Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1910-12-30
IN THE WORLD OF FINANCE
FINANCIAL NOTES.

INtlNNthL NJ L0s
The New York Cotton Exchange. as
well as the Liverpool and New Orleans
exchanges, will renal closed from this
afternoon Until next Tuesday for an
extra New Years holiday.
Theodore w. Gramp. Of Cramp,
Mitchell & shober. has applied for
membership on the New York Cotton
Exchange.
The unanimous opinion Of Philadel-
phia bankers is that money for 1911
will be comfortable" rather than
easy" Plenty OF people seem to want
money. and others will be in the mar
ket II the rate is attractive.
The Illinois Iron Company has eerti-
fed the increase of its capital stock
from SO. 0O0.O 900 to IS, 900, 900. the add
tional 81 0 900 to be issued TO stock
holders at par in the immediate future.
Proceeds from the sale will go toward
the construction of a new plant.
A seat on the New York Stock Ex-
change has been sold for $40 900. a de-
cline of 5000 from the last previous
sale.
The Lehigh Coke Company. of South
Bethlehem. owned by Charles NJ.
SchsSab. has increased its capital from
$500. 900 to SIS, o00, 600.
William L. Benedict and Charles 8.
Sargent, jr., will become members OF
the firm of Kidder, Peabody e. Co, New
York. on January 2. Both have been
in the New York Office Of the firm for
several years.
The Westinghouse Electric and Manu-
featuring Company, Pittsburg, has laid
off a number of men, but Is still run
ming more than 90 per cent. of capacity.
No contracts are being given out for
large work.
November gross earnings of the
Canadian Northern were s1,565, 400, an
increase of s47, 900 over the correspond
ing period last year.
Canadian Pacifc's gross earnings for
November were So, Ala, 2s8, an increase Of
1887, 275 over November of last year.
The New York Stock Exchange seat
of the late Samuel ]. Seligman has been
posted for transfer to Harold S. Frank
enheimer.
The stock exchange firm OF Probst,
Wetzlar & Co., New York, win dissolve
on February l., H. P. Wertheim. Gus
49, TEr1~&bsrn I'D rnnf1 T. ErhoFlar
retiring. The business will be con-
tinued by J. d. Probst INC w. A. Mer-
tens under the firm name of ]. d.
Probst & Co.
Chicago and Atoms increase in earn
ings for the first three weeks of De-
cember is $50, 5Ss.
Official quotation of iron bars at
Pittsburg is now s1.35, as compared
with $40 a week ago.
Early estimates of gross earnings for
the month Of December Of the Philadel-
phia Rapid Transit Company are ex-
pected to be 800, 900 increase v the
earnings OF the corresponding month
last year.
Thomas G. Plant has resigned as
director and president of the Thomas
@. Plant Company. Boston. 1t is ex-
pected that w. L. Radcliffe will be
elected to the presidency at the annual
meeting next Monday.
Representatives of the American Beet
Sugar Company say that the company's
financial position is so strong that it
can pay If all its notes and distribute
4 per cent. on the common stock out of
this years earnings alone without
touching the previous surplus.
BY the end of the calendar year, II
earnings of the ten months may be
taken as a criterion, the Delaware and
Hudson will have earned l5.2 per cent.
on capital stock outstanding of s42,-
sol, 600.
The So 900, 900 Chicago. Rock Island
and Pacific Railway Company first and
refundIng As, which were offered by N.
W. Harris & Co. Philadelphia, yester-
day, were all disposed Of.
City Comptroller Morrow, of Pitts
burg, sold s4.s7S,o 900 Az per cent. semi
annual one to thirty-year serial vari-
Gus bonds to N. w. Harris & Co, at
s102. 45s.
The following 4 per cent. semi-an-
nual bonds have been awarded by City
Auditor Ernst Won Bargen, of Cincin-
natl, to W. T. Solomon & Co. and
Rhoades G. Co., s1,0oo, 900 50-year hos
pital for a premium OF Sc, 800; ST. oO, 900
40-year park and boulevard, for a
premium of $500, and $500, 900 40-year
embarrassing bonds, for q premium
OF s $3.50.
A. B. Leach, N. W. Halsey & Co. and
the Merchants Loan and Trust Com
pany, Chicago, have been awarded ST.
000,o 900 4 per cent. bonds of the Sanitary
District of Chicago.
The average price OF twenty-five
representative railroad bonds is now
nearly u point higher than at the close