The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1910-10-23

LATEST GOSSIP OF THE MARKETS
FINANCIAL NOTES

Earnings OF the Pullman company for
The year ended July 81, 1910. we're con
ias n.eal period. Gross earnings Increased
ssssiy ss.eoo. 600 re AMOUNT ,:is .;ai /,
and the deddesicns for depreciation. vas
10000 OF capital stock This compares
with S109aS.0O0 net earnings In the pre-
vious year, or 1924 per cent. on the sluO.-
Increase in the capital was the result Of
dend paid In April ii this this year
a; W. Thomson company wire from New s.
realizing in the stock market wiz become
heavier and occur more frequently az the
Is confidently expressed that good supper.
will be- forthcoming on the setoacks ana
that the teactions win be only moa reI;.
larry adverse character transpires Money
and politics are being closely WATCHED but
ward that coterie Of market operators who
have in great Fart been responsible Tor
the upward movement.
Wall street summary:
Threatened strike OF swttehmen on Mis-.
souri, Pacific.
Dun's review reports from leading cite.
cheerful view as TO outlook -
atism, but says reports are of a volume Of
trade equal or superior to last year.
Not believed that the Steel corporation
would consider increased dividend al
Idle cars for fortnight ended Oct II
total 1886, or reduction OF 4S per cent.
bloeheas IN Tie@ Of grain
Some improvement noted In leather mar
ket.
New York exchange sales to date this
year: Stocks. 14O,4I2 800 shares; to cor.
responding date last year. 114,2ol,a 40
shares.
sales of bonds to date this year, $751;
6sI 600; to corresponding date last year.
1t is assumed in the cement trade that
John r. Moron In the presidency OF the
Atlas Portland cement company means
est In the cement field has secured control
OF this powerful factor In the cement busi-
ness. This company always refused to COS
pany. a subsidiary Of the steel corporation.
and through its antagonism has been
i "a rssporsii 6G for the generalization
Some copper authorities estimate the
wees. at rs 1Ss fhess 1sse.
regarded as pretty high. however. the
movement Of copper from producer to con.
one Some Of the largest selling factors
have practically withdrawn from the mar
ket aud are holding their copper firmly
the actual market is held strong at 121sc,
thirty days shipment.
the Steel corporation for the September
quarter and the calendar year. Dow.
Jones & Co. submit the following:
FRS, quarter Ne; s sa.s1s's.s
Second quarter ................ 40.l50. 800
Third quarter ~. :o ~, ~,
All dedactions before common ;''-'''e"'
suTgls dGe sEaaa to is4 per 90
The decision in the governments suit
against the Central of New Jersey. Lehish
Delaware s Hudson, roads is expected
was presented on the charge that the hard
coal business is In control OF a combina-
and that it is operating in restraint Of
trade.
Boersainer says: The admission is gen.
eral that while a recession IN the teeth OF
Europe's tightening money market was
| logical, the tull campaign had been sus-
pended temporarily only II at all and
| have created less anxiety there will be a
| resumption of the movement. Nine Of ten
street experts are willing to- go bail for
an early renewal Of appreciative prices,
| inclusive Of Wall street factors. In reply
to the criticisms directed against the casts
In vein Of genial satire. says the west
lno longer has any reason to complain.
There IS no more pessimisn in the east.
THAN s points! Why, therefore. should
Iany one be sadl wall street. in fact. is
the very sunniest spot in the western
iovernowing; the ticker has no time to
breathe and clerks recently discharged are
being re-engaged at advances in wages.
iThe clouds that hung so heavily over the
peared. Perhaps trSde is not just just SMASH MASH
ling records yet, but Wall street proverb-
Iially leads and trade follows. The splen::
lperadventure-so everybody is assuring
everybody clse--that the time for croak-
ing has passed and that fortunes are in
the bear on the United States is reapinx
That ne never Lad any business to SOW"
The United States steel corporation will
publish its quarterly report OF earnings
hext Tuesday. The monthly reports OF
untitled orders which have been made pub
given out give q somewhat reliable gauge
Of what the report Of earnings Will show.
Some estimates Of the earnings for the
1ast quarter run from $30OOO.OO0 to So
po0.000, against S3s,246,000 for the quarter
last year.
Miller & Co. wired. after the close Sat
hrday: This closes week which las
witnessed the most satisfactory market
hron bull standpoint that We have wit
messed these many months. II may be
said in the way OF resume that the main
impetus was furnished by the considera
ton of tine magnificent crop report, proba-
Eeilities OF democratic success at the polls
next month and the necessities OF an un-
iwieldy short interest As to general bust
mess 1t must be admitted that improve
lmcnt is more in tho promise than in tho
performance. Wall street. however, has
"a habit Of disccunting the commercial
worlds prosperity or reversals, and il
iseems fair to deduct that the manufac,ur-
ling and distributing trade will improve
shortly. the former being Influenced by the
placing OF large equipment orders by The
railroads and the latter by more season
liable weather now prevailing. A large por-
ltion If the short interest must have been
iIelievet, however. Distribution Of stocks
ION large scale has not, to our way of
thinking. been started as yet. We CON