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

The market was dull the first hour
yesterday, when renewal of very def
mite stories about the sugar war were
used by the bears to break the stock.
The market yielded somewhat with
that stock.
The conferences in New York are
pushing along the organization of the
big steel combine very rapidly. The
latest story is that Carnegie has been
offered $3.50, 100000 and he is probably
preparing to sell out to the combine.
There is a dearth of orders for cop
per, and this accounts for the some
what easier market. Holders, however,
do not seem anxious to press sales. Con-
sumers are getting their supplies from
contracts previously entered into, and
are not very active in the market now.
Cash lake is quoted at 1880, but there
are very few buyers at the present
time, even at 19c.
L. S. Mining, American Zinc, Lead
and Smelling and Wyandotte, have
been placed on the regular list of the
stock exchange.
Freezing weather prevails throughout
western Nebraska. The winter wheat
which survived the severe winter will
be entirely destroyed by the cold snap.
Spring wheat seeding has just been
NOlIlplGlGu, anu lHlS weather Will SGIl-
ously interfere with corn planting.
Liquidation is small and confidence
great, but the weak point is that no
new blood, no new money, no new spec
ulators, are coming into the arena. 1t
is now merely a swapping of jackkniYes
among those who are in.
Russell Sage says it will probably be
year before arrangements of install
lation of electricity will be completed
on Manhattan.
The Standard Oil people are still
credited with being very bullish on At
Gibson preferred.
If it is true, as reported, that the
Rockefellers and H. H. Rogers have
subscribed for $40 900, 900 of the new
copper combine stock, the slice re-
served for the outside public under al
lotment will be even more heavily re-
duced than at first anticipated.
Atchison officials are quite satisfied
with the outlook, and say that there is
no indication of utter failure of the
winter wheat on the company's lines.
as has been claimed by many.
Out of about $32,0OO00O of direct farm
mortgages outstanding when the LON
bard investment Company failed, not
more than one-half were paid at ma
turity.
The advance in Elevated is explained
IN TINS way by one of the parties to
the consolidation of street roads now
in process. The L." as every one
knows, is selling at $110, with only $50
paid in. When the rest of the sub
scription is called, it will be worth $3.50.
/ On this Sc will be paid and no more.
On the surface, then, the stock is now
quoted for all it is worth. But the
syndicate, formed to consolidate the
roads around Boston, has secured op-
lions on about everything they want
and will soon make the plans public.
One feature will be the lease of the
L at 6 per cent. As the Il" does and
will earn much more, this lease. with
other fine items, will insure handsome
dividends on the Consolidated stock. in
whatever form it may assume. To give
the L" people something to show for
the lease, they will be given some
kind of a right" to take in the new
/ stock. This is discounted, I think, in
whatever higher figure than 10 which
is made for L"