The Washington times., 1907-08-04
FINANCIAL GOSSIP.

z. II. Hartman is quoted as saying
that the drop In stock market prices is
only temporary. that prices are going
TO improve, and that the general out
look is encouraging. He believes credit
conditions, as they affect the corpora
tons, are growing better. and that the
demand for bonds will come with a rush,
as has always been the case. The Sc
curities will be absorbed until none Of
them are left on the market.
The Calumet and Hecla Mining Com
pany, from 1900 to 1906 inclusive. has
paid 10 It's stockholders a total OF S33-
5000 In dividends. In the same period
the Amalgamated Copper Company has
paid out in dividends $42,325.O 900, and the
Anaconda Company, S22. $4,000.
II is said 10 be evident that. in order
to meet the requirements OF the interior
banks for the crop movement. Il will be
necessary for the Secretary Of the
Treasury to make a large Increase in
United states deposits in the New York
banks.
The total resources of the Carnegie
Trust Company, New York. Of which
Leslie NJ. Shaw, former Secretary of
the United States Treasury, is presi-
dent now amounts to SIO.7O0OOO. a gain
OF nearly 2s per cent during the past
month.
The increase In the Southern Pacific
common dividend to a 9 per cent annual
rate instead OF per cent, adds another
stock to the list of one dozen leading
railroads which have increased or start
ed dividend disbursements since the first
Of the year.
An official Canadian report says that
there is SIN much gold to be taken out
OF the Yukon. From examination con-
Quoted by the government II is believed
that there is about S54 OOO. 600 worth IN the
gravel banks. About flloOOOOO have
been taken out.
Atchison is being accumulated appar-
emily by interests close to J. p Nor
gan Co., who have taken over the
fves not sold 10 the public
As further details come to light con-
cerning the steps taken by F. Augustus
Heinze to effect a far-reaching mining,
milling. and smeIter combination, there
is growing belief that the United Cop
per Company will be the parent body Of
the entire coalition.
Directors Of the General Chemical
have declared the regular !
semi-annuaI dividend Of 2 per cent on |
the common stock, payable September 3. |
A complete review OF the important /
security issues which have been put out |
by the railroad and Industrial corpora |
tons of The country since tho first of !
the year shows a total amount OF short |
term notes OF approximately 1861, 900 900. |
OF bonds. 5000, 0o0 600. and OF stock, SlO7,- |
100000, or grand total of nearly $685. |
100000
The United States steel Corporation |
IN January. February. March. and April |
earned sufficient money 10 cover its Dos
sibie charges of over S52, 500 OCO for the |
entire year 1907. This is the best show |
ing the corporation has made since its |
All OF the Gould roads have had a |
prosperous year. as the returns up to
June 30 show. The percentage OF in
crease In gross business runs from 81 |
In the case of the Missouri Pacific 10 |
s6.s In thai of the Texas Pacific.
The statement Of earnings OF the /
Canadian Pacific for twelve months sur |
passes all expectations had OF the re- |
suits for the late fiscal year. Gross 1
increased SlO,5OO,OOO or more /
than u per cent, and net earnings In |
creased 2.22s. 600. or more than 10 per /
cent.
During the fiscal year ended June 30. |
9O7. the United States produced about |
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