The star and Newark advertiser. [volume] (Newark, N.J.) 1908-1909, 1908-02-07

The Western Electric Company's an
nual report just Issued show a de-
crease of about % per cent. in sales
for the year, due chiefly to fewer sales
to the Bell Telephone Company.
The situation in the wooden goods
trade does not look encouraging. The
American Wooden Mill Company's BUSH
ness is declining from asst years high
mark, and while it is probable, still at
the ome there is nothing to indi-
cate that the falling off will endanger
the declaration of the usual dividends.
It is said If general Industrial con-
ditions do not imp to a substantial
degree before their next declaration in
May, the Pennsylvania Railroad direct
ors will seriously consider reducing
their dividend. The company must
have at least $50, 600, 900 for use this
year, and they see no other channel
open to help 1t except a reduction in
dividends.
This week reports show less depres-
sive conditions in the bituminous coal
trade than a week ago, but the inl-
proyement is slight. The b~ituminous
coal trade begins April l, and indus
trial conditions then will be a great in
nuencing factor on the business of the
coming year Labor disputes will arise
and have to he met, and that with other
conditions will command the unusual
attention of producers.
The Bethlehem Steel Corporation has
orders for several thousand tons. prin-
cipally structural steel, for use at the
New York terminals of the Pcnnsyl-
vania and the New York Central. 1t
is reported the Western roads are in
the market for 100, 900 o n of heavy
section steel rails.
Secretary Cortelyou in all probability
will recall a considerable amount of
United States deposits and may do so
without giving any general notice, sim
ply notifying individual banks TO re-
turn a portion of such deposits within
a given time.
The money situation in this country
on February l showed the largest per
, capita circulation of any country in
the world having a stable monetary
system, with the exception of France,
their per capita being $40, While the
| United States was $36.75
While the Mexican government prac-
tieally controls the Mexican Central
Railroad, from individual judgment. 1t
will not affect the stock of the COM
\ pany, owing to the governments in
terests to develop the country and its
liberal disposition towards investors
generally.
Present indications now point to the
fact that the Brooklyn Rapid Transit
Company will not be forced to cut their
Coney Island rate of passenger fare
until the beginning of this summers
business. Even with the five-cent fare
in force, the company within another
years time, owing to the rapidly grow
ing population along it's lines, will be
lin a position to operate probably, and,
like all transportation lines. consider
able earnings will be derived from
short-haul or way station traffic.
The Union Pacific Railroads loss in
net revenue for the last half year
amounted to about s per cent, while
the Southern Pacifc's same loss during
the same period was about Is per cent
January fires in the United States
! = and Canada were $29. 5S2, 900, against
$24. 064, 900 in January, 1907, and SIT, 1880
in January, 1906.
Some American life insurance com
pany has paid 100000 on King Carlos's
life. The New York Life Insurance
Company was suspected, but at the
company's offices 1t was denied.
The Republic Iron and Steel Company
reports an Improvement in the steel
trade.
1t. is reported that the New York
Stock Exchange may appoint a COM
mittee to counterfeit by publicity and
other means the flood of legislation
against the various~organizations in
which. trading. in securities and commo-
dities is carried on.
Nevada Consolidated Copper Com
pany announces that the $4,000 900 bono
issue has been underwritten and that
application to participate In this under
writing amounted to $12, O0o, 900.
The boarding of money by Western
country banks is not entirely over, as
is illustrated by the dispatches from
st. Louis. The country banks in that
section which were supposed to be in
financial stress are shipping metal ga
lore to the large city banks because
their vaults are overlooking. and no ex-
PLANTATION can be given for this.
Wal Street and other financial CEN
tres are very much interested as to
what for the new S30,000,000 Illinois
Central equipment trust note issue will
take, which is under contemplation by
the road.
Thirty-fve prominent men of New
York city have agreed to be directors
of the Knickerbocker Trust Company
and act in that capacity. providing that
the remaining dissenting depositors as
sent to the plan of reimbursement OF
business Of the bank
THE PRODUCE MARKET.
NEW YORK, Feb. 7.-Flour-Re-
ceipts, 12,057; sales, 1900. Unsettled,
with little doing.
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