The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-15

| transfer COQpdhS oShS iAN
more and Ohio has been given more time
In which to make payment for the pre-
ferred stocks. The road received two eX-
tensions. but 1t failed to meet the pay
ments and the committee has decided to
proceed with the suit to annul the Baltl-
more and Ohio lease.
The prevailing opinion about the olvi-
dend action to be taken tomorrow by tue
directors of the ~Amalgamated Copper
Company is that the dividend VIII De
either passed or cut.
Professionals believe that the STOCK mar
ket is being advanced in order to cover
I'D the liquidation of stocks. On the ue-
cline the big interests undoubtedly Sc
| cured a large amount of Stock ana how
II 10 only natural for them TO get rla OF
some of it. So wherever a short interest,"
is discovered the big interests run IN the
shorts and liquidate of their enormous
holdings at the same time.
A dispatch from Pittsburg says tnat
iron bar prices are lower than they nave
been in several years, and sales have
been made as low as S1.3o a ton
A large trader. who pays much attention
to Industrial and railroad financial CON
| djtions. said that at present technical COLI
| ditions and manipulative tactics were more
important. from his viewpoint. than Il
| knowledge OF the ssent changes III tue
| business of the big corporations. But ne
| added that within a month or less IL Wouiu
be the basic factor that would TELL IN
Guiding the character of the money market
and corporation earnings.
Assents to the plan for rehabilitating the
Knickerbocker Trust Company OF New
York and reopening of its doors are beng
received in increasing volume daily. Inc
u%nassented deposits are now a compara-
lively few millions.
F. A. Delano has been reelected presi-
dent of the Wabash Pittsburg Termina
Railway Company.
Life insurance companies in New York
are so determined to secure a modification
of certain restrictive sections in the Arm
strong insurance code that they are asking
the New York Legislature to appoint a
special commission to investigate and re-
port on the operation of the reform insur-
ance laws now in effect.
The bears lave had all the best OF the
argument in the Chicago wheat market
during the past week. and the sentiment
among the traders has taken a decided
turn.
Bonds are now yielding nearly % per
cent. more income than they formerly
have been paying on an investment basis.
For the first time in two years money
In New York is worth less than the Sc
c~urities it Will buy.
1t is said that the United States Steel
Corporation has bought its own preferred
stock and then cancelled the orders. The
corporation has n right TO buy its own
stock under Its charter.
Much interest was manifested in New
York in the bank meetings and annual
elections.
Post & Flagg say: All surface indi-
cations point to higher prices, at present
writing, and there is no use of any one
trying to predict exactly how far the
movement may go before the bullish en-
thusiasm wears itself out"
Boston and Maine and the Amalgamated
! Copper Companies will hold their divi-
dend meetings tomorrow. The fact that
| all the mines belonging to the Amalga-
mated. together with the Washer Smelter,
are closed down with the exception of the
Boston and Montant, which is now run
ming at practically its full capacity, makes
the situation as to the first-named conn
pany peculiar. and it's somewhat uncer-
tain what action the companies may take
OH their dividend.