The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-08-29
Total loss. .s15, 4s4. 900 s1s, sOs.OO s17,4A,O 200

New York curb brokers believe that one
Of the small exchanges is behind the ef-
forts of james A. Allen, a Wall Street law
yer. who has obtained an order from Judge
Brady. of the Supreme Court, directing
them to show cause why they should no
longer obstruct Broad street. where the
curb is situated. They believe Mr.. Allen
individually cannot be annoyed by the
obstruction. 1t is probable. however, that
the brokers will ask the Aldermen to
designate the block es a marker place.
The official crop year on the New York
Cotton Exchange will end Friday, when
the three-day holiday begins. The crop
figures will probably be made public to-
morrow provided the telegraphers' strike
does not interfere.
r. A. Mcintyre & Co. say: The market
has been so extensively liquidated anu
there is such a heavy short interest among
professional traders. and so many brokers
and commission houses have l~iquidated
their holdings and the generality OF opera
tors are becoming rather Indifferent to
bad news"
The three battleships now being built in
England are not for Brazil, as reported,
but for Japan. They are a bear argument
on the stock market, and should not be
lost sight of. They are all the more i'm
portant because Japan is trying to conceal
the fact that they are to be her ships.
One hundred and seventy delegates rep
r~esenting Lancashire spinning and manu-
featuring companies have already been
chosen to attend the conference of cotton
growers and manufacturers at Atlanta,
october Z to 8. 1t is expected that the
English delegation will exceed two hun
dred members.
An increase in the State valuation of
railroad taxes in Ohio of 81 1851, s03 has been
made by the Board Of Equalization of
Railroad Property.
Burlington interes. - have been annoyed
by the run1ors that the roadbed of the
system for fast travel is unsafe. owing to
the reorganization of the company. The
management claims that the road Is per-
fectly safe FOR fast or slow travel.
Steel men were interested in the fact
that the open hearth rail mill at the Beth
lehen works were opened for the first
time. There are no 3essemer %converters
at the Bethlehem works, and consequently
1t produced no rails until the open-hearth
mill was completed and perfected.
Eleven railroads were chartered in Kan
sas last year, but none have yet reached
the stage of construction.
With the opening of the fall rush In
transportation the mLin question Of rail-
road traffic. which concerns the general
public, - whether or not the railroads
will be able to move the rafic expedi-
tiously this year. or whether the conditions
will be the same as last season, when
traf1c was badly ~congested. These ques-
tons are of special interest in the south
UTaoEa~r4 HAAA&fA-E = . ~ .A-~-
Owing to the enforcement of the pure
food law, the orders of the Corn Products
Company has taken a severe slump. The
Chicago mill is grinding about 1900 bush
els of corn less daily than the usual Gu
pacity.
Mr.. Cooper, of Malcolm & Coombs, said;
The present financial condition is the
most complicated confronting US IN a
number of years. Fol instance. President
Roosevelt is combating the present un
lawful combinations on one side. then Sec
rotary Cortelyou springs in the limelight
by depositing money in the national banks
thirty days before the movement of crops
with the idea that the money is only
for that purpose. causing much strength
in the stock market as long as the money
lasts. Despite this fact, the monetary sit
uation is the most uncertain we have had
IN some time, and when call money and
time money begins to get scarce again,
which will happen within the next thirty
days. stocks will most assuredly drop &c
lower levels
The Reading has issued its circulars FOR
September anthracite coal prices; 1t call:
for an advance of IS cents in steam
sizes. which include pea, buckEvheat anc
rice. In the domestic sizes the full circu-
lar price will be exacted without rebate.
Post & Flagg say: while there has
been for a long time past a good deal OF
investment buying, especially as SHOW.
In odd lots. the principal Improvement. O.
late has come from short covering. and 4
is to be hoped that a considerable short
Interest will remain outstanding. as 1t 7
the principal mainstay of the market or
days when sentiment gets pretty blue. A.
we said yesterday. the best that can bs
expected at present Is for the market t
show a steadier and hrmer tone, and thu
is lust what IL j. doing. for which Wal
street generally is very thankful
THE MONEY MARKET.