The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-09-13

diary products. cotton, hay and tobacco
moved higher.
Conflicting reports are heard about
the Allis Chalmers Company. which is
one of the largest manufacturers Of
heavy machinery in the country. The
latest is that E. H. Gary, of the Steel
Corporation, is to take a more active
part in the management of the Allis-
Chalmers Company. In regard to this
Judge Gary said. my connection with
the Allis- Chalmers has been nominal
and there is no intention of making 1T
active. Still, I think from reports from
the officers of the corporation that it
would be highly successful if it lac
more working capital and it's manage
ment was strengthened. 1 believe eff
forts are being made in that direction.
There is no connection between the
company n United States Steel"
An official of the Atchison Railway Com
pany said that the corn crop in Kansas,
parts of Missouri and Central Illinois is
about made. and that a light frost would
do no harm.
Coincident with the directorate meeting
of the Baltimore and Ohio Railroad Com
pany in New York the interests identified
with the protective committee formed in
the stock of the Chicago Terminal Trans
fer Railroad Company held a conference
concerning the sale to the Baltimore n
Ohio of the preferred shares deposited
with them.
The Central of Georgia Bondholders
Protective Committee expects that en-
graved certificates of deposit will be ready
In three or -four days, and that immediate
application will be made to list them on
the New York Stock Exchange.
Exports of copper during the month of
August amounted to 13, 45S tons, against
20, 4SS tons in the same month last year,
according to the New York Metal Ex-
change.
The Brooklyn Union Railroad Company
haslmade. application to the Public Service
Commission in New York for permission
to issue $2O,OOo,ooO of bonds.
Ten thousand mill workers in the Pitts
burg district will get more pay under the
new scale of prices Just by the
wage committee of the workmen and en-
ployers, the change being based on the
selling price of iron for the previous three
months.
Wall Street believed that the millennium
was at hand yesterday when it saw James
J. Hill and e. H. Hartman, the two fore
most rivals in the railroad world, in com
pany with two other prominent men.
Post & Flagg say: TT takes a long time,
however, to clean up the conditions
l created by the tremendous decline in
prices which has occurred since January l,
and such a shrinkage in values, of course,
puts a heavy strain on the entire financial
community. 1t is idle, therefore, to ex.
8 pect other than a slow recuperative
!. process"
BY a vote of S46 to 1853 the members OF
the Chitago Board of Trade have adopted
: an addition to their rules. which provides
: for an extra assessment of $25, payable
on October !, from 1907 to 1911, inclusive
The fund is to be used whenever any
member withdraws from the board, but
not more than $500 is to be paid for any
seat.
Owing to the demoralizat Tor of the COP
n per industry, some interests which haC
been extremely conservative since the frs
of the year, but which recently had com.
to believe that there would be little chang,
in general business are now afraid tina
the iron and steel and various other line
viii suner IN proportion to the falling of
that has taken place in the demand TO
the copper metal. 1t is realized, of course
, that there has been overtension in man.
lines OF business and that the real estat
situation in some respects has been un
not be at all surprised to see the much
talked-of general depression in bushes
d recession take place within the next few
months. While such a turn Of affair
would, OF course, cause trouble and suffer
Is ing for those most directly interested, ii /
pointed out that the ultimate results woul
be decidedly interesting and would b
beneficial to the whole situation.