The Washington times., 1907-02-24
THE WORLD OF FINANCE AND TRADE
FINANCIAL GOSSIP.

tNANGIAL GUSSR.
The Standard Oil Company has dis
bursed S371. 473, 200 TO shareholders over
period Of nine years. BY the close Of
this year disbursements Will have
reached nearly $4OO.OOOOO0. or four times
the outstanding capital stock OF the cor
poration.
A prominent mining engineer went
West a short time ago TO inspect the
mines Of a certain copper company
which is capitalized at over S1G,009O00
When he came back he reported that
he would not give $4,000 for the entire
property.
Over the last five years the United
States Steel Corporation has done an ag-
gregate gross business Of approximately
S,S26,S0o00e, against manufacturing and
operating expenses Of S2I14.32O. coo. the
figures for the year 1905 being estimated.
Calumet and Hecla sold at S1.G9O
share in Boston This recalls the fact
that a certain wealthy man. whose stock
in the company is placed by that quo
tation at a valuation Of S5.OO0.OO0. bought
his 800 shares originally for $3.50, or So
share.
It is claimed that the weather has
good deal to do with prices in the stock
market. When it is bracing and clear
quotations are likely To advance. while
muggy atmosphere makes people feel
blue and pessimistic and inclined 20 be.
bearish.
Since its incorporation I'm 1894 and up
10 December 81, 1906. the Bowery Saw
ings Bank Of New York has received
from its depOsitOrs S529lS3.622; the in
terest added to depositors' accounts was
SSo59O,SO9. The total payments 10 de-
pOsitors for the same period were s5l2.-
S52.062, which left a balance due 70
1i9.s0O depositors January ], 1907 OF
$96 922 370.S1-
1t is estimated that the General EIec-
trio Company in the current fiscal year
Will do a gross business of upward of
SI0.0OO.OO0. as compared with approx
mately S5SO00,00O in the fiscal year ended
January 81. last This years business
viii establish another new high record
unless something now unforeseen soc-
ours 10 interrupt the company's pros
perity.
salt Lake and Ogden interests have
taken the initiatOry steps TO improve the
camp Of Ely with a stock exchange. 4
corporation to be known as the Ely
Mining Exchange has been formed with
capital OF $4,000, or 100 shares Of a
par value Of 500 each.
1t is understood that The Anaconda is
esfH
have its stock traded i'm on "a basis Of
its parity Of S25 share. The Tennessee
Copper Company and the Utah Copper
Company are pTRparins to make .puIi-
cation To '.-t. HE American Smelling
and Colc-R''an group of copper proper
ties, II Is said, will make application
IN the near future TO list the shares
Of their companies not already listed.
f. w Bennett. promoting the 81. 500 900
orcss silk combination. the American
SILK Company, denies that a snag has
been struck. and says that ten COM
ianics have already been taken
over and that the options on twenty
others will be exercised I'm the near fli-
turc; He says the report OF a silk dycins
combination from Paterson does not
concern the American Silk Compauv
proposition. which has in view only one
dyciuS concern.
y meeting Of tho stockholders of the
Mechanics and Traders Bank. New
York. has been called for March =. to
vote on an increase of capital from 500
tvn 10 $2.Woeeo, and also consider in
crc1siug the board OF directors from
nineteen TO twcnty-onc The par value
"t the stock also Will be raised from So
10 800
according to the terms of sale. ono
nun OF The $50,oe09O New York Central.
slke shore aud Michigan Southern and
NlcnlGan Central notes. announced three.
weeks ago by these roads, IS 20 DE nut
out at monthly intervals bpciuuiDt,
Iarch J. These notes aye being pre-
Dared Tor delivery 10 the bankers.
There have been two important events
ln the history OF Calumet and Hccla tho
past week first - record sale Of the
shares at $1,000 per share or SlOO 600 COS
1or the property and second tho transfer.
"i -',WO shares Of AllOucz Mining Com
Iany stock into the name Of the Calumet
and IleCla Company indicating p rornir,,-
Calumet and Hecla control of that pror-
crty, although the above transfer reprc-
Sents but onc-quarter of the outstaud-
ing stock.
The recent strength OF United States
Realty and Improvement. of New York
shares IS accompanied by reports which
are said to have good foundation that
dividends viii be started on the sic no
500 capital stock in the near future. The
cnlltd states Realty and Improvement
company has an unprecedented volume
OF business on its books Orders on
hand represent an aggregate valuation
OF A'rDOup- The Fuller Company has
sufficient business on hand to keep its
working forces active for nearly three
years.
The special meeting OF the stockhoId-
erS OF the Edison Company. of Boston.
called to vote on the new stock is-lln
recommended by the directors, was ad-
JOurncd until March s.
The reason was that the gas commits
sion had not yet given It's authority
for the additional stock and, until this
IS granted, il is useless for the share
holders TO vote
The annual report of the Pressed Steel
Car Company for the year ended Decern-
Der 81 last, indicated about 1924 per cent
earned on the Sl1,500.O00 common stock
after the payment OF the regular divi-
dend Of Z per cent on the Sl2.5O0O00 pre-
ferred, amounting to $4,000 The in
crease in gross earnings was Sl6S0O-
go. which is little less tnan phenomenal