Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1910-08-18

names d new nlSn record Tor the New
Haven in a year not noted for x
ceptional business activity. It is an in
crease of $e.s SOFT over the fiscal year
1909, and of 1901. 731 over the previous
banner yea 1907.
A jump of s10.50 in stock of the
Northern National Bank was the most
striking incident of yesterdays auction
sales In the Philadelphia Bourse. The
stock sold at 1854. There was a 81
advance in Girard Trust shares, which
sold at BOA, while the Eighth National
Bank stock was So higher at 1858, and
West End Trust shares Y higher al liz.
The Baltimore and Ohio Railroad
Company's statement Of earnings and
expenses for the month OF July, as
compared with July, 1909, shows gross
earnings. 1910. $7.547. 1888; 1909, 1902, 141:
increase, $455 ,5e2. Expenses, 1910, S.
423,890; 1908, $4,814,059; increase, seo9, ssl.
Net earnings. 1910, 50. 1923. 843; 1909, 81
27S.0s2; decrease, s154, 2s9.
THE gradual adjustment of produc-
ton to consumption is indicated in the
case of the United States Steel Cor
poration by the fact that forty-one of
its blast furnaces are now idle, against
thirty-nine August 1. thirty-fiye July
l, and thirty-one June l." says the Iron
Age. THE two furnaces blown ou1
this month are at McKeesport, Pa,
and Lorain, o. Meantime the various
steel companies are eating Into their
stocks of pig IRON"
A number OF the Philadelphia banks
and trust companies yesterday reduced
their all money rates from 5 to Az per
cent. Some OF the banks still adhere to
the 5 per cent. rate.
Shipments Of coal n coke over the
Pennsylvania lines east of Pittsburg
and Erie for July totalled ATHEIST tons,
a decrease of 123, 1872 as compared with
the same month last year. From Janu-
airy / to August the movemen. totalled
sS,02S,476 tons. an advance Of 1921, 37z
tons.
Stockholders Of the DUPONT de Ne
mours Powder Company will be asked
at a special meeting in Hoboken on
August 20 to approve some recommen-
dations which will be definitely decided
upon by the directors at a meeting Au-
gust %. It is probable stockholders
will be asked to authorize an increase
in common stock and a further issue of
preferred stock. The company now has
$28, 07S. 148 common stock outstanding,
out of $50. DOC. 900 authorized, and has
$13, 6e2, 900 OF the preferred issued. out Of
$25, 900, 900 authorized.
r. e. Breed, formerly vice-president.
has been elected president of the
American Gas and Electric Company,
to succeed Henry L. Doherty, who re-
signed that position but who remains
as a director. y
The movement to have the New York
Stock Exchange closed on Saturday,
September 3. reveals a growing objec-
ton on the part of the exchange COVER
nors to having SO many triple holi-
days, and 1t Is reported that this con
cession may be refused after the coming
one.
H. p. Doherty has rendered his resig-
nation as president of the American Gas
and Electric Company.
-
A syndicate headed by j. P. Morgan
& Co.. n Kuhn, Loeb & Co, will
probably secure the a. 0O, 900 series A
and B s per cent. one-year equipment
notes of the Chesapeake and Ohio
Equipment Corporation.
Speyer & Co. secured the 81. 243, 900 4
per cent. New York State canal bonds
at 101-9 8 and interest.
At a special meeting of stockholders
of the Pittsburg Plate Glass Company
yesterday a resolution was carried
favoring the proposed increase In COM
stock from s17,5 500. 900 to s2a, 500, 900.
The Missouri, Kansas and Texas Ter
minal Company, of st. Louis, has filed
at h Office Of the secretary OF State
a certificate of an increase in the capt.
tai stock from s100, 900 to SO. 900. 600.