The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-07-11
NEWS AND NOTES
FOR INVESTORS

The anthracite tonnage for the first six
months of 1907 exceeded all previous six
months production IN the history Of the
hard coal trade. The previous highest
tonnage was in the first half OF 1906, with
al aggregate of 30. 74s. 997 tons. or 2,167'
59S less than the 1907 record.
in the period since January l, 1898, the
Standard oil Company has distributed to
its 5000 shareholders a total of sSSO,0I5,OO o
il dividends. The highest dividend rats
was 4S per cent in 1900 and 1901. and the
lowest 80 per cent. in 1898.
Underwriters Of the American Telephone
and Telegraph Company's S100, 100000 con-
vertible 4 per cent bonds have been called
upon to make a 10 per cent. payment on
their subscriptions. This will make a
total call of 80 per cent. The remaining
calls are to be made October 10 and
January l.
An officer OF the Atchison. Topeka and
Santa Fe Railway said that no statement
was ready by the company regarding the
amount of the subscriptions to the new
convertible bonds. He said that company
had not heard from London and Amster-
dam 1t is believed that the total amount
Of subscriptions was d~isappolntly small.
The American Tobacco Company on the
New York curb market broke % points
In only 800 shares changing hands. TINS
was due to the governments litigallon
against the tobacco combine.
A rumor is current that the Hill rnii-
roads are In the market for a loan OF s4J'-
600. ono. This Is presumably for use In con-
nection with the purchase by the Great
Northern OF Burlington.
It is announced that an expenditure OF
$4,000 for new equipment has been maze
every working day for the past five years
by the Hartman roads, until the expendi-
ture has reached the total of S6o,V0o.V~'
Orders for ears owned by the Southern
and Union Pacific so far this year have
increased Sc per cent. The hauling capac-
ity of locomotives has increased es per
cent, as compared with five years ago.
while the traffic Of the roads has increased
Al per cent. in the same period.
Prince a Whitley say: "The declines
during the week have been sharp, and a
natural rally seems due before long. Still
generally conditions are rather confusing
and the trend Is so uncertain as not 10
encourage extended participation on the
part of the public"
-
New York national banks paid In at the
sub-treasury yesterday about 10000 o OF
special government deposits held since last
October. The total amount called for re-
payment was $50, 900, 900. but this amount
was widely distributed throughout the
country.
From a canvass Of the copper trade II
does not appear that the rank and file OF
the consumers take eagerly TO the new
price schedule Of copper GUN on
Tuesday. Few important orders have been
placed and the majority of consumers APP
pear to hold aloof awaiting further de-
velopments.
E.. H. Hartman believes that as a ship
per he has just grievance against the gov
ernment should it attempt to do that which
it prevents n citizen or corporation from
doing. He said in part: while l am not
familiar with the laws and regulations
which will permit the navy or any other
branch of the government to employ for
eign bottoms in coastwise traffic or be-
tween ports of the United States and at the
same time will not allow a domestic cor
p~oration to do the same thing, l must say
the rule is not fair"
E. r. Chapman & Co. say: ut would
not be surprising did the market expert
ence a still further setback before it ex-
hibits sufficient strength to cause short
covering or any renewal of confidence"
The annual report of the Westinghouse
Electric n Manufacturing Company
shows net earnings of S., ass, 712, an in
crease of 81. LOG, 9S1 over last year. The
surplus for dividends after paying interest
charges, allowances for depreciation. de-
velopment work, ETC.. was 1852, 200, an in
crease of $45s, 400.
The STA, 100 preferred stock and s194.oC
common stock of the Chicago, Milwaukee
and st. Paul Railway just listed on the
Stock Exchange represents the rights OF
stockholders to subscribe to fractional
shares under the 800, 900. 900 stock subscrip-
ton offered in December. In order tc
avoid the stockholders losses with which
they were threatened under the original
subscription plan. 1t was decided that the
company should buy in the fractional
rights and sell stock against them.
The report of the Interstate Commerce
Commission in the Hartman case was
completed yesterday. and probably will bs
made public early next week.
Post & Flagg say: There has recently
undoubtedly been great improvement II
the condition of corn, while spring wheat
has not lone so we'll. However, with nc
unfavorable developments. the country
should have a moderately satisfactory
harvest in the fall.'
u. S. BUYS WELSH