The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-07-16

Union racine bond syndlcaIe u pay ~
per cent. on their allotment on Monday
July %.
A statement is given out by the nnthra-
cite coal operators calling attention to the
fact that a condition of Industrial peace
now exists in the anthracite coal regions
1t is asserted that not a single case ID
pending before the board of concthauon,
created by the strike commission OF lso2'
to settle disputes.
James j. Hill, who has returned to
New York from a fishing trip of the coast
of Labrador, will go TO st. Paul IN a
few days. 1t is likely, however, hal Of
ficials of the Hill roads will be In Ne"
York before he leaves. Nothing can Dc
obtained officially about the Burlington
deal.
At a special meeting Of the stockholders
of the Safety Car Heating and Ligntns
Company. In Jersey City, 1t was approved
to increase the capital stock from sS,oOO'uo
to so. 00O, 600.
According to statistics complied by our
consul at Amsterdam, Holland, nearly So
900, 000, 600 of American stocks and BONDS
are held in Europe. Holland possesses
about s416,0 600, 600, Great Britain owns
about ten times tina amount, or 4,loo,VU'-
900, and the total in France, Belgium ana
Germany about three times that Oh HOT
land, or 81, 200, 1000 900.
Taking into account the fact hat there
are 10000 600 bushels more Of old wheat
on land than there was one year ago me
1917 deficiency should not exceed 7,on,"o
bushels, as compared with the 1916 crop.
J. P. Morgan & Co. will act as the
New York branch agent of the sovereign
Bank of Canada two months hence, Whsi
the bank will close its Office in New forh'
1t is probable this action is in line with
the policy of retrenchnlent started by the
new president. Amelius Jarvis.
Under pr~oft-sharing plans recently In
stituted by the Republic Iron and Steel
Company and Tennessee Coal and Iron
Company it was learned that all en-
ployees are to get part of the net earn
ings of the companies. The distributions
will be made In cash. This is similar to
the plan followed by the United States
Steel Corporation, and settlements VIII De
made as long as earnings warrant tnenl'
c. B. Macdonald. who Is regarded as one
of the shrewdest traders on the f1oor OF
the New York stock Exchange, SAID. II
does not make any difference what one
man. no matter how strong he Is. may
do under present conditions. me marhel
must yield to the inevitable. and JUST now
the inevitable is the value of
President L. F.. Loree, of the Delaware
and Hudson. has been elected president OF
the Troy and New England Railway Com
5000 49, tAA Eis-of NJ finnql
Bank Of Chicago has bought and sold
about 81. O0o.o coo of the rehabilitation
bonds of the Chicago Union Traction .
per cent. bonds brought out under the re-
organization plan. approved by the com
Considerably more than a majority OF
the preferred stockholders of the Pere
Railway have given their ap-
proval to the plan for the readjustment
of the finances of that road. including
subscription by the preferred stockholders
to a IS, 10000 O Issue of five-year 6 per cent.
debenture bonds. the proceeds of whSh
will be used to pay off the roads floating
indebtedness
The minority stockholders Of the Amer
lean Steel Foundries Company. WHIT are
seeking dividends on the company's pre-
ferred stock, heard yesterday from Chi
cago that vice-President Lamont, Of the
company. speaking for President Kelly.
had stated that a mysterious contract by
which four other officers. including the
president. received a bonus on pet profits
running to SO 1-3 per cent had been made
public at the time Of its making.
Advices FROM Pittshurg say plans arc
being made for the organization OF IN
dividual car owners into m association
which shall deal with railroads In the mat
ter of the handling Of the rolling stock OF
large industrial and mining corporations.
Tt Is said that there are $50 such concerns,
owing IN the aggregate about 10000 cars
of the average value Of $1,000 each.
President E. P. Ripley, Of the Atchison
system, said TINT no extension work 10
planned unless absolutely necessary. OWNS
to the inability of the railroad to get
Money except at exorbitant rates. No
more issues, hi also added. are likely, for
he hopes to do without them.
President Charles S. Mellen. of the New
Haven road. says: 'If I personally had
been asked to write the recommendations
OF the Interstate Commerce Commissions
report. | could not have 80 well expressed
my personal opinion and convictions as has
been done by TINT portion OF the report.
The latest official figures claim for Japan
a present population OF 4S,Se4,O00. or about
that Of the United States in 1878. The
revenues for the current year are esti-
mated at $30S. 10000 and the national debt
Is reported at 2,217. t., 1853 yen. the %eaifval-
ent in rounds figures Of 81, 100, 100000
The output of gold at Rhodesia. Africa.
T. T.-- - 4 a. z,.naoa arntaaf
Az 4 in the corresponding period last year.
Directors Of the Pacific Gas and Elec-
trio Company have voted to levy an as
sessment Of $40 a share on the stock OF
the company for rehabilitation and i'm
provement purposes.
Bradstreet's week statement shows wheat
east of the Rockies increase 1.311,00 bush
els. Canada stocks decrease, lS29.0OO; to-
tai decrease, IS. 900. Aioat for and in Eu-
rope. decrease, 3.200.000: total visible de-
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