The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-10-22

low records every day on the exchange.
Stockholders representing large interests
in the Mitchell Mining Company am
nouneed that a protective committee had
been organized.
The 4 per cent. bonds of the Consolidated
Steamship Company, the $50, 900, 900 Morse
steamship combination, is selling now
around SIS. 1t was these bonds. together
with United Copper, that through their
weakness first gave to WALTZ Street an
mixing of the banking trouble.
The financial statement of the westing-
house Electric and Manufacturing Com
pany for the six months ending December
30 show; Manufacturing profit, $2,S2 ,S16;
miscellaneous income, 81, 1877, 800; total In
come, $1,010, ia, less interest ON bonds. etc,
LOCI. 800; six months surplus, s., 942, 1874.
September gross earnings of railroads are
favorable but less so than the returns in
August, and the result throughout the
country is not likely to be as good as on
some of the great Eastern lines. On fifty
five roads, as reported in the Financial
Chronicle, the gross increase was $4,144,7i9
or 1856 per cent. The mileage covered is
about one-third that of the country. For
nine IlOHlHS lfe GROSS edIniilSS udNe III
creased $45, 1879, 400 or 1852 per cent.
Friends of John w. Gates say that he
will return from Europe about the middle
of NEXT month.
Total payments of the Pennsylvania
Railroad Employees Relief Fund in the
month of September, according to the re-
port just issued, amounted to 500, 1893
Muller, sehal & Co. ship today to
Germany 81 $780, 900 gold on special orders
from Bremen 1t is understood that the
gold will go to Vienna.
Edward II. Hartman did not appear
in the United States Circuit Court to show
cause why he should not answer certain
questions relative to the financing of the
Chicago and Alton Road as he was or
dered to do. 1t was learned that he was
granted a delay until November 10. Thu
questions referred to were asked Mr.. Har-
riman by the Interstate Commerce Com
mission last summer.
The report of the Northern Pacific Rail-
road Company for the year ending June
80. 1907, tells the usual story Of increased
cperatihg expenses, due to higher wages
and the increased cost of fuel and other
supplies, the unusually severe winter and
a volume Of business hat overtaxed the
capacity of the road at various points.
AS with the Great Northern, snow and
floods were serious items on the debit side.
For eighteen months the Pennsylvania
has had in use on the famous Horse Shoe
Curve steel rails made by the Spanish
American Iron Company, in Cuba. These
rails have worn better than nave the or
binary standard rails of the same weight
manufactured fr:-n other ore.
An official statement by the Railroad
Commission shows that on June 80, 1907,
Texas had 1882 miles of railroad, of
which 1850 miles were main track and
2,S06 miles sidings.
T.. A. Mcintyre & Co. say: 'It is our
opinion, however, that we are now pass
ing through the worst of the present
hysteria, and that the future stability of
the market will be all the better for the
severe purging which it is going through.
During the last few days we nave been
advising covering Shorts on the de-
.clines, and we would rather continue this
suggestion than to recommend new com
mitments on the short side to any extent
in following the present pessimistlc views
and bearish tendencies of the crowd now
selling stocks"
-
Henry Clews said. "As 70 onerat;ons In
the stock n,arlat + oont aau'~no "
tran.o sa..sS- Svn'iiue " auV4se eN-
S Nau..on' Inc SITUATION is stli con-
FUSED, and until something occurs 20
clarity the outlook, operations on the long
side will involva oonsidarotIo .ts,, liz
smp sAeenle oeennes winch nave already
saNen pidee renuer the snort SIDE lnereas-
l1gly hazardous"
-
) , Bache & Co. say: That the public
appreciate to some extent the remarkable
opportunities to buv good things chean IN
Is shown by the transfer sheets of the
great corporations with pages and pages
of lots of ten shares and upwards daily
recorded. That the small investor Is
steadily planting seed for fut,,ra no rvest
&c adyana,na y ~ Autuie iai Nese
"s pipceS u cause OF some COM
49, "hu 10 W ne HOpeu InaL tnlS move
ment will become widespread.p
-
Western traffic officials continue to com.
grain movement on most Of tho lines tan,
ping the northwest is resnonsIhle for n,
absence of rolling stock to q much large
extent. Still the movemenf ~ ali ola se,
of freight is heavy enough to Leen %offscIsI.
on the alert Tor a,onfv cars Paiiroas
people are not SO mnnb alsTmed ovnr ~,
extent az hnsfness danrassian ~ No. ar
of their faciiities% There ara a sions uS =" a,'
easier monetary situation and Win n,