The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-08

According to a Londoh authority inc
price of commodities there is now lower
than 1t has been for nearly two years.
Nearly all of the railroads reporting for
the fourth week in December showed a
decrease III their earnings as compared
with last year.
Stockholders Of the Cincinnati. Dayton
and Hamilton Railway will meet FEBRUARY
to pass upon the execution of a supple
ment TO the %refunding mortgage OF July
/ 1904 the authorization of the purchase
of refunding bonds and an issue OF slf'-
aSe, 900 4 per cent. purchase money notes
to pay for the bonds, to mature July l.
1912.
United States Steel Corporation preferred
stock is being offered to employees Mt Sli'oo
a share cheaper this year than last
Stuvvesant Fish says that he is much
gratifed at the results obtained by WIN
throp E. Scarritt. who canvassed Burape
for Illinois Central proxies for Fish. FISH
has got the voting power of fully " per
cent. of all the stock in Great Britain
Ireland. France and Hol' and. although the
same ground was gone over for the Har-
riman interests.
The American Farm Products Company
which recently reduced its capital from
eli. 0o0.0 600 to 81. 500, 00o, will not absorb any
more companies for the time being.
The National City Bank OF New York
in its January circular presents an anai-
,sis of the reports of the national banks
az of December 3, which shows the cen-
tral reserve cities were So, 0,00o below
their legal requirement on that date, ana
Tho reserve cities SO, SOC, 900 under, while
the country banks, those outside both the
central reserve and reserve cities, held
s1O3. 700, 900 more than their legal reserve
requirement.
A deaI has been contaminated whereby
tbe Central Accident Insurance Company,
of Pittsburg, is taken over by the Mary
land Casualty Company.
Rumors have it that the United States
Steel Corporation has secured a large
number of orders from foreign concerns
that will keep a number of mills busy
for some time to come.
The Readings anthracite coal shipments
in 1907 totalled 14.01S, 537 tons, a new hlgn
record or an increase of 2,1bo'24s TONS
over the previous year. -
Much of our railroad securities and In
dustrial bonds nave been sold to French
investors. During the past month 1ully
S.. 600. 900 worth of oar securities nave
been sold to French investors at the cur
rent low prices.
If the Aldrich bill, which is now before
Congress, heconaes a law the Treasurer or
the United States will be enabled to cir
culate not more thai $3.50, 000,0 900 at any
one time in an emergency
A new plan by a special committed oil
IL CtaoI E1at1ndrfao Gamma nv"
for n distribution of back dividends on
its SIT, 0e0.0O0 6 per cent. cumulative pre-
ferred stock has been approved by the
directors and will be to the
stockholders this week.
Mr.. King, of Eisele & King, said: I'VE
look for a much broader and active mar
ket. and think it is safe to buy on any
recession"
A representative interest in theN rehabili-
tation of the Hamilton Bank, OF New
York, says: Justice Belts, in his decision,
provided for the appointment of a referee
to pass on the receivers accounts with a
view to saving. as much expense as pos
sible, 1t was later agreed that the ref
eree should be eliminated and that the
accounts should be gone over carefully by
representatives of the bank and of the re-
ceiver. That Is being done now, and 1t is
necessarily slow work, as every asset has
to be checked off and all payments, ex-
penses and disbursements examined with
care.