The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-08-28
NEWS AND NOTES
FOR INVESTORS.

Depreciation since the
ment of the year, according to nsules
compiled by a New York news bureau,
in the market value of securleles
traded in on the New York Stock Ex-
change has been very heavy. FLY
active stocks, twenty-seven OF them
railroad. and twenty-threo Industrial
show a ~shrinkage of $1,2S5,OS4'fSe'
The Census Bureau presents interest
ing figures concerning the manuiac-
ture of paper and pulp. At the census
taken in 1905 the reported value OF tne
products of the industry was $lSs''lo.-
1S9. and the industry gave employineht
to 65.964 wage n and the capltai
invested in 1t Is reported to be Szi'-
444,471, while the exports of paper ana
manufacture of paper is $S,2SS,OSo; the
imports as $5,62s.63s.
Statistics in the freshly published
fortieth annual report of Poor's Man
ua1, covering the operations of the rail-
roads of the United States for the
fiscal year ended June 30, 1905, snow
that during that period there was an
Increase of 1924 in railroad mileage IN
the United States. the largest gain
since 1890. Gross earnings for the
year. amounting to 2'S4S'o4o zee,
showed a gain of $294,442.516, while
total net amounting to $790,1S7,Il2, in
creased 04,723.224. Both established
new records. The amount of stock
outstanding was S7,106, 4OS,976, or
$32.533 per mile. an increase of $S64,-
452.151 over that of 1906. while bonds
amounted to s7,S51,107,77S. The aver
age interest rate for 1906 was S.99 per
cent. against 2:79 per cent. for 1903,
and the average rate 1853 per cent. as
compared with 1927 per cent.
At a special meeting of the stockholders
of the st. Louis and San Francisco Rail
road propositions to authorize an increase
in the common capital stock of 500, 00O,0 O
and an increase in the bonded Indebtedness
of $115, 600. 600 by an issue of general lien
observation-disclosures gold bonds limited to
the above amount, were approved. This Is
part of the plan for the acquisition of the
Alton.
The governing committee of the New
York Stock Exchange will hold a special
meeting tomorrow to consider the meEa-
bers' petition for closing the exchange
from Friday to Tuesday next.
In the past eight years New York city
has issued 1866, 900, 600 of bonds, so that 1t Is
not altogether surprising that there is nc
great scramble to buy $4,000, 600 of even AZ
per cents.
London reports a coming consolidation
of the Premier and the De Beers diamond
mining companies. The Premier shares
advanced So a share on the rumor.
Evidence showing that the leading Can
adam banks feel that they will soon have
to meet a crisis in canada, owing to there
not being enough capital to keep up with
the development Of the country, is given
by the circulars which some of the banks
I~,- -1-t - - IL fhof lNa~ahrC Ar
dering that all unnecessary expenses be
Immediately cut off.
Some of the most important banking in
terests in Wall Street are predicting that
there will be a great investment demand
for bonds next year. They base the pre-
diction on the theory hat monetary con-
ditions will show a marked improvement
in the early part of 1908 as a result of the
business contra elton, and that unemployed
capital will find fits way into the bond
market as well as to improve the standard
Investments stocks. whose margin of safety
gives sufficient security.
The enormous investment buying since
last January is show by the big increase
of stockholders of many of the leading
corporations. At the beginning Of the
wear the General Electric Company had
about 5.4Oo stockholders. This number has
Octn Il(i GiSCo " v wv q 6oAi VI itoSO IA
seven months.
The Ohio Electric Company. i%ncorpor-
ated several months ago will a capital
stock Of 100000. will increase its capital
to SIS, 900, 900, half of which is preferred.
The value of the mineral output of the
Transvaal for the year ended June 80, was
$153. $40. 155. against 1922, 49,, $50 in 1906. Gold
represented s13S. S42. ESQ, and the remainder
consisted of diamonds, coal and other
metal.
A prominent official of the National lines
In Mexico is responsible for the statement
that the sum of 5000, O6o,0 gold will ave
to be paid out under the newly effected
merger of the railroads there before the
merger of the railroads can be entirely
effective.
A resolution d~issolving the Rhodes Sc
curity Company, a subsidiary corporation
of the New Haven Railroad system, was
passed at a meeting of the directors of the
company. Armed with The necessary prox-
les and records, Secretary Parker, accom-
panied by two assistants, signed the Off
cial ocume that puts the concern out
of business.
Post & Flagg say: However. after al
the recent disturbances, about the bes
that could happen to the market at pres
ent would be for it to steady down ant
avoid violent movement either way, ant
this seems to be about what is going on
According to the Berlin correspondent
Of the London Economist, the American
finance bills. il appears have been takei
In quantity by Berlin bankers despite thu
monetary stringency in Germany.
Tho Tondon Stock Exchange will b,
closed on Saturday. September Z.