The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1910-11-27
LATEST GOSSIP OF THE MARKETS
FINANCIAL NOTES

George NJ. Reynolds. president Of the
Chicago, says: Just at present are
pretty well loaned up. but the largest bor-
rowers are our country bank correspond
borrowers because farmers to 4 large sx-
tent are holding their commodities for
The farmer. accustomed to higher prices
In the last two years, and not perceiving
the general downward tendency OF food
and wearing stufrs. thinks that by holding
be can sell his products at much better
level. so he borrcws from his banker for
that purpose: l believe. though, that he
Will not hold on long time and when
the crop moving season is over there will
be superb buudance OF money. This, 1
think. viii be an impetus for general
trade revival.
BY that time l expect to see the fnan-
cal districts In more confident mood.
There is no doubt that the election was
somewhat OF 4 surprise TO the part of the
financial district we call Wall street. This
contingent wanted TO see Roosevelt de-
featsd, but they did not want such an
party everywhere. Wall street got more
than il wanted and since the election has
been Just a little bit dazed. But it is re-
covering.
When / say : business revival do not
mean TO say that business Is duh On the
contrary. II is normal. But il will be ex-
thing that We eat ard wear is cheap eni 7g.
The exception is meat. Hogs and cattle
Iowa there Is 35-cent corn and 50 hogs.
The disparity cannot continue. Hogs will
have 10 follow corn"
Wall street summary:
Bank OF Engl and rate unchanged and
bank return makes strong showing
Mexican revolutionary movement COL
lapsing.
Postmaster general will recommend par
GELS post In forthcoming report 10 con-
Sress.
British parliament will be dissolved Mon
day.
life insurance companies will petition
legislature TO repeal clause against hold
ing stocks in Armstrong law.
london settlement begins Monday.
lover Leaf annual report makes ia
Steel wire market firm with encouraging
pittsburg iron makers report some
signs Of buying movement.
Stockholders of the American smelling
and refining company will hold Il special
the plan Of issuing s1sooe 900 per cent
ters securities company. which, will be
convertible into common stock of the
american , smelling and refining min company
Stockholders OF the latter company will
be given the opportunity to subscribe pro
An unexpected witness opened Saturdays
rate hearing in Washington. He was
bttESe f. Tue, president OF CH6 nome
Insurance company. who appeared for the
purpose of showing how closely the in
terests Of all carrying life assurances are
value of which depends on future earnings
which are to be affected by the decision of
question now before interstate commerce
commission.
Money rates fell sharply Friday in Lon
ent hs %nn due fn the
payment of some loans at the Bank OF
England. and while it indicates easier con-
ditions. it does not necessarily mean that
the bank is relinquishing fits control.
\ philadelphia dispatch says it is ex..
ut its formal meeting on the first Tues
day in December will hand down it's de-
cision in the suit of the government against
the so-called anthracite coal trust, aud not
before.
Lehigh Valley railroads gross earnings
fhe SsPoser Sn nes dspy ei
s1i9.3i', For four months the net de-
crease has been s371,297.
Trading in Lchish Valley railroad com.
mon stock on the New York stock ex
change will probably, begin next Mon
day. Application to list the shares has
been approved.
The $500. 600 equipment trust certif-
Gates which have been sold by the New
which represent interest cost to the COM
pany Of 4.65 per cent.
Dun's review says absence Of speculation
makes situation appear duller than it alb
solutely is. Bradstreet's says that trade
in general has become more irregular.
J. F. Morgan 4 Co have bought and
sold S. 100000 New York Central AZ per
cent equipment trust certificates
Thirty seven roads for second week OF
November show average gross increase l. p
per cent
Delaware Lacakawanna & Western is
getting prices on between $4,000 and 10000
tons of rails.
Improvement i'll prices Of steel products
where quotations have been reduced
Banks gained s2.s44.0o0 on weeks cur.
rency movement
Pennsylvania station In New York City
opens for service after midnight