The evening star and Newark advertiser., 1907-12-24

given an Orde. for 10000 tons OF steel ralls
to the Bethlehem Steel Company. The rail
mills are being run to their full capacity.
The United States Treasury now con-
tains $941. 100000 of gold. which Is the
largest amount 1t has ever held. 1t is also
the largest stock of gold held at any one
place In the world.
Delaware and Hudson Railroad will be
greatly benefited, according to its officials,
by the action the New Haven has taken
against the Jersey Central.
Members of the New York Coffee Ex-
change will also have holiday On the
day after Christmas.
Money troubles in Wall Street are not
over by a long shot.
At conference between independent
window glass manufacturers of Ohio, IN
diana and Pennsylvania and representa-
tives of the cutters and fiatteners the men
will receive an increase of 10 per cent. in
wages.
1t is reported that the directors OF the
New York Air Brake Company are con-
sidering plans whereby security may be
given to such banks as have advanced
them mo ey.
Thirty three railroads reporting gross
earnings for the second week in Decem-
ber show decrease of sos per cent. as
compared with the same period last year.
1t must be considered that last year was
a banner year for the railroads, and the
contraction in business which we have en-
countered this year does not show a bad
decrease for the railroads in that respect.
Leading copper experts say that they
do not anticipate any change in the dop1es-
tic situation and no improvement of con-
sequence is looked for this month.
Beginning January / the 5000 Grand
Trunk employees will become subject to
pension department in aid of which the
shareholders have voted 100000, and about
$750,OO0 will be contributed annually for
maintenance
Representatives of the leading steel
manufacturers are in New York TO confer
upon the steel situation and consider the
advisability or reducing prices in some
classes of steel products. Most of the steel
men are members of the subcommittee of
the general steel manufacturers committee
The result of their deliberation will be re-
ported to the general committee, which
will announce the new schedule if any
change Is made.
Copper advanced one-fourth of a cent a
pound in New York and declined $3.50 ton
in London yesterday.
The proposition to reduce the capital
stock of the United States Life Insurance
was ratified by the stockholders at spe-
cial meeting.
A protective committee OF the Southern
Steel Company for the first mortgage
bonds has been formed for the purpose to
look after the interests of the bonds and to
cooperate in such plans as may be formu-
lated for the rehabilitation Of the COM
pany.
For the fhird time the hearing of the
involuntary bankruptcy proceedings of
Otto Heinz & Co., of New York, has been
this time until next week.
Although three days remain in which to
assent to the plan of reorganization of the
Knickerbocker Trust Company, more than
majority Of the depositors have de-
posted their accounts with the several
trust companies. thus asserting to the
plan.
Compilations of dividends paid by the
mining companies of the Witwaterand,
London, for the year just closing, show
an aggregate of e6,9e2, 600. an increase over
1906 of R1,S96000
Post & Flagg say LAS everyone hopes
after, say the 10th of January, money con-
ditions will be much more normal, the
market is not apt to decline great deal,
but on the other hand 1t is impossible to
engineer a bull market or even sustain
material advances without time money,
for lacking such accommodation it is i'm
possible to make ones calculations or tell
definitely how to finance ones position. so
1t would look as we<were in for drag
ging and dull market for some little time
to come.n