Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1910-08-24
WALL STREET NOTES.

The executive comm1rtee OF the CDe5-
apeake and Ohio will meet in New
York tomorrow at 1:45 p. m. and the
directors at 2:15 p. M, the meeting hav-
been postponed from last week on
account of lack of a quorum. President
Stevens, who is now out on the road,
will go to New York expressly to at
tend the meeting. 1t is expected that
a regular quarterly dividend of IN per
cent. will be declared.
Proxies are being sent out by the
Norfolk and Western for the annual
meeting on October IS. They are made
out in the names of Henry Fink. L. e.
johnson, Victor Borawetz, Samuel Rea
and W. H. Taylor.
Directors Of the Frederick Railroad
Company have decided to electrify the
Thurmont division. running from Fred
erick to Thurmont, at a cost of SIC, 900.
A $500, 900 power plant will also be built.
Later it is planned to extend the road
to Gettysburg, Pa, a originally in
tended.
For the past four months business of
the International Steam Pump Com
pany has been running at a rate to
justify the expectation OF net profits
for the ST.. 1852. 900 common of at least
7 per cent, which IL realized would
compare with about 3.3 per cent. for the
fiscal year to March 81 last.
The annual meeting Of the New York,
Ontario and Western Railway Company
will be held in New York on September
rs. Transfer books will close on Au-
gust 81 and reopen September 20.
The Reading Company statement for
July is looked for next Saturday. The
annual report for the fiscal year end
ed June 30 will be put out. following
it's approval by the board of directors,
on September q.
An important meeting OF directors of
| the B. F. Goodrich Company, In Akron,
| o., Is scheduled for today to act on a
proposed stock increase. This includes
the issue of s1o,o 00,O 900 z per cent. cumu-
lative preferred. OF this amount So
00o,0 0 will. be offered to stockholders at
par. while the remaining $1,000. 900 Will
be In the form of 80 per cent. stock
QlFlhCtiA ~ Alot0CiS VI Lti0 $1UruUUyuVu
Common stock now outstanding.
Directors of the Louisville and Nash
Vile have decided that until the publ
cation Of the annual report on October
5 no statement will be given out rela-
| tive to the preliminary income account
for the past fiscal year. It Is expected
that the report, when its contents be-
come known, will show a balance for
the stock OF around $40, 900, 900, or about
16 per cent. The years dividend budget
calls for only $4.2 Oo,0 900.
Messrs. N. W. Halsey & Co. have
been awarded the following California
municipal issues: $25, 900 Colusa county
s per cent. Williams Union / .gh School
district bonds. average life SIS years:
$40, 900 Butte county s per cent. Dur
ham School district bonds. maturing
serially lilo years.
The Lehigh Valley Transit for July
| shows gross receipts Of $113, 801, COM
pared with $101 .036 last year.. The net
| earnings were $5s. 781. compared with
$50, 527 in 1909. The surplus for the
month was $31, 473, compared with $11,-
| 437 last year. For eight months ended
July 81 gross earnings from operations
were seas, JAG, as against s591, TIC In 1909:
! net earnings. s2s7. 407, compared with
$2i4,944 In 1909; gross income, $3.50, 244,
as against 1882. 900 in 1903; surplus.
s64. 9o3, compared with s10,s46 for the
corresponding period Of the preceding
year,