The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-08-15

The Consolidated Gas Company. of New
York. sold a $6,000,0 900 one-year 8 per cent.
note issue to w. Harris & Co.
Charles M. Muchnic, one of the foreign
representatives of the American Locomo-
tive, Company, recently returned from an
extensive trip in the far East, after nav
ing sold 233 locomotives to the Japanese
Government. OF these SO are TO be useu
for the Manchurian Railroad, and they
are the largest ever exported.
Members of the New York Cotton Ex-
change have voted to close the exchange
or the Saturday before Labor Day.
Reports are again current that the
United States Steel Corporation would
take over the Midland Steel Company.
An inventory is now being made. and ~
is asserted that the Steel Corporation VIII
pay s75,0O0,OO0 for the property. The MIA
land Company already has spent between
SIC, 600 and $11. 0 5000.
1t was reported that the unified bust
ness on the books Of the Steel Trust y
between 1000. 600 and 100000 tons. Whlcu
is expected to keep the mills active until
the end of the year.
"A special meeting Of the Childs Company
Will be held in New York August % 70
consider increasing its preferred STOCK
from $1,000, 600 to $1,000, 900.
Since the fine was imposed on the STAND
ard Oil Company there has been a oepre-
citation in the value of Standard OH STOCK
and of coppers, st. Paul. New York Cen
trail and the Pacific Railroad shares, IN
which the Rockefeller money Is largely IN
vested, amounting TO over $2Oo,Oo0,OOo.
1t has developed that the New York
Cotton Exchange officials had been IN
~ Ia.1aaI fndfIfT1II0nE
in the South, with a view to securing
types of the standard grades in vogue
there for comparison with their W
stocks. This, 1t is believed, foreshadows a
revision IN the existing differences pe-
tween the New York market and other
dome-tic and foreign exchanges.
T. A. Mcintyre G. Co., say: W would
only continue to advise purchases of the
better class of stocks to those who can
pay for them outright and take them
away and wait for thirty or sixty days
for a readjustment of the present compli-
Gated political and financial conditions now
unduly depressing values
Foundrymen, large and small. seem to
persist in the policy Of keeping out Of
the market, and even the largest smelters
are buying only from week to week for
prompt delivery. They are encouraged In
their course by constantly lower prices In
some sections.
James N. Wallace, president of the Cen
trail Trust Company. of New York. and
Hugo Blumenthal and Frederick H. Ecker
have consented to act as a committee in
the interest of the per cent. consolidated
mortgage bonds of the West Chicago Street
Railway Company.
William Rockefeller will leave for the
Adirondacks and J. P. Morgan is return
ing HON from an extensive trip in Europe.
Interests connected with the Bankers
Trust Company and the United States
Mortgage and Trust Company. both of
New York, have been endeavoring to ar
range a deal whereby the two companies
may work in harmony with the ownership
of a large block of United States Mort
gage and Trust Company stock in the
hands Of the Bankers Trust.
As foreshadowed in early reports of the
plan of the receivers of Milliken Brothers,
the Staten Island steel construction COM
pany which failed emily in the summer
nave turned over their contracts OF the
new Pennsylvania terminal to the Carnegie
Steel Company, which had been figuring
for some time on a price. 1t is said on
good authority that the deal has been
closed.
r. T. Miner. State Commissioner of
Agriculture of Texas, heartily lndorses the
action Of the Farmers Union in fixing the
price of cotton at fifteen cents a pound.
The following table shows the changes
for the trading days of the movement, and
a comparison between the low IN the
March panic ard the low yesterday:
-I.nW- -IancC-