern Paciffcs in London
ana of N. Y pool in Missouri Pacific.
The 10 western railroads which had
declared a boycott against the K. c., P
& G.. were Joined yesterday by the Wa
bash, which served notice that it would
exchange no business with the Gulf
road after Sept. T.
Chicago-Sept wheat opened Y, off
u; Dec wheat 741s, May wheat 771s,
Sept pork $50.
The r,f Sc,
tased not only upon the earnings, but
also upon reports that the plans long
contemplated for unification of the
various Gould properties in the south
west would shortly be announced.
The Iron Age says iron is sold far
into 1900 end that the excitement in the
markets is increasing daily.
President Hill of Great Northern
says: eve will have a fair average
crop. / think that Great Northern and
Northern Pacific between them have
lost about 100000 bushels wheat, as
compared with last year. The talk
about car famine is foolish. We could
haul our whole crop in seven round
trips. Our general business is enor-
nous. 1t is much greater than we have
ever had before"
1t is reported in the sugar trade that
+he Wholesale Grocers' Association is
preparing d new plan Tor the sale of
sugar, which it believes, if adopted, will
prevent price-cutting by refiners
An official of the American Steel &,
Wire Company says that so far as he
knows no application to list the com
pany's securities on the stock exchange
has been refused. The following state
ment is absolutely authoritative: ut
is not true that the committee on stock
list refused to list the Steel & Wire Sc
eurities. Tho company sent the assist
ant secretary only before the committee
instead of the president or chairman of
the board who could answer the cues
tlons required. Consequently we could
take no action at this time"
The price of structural steel was to-
day advanced IS per ton. This was de-
clded upon at a meeting of structural
iron and steel manufacturers at the
Holland House, at which were present
c. M. Schwab, president Of the Carne-
gle steel works, and others. One of the
men attending the meeting said.
Structural steel is the cheapest of the
steel products. and will still be the
cheapest, despite the advance. The in
crease was made necessary by the en-
HANGED prices of raw material"