The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-08-06

ditu tuen AJbI Bl&Ul Oh lGduo u 1S bN
that Mr.. Hartman is trying to get TINS
public used to It before admitting Its
reality.
Steel Trust officials deny that 1t has pur'
chased the Midyale Steel Company OF
intends to do so.
Erie Railroad is making strenuous enorts
to bring its operating efficiency on a par
ity with other roads. particularly In tne
way of equipment. Since 1906 there has
been an Increase of S6.1 per cent. In It's
locomotives. 1853. per cent. in passenger
cars and 14.2 per cent. in freight cars.
Members of the New York Cotton Elk
change are signing a. petition to suspend
business on Saturday, August 81, preceding
Labor Day.
There are still outstanding 81, 2S6. $50 gov
eminent As. due July. 1907. This means
$24, 800 has been redeemed.
The London Bankers Magazine reports
an increase in the value of 3S7 representa-
tive securities dealt in on the London
Stock Exchange for the month ending
In American was equal to So per cent,
while English home ordinary shares rose
but IL per cent.
1t is rumored that the coffee loan of
1900, 600 pounds for Rio Janeiro has failed
because of the attitude of European bank
ers.
Another year Of great prosperity from
the traffic standpoint has just opened for
the American railroads. This seems to be
the unanimous opinion of the men at the
head of the traffic departments Of the
several systems. 1t is founded not on
mere surmise or guesswork, but on careful
and thorough investigation of crop con-
ditions and on the commercial and indus
trial activity.
Through one of its directors the North
American Portland Cement Company has
bought 400 acres of cement land at Belle
vue, Mich. where rock material Of the
best quality has been discovered.
William M. WINS, who is conducting the
Public Service Commissions investigation
of New York into the city's railroads,
does not contemplate calling either August
Belmont or Thomas F. Ryan.
James POLITE filed in the United States
Circuit Court his answer to the cross bill
in the action instituted by him against
the Wabash Railroad Company and others.
Mr.. Cooper, of Malcolm & Coombe, said:
Prices lave suffered quite a setback and
we believe on any further. recession the
market would be a purchase for a turn,
but at the same time we cannot be bull
ish in. view of such drastic court con-
ditions.'
Several large independent oil properties
in Ohio, West Virginia and Pennsylvania
are about to be merged, according to a
dispatch from P~ittsburg, and several
of dollars will be expended in de-
velopment and extension work"
The London Stock Exchange here will be
closed Saturday, August "a.
All grades Of copper were reduced u
a pound on the New York Metal
Exchange. Prices reaching the lowest
record since the consumers struck FLOR
the lower scale in the prices for various
kinds of copper
While in important financial and rail-
road circles it Is not believed that the
parent Standard Oil Company or the sub
sidiary company operating In the State
of Indiana, will be compelled to pay the
full moun of the fine imposed by Judge
Lands last Saturday, 1t may be taken
as a fact that the action of the court is
regarded as Of great importance and no
little significance. Close relations with
largo corporate interests recently likened
the position of corporations and those re-
sponsible for their direction to a patient
suffering from a severe attack of typhoid
fever. AS the period of convalescence
would be long and the patient subject to
frequent ~relapses. Those who are watch
ing the whole situation closely believe that
for some weeks to come corporate inter-
ests will be compelled to pass through
one of the most disturbing periods which
they have been subjected since Federal
and State authorities began their aggres-
sive policy against large aggregatins of
capital.
Post & Flagg say: I'VE consequently
have decided timidity on the part of the
ordinary investor and market operator
and this encourages bear operations rely
ing on the absence of public support ever
at decided concessions In price. Such
seems to have been the, general trend Of
today's market. Prices are getting dowr
to pretty low figures again and although
there is not very promising prospects OF
an immediate rally at this rate the market
will before long become oversold as II
was In July"
RAILROAD EARNINGS.
Colorado Midland, June. gross $199, 1924, in
creaee S94 $50. oparafinO axnpnaae S167 Xxx