Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1910-06-22
WALL STREET NOTES.

Kean, vancortlandt & Co. will
dissolve July l.. Hamilton Kean
and Moses Taylor. of the pres
ent firm, together with Joseph
swan, treasurer of the Union Trust
Company, of Albany. will form a
copartnership, to continue the business
under the title of Kean. Taylor & Co.
N. w. Halsey & Co. report that they
have sold the entire block of $3.50, 900
Raleigh IN. ca 5 per cent. bonds, which
were awarded them last week.
1t is reported that holders of Hooking
Coal and Iron will be assessed $40 a
share.
Minneapolis, st. Louis and Kansas
City have followed chicago's course In
abandoning indemnity trading.
The Pabst Brewing Company, of Mill
waukee, is to increase its capital stock
from $40, 900, 900 to $12, o00. 900.
Bids were received by the city of
Wilmington yesterday for 100000 4ls
per cent. city improvement bonds, as fol-
lows: Massey & Co., $19O,573; A. b.
Leach e. Co, $3.50, 900: Blodgett & Co.,
$189, 974; N. w. Harris g. Co., s191,62s;
Equitable Guarantee and Trust Com
pany, $1S9,26O.
The Pennsylvania railroad has
bought 1000 tons OF foundry iron. to
be delivered at its Altoona shops, The
Baldwin Locomotive Works is negotiat-
ing for between 1900 and 1000 tons,
which will probably be closed for this
week.
Daniel Willard, president Of the Balti-
more II Ohio. say thai company has
cancelled nothing and will finish its
SIS, 900, 900 improvements within eighteen
months.
President FELTON,, of the Pennsylvania
I Steel Company, says in reference to the
current situation in the steel trade: "Ihe
volume of new business Is about the
same as it was in April and May, and
Is about equal to 10 per cent. OF the
joint capacity of the Steelton and Spar
row Point Works.
The New York Central lines have sold
to J. P. Morgan & Co. $22, 500. 900 equip
ment trust certificates bearing Az per
cent. interest and maturing serially one
fifteenth of the entire issue on January
1 of each year The bankers are ex-
pected to make a public offering of the
certificates at once.
There were two bull tips out on thu
Harrimans. One had the government
abandoning its suit against Union ant
Southern Pacific. The other reported fh'
Southern Pacific bond offering to have
been heavily oversubscribed. Neither
was possible of confirmation. Miller &
Co. O'Dell & Co., H. K. Bird, Ray
mond, starr & Co. Langley & Co. anf
Thompson, Towle & Co. we're buyers
Slayback & Co, Bamberger Brothers
Stevens & Co. and Content & Co. were
sellers.
London was a seller yesterday
disposing of 10000 more shares than il
bought.
A prominent Newark broker said to-
day:
Reports of the crop damage to the
spring wheat in the Northwestern
States created a selilnS movement yes
terday and fastened p~roft-taking OF
those who had supported stocks In the
recent slump. The advance in wheat,
both cash and option, was impressive
n most extravagant deductions could
be drawn therefrom. We understand
that the crop situation is not by any
means hopeless, as reports would indi-
cate. There were low temperatures re-
ported this morning in the afflicted
parts and cloudy weather, but no rains
One should remember that this is the
first crop scare of the season and this
is early for nature not to be able to re-
pair the damage done. We believ the
market is q trading one and that cror
news is now of first Importance as
market factors. Should rains be re-
ported the market, we believe, will ad-
-