New-York tribune., 1907-09-04

the Chicago & Eastern Illinois Railroad COMPANY
have declared the regular quarterly dividend Of
IL per cent on the preferred stock. payable on Oc-
tober / The directors of the Evansville & Terre
HaUte Railroad Company have declared the reglI-
laT annual dVidend OF . per cent on the preferred
stock payable Z1s per cent on october 10 next and
p per April IS. 1895 and the regular an
nual dividend of per cent on the common stock
payable on November l. The directors of the
American Beet Sugar Company have declared the
regular quarterly dividend OF 1lh per payable
on October / The directors of the CRANKY Con-
soIidated Mining and Smelling Company have de-
cared the regular quarterly dividend Of per cent
with per cent extra, payable September so
STEEL CORPORATIONS EARNINGS-Fore-
casts of the United States Steel Corporations net
earnings during the current quarter ended Sep
about s5.oo0.GoO as compared with the figures for
the April-May-JUne quarter, hut about s2.ooo.0o0
IN excess of the earnings for the third quarter OF
1905
NEW BROKERAGE F1RM-walter Blair. David
H Blais and Edgar l. Jones have formed 4 broker
age firm under the name Of Blair Bros & Co Mr.
Jones was formerly with Moore e Schley- The
Offices Of the firm at No 20 Broad street
THE CoUNTRY'S STRONG POSIT1ON.-Fisl &
Robinson in their monthly circular say:
The present is neither a time for fear-breeding
good time 10 calmly take account of stock TO sec
where we really stand.
In connection with existing conditions. We should
not forget that farms produce some 2o.0oOoo0
oe wealth each day-aRd it Is questionable If this
da{lv Weld will be diminished this year; that our
mines are contributing between S6,Ooo,Ooe ana
8 600 600 Of new wealth each twenty-four hours
and that exclusive of foodstuffs each day sees
s50o9O.e 600 Of newly manufactured articles. our
railways carry 30Oe. 600 tons of freight day. and
earn more than 100000. 600 annually. while our
railroad system itself is the admiration and stand
ar OF the world. The railroads and factories pay
out each year approximately S3-50ooOO,ooo for
wages which average the highest paid by any
country. Our inland traffic amounts to at least
SIS 0OO 600 daily. while construction Of steel
merchant ships last year made record or IL
with an aggregate tonnage of S6o6e5-4f or the
vessels being for the inland lakes Recognition or
The greater advantages offered by the United states
has stimulated immigration the high water marx
of nearly 500 coo for the six months ended June So
last To this should be added nearly 100000 dur
ing July. Is II conceivable that in land of such
actfvi1iee-such tremendous business momentum
affairs can come suddenly TO standstil even in
III. face Of a Worldwide money shortage II is
rre that commerce and manufacture are adjusting
themselves Iessened money supply, but tnat Goes
not necessarily imply stagnation.
General confidence has received a pronounced up
lift not only from the concrete fact that financial
aid is assured through increased deposits OF gov
eminent funds in the national banks. but more eS
7ecialy from the clearly indicated attitude Of Sec
rerarv Cortelyou toward this problem
In general. We are confident the bond market Is
seeing its most trying days We expect tflat tlefe
viii he high rates for money during the next four or
five months The United States. however, by rea-
son of the governments strong financial position
tv reason OF the gold shipments already made oy
reason of the value exports. by reason OF the
sound condition of our banks by Of the thrift
Of our people and by reason Of the readJustnenI
or our commercial and industrial affairs. VIII en-
ov IN the early days OF the coming year the most
favorable position Of any nation on the globe II
-iil be extraordinary Il these conditions DO not re-
suit IN an improved bond market