The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-28

dated Gas Company.
The Consolidated Gas COMPANY has ,aid
aside over s~6.OOo,ooO from it's earnings. SC
that II the S0-cent gas law in New Yorl,
is declared constitutional they will have
TO turn over that amount to the consumer
VINO has been paying 81 per THOUSAND feet.
The American Car and Foundry Com
pany has opened up its Detroit shops with
enough orders to keep 5000 men busy for
two months.
The easiness of our money n.@rkets and
the constant rise in foreign exchange will
probably cause gold TO be exported in the
near future.
According to Snow 81 per cent. OF last
years corn crop Is still in the hands of the
farmer.
There cannot be the least doubt ex-
pressed in the fact that 70 per cent. of
the business done in Wall Street is profes
sional. All this talk that the investor is
buying stocks on an enormous scale Cannot
be verified by those we'll informed. Al.
though there has been much investment
buying, it has been in small blocks, and
this is only about one-fourth Of he iex-
tensive business done in Wall Street.
Notwithstanding the handicaps n bust
ness generally during 1907. and especially
by financial institutions. both the Mutual
Benefit Life Insurance and the Prudential
Life Insurance companies made bublic.
under such conditions, extraordinarily
good statements. \
One would think that when a large bapk
failure Is announced and the course the
government is going to take toward rail
roads for their m~isdemeanors that this
would brighten the bulls in a market. But
this was not the case yesterday.
Rumors that roads are going to issue
more notes is causing some disquietude in
financial circles.
Arrangements lave been concluded by
the Delaware and Hudson Company for
financing its obligations which mature dur
ing the early part of next month. The
company contracted n bank loan for $780,
600 to run for about five months with n
syndicate headed by Kuhn, Loeb & Co.
The bond market has been very active
OF late, Especially the speculative bonds,
which have made good gains.
Joseph Ramsey, jr., formerly president of
the Wabash ittsburs Terminal Railroad
enterprise, expresses the opinion that the
mortgage bondholders have no cause for
uneasiness.
Next Thursday night a banquet Is TO he
given by e. H. Gary, chairman of the
United States Steel Corporation, at the
Waldorf, and much discussion will be heard
whether the prices Of steel and iron goods
will be reduced or maintained.
1t was learned that the Corn Products
REFINING Company has set aside $4,000 as a
bonus to be paid to customers who buv
exclusively this year from the company.
Considerable surprise and qualification
was occasioned when publicity was given
TO the fact that the Erie had indeanitely
postponed its proposed reduction in east
pound seeond-class passenger rates to have
become effective on February 10. The as
sumption that this was the result of an
understanding between the highest authori-
ties was correct.
1t is said that a bar iron plant, to be
erected on the west coast of Mexico. tc
cost $20.O0o,000, headed by a New YORK.
man, Will receive the aid Of President Diaz.
According to those who claim to have
seen some of the figures the annual report
of the Diamond Match Company will show
about 49, per cent earned on the $4,000, OoC
capital stock.
The rate of discount Of the st. PETERSBURG
State Bank has been reduced y DER cent
to 61s per cent.
Mr.. King. Of Eisele & King. said: ..Thc
market is being well supported, and WI
think that stocks can be bought on any
decline"