The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1910-11-06
FINANCIAL NOTES

Representative srekeguea Tor the isac.
S Bro and Investment ases-are prae:
tieany IN accord In these conclusions. says
the Chicago Tribune.
be regarded ~ Favorable uale.s ali Wall
street forecasts so wroas. The street e1-
poets to extract Optimism. fnoia a demo.
doesn't conceal its joy owe: Col. Roose-
veits prospective defeat In New York. Bant-
ers say II be can be AigIaIiy defeated IN
his own state on the cicarcut issue cS
new nationaNsm," he can't he = menace
nationally
sixty days. Meantime the financial worki
cannot stand too much strain. aud undue
speculation will be froxnsI upon. Bank
inent following the election. sud frankl?
say that with the small surplus stocks
IN mills. factories. and on the merchants'
shelves. q renewal of consumption must
mean nation wide activity.
The railroads are expected to enter tho
their orders for 1911 delivery Among
Wall street bankers there is general be-
lief that the roads will set rate advance
With the largest crop tonnage On record =
ness instead of politics. 1
The outlook for new capital issues-raii-
road and industrial notations-apparentir
has received serious consideration. The
issues can lie placed and that investors
everywhere are nearly rendy to consider
investments OF merit. q
The stock market gives bankers small
concern. They point cut the known factors
in the money msiT ket as arguments for tho
present condition. For the future they are
optimistic.
What IL probably the worst railroad re-
port so far published f,r September wa
that OF the Northern paeiac !. showed
atinE revenue q sss.iiS ~ cut il op-
| erations result in net decrease OF $425Gs.
f .'' of sss :. n After 'e sns
ef, q e sf: hsEs sgssssa
than was received! IN the same month last
year. For the three months ended Sept.
cifc is 81 sos. 1o2 less than IL Was for the
| corresponding period Of 1909.
- The advance Of Sears Rcehuck common
would equal 1880 per cent. on 10000. 600.
n, OF August: is accompanied with A
plicnble to the common stock The pres
81. 600. 600 and the proposed new issue Will
900. The $500 ase applicable to this issue
Il Is estimated that earnings for the year
dS1O should he at least Il per cent on $40. :
l Vvo,OOO OA common STOCK.
/ \. W. Thomson company wire from
New York: The market 10 purely pro-
n ONE ,ns and Is or les; In
to the present writing appears to lean II
democratic victory. which Of coursl
hind the market possibly work for higher
prices In order to distribute stocks they
favor Of bnyns stocks Sn .ni on snarp rencton
only. and would follow up such purchn sca
with stop loss orders as u matter Of III.
surance.
r. G. Dun 4 Co.'S weekly review of Chi
cago trade says healthier sentiment as
Ing throughout business circles and con.
ditions favor widening enterprise: stronget
buying Of Eecessaries and gratifying ABB
cIry. etc. is noted On the general situa'
ton. they say. as far as actual develop
change and the volume Of actual trans
actions continues below productive capac'
Steel rail requirements OF the Rock Is.
land for 1911 are estimated close to 1O.Of
tons. aud an order for Il substantial part
Of this may be placed before long; O
the Rock Islnnd has on hand or to be
delivered $500 tons OF eighty -hve- pound
rails The company's equipment order,
It is expected that they will be smaller
than in the fiscal. year 19OO-1o1O.
During tie drst eight months OF the
current year Alaska shipped to this coun-
try $5.527 $40 m gold and silver all in
, American vessels. The Nome output Of
; gold for the season is estimated at 81 .0OO.
CO., while the newer district Of Iditarod
has already sent out $S50,OOJ
New York stock exchange sales to dat,
this year: Stocks. 1851 800 shares; fol
the same period last year. 1924. so
shares. Sales Of bonds to date this year
e544 Sos 600: same period last year, $l,135.
461 900.
Lonsdale wired Thomson: You caI
make your own deductions regarding cleo
ton. The right people are casting thei
vote on the long side Of little Steel.
C.. NJ. 4 ST. +. r. r. earnings for Sep
j TENDER net $1.soS17s. decrease Of $21l.
5J2.
Idle cars for fortnight ended Oct. 2
were 1925 as compared with 11.310 car
: for the previous two weeks.
+: Western railroad men generally bciiev
: that principal rate advances will be con
Iceded.