The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-08-20
AND NOTES
FOR INVESTORS.

that day.
Arson r.. Flower. a member of the
finance committee of the 1nternationai
Paper Company, say there Is no founoa,
ton for the report that the international
is backing the movement to consolidate the
Western pape mills. He also added tnat
the international has no mills west OF the
Niagara Falls.
1t Is said that the delay in making the
usual national bank call at this time 10 que
to the telegraph strike. Bankers have been
expecting a call for the condition OF their
institutions for several days, and for more
than "a they nave been STRENGTHENING
reserves preparatory to such a call. Inns
has been given as one reason lor the
cheapness of call loans in comparison WIN
the high rate asked for time loans, espe-
clally for long periods.
A provisional engagement of sl'Oco@o
gold for export was made yesterday py
New York bankers.
The United States Express Company >
receipts for the first half of 1907 were
SS.532, 700. compared with S,yff6oo IN ~
same period last year.
President Topping. of the Republic iron
and Steel Company and the tennessee
Coal and Iron Company, says there mas
been a moderate falling off in the volume
of business, but the output OF MS com-
panies is still ahead of last year.
OF the $50, 000,0 900 of Metropolitan stock the
ACKNOWLEDGEMENTS, according 10 tut
last available figures. held $42,SS '5OO, anu
the public 1868. 700. The annual dlVldehn
of Z per cent. on the stock amounts 10
"a a4a Han = H. TAtnpbnP0IIQh- MRI-
ropolitan receives 81, $685. and the puphc
ss73. 379. 1t Is only because of the dividend
of this stock that it is able to meet the
) per cent. dividend on the preferred ISSUE
Some of the most important speculative
interests are buying May corn freely De.
lieving the crop will fall below 2,oW'Uo'VVo
bushels. The government forecasts a crop
of only 2. 100000, whereas one OF 3,lD'O"'Wo
was confidently expected early in the sea
SON.
The Government Bureau of Statistics VIII
issue a report on cotton at II o'clock on
September 8, and a report on spring wheat'
oats, barley. rye and tobacco on sep
10, at | O'Clock.
The Canadian Pacific Railroad is pre-
pairing to transport 21,0O men to help mar
vest the wheat crop.
The United Box Board Company has
paid off halt the floating debt left by the
Barber regime, and expects to wipe out tue
remainder within n year.
The Georgia Railway and Electric Com
pany has announced an increase amount
Ing. to 10 per cent. a month In the pay or
the motormen and conductors in its EN-
ploy.
The action taken by the Louisville and
Nashville Railroad in taking its rate case
to the Federal Court in defiance of the
State authorities has increased respect for
it and strengthened its investment position.
1t has been firmer since II has adopted this
policy and 1t Is also in a better position
financially to test the law than the South
ern Railway.
Bankers are using every means to dis
courage speculative operations in stocks MT
present. They advise their clients to buy
nothing whatsoever on margin and 10 be
very cautious in purchases for investment.
They say that only the better class of
railroad. industrial and mining shares are
safe purchases.
Brooklyn Rapid Transit sold yesterday at
Se&. the lowest price since 1904.
Irn,on poo,eo,s .nnnol naat,,o will ba
hold In SoIt Ioka cir, IN Octoher 3
-
In the governments foreign trade state
ment for July 1t is shown that the months
exports balance is the smallest with one
exception in ten years, the excess being
only $4,OO1, 000. Imports showed the great
est increase over 1866, the gain aggregating
szz'Wo'oOo and the increase in exports was
$l1,OOo,OVO- Gold exports were the heaviest
-
IN Illinois Central has closed con-
tracts for 5000 box cars, delivery to begin
IN September. This makes a total of 1900
-
Mr.. Cooper, Of Malcolm & Coombe, says:
IF we believed the cause of the decline
In the stock market to be wholly Roose-
yeltism If we believed that extortionate
fines and contiscation Of property were to
become general and that a long continued
mad riot of political attacks on corpora
tons We're inevitable, we would hesitate
long before suggesting that our clients
purchase stocks. As we do not believe
any such thing, but entertain the belief
that common sense will rule in this coun-
try in the future as It has in the past,
and as we believe further that the pres
ent is a crisis in the money market quite
as much. if not more than in politics, we
think that those who have means to pay
for stool outright will find 1t ultimately