Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-07-05

ing considerable significance. It was wen
known that English bankers often received
positive assurances with regard to coming
dividends on American properties In ad-
vance of interests on this side.
The quarterly dividend on the Amalga-
mated Company would be declared in the
near future, and. following the advance in
the Anaconda distribution. it had been ex-
pected that Amalgamated would he raised
to an 8 per cent annual basis. Some cod.
sentative interests, however, think that the
increase might not be made at this quarter
owing to the large expenditures which the
company contemplated making for the en-
largement Of its sinelter. The recent
strength of Amalgamated here, followed by
the movement in London. encouraged many
observers to the belief that. after all, the
quarter rate would be raised this month.
X
A man who has kept himself we'll in
formed on st. Paul affairs said that he
would not be surprised to hear that the
company had arranged the financing OF it's
Pacific coast extension in Paris. He would
not believe. however that anything along
this line would be announced In the near
future He was of the opinion that it
would be easier to finance the undertaking
In Paris than at any other financial center
In this country or In Europe.
u
Much comment was heard today on the
remarkably strong statement Of May earn
ings made by the Norfolk and Western
There was pronounced revival of con-
fidence In an early increase in the divi-
dend For the eleven months of the fiscal
year ending June 80 the company showed
an increase In its surplus over fixed charges
equal to 2.33 per cent on its authorized
common stock.
According to a report from Pittsburg sig
natures to agreements with the Amalgamat-
ed Association Of Iror. Steel and Tin
Workers to the new scale were received
yesterday from Ave additional independent
concerns whieh had refused to sign as
body at the recent scale committee confer
ence In this city Among them was the Iarg-
est independent concern In the country, the
National Enameling and Stamping Com
pany Of Granite City and Louisville. The
Howe Brown & Co, Pittsburg: the Whitta-
ker Glessner Plant, Wheeling, and the
Wheeling Steel and Iron Company. Wheel
ing.
Il 4
The Cleveland Iron Trade Review of today
says: EARLY reports of the ore movement
for June indicate that it will be in the
neighborhood or $500 0Ue tons. considerably
above what had commonly been expected
This rate of increase maintained through
out the season would call for total ship
ments Of about 81. 5000 TONS but this es-
Innate makes no allowance for the opening
OF navigation this year and for the ten
days idlness eccasioned by the iongshore-
mems strike. Barring unexpected complica-
tions, therefore, this estimate ray be con-
sidered too low. The ore movement Is test
ing the capacity of range railroads and
docks. and 1t is expected to exceed 6,oO0 coo
tons in both July and August.
The iron and steel trade enters the second
half of the year with the outlook entirely
favorable. The slight hesitancy recently
noted on the part of pig iron buyers in
some sections. due to the dissolution OF the
southern agreement, has disappeared. Prices
are steady and buying has been very brisk,
especially in the Chicago district, where
10000 Of the various grades OF pig iron
have been c.osed.