The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-13

placed ahead of the common shares.
The Bethlehem steel Company has sent
out notices to holders of the first mottslge
extension bonds and serial notes to the
effect that the coupons maturing on Janu-
airy /, 1905. of the Bethlehem Steel 'soni-
psny first mortgage bonds and 6 per cent
serial notes, issue of July /, 1907, VIII De
paid on and after December %.
The general belief is that the Canadin,i
Pacific will buy the control OF the Boston
and Maine from the New Haven system
who are In a position TO know say
that the matter has not been p~roceeds1
so far as TO regard it positively, TIE
Canadian Pacific has the money and -
the New Haven wishes TO sell, log :
caliy is the purchaser. Should the Canadian
Pacific get the control 1t would be able 70
get its freight to the Atlantic seabodrd ati
the year round without any ice to block ITS
way. Delaware and Hudson is also men
toned as a probable purchaser. Delaware
and Hudson has no seaport terminal, anu
as ii does a large part OF its business III
the New England States the control OF taat
system would be OF an immense value 20
them. 1t is more than likely. however, mat
Mlolen will sell II TO them, as the Delaware
and Hudson only this week made anilia-
tons with the New Haven system in trans
ferrinc the latter roads freight cars 10 the
West and South.
Announcement was made that the Union
Electric Light and Power Company, a
subsidiary of the North American Com
pany. had purchased the Laclede Power
Company. of st. Louis. This company con-
trolls the lighting system of st. LOUIS.
80 . - Iii oix-.A thA North "A n1aT1-
can Company the control of all the ignt-
ing and traction facilities in st. Louis
This week we have witnessed a NUM-
Der of New York banks increasing their
capital stocks in order to procure ready
working capital.
The full annual report of the Union Pa
ci1c Railroad Company probably will be
issued next week. The report will show
in detail for the first time all the stock
holdings of the company i'll other COM
panies. The income account of the COM
pany has been published.
Railroads. as we'll as industrial orpora-
tons, are declaring dividends in certifi-
in order to keep the ready cash
as a reserve fund until the present money
gets back to normal conditions.
All plans for 4 merger of the MerCan-
National Bank with the Irving Ma
Exchange Bank or some other bank
off. at least temporarily, 1t was an
nounced late yesterday after a p~rotracted
meeting of the directors, who have had
several merger propositions under con-
The New York Stock Exchange commit
tee of admissions reinstated J. w. Hen
ming, who was suspended on October %,
1906, for failure to meet his obligations.
All the roads in the Western Passenger
Association are now issuing new kinds of
books, which bid fair to be pop
ular with the travelling public. No dis.
counts will be allowed and per mile trav-
eled it will cost two cents.
The Public Service Commission of New
York has notified the New York Central to
appear before it December II and show
cause why its one-way passenger fares be-
tween Buffalo and New York should not
be placed upon a uniform basis of two
cents a mile, and why all such charges
above two cents a mile should not be
abolished.
The afidavits read In the Chicago Court
In the. Illinois Central suit accused Stuy-
vesant Fish of misapplying funds for per-
sonal advantage and deny accusations of
Hartman domination Of Illinois Central.
Mr.. Fish was In court and declared he
would be successful.
The Boston News Bureau figures that
during the month of November the pro
of copper in the United States,
Canada fell off 34,S9s, 600
pounds, as compared with November, 1905,
a drop of So per cent.
The currency market is quiet and steady
with nominal quotations. a few large
transactions were reported at l to Ia per
cent. A large part of the money on which
premiums is paid for is bought for pay
roll use.
r. 7. Hubbard has bought two New
York Cotton Exchange memberships for
$4,000 each for interests at Liverpool.
The last previous price paid for a mem
bership In the exchange was S1i, 90.