Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1910-12-17
FINANCIAL NOTES.

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The American Railways Company has
turned in all but $4,000 OF the 81, 900. 900
Interstate Railways As.
Gross earnings of forty-eight rail-
roads for November aggregated ST.
S6S, It's. compared with s71 .096. SOL in the
am period last year.. or an increase OF
5 ,771,4S4. Gross earnings for the first
week OF December of thirty-one rail
roads showed $40, S17 1857, or an increase
Of SIS per cent. over the corresponding
week last year.
h superintendent of the New York
Cotton Exchange makes the amount OF
cotton brought into sight for the week
55S, $40 bales. against 330,SSf bales last
year. For the season he reports T,57s,-
0oT bales. compared with $500, 86s bales
last year.
AT a special stockholders meeting of
the Intercontinental Rubber Company
at Jersey City yesterday it was voted
to ratify the action taken by the d.
r~ectors to retire $500. 600 preferred stock
on January /. This will leave s., 500, 00o
outstanding. Last October 81, $50, 900
preferred was retired at par.
The Carnegie Steel Company, through
the export department of the United
States Steel Corporation, has received
an order for 10000 tons OF plates and
shapes for the Canadian Car Company.
The yirginian railway has ordered 1850
tons OF bridge steel from the Virginia
l To.f1k~~ A...7 Ts~.. ytYAelrr - tsA,--l-@
Va. The Louisville and Nashville rail-
road has ordered 400 tons of steel from
the Louisville, Ky, Bridge and Iron
Company.
Shareholders of the Standard Oil
Company. have, received the final quar-
terly dividend of stO.o 900. 900 for the cur
rent year. From 1902 to 1910, inclusive,
the Standard Oil Company has dis
bursed $357 1929, $40 out of net profits of
1878, 2o2, 1854, leaving a surplus of s31o,-
2J2,444.
j The impression appears general that
General Electric for the fiscal year, nov
within two weeks OF It's close, will show
a dividend balance OF not less than u
per cent. Actual net earnings of the
company, according to the returns of
the first ten or eleven months, will, it
was predicted, eclipse any previous rec
ord. The annual report is not expected
to show within $4,000, 900 or $4,000, 900 of
! actual net profits. this amount having
been charged to new construction or
depreciation.
The committee headed by James G.
Chapman, representing the 4 per cent.
first mortgage bonds OF the Wabash
pittsbnrg Terminal Railway Company,
announces that the time for deposit of
such bonds and Central Trust Company
certificates representing them with the
! Columbia Trust Company has been ~
tended to and including January 16,
1911. The New York Stock Exchange
has admitted to it's official list the GER
tifcates of deposit of the Columbia
Trust Company for bonds and the Cen
trail Trust Company certificates de-
posted with the committee on condition
that the committee extend the time for
deposit for thirty days, which the COM
nittee has consented to do.
Kidder. Peabody G. Co. and N. W.
Harris & co. have bought Jointly an
issue of SO, 00o, 900 5 per cent. bonds of
the Southern Bell Telephone Company.
Albany, n. y. has awarded $780, 900
t~wenty-year 4 per cent. bonds to A. Is.
Leach & Co. at 1o0.o5, a basis of 1896;
else $4,000 high school 4 per cent.
bonds, one to twenty-year serials, due
IS, oet annually in 1e11-1sso, Inclusive,
TO Clark, Dodge & Co. at par.
The popularity of bonds as an invest
ment feature was shown yesterday in
the Increased sales Of these securities.
In New York transactions were tbs
largest in many months.
Notice is given by the Minneapolis
and st. Louis railroad that the com
pany has decided to pay off at maturity
81. 900. 900 of its Sc, 900, 900 8 per cent. gdld
notes, due February 1. 1911. and to offer
to extend the remaining $4,000, 900 notes
to February ]. 1918, at 5 per per
annum, PAYABLE semi-annually, Feb
ruary I and August 1. The notes are to
be subject to redemption at. par and
interest on sixty days notice. The ex-
tension OF the $4,0 00, 600 notes has been
uTuSI WFitteH " SptycI q W. ohN -
National City Bank of New York.
The city of Columbia, S. c., has
awarded $500, 900 Of refunding thirty
year S per cent. bonds at 103.56 to a
syndicate headed by Townsend Scott &
Sons and Baker. Watts & Co. This is
on a basis OF approximately $50 per
cent.
THE LONDON MARKET.