The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-07-18

VIEWS AND NOTES
FOR INVESTORS
Blair g. Co. nave disposed of the entir'
issue of $5,0O0,OO0 Chesapeake and Ohi'
Railroad Company 6 per cent. c~ollatera
gold notes recently bought by them.
The Ohio Copper Company has been in
corporated under the laws of Maine. with
100000 Gar value $40. F. Augustus:
Heinze will be president of the new con
Germ
American Telephone and Telegraph Com
pany reports for the six months ended
June 30 a gross output of BAL ,551. It has
outstanding 7.449. SST instruments.
-
Notice has been sent to, the stockholders
Of the Milwaukee and st. Paul, Sault Ste.
Marie Railway that a meeting would be
held on September II TO vote on the reso-
luton passed by the directors on July 70
looking to the increase of the capital
stock from $21, 5000 to $42. 600, 900.
Many stockholders of the A~malgamated
Copper Company believe that the next
dividend declared will be the same as the
one 1t Is paying now, but the company
will eventually increase the dividend to
make good the loss the stockholders sus-
tained through the reduction in the divi-
dend at the time copper metal was selling
around twelve cents n pound.
According to an official statement more
than 1900 freight cars, costing nearly
$40, 900 have been bought by the Har-
riman lines this year to handle the in
creased traffic offered them. With the In
crease of about 10 per lent. In number OF
cars there has been an increase of Is per
cent. in car mileage and II per cent. in
train mileage.
Gold imports for the fiscal year were
$114, SOC. 900 and gold exports $1, 100000.
E. Fl. Hartman denied yesterday that
there had been a break between himself
and President Harahan.
T. A.. Mcintyre & Co. say: whether this
movement will be any more successful than
the last effort will depend to a great ex-
tent upon the amount of short stock inter-
est left uncovered and the p outsid-
ers and local operators make to 1t, for the
bond market is still in bad shape and there
is no new investment buying"
At the annual meeting of the stockhold-
ers of the American Car and Foundry
Company F. M. Eaton was reelected to the
sixth term as president of the $4,000, 900 cor
poration. The years report shows that the
company expended for Improvement 81
260,OO0 and the surplus on hand at the end
OF the fiscal year amounted to So, 552, $40. 81.
An issue of s4,O 900 new stock is to be
made by the Chicago Telephone Company,
bringing the outstanding stock up to $18,-
000 mn Ouk Of nm a,fhNrfw1I .-g4~I4-.4t--
of so. 100000.
A membership of the New York Produce
Exchange was sold at auction for $500,
compared with s425 received for the last
sale.
The E. I. DUPONT de Nemours Powder
Company, the head and front of the DOW
der trust, against which proceedings under
the Sherman antitrust law are to begin.
has been awarded a contract to furnish
!, 10000 pounds of dynamite for the 18th
milan Canal.
A petition In bankruptcy has been filed
the Northwestern Realty COMPANY
OF New York. which became financially
embarrassed six weeks ago. Liabilities of
the company were 81, 2O6, 900, the greater
mortgages. and nominal assets of ST.
5000.
Something happened to the Meerschaum
of America stock on the New
York curb yesterday. 1t broke from sci
4 share to fifty cents. Only a month ago
the stock sold as high as $S.37.
The Pacific Mail Company is making
arrangements to enter the coast trade in
opposition to the Pacific Coast STEAMSHIP
and other ines. That the Pacific
Mail will take its share Of the business
goes without saying, for its rail con-
are superior to anything of the
kind by any other steamship company.
At a general meeting of the s~hareholders
OF the Monterey Iron and Steel Compan
an amended proposition for the organiza-
ton OF a subsidiary company to take over
the corporations extensive coal properties
was submitted by the council of admins
tration and adopted unanimously. The
proposition provides for the formation of
a company with a capital stock of $11,-1
0O0, 600.
Providing last shipments shipment to
Alaska are as large as a year ago, the
total trade with Alaska for the fiscal year
Just closed will be only a little less than
$3.50 900, and 1t may be as high as $780,
O0O,O0O This would, approximately, be
about S13,000,00O increase in trade with
Alaska.
Miss Giles, at noon today issued her
usual semi-monthly crop report on cot
ton. IL makes the present average condi-
ton 1872, compared with 68.7 a month
ago. SS.5 a year ago and 1877 in 1906.
The subscription lists for the East India
loan closed today. 1t is currently reported,
however, that the issue Is not a sue
cess. 1t is said also that the underwriters
VIII be compelled to assume heavy re-
sponsibilities.
Post & Flagg say: "Some business reac-
tion there is bound to be. but 1t will GER
tainly prove to be beneficial to interest
rates and the investment demand for
bonds, so that it looks as II the market
would generally trend upward for the next
few weeks at least"
1t Is generally conceded that money Will
continue to return from the interior to New
York during the rest of July, but begin
l about August l banking interests and
railroad officials fully expect that prac-