The Washington times., 1906-11-04

The bank statement was better than
generally expected, but it was not very
good at that
England has a 100000 soap uust.
which seeks TO control the entire soap
trade and has aroused a wider oppo-
si;ion and a larger amount OF protest
than any comm mercial enterprise ever
entered on in this country.
Boston advices say reports Of an
agreement between the Westinghouse
and General Electric have been re-
newed. These companies now have a
patent agreement. which has four years
10 run. and a further agreement on tur-
hines and prices on patented goods is
under consideration.
Special meeting OF the stockholders
of the Southern New England Telephone
Company. called for November :. viii be
asked TO vote an increase in the COM
2any's stock from 100000 to $1,000. 600.
At the present time there is S5,5OO.0Ao Of
stock outstanding so that the passage
of the vote viii enable the directors TO
Issue &2.5O0,OOO in addition.
The steel Corporation, by the close OF
the current year viii have disbursed TO
stockholders and bOndhOlders since its
OrgaulZdtiOn I'm 1901 approximately $40
Uln,IuO or At the rate of 5000 G)0 =
month end .O0J.000 a year. The net
earnings since il began business, in
April 1901, To December . next viii
have passed S615,0o,0oo.
". A. Garrett Is to be both first vice
president and general manager of the
Seahoard Air Line. His resignation as
general manager OF the Queen and
Crescent took effect yesterday. and il is
reported here that he leaves Cincinnati
for the East today. II Is also supposed
here that MT. CARROTS salary viii not
be less than 125 90 per annum-
Conservative traders are not losing
sight Of the fact that money is still
dear abroad and may be deareT, The
Bank OF France Is giving no help with
It's gold. and in these circumstances the
Bank OF England may have TO ad-
vance It's rate until il gets the gold it
wants Some might even go from Amer
lea, \ ! per cont bank rate. which IS
certainly a possibility. would be fig
IRE which has not obtained since 1913.
The total nominal capital Of all cor
porations chartered during October il
S375. 51G 09C. Fifty per cent of all the big
corporations chartered during October
are connected with the mining Industry
in one or ether Of its phases. Mining
enterprises prefer 30 take out charters
under the laws OF Maine. The capital
of companies chartered in Maine during
October was S93. .0o0 O01.
Stories Of great wealth made in the
past two months 10y office boys in Wall
Street were topics Of interest In ex-
change houses yesterday. Only one case
Is known to be true. \ young bank
clerk in one Of the large institutions
acquired options on several hundred
shares OF McKinley-Darrag gh, when that
stock first appeared on the Curb. and
10y selling some of the stock realized
enough 20 exercise his options The
young man cleared over S100o00.
The movement for a mining annex on
the part OF brokers OF the Philadelphia
Stock Exchange IS much discussed. A
large number Of brokers heartily favor
action by the governors and have signed
a petition that that body take up the
subject at once. There has been much
more trading in mining shares than has
been generally known. Some houses
have done 10000 shares per day A few
Of the older and more conservative
members are not IN full accord with the
movement
Town Topics has this 70 say. Wall
Street has at least made up four-ffths
If its mind 20 the fact that Mr. Hughes
will be elected next governor OF New
York. and consequently one or the great
causes for apprehension that has been
hanging over the mark Il is to a large
degree removed. and monetary condi-
tions are all that stand IN the Wav of a
<fas. sfdara l,fsf 7xra ne IN s4oof-.