The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-09-06
BUSINESS AND FINANCE.
NEWS AND NOTES
FOR INVESTORS.

that the total exchanges for all cities IN
the United States outside of New York
during August were 81, 753, 2 S,O65, an in
crease of 1913 per cent. over the corre-
spending month last year. New York
city c~learings amounted to $3.50 9o.4S9, a
decrease of % per cent, as compared with
1906.
During August the American Car and
Foundry Company shipped 10,S47 cars, the
largest number ever sent out by the COM
pany In one month. Almost as many cars
will be shipped" this month. Net earnings
for the first three months ending July 81
last increased $685., 9&.
The National Railroad Company of
Mexico informs holders of its 5 per cent.
gold notes, maturing October /, that II
has arranged with Speyer & Co., OF New
York. for the extension of these notes
until April. l 1909, with interest at the
present rate and subject to
at The option Of the company on any IN
terest date on sixty days notice by pup
LEGATION.
In decla ring an extra dividend Of 6 per
cent. on the stock of the Chicago, Bur-
lington and Quincy Railroad the directors
have made 1t an 5 per cent. stock. Wnen
the control of the Burlington was bougnt
for the Hin interests $500 of 4 per cent,
bonds. guaranteed jointly by the Great
North arm and Northern Pacific Railway
comnanies were issued for every 500 OF
burlington stock offered in exchange. On
this basis the interests would be at the
rate of 8 per cent, against 7 per cent.
received in dividends on every SlW VI
Burlington stock. 1t Is said that opJect
of the declaration today OF the . per cent.
extra dividends. which amounts roushiS
to about 5000, 900 is to reimburse the ad-
vance on interest account made by tne
Great Northern and Northern PACING. Inc
additional dividend of the Burlington stock
will contribute about So, 25o,0o to each Oh
the treasures of Great Northern ana
Northern Pacific.
On Sentember IS the syndicate headed py
Kuhn Inch & Co., who underworld the
s7s mn oaa convertible bonds OF the Union
Pacific. will expire by Limitation on tna'
date. and the bonds will be distributed ~
the members of the syndicate. AS ~
stockholders of the road bought very ~.
tie of the offer the price fel nVe po.
below what they were ofrereo 10 eneA
+horafkre the syndicate will have 10
furnish the money.
who, the Inst dispute with the miners AZ
Butte was settled an agreement was ma
with the union by the Amalgamateu In
that certain wages should pe paw
when conner was more than eighteen cents
a mound. the extra pay to be cut on When
II fell below that price. The natlonai OF
ganjzation Of the labor men reIuseu ~
confrm this agreement. Now that copper
ID dronninp the Amalgamated people may
to enforce the agreement ana re-
duce wages. BY doing so a strike may en-
sue and this would cause COM
plications.
The bulk Of grain bills that have come
on the exchange market represent German
of wheat. This is a good thing
for tn. market, since Berlin has been the
only market disposed to draw old from
us recently.
Julv reports of railroads are greatly de-
by reason of the requirements OF the
new national law and the orders OF tho
Interstate Commerce Commission as to the
form and matters of the reports. Reports
which were due or August ~ nave not
yet been made public.
Reading Company reports that the pro-
duction of anthracite last month amounted
to 1,173,O0O tons. which is one OF the best
records for that period In the company's
history.
Members of the committee representing
the income bondholders of the Central OF
Georgia Railway yesterday discussed a
plan of procedure to compel a full dis
bursement of & per cent on the second
and third income bonds was formulated,
but no details of the plans were made
public.
Judge Gary. of the United States Steel
Corporation, sailed Wednesday from Ger
many and is expected in New York about
September 10.