The star and Newark advertiser. [volume] (Newark, N.J.) 1908-1909, 1908-02-17

The Georgia Southern and Floridi
Railway has announced a cut of 10 pc
cent. in the salaries of employees. ThI
order will affect persons getting 500
month n more.
1t is anticipated that the conspicuous
speech of the week with reference I,
currency question will be made in tn
United States Senate by Mr.. La Fol
lette, of Wisconsin. II is expected tha'
he will criticise the Aldrich bill from
all standpoints, and will give it th(
most severe scoring that it has had ,oi
is likely to have during the, discussion
1t Is understood that fully so pei
cent. Of the steel finishing plants ca
pacity is in operation, the mills are
running ,ntermittently and on single
turns, so that probably the actual out
put is much less. While specifications
on suspended contracts have been
available to a larger extent, current
new business, especially for heavy ma
terial, has increased very little. and
there continues to be more or less com
petition for the small orders coming
out, which is bringing about conces-
sions from the Independent manufac-
turers and the combinations prices are
supposed to be sustained on the sur
face.
The Lincoln Trust Company, OF New
York, has filed with the Secretary Of
State a certificate giving notice of an
increase in it's capital stock from ST.
600, 600 to 81, 500, 900. :
A dispatch from Chicago a that
notice has been given that all claims
against the Union Traction receivers
must be filed by August l.
Active politics and inactive business
is frequently mentioned in the market
letters sent out by the large New York
brokerage and commission houses. The
public, from what these authorities say,
is doing very little. and few brokers
are advising purchases at the moment,
except for quick turns.
The effort to force an advance in re-
fined copper by sheer trust strength has
met with flat failure. which it deserves,
within the last week. Increasing out
Put, notwithstanding the curtailment
by trust interests, the light smelling
both here and abroad. also the con-
tinued increase of stocks, has been too
strong a combination of forces to be
combatted successfully wen by the
copper trust.
The connecting link between the Illi-
nois Central Railroad and the Central
of Georgia, also said TO be controlled
by Hartman, has been practically I'm
ished. and by April 10 Mr.. Hartman
will have a line from ocean to ocean.
Western fruit dealers intend, as soon
as they have succeeded in putting ex-
press companies out of the business OF
buying and selling commodities, to be-
gin a movement for legislation by Con-
gress making express business unlaw-
full, except when conducted by trans
portation companies.
The aggregate railway earnings Just
compiled for the last six months of 1907
show a decrease of coils per cent, for
seventy-three companies for December
and only 2.s4 per cent for six months.
This emphasizes the intensity of tile
CSblOtl III loAiNdo olAAAi6o "a
the end of the year.
-
An analysis of the freight tonnage
in the past two months BY, the
Atchison shows that the depression
originated in the East, where there was
large falling off in manufactures and
merchandise west of Chicago. The
;ountry's business seems about normal.
The reports received from the bust
ness world are not all so unfavorable
as near the close of the year. The con-
last December was the kind
could not last long. The country
Is at present resting and econon1izing
and a couple of such conditions should
lay the foundations for much substan-
tial improvement.
Western traffic men, naturally opti-
are not inclined to become en-
thusiastic over the signs of improve
which are appearing in the rail-
road and business situations.