Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1910-11-30
FINANCIAL NOTES.


Stockholders of the Consolidated Coal
Company will meet on December Il to
vote on the proposition to increase the
capital stock from 500. 900, 900 to s25.ooo,-
900. Stockholders of record December
Is will be given the right to subscribe
to the new stock at par and also to
1914, 900 of treasury stock at the same
rate. s4.4 0 900 Of the new stock will
not be entitled to dividends until Au-
gust l mex
The United States steel Corporation
will distribute S. ESQ, 900 to common
shareholders next month, n the
Standard Oil Company, s10.0 900. 900, or a
total of SIG, 5 10000. United States Steel
common shares sell ex~-dividend tomor-
row and the dividend is payable Decem-
Der 81. The next quarterly dividend of
Standard Oil will be Is per cent. or
SIS, 900, COG.
The earnings of Lehigh Valley in
October were helped materially by the
increase in anthracite coal tonnage To
more than 1000, 600 tons. Lehigh VAL
ley's anthracite shipments for the first
time this year practically reached the
volume being sent TO market in the
fall Of 1907.
AT a meeting of stockholders of the
Portland Railway, Light and Power
Company, held in Portland, Ore, the
plan for the retirement of The preferred
stock by redemption Of los per cent. to
give the common stockholders the
privilege of exchanging their. present
stock for new stock, was adopted. The
result of his plan viii be hat in
stead of the company having Sic, 000, 900
of capital stock, divided into. 5000, 900
of preferred and SO. GOO. 900 of common.
the capital stock will be S25, 600. 900, of
which 65 per cent, or SIS, ESQ, 900 will
have been paid In. As a further result,
the company Will have received 81 ,ooe.-
600 in cash
Earnings of General Electric, accord
ing to reports, will reach q record this
year. It is claimed that the COM
pany will do more than $4,000, 900 OF
business.
An agreement has finally been
reached between minority ~bondholders
of the Chicago Consolidated Street
Railway n the Chicago City Rail-
way, under the efforts of the protec-
tive committee, Of which William F.
Harrity, of New York, was chairman.
1t is understood that the minority
bondholders, who hold about 81, 500, 600 OF
the S. 0o, 900 bond issue, will accept
about 90 cents on the dollar in settle
ment of their claims.
Ii c.. Spence is to succeed Thomas
Schumacher as assistant traffic director
of the Hartman Pacific system.
r.. NJ. Aitkin. of London, has been
made a director of the Amalgamated
Asbestos Corporation.
A rumor was current on the New
York Stock Exchange that h New
York Central had placed an order for
100, 900 tons Of steel rails.
The Monarch Fire Insurance Com
pany is soon to open in Philadelphia,
with Charles S. Barker. of New York,
as president. N. B. Kelly, secretary
of the Chamber Of Commerce. is mem
toned as one of the probable direct
ors of the new company.
-
A full board meeting of directors OF
the westinghouse Electric and Manu-
featuring Company was held in Pitts
bury yesterday and an inspection OF
the company's plants made.
The Norfolk and Portsmouth Trac-
ton Company for four months ending
October 81 reports gross receipts s72t,-
573, an increase Of $780, 1863; net receipts
s317, 916, an increase of $22,ss2. and sur
plus, So, 500. an increase of sle,1T