The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-08-09
FINANCIAL AND COMMERCIAL.
MARKET NOTES.

There is some absorption of sugar
stock by people who have been watch
ing the discussion in France of an eff
fort by sugar spectators in that coun-
try to control the output of the sugars
for the balance of this campaign.
The market shows the presence of an
active bear party ready to supply stocks
at price. The grangers are strong on
the brilliant outlook for corn and
wheat
To show how little influence good
news has New York Central closes only
4 p. c. higher than Saturday, though
the report of the company's gross earn
lngs for July increased $1,014 $50, or say
Is p. c.
The New York Journal says: 1t can
be stated on excellent authority that
the Rockefellers have sold about TO-
GOO shares of Brooklyn Rapid Transit,
which they bought the morning after
Ex-Governor Flowers death at an av-
erage cost Of los. Prior to this our
chase, the Roekefellers bought 10000
shares as. an Investment, for which
they paid S120 per share. This last
block of stock has not been sold.
The Diamond Match Company has IN
creased its stock from $11, 900 900 to S15,-
100000 and elected Edwin Gould mem
Der of the board of directors. 1t is con-
sidered certain that the Continental
Match Company will be secured and
Mr.. Gould will get between $780, 900 and
Sl,000,000 in stock for the entire issue
Of the Continental Company.
1t is understood that the American
Smelling Company this week will de-
clare a dividend at the rate of seven
per cent on the preferred stock.
The report that the Planters Com
press Company is to consolidate with
the American Cotton Company, is Of
fcially denied.
The Jersey Central earnings for July
it is semi officially stated, will show an
increase of $3.50, 900.
About ninety companies were incor-
porated in July at Trenton. N. J. Those
with a capitalization of $1,000, 0004t or
more. were less THAI the previous three
months. The aggregate amount of the
capitalization of the companies capital
lied at $1,000, 600 or more was
about S24S, 100000, which compares with
about the same amount in June. 1t is
worth mentioning however, that nearly
fifty per cent of July figures is repres-
ented by one company, namely, the
Distilling Company of America, with
$125, 900 900 capital. Considering this
fact, 1t is very apparent tnal ne rush
toward industrial consultations has ex-
perienced a decided halt. In May the
companies capitalized with s1,000,000 or
more reached $500, 600, 900, which was
surpassed in both April and March.
Officials of the Massachusetts Elec-
trio Companies confirm the purchase of
the Taunton & Brockton Street Rail-
way Company This company operates
thirteen miles of road and is a short
line between Brockton and Taunton. 1t
is capitalized for 500, 900 stock and $780,
600 five per cent bonds. 1t was the ORR
ginal intention to take over this road
into the Massachusetts Electric Com
panies, but leading stockholders asked
$50 per share more than the Massaenu-
sets Electric people would pay, and the
trade fell through. Stockholders have
now agreed to the Massachusetts Elec-
trio Companies price, at which figure
it is considered a valuable acquisition.