The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-08-02
VIEWS AND NOTES
FOR INVESTORS.

Miss Kate NJ. Giles report on the cotton
crop makes the average condition of the
plant 1868. compared with 76.2 on July Il
and s2.7 a year ago. She says a great de-
terioration is taking place.
Why is amalgamated Copper selling con-
siderably below American Smelling and
Refining Company stock, with both stocks
paying 8 per cent annually? This is the
question asked by all traders 1t Is pretty
certain that when the prize Of copper
metal breaks the income of the smelter
trust as well as that OF the mining COM
panies. scales down. The contracts OF
many Of the smelter companies are based
on the price of copper.
AS further details come to light concern
ing the step taken by F. Augustus Helnze
TO effect q far-reaGhing mining, milling
and smelling combination. the financial
centres Indicate a growing belief that
the United Copper Company will be the
parent hody of the coalition. Mr.. Heinze
Is the president Of this which
is capitalized at $50. 900. 600. and for some
time he has been developing plans which
promise to give it a position OF, more i'm
portance in the mining world even than
that of the Am~algamated Copper Com
pany.
New York and Queens Electric Light and
Power Company applied to the Public Serv-
Ice Commission for permission to issue
bonds at a par value of S2,000.00.
One of the rumors circulated in financial
circles is that Judge lands will impose a
heavy fine on the Standard Oil Company
when he hands down his decision tomorrow.
The governors of the New York CONSOLE
dated Stock and Petroleum Exchange have
dropped the words and Petroleum so
that the title is now Consolidated Stock
Exchange of New York" The change will
not go into effect until the day the new
exchange building is occupied.
Commercial failures during July compiled
by Dun's Review were III In number and
S12, 1884, 10 In amount of liabilities. While
this is a. distinct Improvement in the
amount Of defaulted Indebtedness as COM
pared with the preceding month, there is a
large increase both In number of failures
and amount of liabilities in comparison
with July, 1906. when there were 1888 fall
ures for $6,919.014.
Coinage executed by the mints of the
United States during July amounted TO
81, AIS, 900. OF this amount S,02O,OO0 was
gold. 1896, GOO in silver and s107 900 in minor
coins.
-
Much criticism was heard yesterday, par
ticularly from officials of independent
steel and rail manufacturers, regarding
the actiop of the steel trust management
in %nnouncin that since July ! usine
has decreased from % to 80 per cent. The
indeps ndent manufacturers state that the
Steel Corporation has needlessly alarmed
the Industrial world.
Directors OF the Kansas City Light and
Railway Company to the stock
holders the te. ms on which the S5,5oo,OoO
note issue Is to be disposed of. There are
two note issues. Series A amounts to
"a, 125, 900, and series B to $1,37o.WO.
In the August circular of the National
CITY Bank there is a discussion of the
ability OF the Treasury to assist the
o market in the usual s%tringency
which occurs at the crop moving period.
II. H. Rogers's condition Of health was
a subject of continued o In Wall
street. Mr.. Rogers's health at present is
satisfactory to himself and his relatives II
all trustworthy statements on the subject
are to be believed, and he Is holiday max
ing On his yacht
Certain producers of iron are offering
their products for future delivery at prices
ranging from 81 to 81 a ton below prices
heretofore prevailing. The tendency OF
iron prices has been upward for a year
and producers regard the reacuon as
healthy and believe the lower prices VIII
stimulate a buying power.
IT A MCINTYRE & Co.'S expert, who has
inst returned from an extensive investisa-
5kafaa nUZ
tion of the principal producing STATES says
that there is a big loss In the corn crop
which he believes will be about 2 per cent
less than the average.
Mr. cooner. Of Malcolm & Coombe, says:
market as usual in the case OF a
heor raid gets oversold and 1t has reached
This stage at present. Therefore, we MINK
at present writing stocks are a good pur7
chase for a turn.
Reports of the three principal companies
of the Chicago elevated railroads for July
shows n total of 10, 516.S SS passengers were
carried, a gain of 1,54s, 129. or 1920 per cent.
with the same month in the pre-
vious year.
According to figures cast by the New
York Coffee Exchange the sales for the
month of July were $4,000 bags. below
those for the same month last year.
All grades of copper today were further
LA cent. on both the bid and
asked prices on the New York Metal Ex-
The Reading anthracite tonnage for July
will approximate 1.20o. 900 tons, as com
pared with 937, 900 tons in July, 1906.
MONEY AND EXCHANGE.
Call money in New York 3 to 3h per