The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1910-12-18
LATEST GOSSIP OF THE MARKETS
FINANCIAL NOTES

Wall Street Journal summary Saturday:
western Union takes over Anglo American
cable company.
British elections virtually completed with
prepouderance of parties unchanged.
Chances favor acceptance Of fnterboroi
! Committee OF allied real estate interests
reports IN favor OF the Interooro plans.
| Dun's Review says there is wide differ
elce or opinion as 10 business outlook In
1911 and this produces some hesitation.
! Bradstreets says less doing by whole
saleFs and Johbers. a further slight SLOW,
activities in speculative circles.
Banks lost s2.2ooooo on weeks currency
Idle cars FOR fortnight ended Dec :. total
440l4 compared with 1888 in previous
! Closing Of steel rail plant at Gary has
| depressing effect on the trade.
papt s Of mi S9aa Le %b eeog 2p
for shipments in January and February.
passenger serTiee Wherever il is possible
! 10 do SO. the. plans now in effect conten-
J IN operating charges This retrenc hnent
! is In line with tie general policy OF the
I management.
director Of the chicago, Milwaukee 4
! -, Paul railway company says that action
! on the semi annual dividends Of the com
January, The customary lime, and that in
| az prohahiity the usual SD per cent pay
| LnentS on bUrn preferred ana common StOCk
will be declared, He says that current
earnings OF the company fully warrants
! such action.
! Railroads operating eastward from Chi
cago and 81. Louis last week made a bet
! ter showing than for some time, but this
drst week after navigation closed ana a
goo dea! Of freight was diverted 10 the all
rail- lines There was decrease Of 10 per
cent IN dressed beef and miscellaneous
| freight but other commodities offset this.
ana the gain over year ago about
y per cent.
- The suspension Of Judson & Judson in
VAL street Saturday was regarded as Of
the firm declared that its total liabilities
Would he Slightly in excess Of 100000
hine 'h pa ~ nad s9od assets to cover ut
howard, ElNott. president Of the North.
erh Pacltc. states the company has no
! ton, in Northern racifcs per cent divi.
west he says: There is little uneasiness
| vest Of the Missouri river. business in
s teaf a n ESoR be 4 fsc pig S
CONSIDERATION, but do not look for de-
| prcsstoh
Well as beads Of Investment houses IN Chi
Ego ana New York are sratifed with the
ut I,
though the demand is not nearly as active
as has been hoped for, and even expected
market, ana the large interest and divi-
dend disbursements to be made at the first
CT the year. They are inclined to believe,
however. that unless something unforeseen
happens. the investment market Will con-
tinue to improve during, the next two
weiss. and that in January possibly. and IN
letter bond market than we have seen
Tor a reir or more Speculative interes Ct
! Investment market viii pave the way for
a more healthy and active speculation in
stocks.
Reports that the regular dividends on
National biscuit common viii lie raised 10
i per cent or thar the directors will order
Injecting attracted more attention recently.
as q" price of the stock was advanced Il
t1tions on Biscuit were up above 120
about year ago on the circulation OF sim
iia7 reports that proved incorrect at that
time. Earnings OF the company have been
such as 20 warrant the dividend increase.
It IL understood. but the directors form A
conservative body for the building of new
creasing business. The company is nov
building two factories, one at Kansa
continue charging its capacity from time
to time.
1t was reported in New York that peti-
| tt1'l 1''''A t''ttl AtI OE ABOUT 100 broad
street cUrb brokers asking the New Yo-b
| stock exchange 10 act ii governing body
| over their organization. II is planned &c
weed out the undesirable element In order
| 10 put the curb market on a solid basis
md give it q more important position If
the financial " Grid.
IN Wall street there is little fear about
money nowadays. Rates are low, ca
money ruling around 3l2 per cent. while
all dates are obtainahIe in the time loan
department at around per cent: foreign
exchange Is near the gold importing
point and the time is near at hand whcS
The New York banks annually gain heavily
in cash from the interior.
/, In the first week OF January last year
, the clearing house banks gained $40 600 OOC
cash; in the second week. S12400.CU0: In
the third. S9500000. In the first week Of
January. 1905 Tie gain was nearly 500
=; In the second week, SO. 400
600; in the third. s72OO.0Oo