The Washington times., 1907-07-28

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The annual report Of the Calumet and
riecla Mining Company for the fiscal
year ended April 30 shows that during
he year tile company produced mineral
EQUAL to 1923. tons refined copper, as
against 1862 tons last year. The prod
ict OF refined copper was lG,94s tons.
For the previous year the product Of
refined copper was 50,5l5 tons. The
price Of copper has varied from lS24
cents 20 26A cents a pound.
At no time in the history. OF the New /
York Stock Exchange has the market |
been more entirely IN the hands Of the l
element which dominates |
the trading. The general public, as It |
Is called, is inclined to be afraid Of a /
market OF this sort.
The Amalgamated Copper Company |
has on It's books the names OF more !
stockholders. probably, than any other
mining corporation in the world. Nip
issing has s.OOe stockholders. while
Homestake has $50 shareholders
The report that f. II. Hartman Is go
ing away for four or five months is de-
MED. Mr. Hartman says he expects TO
20 away in about two weeks 10 be gone
two or three weeks to make his annual
cruise over the Union and Southern Pa
cifc.
The directors or the Chicago. St Paul.
Minneapolis, and Omaha Railway Com
pany have declared the regular semi
annual dividend of Slk per cent on the
preferred stock. and 3l6 per cent on the
common stock, payable August 20.
AS Monday is the beginning of the
settlement in London, the past few days
transactions seem TO indicate that there
has been a more considerable bull ac-
count open on the other side than had
been thought likely. London usually
buys Steel near the dividend time. but
the selling Of the Hartman stocks
would indicate that speculat6rs there do
not care about carrying their holdings
over the last settlement in July. In view
of the postponement Of the dividend
declaration.
The first Philippine postal savings
bank was opened for business at Manila
on October !, 1916. Three months later
there were sixty-two banks IN operation
in various parts OF the islands. These
had 621 depositors. having TO their credit
So. 500.
There are few industrial companies
that are now showing larger profits on
their respective preferred stocks than
the Republic Iron and Steel Company
The present market valuation of the
common shares OF the Republic Iron
and Steel Company is approximately
81. .6Oo. 900, or not much more than the
average net profits per year based on
the showing over the last two OF three
months.
The annual demand for cash from
the interior for the moving Of the crops
soon will be made. and time money IN
| consequence has been frmcI. Call money
| is easier, but this mainly is because
there IS no great demand for It. Many
, bankers, however, are of the opinion
/ that the Secretary Of the Treasury may
make large deposits Of public funds In
! the banks of New York at the time
when the stringency begins to be felt.
/ distribution 10 other financial centers
4 to be made later.
/
/ syIvania Sugar Refining Company, re-
! ceiver, to recover from the American
Sugar Refining Company $15,Oo0.00O al
legged damages. will be taken up shortly
when ev!G~39re will be taken in Baltl-
more and other places TO prove that the
so-called trust is a monopoly and has
killed competition. When this evidence
is gathered the court proceedings will
be started.
Nothing better serves to Indicate IN,
midsummer duIlness in the stock marke
than the fact that seat on the New
York Stock. Exchange has been solt
for 81, 500 as against $4,000 recorded 10
the last previous sale When activIt,
reigns the price Of seats goes up. Bust
ness is not so good now, but man,
given half a chance he will make {
better.
In 1906 the average number OF EN-
ployes Of the United States Steel Cor
poration was 202. 457. and the averag
wage per man was S725. an increase .
S14 as compared with the preceding
year. and S47. compared with 1904. Tn
total amount paid out in wages by tn
corporation in 1906 aggregated S147. 765,
Co., an Increase OF nearly S5OOOOCOO Il
compared with 1904
, Banker James 'Spever, who is stay
Ing at Carlsbad, is quoted as saying
, Everybody knows that in the Unite
States commercial business is on
J sound basis, but like all progressiv
! countries IL has felt the effects Of III
!, international money stringency, thoug
in a greater degree than anywhere els;
If the crops turn out fairly. especiall
cotton, ana high prices are obtaiHe
there does net seem any reason to ez
, pect a serious setback. A moderate rt
action would be berchcial The col
porate Investigations will have a fay
e orable result"
JOHN 2. A DELINQUENT