The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-11-22
FINANCIAL NOTES.


The story relative to an alleged plan of
the Boston and Maine Railroad to estab-
| fish at an early date special suburban
| service on the basis of five cent fares is
pronounced by President futile and
other officials of the road as absolutely
without any basis in fact Mr. futile
| said: II never heard of the scheme be-
fore. There is nothing in it. Other Of
tcials made practically the same state
ment
This dividend of SO per cent, to be paid
the stockholders Of Rev, Mr.. Jernegan's
gold from sea water scheme, known as
the Electrolytic Marine Salts Company
practically winds up the concern, so far
as the committee appointed to take charge
of the settlement of Its affairs Is con-
cerned. From a possible dividend of
nothing the committee secured total diYf-
bends of &c per cent on the par value of
| the stock.
The time In which the Boston and Maine
may file an answer to the bill in equity
brought by the Central Massachusetts
Railroad common stockholders has been
again extended, this time to December 1.
1t is expected that the earnings of the
road this year will be in the neighbor-
hood Of 100000. The freight business of
the New England, section. is constantly
growing, and the Central Massachusetts
Is getting its share of the business and
Will doubtless continue to do so.
j. H. Moore the promoter, says that
Germs has not been exaggerated, and
that it is simply fabulous. The business
mas practically enough orders on hand to
keep them busy all of next year. That is
to say, the trade they are doing at pres
ent is assured through 1900 The rail-
roads, that were holding off some time
ago, hoping prices would cheaper, have
tinally placed orders at present figures,
and their, demands means an enormous
profit to the steel and wire companies
Reports in railroad circles hereabouts
hat TO-
eral manager of the Atchison road who
resigned last week. is being considered In
connection with the vice presidency of
the New York, New Haven and Hartford
Railroad, which position has been filled
temporarily by the election of Director
W. d. Bishop.
October was an exceedingly favorable
month for railroad building, Owing to
the mild weather, the work of laying
tracks proceeded with great rapidity
throughout the country. Complete off,
indicate that not less than 800 miles of
track were laid in the United States dur
ing the month This brings the total for
the year up, TO 1900, miles, and every day
many miles are beiag added to these fig-
It is expected that the New England
Gas & Coke company will turn on gas to
the customers of the, Brookline Gas COM
pany in another week.
Boston curb prices: New England Gas
& Coke, 2q2512; 5s, 15l24771a; Amalga-
mated Copper. S.; Elm River 687 Boston
Consolidated 505%; Bay State Gas. 20
cents; Fortuna, % cents; Fortuna Repub-
lica, 17l2G20 cents.
Watson & Gibson: There are five in
f1uences which are morally sure to come
into play in the stock market this winter,
all of which are very bullish. They are
the ending of the Transvaal war, the re-
eeipt OF gold from Europe 10 settle the
foreign trade balat1ces, die us, a move
ment natural DIT THIS season, but deferred
by the war; the inflow Of money to this
centre from the interior OF the country
and some financial legislation by con-
gress United these Influences are GER
tain to keep business good, confidence
keyed up TO high pitch, with resulting
bull market.
Brokers who watch the more promi-
nent stocks closely during the day said
the market bulled hard Monday, selling
by longs being a conspicuous feature on
the rallies. The market also reflected a