Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1910-06-25

The governing committee OF the
Philadelphia Stock Exchange will meet
Monday to act o. closing the exchange
July 2.
A meeting of interstate railway
directors viii be held next Thursday to
complete details for leasing the Trenton
street railway.
The governors Of the New York Con-
solidated Stock Exchange have voted
to close the exchange on July 2. The
governors will omit their regular meet
ings during the summer and will re-
sumo them on the fourth Thursday In
September.
1t Is estimated that dividend n in
terest disbursements during July, ac-
cording to present returns, will total
close to $235, 900, 900. Actual figures
show a total of 1921, 7s5, 900, as compared
with S215, 245.0 900 in the same month of
1909; $1S9, $50, 900 in 1908, n $19S, 279, 900
in the corresponding period of the
previous year.
On the stock exchange in New York
bond transactions for the half year Will
probably exceed $3.50, 600, 900, contrasted
with $720. 000, 900 in 1909. the decrease
this year having been thus exactly 80
per cent. The second half of the year
Is expected to bring better business.
Provision for the payment of the s2,-
800, 900 9 per cent. notes of the Bethle-
hem Steel Company, maturing July l,
was made in october. 1909. when the
company sold 7,500,0 0 6 per cent. Ave
year notes. The remaining S. 00, 900
was secured for new construction and
enlargement of the plant.
The directors OF the Waltham Watch
Company have voted to defer dividend
payments on the common stock pend
ing a revival of business in the watch
industry. A s~emi-annual dividend
would ordinarily be paid In July. Tho
last dividend. amounting to $3.50, was
paid January 1 last.
Attention is called to the notice from
the committee of North Carolina State
bondholders, Of which ex-Secretary of
the Treasury Carlisle Is chairman.
These bonds were issued for the con
struction of railroads and three cou-
| pons were paid. The bonds are listed
on the New York Stock Exchange. IN
default of their payment North Caro-
lima failed to secure any substantial
subscription to a recent new loan out
side Of the State.
The passing of the dividend IN
Minneapolis and ST Louis preferred
stock has aroused considerable local
interest in that company's three-year
collateral s per cent. gold notes, Of
which S. 900. 900 outstanding are due
February /, 1911. Many of these notes
are understood to be held in this city,
but 1t is said they are well secured and
that no question has been raised as to
their payment, principal n interest.
A prominent Newark broker today
said:
Congress expected to adjourn today.
Rains reported more general in the
Northwest. London settlement begins
on Monday. James j. Hill gone fish
ing in Labrador with George r. Baker
and c. Steele, of J. p. Morgan & Co.
Bradstreet says In industrial lines
there is little evidence of Improvement
yet to be seen. In cotton goods the
movement Is still in the direction OF
curtailment. Dun's Review says BUSH
ness confidence improves In strength IS
crop prospects improve and adjourn
ment of Congress approaches. Banks
gain 81, 1851. 900 or week current move
ment. Pittsburg reports hat few steel
mills will close this summer. Expected
National Railways of Mexico will ra Sc
it's semi-annual dividend from / to 2
per cent.
"In London general setbacks in prices
have occurred, which may amount to
one point in some stocks. We do not
think the London selling represents re-
verse of estimate. but rather a pecu-
lative selling, due to the big bull ac-
count which 1t appears has been dis
closed In London. The market con-
tinues to be a crop market, although
yesterday when wheat declined one
cent from the top the stock market
refused to respond. The bears were in
the saddle and were riding hard, how
ever, which may account for the lack
of enthusiasm. On any dips today we
suggest buying stocks for a turn. The
crop news Is of a more favorable char
actor fodauu