The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-11-07

MI NOTES
FOR INVESTORS.

The purchase of the Tennessee Coal and
Iron Company adds about 70O,000,000 tons
Of iron ore to the assets OF the United
states Steel Corporation.
A special meeting of the stockholders OF
the Empire Steel and Iron Company WIN
be held In Jersey City on November ~ 70
vote upon a decrease in the capital STOCK
from 81, ISL, 400 to So, 754. ITO by reducing the
common stock from 50, Psi. 400 to d,S64.To'
The Pennsylvania Railroad Company an
nounces that certificates for stock trans
ferred on Monday last are ready for de-
livery, and requests that they be collect
ed as early in the day as possible.
Railroads reporting earnings for the last
week In october show handsome gains IN
the great number OF cases as
with the corresponding period last year
The Southern Railway Company has APP
piled to the New York Stock Exchange 70
list $500, 600 additional Memphis DIVISION
first mortgage 8 per cent. bonds, due 1850,
and 81. 1000 additional first consondaeeo
mortgage 5 per cent. bonds, due In 1888
Copper metal continues in an uneasy
state. and the prospects are thai the Amai-
RAmafp0 mines NAV DC CiOoC0
ly in the near future.
A report is current that James X. heene
is in the market again. manipulating tue
Steel stocks 20 good advantage.
A suggestion made In Wall street Yves
that the Harriman-Union PACING tansleu
situation could be smoothed over d $50
deal If the organization of the PROPOSED
holdine for the Union Pacific as
sets could be so arranged as to relega.e
Mr.. Harriman's activities in the future 20
the Union Pacific proper, so as TO prevent
the bringing of government suits 10 ue-
strov the connections between the Union
Pacific and other railroad companies.
A. the special meeting of the Western
Electric Company the proposition TO 'Ss.N
s15. O00. 900 first mortgage 5 per cent. oonns
was approved.
Tn the financial district 1t was stated
hat certain banking and railroad inter-
ests had succeeded in raising a FUND OF sew
eral millions for the purpose of rendering
assistance TO the Northwest In facilitating
the grain movement.
A spacinl from New Orleans states hat
John Swanson. tire cotton prediction ex-
merit from England and this country. snys
TINT the cotton harvest this year Will az
ereea+e il. s4O.ooo bales. as compared WIN
100000 0 bales last year.
When ~Stuyvesant Fish was asked
whether he world send 70 stockholders OF
the Illinois Central Railroad Company a
new request for proxies for the next meet
ing. TO be held in Chicago, who is con-
testing for n new directorate against e.. n.
Hartman, he said that he certainly would.
representatives Of the transatlantic pas
senger lines are of the opinion that the
rate conference suggested in London would
material lie within the next week or ten
DAYS. None of them had received any ad-
ditional information from their home
Offices abroad. but the idea appeals to them
as a good one, they say. for the reason
that the cut rates have resulted In no par
ticular increase in business.
Stockholders OF the Union Carbide Com
pany. of Richmond. Va. have authorized
the increase of the capital stock of the
ompan from $6,0Oo,0 900 to $14,0oo,ooo.
Post & Flagg say: w believe that as
long as Clearing House certificates remain
In existence they will do all In their power
to prevent any sharp up-swing and en-
deavor to hold the market steady. For
this reason we feel like advising our
friends to sell stock on any effort to mark
prices up"
A seat was sold on the New York Stock
Exchange today for $4,000. TIL last
previous sale was at $65, 900. The high
mark is about $93, 600 for a seat. which was
made last summer, when the market was
encouraging the bull market and business
was good. The cause of this low price is
due to the small volume of trading done
on the exchange during the last eight
months.
The committee of stock list Of the New
York Stock Exchange has recommended
the listing of $50. 900, 600 additional II. S.
Steel Corporation ten to sixty-year 5 per
cent. sinking fund bonds, due 1863. 1t Is
supposed that part of this issue is intended
to cover the stock purchased from the TEN
neaaee Coal and Iron sYndlcnte.