The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-08-30

Stock Exchange list $0Oilsz,VVV ne" avn
son 5 per cent. ten-year convertible coupon
bonds, due in 1917.
Each day brings a fair reduction in the
outstanding of the government IS. so lar
$I, 546, 500 have been redeemed. This means
that only ss.574,s $50 are still outstanding
At a meeting of the holders of Central
OF Georgia income bonds a committee was
selected to take steps for the protection OF
the bondholders.
As to the future of the bond market. a
local broker said; with any decrease in
business activity, and consequent easing
of the strained money situation, the bond
market will attract investors. as securities
are now selling far below their intrinsic
values. A. real demand for high-class
bonds will do more to permanently restore
and right the financial markets
than any temporary relief. through SHIFT
ing of loans and credits, can hope to &C
complish.
There has been some trading in the divi-
dend warrants to be issued by the Erie
Railroad In lieu Of a cash disbursement.
1t Is reported that negotiations between
the producers and consumers of copper are
progressing toward a settlement of their
differences, and that the deadlock will be
broken within the next fortnight. 1t is
thought that the agreement may fix the
price of copper at eighteen cents.
Owing to he inability to secure a quo
rum of the directors of the st. a sys-
tenn. the regular monthly meeting was
postponed until next Thursday.
According to the New York Times. the
regular dividend of 6 per cent. will be de-
clared upon the New York Central Rail-
road common stock when the directors
meet for action on the question In the
middle of next month, in spite of reports
to the contrary circulating in the lnan-
clal districts for a number of days.
It is probable that within the next sew
eral weeks cuts IT. certain classes of iron
and steel products will be announced.
Many of the mills are catching up with
their shipments, and premiums are disap-
pearing. An announcement of a cut in
tinplate prices are expected at any time.
A slowing up in the steel besiness is I'M
der way. but what proportions it will
reach is p~roblematical.
Governor Stokes will make an address
at the first days m ,eting of the conven-
ton of the American Bankers Association,
which will be held in Atlantic City on
September 25, .26 and q.
Stockholders of the American Steel
Foundries Company will hold their annual
meeting in Jersey City October l. at noon,
to elect directors for the ensuing year.
Books for the common and preferred
stocks will close September 10, reopen
October 2.
A.McIntyre & Co. say: "The stock a
ket has been devoid of any exciting incl
dents the past week. Repeated efforts were
made by the aggressive bear element to
start fresh liquidation, IN with this end
in view there was a rather general assas-
~sination Of credit of reputable and sub
stantial banking houses. bond dealers and
brokerage firms. These rumors were SO
much more elaborate in detail than were
current during the end of the March
panic that they excited a good deal of
apprehension over Sunday, but when Mon
day passed without any failures and it
was realized they were put out largely
for stock jobbing purposes in the effort
to start a fresh break in prices, the gen.
crafty of traders at once came to the
conclusion the worst news bearing upon
the general market had come out ara
been discounted"