The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-07-05
AND NOTES
FOR INVESTORS.


Gross earnings of the Pullman Car Com
psny for the fiscal year ended July 81. 1907,
will exceed $32, 00O, 900, according to esti-
mates, as against $29.5SS,6 42 the previous
year. These figures show thai the com
pany has more than doubled its volume OF
business since 1900. when gross receipts
from all sources was s1o,022, 3oS.
The Firemen.s Insurance Company. OF
this city. has been licensed by the Ten
nessee Insurance Department to do bust
ness In that State.
Despite the greatly increased cost of
labor, the Corn Products Refining Com
pany reports profits of its own business
and that of its Subsidiaries amounting to
=. 157,742 and undivided profits or surplus
for the year of 81, 1853, 1884.
The possibility of a general strike on the
part of the telegraph operators of the
country is regarded with a good deal Of
apprehension in Wall Street. Outside busl-
ness is none too brisk, and a suspension
of the wire service would interfere sadly
with what there is.
1t is again reported on the New York
Curb Market that the Dominion and the
British Columbia Copper Companies will
soon merge.
-
Railroads in Mississippi will fight an
order of the State Railroad Commission
requiring them to sell tickets good to any
station or on any other railroad in the
State, and TO carry baggage the same as If
on a continuous haul.
George S~pottiswoode has been elected
president of h Half-Dime Savings Bank
of Orange to succeed the late Wilberforce
Freeman, who died a few days ago. Mr..
Spottiswoode is IS years old, but is still in
active business.
Unpleasant conditions have arisen in
reference to present rules governing per
diem charges for the detention of foreign
cars. They seem to make it possible that
the matter will become the subject of an
animated. il not acrimonious, discussion.
at the next meeting Of the American Rail-
way Association.
A director of the Northwestern Elevated
is authority for the statement that the
proposed lnaneia plans which 1t intended
be comprehensive enough to feim-
burse the company for all money spent In
making permanent improvements during
the past few years also will take care of
necessary new construction work for a
long time to come.
AN. IN k,siI-- Ma.
The Price Current says winter wheat IN
dications are fully maintained. Corn is
now advancing In growth favorably. OF
oats the Current says the crop is irregular
and uncertain in promise. Keek's packing.
$4,000, against 100000 last veal.
The Westinghouse Electric and Mfg. Co.
has sold to Kuhn. Loeb & Co. SO, 100000 6
per cent. collateral three-year notes dated
August /. 1907. and maturing August |, 1910.
The Issue will be used for taking up a like
amount of Westinghouse so per cent. notes
which mature August l next. Holders of
the latter will be given the new notes at
par in exchange for the old ones, If they SO
desire.
Instead of having paid out s15.0 900, GOO in
the redemption Of the $36. COCO. 900 of out
standing United States 4 per cent. bonds.
as they originally estimated, the New York
sub-treasury officials discovered that their
total disbursements on account of Tues
days redemption amounted to sS,264,90
I. A. Mcintyre & Co. say: THE big in
terests who hav been behind the recent
bull manipulation may continue their sup
port of the general market and force prices
a few points higher by a continuation of
aggressive TASTES. Should any Of them try
to unload. however, they will soon discover
the complete absence of any outside invest
ment or public buying, and really little or
no short interest left to work upon in
marketing the surplus stocks they are ac-
cumulating on this purely speculative
movement. We continue to advise against
loading up with stocks under the circum-
stances"
The total value of iron and steel product
exports In May was SIS. 6S5. 100. against
S14, 593,6 43 during the corresponding period
last year. The imports of pig iron ip May
were only 2S.S4S tons, against 6s,276 tons
last year,
The amount of new securities created in
the United States for the first half of 1907
has never been paralleled. The grand total
authorized is $1,27 ,72S, 500. Already $729,-
442, 100 has been issued since January /,
leaving $479. 2S6, 400 of this years output to
be sold, in addition to a large carry-over
from the previous year. The railroads
nave contributed Of this vast sum almost
the whole of 81. 1OO.O 1000. partly estimated.
The industrial needs have not been so
pressing as the railroads.
James Stillman, who sailed for Europe
just before the Hartman investigation
began by the Interstate Commerce Com
mission. said that the rumors In circu-
lation saying that he was not going to
participate in the banking business my
more is not true, and that he will get
right down 10 business as soon as pos
sible.
hTe director Of the mint at Washington
purchased today 100000 ounces of silver for
delivery at Denver at 81. 1853 cents a fine
ounce.
Bradstreet's reports the exports for the
week with comparisons figures in bushels
as follows. Wheat, -four included, zoos, 9o4,
against 3.5SS. 124 last week: corn, 1,410, s04,
compared with 691, 600 in the same week
last year.
Mr.. Cooper. Of Malcolm & Coombe, said
''rhe past fortnight of s~easonable summer
weather brought the country has not only
greatly improved the general crop situa-
ton. but 1t has also enlarged retail trade
and has had reflection i'm better business
for iobbers and manufacturers. The nat
ural result is some return of confidence In
"