Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1910-12-22

OF electrOlytic " LA Genus ID pouuu,
which with Is cents last
week. The weakness of the market Is
due more to a falling off in consump-
ton than anything else. and dealers
report that transactions on the new
level are small.
Armour & Co., the beef packers, have
issued their annual report for the year
ending October % last. The net profits
amounted to 1897, 200, a decrease Of
$132, 0S5, while the surplus amounted to
1851, 721, a decrease OF 1910. 200. Out
of the surplus earnings for the year
81, 900, 900 was paid in dividends, and on
its capital of ss3, 1883, 312, the net earn
ings were equal to 6s per cent.
The Carnegie Steel Company reports
that it has received several fair orders
for steel rails from the Pittsburg AND
Shawmut Railroad Company, and the
Illinois Steel Company and the Ten
nessee Coal and Iron Company have
also received orders during the past
few days for 3,700 ons and 300 tons
respectively. The American Car and
Foundry Company has received an or
der for 500 ore cars of 100000 pounds
capacity from the Great Northern Rail-
way Company the st. Louis and
\ Southwestern Is In the market for $500
box and 500 fiat cars.
Ffa.E -
Mines Company of America was the
overshadowing feature of the trading
on the curl yesterday. This Issue adj
vanced to Ga for $1,000 shares. the
heaviest transactions in many months.
and the buying was attributed to in
| siders and to the report that the COM
pany would apply in a few days for
listing on the Stock Exchange. Inter
continental Rubber at one time touched
SO and was dealt in to the extent of
100 shares. Bonds were moderately
active and Southern Bell Telephone
SIS rose. to s6A for $4,000.
A Wall Street authority estimates
that about s227, 900, 900 will be paid out
in dividends and interest by railroads,
/ Industrial and traction corporations,
banks and trust companies. etc. rnexi
month. This compares with 5000, 52S, 900
a year ago and is a record for the
month.
Directors of the Consolidated Gas
| Company will meet early next month
for dividend purposes, when it is
pected they will declare the usual divi-
dend. The stock is now on a s per
cent, basis.
1t is estimated that for the year 1910
the United States Steel Corporation
will carr over Is per cent. on it's COM
mon stock after all deductions for divi-
dend requirements. etc.
The Brooklyn Trust Company de-
clared a regular quarterly dividend OF
5 per cent. and an extra dividend OF 5
per cent, both payable January 8. The
American Coal Products Company has
declared a dividend of rs per cent, an
increase of Is per over three
months ago. The Westinghouse Elec-
trio and Manufacturing Company, In
addition to its regular dividend of ia
per cent. has declared 81 per cent. on
account OF its accumulated back divi-
dends. Both dividends are payable
January 16. The New York Mutual
Gas Light Company has declared its
semi-annual dividend of 4 per cent, an
increase of l per cent. payable January
z. The company Is controlled by the
Consolidated Gas Company. The Cham
pion Copper Company has declared a
dividend of 81. making IS paid this year
to stockholders of record yesterday.
The Fairfield OIL Company was in
~corporated yesterday at Albany with
a capital stock of $4,000, 900. The di-
~rectors are Benjamin f. Blair, Louis
r. Starr. of Glen Ridge. and John ].
German and John N. Blair, of Blair &
Rudd. SO Liberty street. The company
Is formed to develop oil fields In Cali
fornia.
@ -
The Mercantile Trust Company de-
elared it's regular quarterly dividend
Of 8 per cent and an extra dividend of
the same amount. payable December
81. Edwin Hawley has been elected a
member OF the executive committee,
and William Sproule. president of
Wells, Fargo & Co. has been added TO
the directory.
The Baltimore, Chesapeake and At
lantic Railroad Company has. declared
a dividend of 3 per cent, payable jan
uary 81, which is an increase of l per
cent. over the previous payment. The
State Bank has declared its regular
dividend at the rate of 10 per cent per
annum. payable January 1.
MORE FOR THE FIRE FUND.