The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1907-05-05
FINANCIAL GOSSIP.

Many are Of the opinion that the
broadening Of the market and the bet-
Ter tone assumed every now and then IS
good indication. and argues well Tor
the spring and summer. II IS figured
out by some brokers that If the scares
Ia connection with the crops were ont
OF the way, the trading would increase
IN marked degree, while the outside
public would be induced TO come in.
Attorney George H. Calvert. receiver
OF the defunct Columbia Savings and
trust Company, of Pittsburg. announces
mat depositOrs viii be paid dollar for
uoliir on June /. There are 600 de-
posters. with $4,000. The bank failed
May 9, 1906.
The surplus Of the United States Steel
Corporation and its subsidiaries. on De
cember 1905. stood ut S97. IA Adding
the surplus Of S3,6S4,576. reported by TIE
Steel Corporation itself for the quarter
ended March 81. gives a total surpIiis of
Slulr4t2,@95, the first time this item has
exceeded Sl0o0OOoOo.
One rumor touching Union Pacific is
that tne dividend may be made payable
quarterly instead Of sen1i-annually. Such
a change might be used as a bull card
on the stock in a sentimental way.
In April. fOrty-six national banking
assoclatlons. with authorized capital OF
S5.4S.DO were chartered. At the close
OF the last month there were 400 ma
tional banks in existence, with author
lied capital Of SSS76Sl275.
Charles VI. Schwah lust now has an
ambition TO make his manual traininr
SchooI at Homestead Pa, larger aud
broader IL scope than the Carnegie
Iechnical School at Pittsburg
The floating supply of Southern Pa
t GIhc Is said TO be about exhausted. and
the traders 10 believe that the stool
IS IN for a rise They say there IS no
reason why Southern Pacific should sell
Ill.,, r II rs now; in comparison with
the yearly dividend of the latter.
A Toronto dispatch says that oontro,
OF the Sovereign Bank Of Canada has
passed TO syndicate headed nv tbo
Dresfener Bank of Berlin, In which 7
4. Morgan & Co. are also interested
now been obtained. us
An estimate of the earnings Of The
ROCK Island Company for the fiscal
year ended June 30 next indicate. after
making an allowance for the nreferre5
dividend, about l Clio per cent earned on
the common stock Last year the earn
lngs on this issue were one half Of I
per cent. -
il is. said that bankers generally ron
.,tADA LAt ~ oSpeclS Tor the money mar
ket remaining around the presenf ,at,.
until about the time IL will be necessarI]
10 begin preparations for the large di1,j
dend and interest disbursements in mi
5hese payments promise to be extraor-
dinarily large
Foreign money centers fear that rail
road and other corporations of the
united states viii begin TO borrow. NOT
only here but abroad and they do moi
IKE the idea. IL is 70 their interest that
the money market of this country remain
IN as normal a condition as possible and
If there is much borrowing by the rail-
roads this condition cannot obtain Al
the same time. the foreigners saw thew
do not want our railroads to borrow
money on the other side OF the water.
either
Allowing about the average increase in
the worlds gold production for the pre-
Elous Tour years. the worlds production
III 1876 is estimated at about $4,000. 600
and for 1907 at S435. 600 600 The latter
figure IS considerably below the produc-
ton indicated by the increase in the out
put OK gold In Rhodesia ana the Trans