The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-29
BUSINESS AND FINANCE.
Jews AND NOTES
FOR INVESTORS.

FOR INVESTORS.
There is much diversion of opinion heard
easier money market, the doing away of
clearing house certificates. the resuming
of mills, the increasing of dividends and
the unprecedent strength in the stock mar
ket had lead many to think that a big
bull movement has started in Wall Street.
On the other hand, 1t is heard that time
money is scarce. that there are yet thou
sands of unemployed and there are many
dividends cut. The railroads have idle
thousands of freight cars and locomotives
and traffic conditions are poor. There
are just as many detrimental things be-
fore the public as there ara beneficial with
any number of uncertainties. Here Is a
problem of the present financial situation
which many are trying to solve with opin-
ions going both ways.
About Sis, 900, 900 In short term notes will
mature n the near future.
According to the Iron and Steel Asso-
citation the number of tons of steel rolled
in 1907 was four times the amount rolled
just twenty years ago.
There was much interest given to the re-
port of the United States Steel Corpora
ton of its quarterly earnings and how the
company stood financially and physically.
Many If the notes which are falling
due this month and next are being ex-
tended by the companies affected. The
reason is that although money is easy the
currency cannot be freely disbursed by
the companies when their affairs are so
upset from the recent inancia disturb
ance;
The MOI gan syndicate in New York is
said TO have disposed OF $1,000 600 more of
the 6 per cent New York City revenue
bonds.
The Southern New England Telephone
Company stockholders were authorized TO
increase the capital stock by $2,0oO,ooo, max
ing 1t now 100000
The New York Central subsidiary rail-
roads have been cutting and increasing
their dividend both alike. 1t looks as IL
1t was a hold-up for Wall street.
There was a large gathering Mt the meet
ing of the loan committed of the New York
Clea ing House Association which had been
called to discuss the relations Of what are
called delinquent banks by the clearing
house.
According to New Workers. who are in
timately connected with the relations In
the merging OF the Mexican Central and
National Railroads to the government
all the essential details have been
adjusted and 1t will he only a week or
ten days before the merger is made. A
few points of Importance has yet to be
settled.
The vice-president of the Jones & Laugh
lin Steel Company, limited, denies the ru-
NOR that the company Is going to build
a railroad from the plant to its ore mines.
The Interstate Commerce Commission is
preparing. and hopes to send to all the
railroads during February, forms for
statistics regarding car depreciation.
AS a result of the policy adopted by the
buyers and manufacturer to call for little,
except for what they need immediately,
the trade conditions lave been put on an
order basis of operations.
Til bond business in New York and
Newark has been of an extraordinary ma
ture. The increase in the business at this
time has been a noticeable one.
The United States Steel Corporation will
cut wages on February in the Pittsburg
district.
Mr.. Cooper, of Ripley & Cooper. said.
There is nothing in the situation to war
rant any bull movement, therefore, we
think stocks can be sold on all strong
spots"
Under existing contract between the
Western Union Telegraph Company and
the American Telegraph and Cable Conn
pany, which latter is controlled by the
former company. the guaranteed 5 per cont.
dividend or the $14,00o.000 stock of the lat
ter company is payable quarterly. The
dividend of II per cent. will be paid
on March / by the Western Union Tele-
graph Company.
The regular quarterly dividends of the
international Smokeless Powder Company
and the Du Pont international Company
will be resumed in April. One of The
highest officers of the company is RESPONSE
BILE for this statement.
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