The Washington times., 1907-06-30

iiii's At hlBhef point IMAM mas ever
been before recorded.
Savings banks in New York seem Il
be working toward general 4 per cent
allowance on their deposits. Out OF
thirty-one banks In New York county
twenty-four have declared 4 per cent or
al deposits on July l. On January /
lsV'' eleven declared 4 per cent on al
deposits and on July /, 1895. fourteen
declared per cent on all deposits.
All branches Of the iron and steel in
dustry are as active as they have been
AT any time since the first Of the year
and ,he customary shutdown for re-
pairs and inventories I'm July will Do
made as short as possible While new
business is not up 10 the production OF
the mills. specifications are unusually
heavy for this time OF the year. and
there seems 10 be no inclination on the
part Of consumers TO cut down their re-
quirements In the least.
Inc United States now Is one Of the
largest producers Of gold in the world.
ana also receives the greater part OF
me gold taken from the Canadian Klon-
dixie. The gold production Of the United
states this year will exceed 100000. go.
banking circles in London are OF the
opinion that the European outlook
steadily Is improving. The worst OF the
Egyptian crisis seems TO have passed.
and those who are well Informed in the
premises say that no trouble need be
anticipated In consequence Of the settle
ment at Paris. II is expected that
money will be much cheaper in July
with the return Of the dividend dis
bursements TO the market. and a cheer
lui tone prevails where. a short time
ago, pessimisln was the rule.
The first six months OF the current
year will not show any material change
In the net earnings Of the Pennsylvania
lines east and west of Pittsburs frou
the figures of last year. The Eastern
section Of the system at the time Of Its
last report was about $4,000 behind last
year IN net earnings. but the lines west
were about $4,000 ahead Both Fasr
and West, the April earnings. the latest
issued, showed substantial gains in net
so that the end Of June should see the
system well up with last year, II not
ahead.
Relief which gold exports from the
United States VIII bring 70 the money
markets OF Europe may be compared
with that which was given to the money
market OF this country when Secretary
SHAW, just before the San Francisco
earthquake and fire, inaugurated his
pollcy OF making United States deposits
gold fer import.
The current fiscal year of the Brook
lyn Rapid Transit Company will come
TO close today. Although the COM
Panys annual report will not be made
public for several months. some idea Of
what IL viii show can be gained from
tne quarterly reports of earnings OF the
oPera Ing, companies OF the system filed
AZ albany. These reports. taken to-
gether Tor the nine months ended
March 81 last, indicated an increase in
gross earnings equal to 528 per cent
out decrease in net earnings Of 3.27
per cent.
With the earnings reports OF eleven
months at hand. the general business
aspect Of the Atchison's fiscal year is
now pretty clearly defined. The gross
earnings Promise to be well above Ss3.-
OU.OOO, and operating expenses, excIu-
sive OF taxes and rentals, bid fair To
osoro 60 per cent of gross. The net
charges. per cent on the Sl14I95 go pre-
ieTred stock outstanding and leave a
balance equivalent 10 between Is and is
per cent on the common stock
The Toxic Stock Exchange has de-
cided TO increase its capital to 1900 coo
yen. All the new shares will be allotted
to Shareholders and holders Of old
shares.
1t is proposed 10 put up the charter
of the Montreal Mining Exchange at
auction. Little business has been done
on the exchange since the British Co
lumbia boom.
The Rock Island lines for the year
ended June 80 will show an increase in
gross earnings of about $4,000 600 which
VIII bring the earnings of the system
Up 10 about S112. 900. 600. The surplus TO
be shown by the various companies In
thls system from these earnings. in
winch the preferred stock of the Rock
Island company has ownership, prom
lses 10 amount to about 100000. after
charges Of every description have been
met, which is equal to something like
10 Per cent on this issue. The balance
Indicated Will allow over s per ce.1r on
the common stock of this company.
The latest purchase by the United
states Treasury Department of 10000
ounces OF silver at 67.SOS cents an ounce
represents a recovery OF 21b cents an
ounce from the low point of the year
resultant from slump from last years
high price
Last year the price of silver was adj
vanCed from 64597 cents. the averao -a
price for the month OF March, to 7nMsI
cents in November: the subsequent re-
action caused the metal to drop to %. $50
cents In April OF the current year, while
later transactions have been at a con-
stantly advancing figure, the last record
ed being at 67.503 cents
MRS. McKINLEY'S FRANK.
Mrs. Mckinley was the last person
privileged TO frank her letters. Is il
not suitable time TO let the cid custom
lapSeE II has never been subject in thfs