The Washington times., 1907-08-19
FINANCIAL GOSSIP.

That the telegraphers' strike is hur--
fng business in the Pittsburg district
and that 1t will hurt more and more in
time, is apparent, and IL Is estimated
that not less than 5O,O00 in damages
has already been sustained by Pitts
burg interests. though the strike Will
not have been on a week until today.
Lack OF sufficient telegraph facilities
last week caused many large iron and
steel deals to fall through. or at least
10 be postponed. There were more spe-
cial delivery stamps used in the Pitts
burg district in the past week than in
any other week in the history Of the
city, yet business could not be handled
ns had been hoped for.
The dividend OF IS a share declared by
fhe board of directors for the third
quarter of the year brings the total
dividends Of the Standard Oil Company
from 1889 to date up to a grand total
Of 1851. .424. .3e2. The Standard oil Com
pany has, perhaps. paid more TO its
shareholders in dividends over the last
twenty-five years than any corporation
an existence. Its dividend payments
within that period exceed the author
Bzed capitalization of 500, 900 six
Zines over.
There are persistent rumors that the
first National Bank and Morgan inter-
ests are bullish. Probably the only basis
Tor these rumOrs is that those interests,
.eepecially the Morgans. have been buy
.tng things of late. being about the only
people in Wall Street who are able 10
Puy things in large way out Of their
Own resources.
James A. Allen, a lawyer, has sent an
open letter TO Police Commissioner BlDg-
ham, of New York, complaining that
fhe curb market there is a public nuis-
ence, and as such should be driven
from the street.
Figures just compiled show that the
Pennsylvania railroad is now operating
f5z4 more freight cars than ii did a
year ago.
=. The rate OF interest has been increased
fromf 81 TO 4 per cent BY four Buffalo
savings banks. The increase is the re-
Bult Of the large returns from the in
Restments.
The advance in the Bank of England
rate 10 ~ per cent is a symptom of
conditions on the other side; and
warning that we cannot expect the help
IN that quarter that we have obtained
the last two or three years.
George Westinghouse before sailing
Tor Europe, expressed the opinion that
any business recession would not be OF
long duration. that as a matter of fact
the July business of the Westinghouse
companies was the largest on record
ana the companies were all we'll sup
piled with orders.
The outlook for the mark$ is still
unsatisfactory. Prices are very low
and there are plenty OF good stocks
which are really very cheap from the
investors point OF view. The monetary
situation. however. has not yet fully
righted itself and further liquidation
seems more than probable, with inter
vening rallies Of more or less import
ance.
AmaIgamated stock touched s. Thurs
Gay. at which price IL is relatively
cheaper than when II sold at its lowest
price Of S3es. for since that time the
Amalgamated Copper Company has
added many millions 10 the cash in its
sub-companies such as the Anaconda
and the Boston and Montana.
Complying with the recently-made in
surance laws. the Mutual Life has sold
to President George NJ. Cumming, of the
United States Mortgage and Trust Com
pany- as the head OF syndicate. its
entire holdings of that companys stock.
the par value OF which is Sl.073.600. and
the net market value A.SS1, 200.
II is reported that a biz deal has Just
been consummated in Boston that puts
of claims. OF greater or less value, in
the Ely camp. in Nevada
POTION MApKET CTEANVs