The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-11-20
AND NOTES
FOR INVESTORS.

Beginning December /. 1907, the West
Side Trust Company will pay 4 per cent
interest In their investment department on
amounts Of 81 900 or less. and s1k per cent.
interest on amounts over $1,000.
It is learned that the East Indian Rail.
way. IN British India. Is d~isorganized ow-
ing to the strike on the road.
Operating officials of the prir cipal roads
of the country met in Chicago today to
consider the ACCESSIBILITY of Imposing a
penalty for diverting a freight car from
the direction of it's home road.
Venezuela has increased the tariff on al
farm products in order to protect the agri-
cultural industries Of that country.
The feeling in the steel trade. as a re-
suit of the favorable money outlook, is
moro cheerful than 1t has been since the
reaction in business set in.
Railroad, and industrial corporations.
realizing the state of the money market.
have practically given up attempts TO float
new securities. Last month no sbort-term
notes were issued. and though $97,-
$4,000 stocks and bonds were authorized
during October a comparatively small per-
centage were actually taken by investors.
Railroad and Industrial stocks and bonds
and notes authorized since January /
reached the phenomenal total of 81. 1891, 3d.
500, against $l,2sS, 9s1, 774 a year ago.
r. L. Nelll, the cotton statistician. has
published his annual report. He estimates
the crop at II, 900 bales.
A foreign cable message said that Paris
would buy 100000 of the new United
States Government notes.
The Pennsylvania Railroad, 1t is under
stood. has sent out drastic orders for
further retrenchment wherever possible.
Joseph Wharton has had Incorporated
IN one SlO.O0O,00 corporation all his New
Jersey iron and steel interests. 1t will
be called the Wharton Steel Company.
One of the most favorable conditions
prevailing at present is that the demand
for currency by banks and other large
borrowers has fallen off considerably. IT
Is now at a premium of only IA to 2 per
cent.
Short term notes of some corporations
are now selling on a basis 50 as to net
the investor nearly % per cent. When
municipal and government securities nre
selling on a much lower investment basis
that easily shows that the people have
not very much faith in the former Issues,
There has been considerable Iiuuida-
ton of the loans on the part OF tha
New York banks. Many socks have made
new low records, due to the first fact.
A number of New Workers. have been
advertising that they will sell and deliver
without n commission attached to peo-
pie the new 500, 600, 900 8 per cent. govern
ment certificates. The only local insti-
tuition which has advertised the certih-
Gates for sale without any commission at
tached Is the Federal Trust. 1t is most
noteworthy, because of the aid a private
will give in order to ease the
money market.
Between now and December 1e there
will fall due instalments on bonds, notes
and on new stock a~ggregating about ST.
1000. The interval will be houseclean-
Ing time, for the Underwriting must be
met. However, early paymen of the
OIL Company will help out some
what. :
No syndicate will be required to take
up the new 800. 900, 600 8 per cent. govern
ment certificates. as the banks will buy
up a great deal of them with the view Ia
sight that the money will be kept in cir
Mr. King, of Eisele & King. said: "The
money situation should be relieved Of its
~stringency by the issuing of the
certificates and the infiowing of imported
gold to a large extent. However, no mat
ter how easier money can become we adj
vocate only the buying of good dividend
railroad stocks outright, margin
being poor policy"
The Illinois State auditor has called for
a report of the State banks as Of the be
of business on November II.
The meeting of the directors of the Ca u
met and Arizona Mining Company, to take
on the quarterly dividend which
was scheduled for today. has been post
poned until the 9th of the month. 1t IS
feared that the company will follow suit
of other large copper companies in cut
ting its dividend disbursement.