The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-07-02

large that stockholders can expect the
regular dividends on both of the preferred
stocks.
The fight for control OF the Marsden
Company In Philadelphia has been re-
newed and the Consolidated Paper and
Milling Company, said to be the largest
individual holder of Marsden stock, is re-
ported to have taken the side of the adj
ministration forces.
There were twenty-one New York banks
reporting less than % per cent. reserve in
last Saturdays statement. This compares
with twenty in the corresponding week last
year.
Gloucester. N. j.. proposes an issue of
$4,000 bonds for city improvements, and a
special election has been called for July
% to vote on the question.
The Rock Island Railroad yesterday paid
off Its three-year Az per cent. notes.
Marshall, Spader & Co. say: 1--WE look
to see n better demand for American Sc
c~urittes in Europe. and in this respect the
market has promises of better support.
The recent advance in the market has been
at the expense of technical strength, and 1t
is a fair assumption that present levels
may be fully sustained without a specu-
ldllNe TedcllOn.
The total circulation of national bank
notes for the month of June was $6O3, 1885,
600, which Is the largest amount of cir
c~ulation outstanding in the history of the
government. The gain for the month was
$1.SzS.1 40, and for the year $42, SIG, 800.
Holders of securities in John r. WalsE's
three anks in Chicago are assured OF re-
covering the book value of their securities. |
Mr.. Cooper, of Malcolm & Coombe, says:
AN improvement in confidence is one of
the noteworthy features of the market.
and there is evidence that should condi-
lions permit during the present month an
advancing market would enlist consider
able public support. Any adverse event.
particularly In the business situation,
might readily cause a little spasm of sell
ing In the stock market, but we believe
that liquidation In stocks has been pretty
thorough, and we do not expect any fur
Their severe declines in the near future In
any way comparable to the declines which
have occurred in the past six months"
Foe Schwab, a brother of Charles
Schwab. according to the stories In the
financial district, delivered between one and
two millions of cash wheat, thereby clos
ing up a venture In the wheat market of
New York and Chicago which had extend
ed over a period of three months. 1t is
reported that Mr.. Schwab cleaned up about
100000 in profits as a result of the cam
paign.
1t is announced that the syndicate which
purchased the issue of 81, 100000 State of
Alabama 4 per cent. renewal bonds, repre-
sented by Goldman, Sachs & Co. and Will
lam Solomon e. Co., has disposed Of its
entire holdings at a profit.
Banker identified with the United Rail-
ways investment Company rave practical
ly agreed upon raising about $1,500, 900 adj
ditional funds to supply the needs of its
operating companies
Mr.. King. of Eisele e. King, says: 9TH
market has advanced steadily for nearly
nine days without any reaction. Naturally
a speculative reaction should set in and
then stocks can be bought proftably for
a turn. Union Pacific, Great Northern
and Copper look good
The Board of Revenue, of Montgomery
County, Ala, yesterday awarded $4,000
AZ per cent. semi-annual ffty-year road
bonds to the First Natioral Bank. Of
Montgomery. Ala. for a premium of
81, 500.
A mortgage of the properties of the
Chicago City Railway Company was
placed on record, calling for the issue of
bonds for s1O,0OO,OOo due in twenty years
at . per cent interest.
The American Smelling and Refining
Company voluntarily increased all en-
ployees' wages from 5 to 10 per cent.
The last payment of 40 per cent. or
$2,000,00o by subscribers to the S5,oOo.oOO
two-year 3 per cent. notes OF the Lacka-
wanna Steel Company was made.
change house, has been organized, while
the Stock Exchange firm of Brown, Ryan
4 Williams has been dissolved.
There was a decided ~shrinkage in the
volume of new structural steel business
last month. New orders received aggre-
gated 10000 tons, compared with $4,000 tons
booked the preceding month.
The value of iron and steel, not including
S SEain iRp s. sssl ~ y \ Ma Nav 1911 i5iOS was TG s4's sIe1 les,
months the total was $s7 SIS, 6O6, as com
pared witt s26, 1861 65 in the corresponding
period perI@d, of last oss year ear Iron a saod steel steel exports 1s 2
at $l4.o9S, 643. as against SIS, SIS, 722 for May,
iNs; For eleven months ended Z May ex-
pared with 46.Sss,sS2 for the corresponding
period of last year.
One of the first railroads to depart from
the present type of rail. according to a
story circulated among steel men In New
York. will be the Santa Fe road. which is
said to have closed a contract with the
Bethlehem Steel Corporation for $4,000 tons
Of rails to be delivered next year.
Newark Butter. Cheese and Egg Market
These prices will remain in force until
noontlme tomorrow
Butter prices are as follows:
Fancy extra creamery print. 2ThQ 2S15
Renovated, fancy prinf........ a "A