The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1911-03-05
FINANCIAL NOTES

Wall street summary:
Abandoned and presidents sic formal call for,
extra session is ready to Issue.
Congress adJourns at noon saturday.
Gov. Dix in Iett.-r to legislature practi-
cally abandons Sheehan and urges demo
rats to vote for senator who would unitei
Presidents of eastern roads will confer
sion over the decision.
Interstate commission grants time for
adjustment of passenger rates TO long and
-, New York banks g report gain In cash for
from naa sSos sss coo c to- sasn Serea
Panama bond bill signed by president :
Anti-short sales bill favorably reported
Federal suit TO enjoin so-caIied electrici
trust entered AT Cleveland.
Vice chancellor of New Jersey declined
TO interfere with Central leather meeting,
which was held saturday morning
Reported that pool for control OF hr'e'
Thirty six roads report net increase in
gross of $50 per cent for third week In
February.
Bank clearinss for the United states ror
the week ended March h, -, aggregate go 81;
Gus week an nf1ia4s 90 the correspond
ing week last year.
The National biscuit company's net earn
we're at the rate Of IS per cent on the
500, 23s.O0O Of common stock after pay :
| uent of preferred dividends. comparing
months. This showing j. the best in tho
corporations history. exceeding the pre-
| vious record year. 1903
Copper metal is now openly quoted at
l2Er fof electrolytic in good quantities,
all sellers are not %ins to
say that the sales of copper for export
during February We're larger than the
public IS aware Of. being quietly made,
,aoo6.Oo and 100000 lbs. II this Is
true it is certain that the shipments were
not made during the month.
| The business of the Standard oil con,
pany is close to capacity and net profits
available for dividends are running at the
rate Of more than Ss000O,Oo0 year.
| Gable and teleeraphic advices from the
International harvester companys repre-.
all f1r the os m
partments: will show an increase, OF ap,
pro ximately Is per cent over the 1909
business; according to President Cyrus H
18th The German Reichhank's statement t. ssn mt for
against 577o $50 for the preceding year
A dividend Of 6.4S. against 5.S3 is de-
Clar S The totsl Mi;s Sas 900
the business of 1909.
| II was announced Saturday morning
| that Kuhn. Loeb & Co. and the National
city bank Of New York had purchased
the 900 Chicago. Milwaukee & Pu-
get Sound first mortgage per cent forty
year gold bonds due In 1919. The prin-
cipal and interest Internationally Is guar.
anteed by the Chicago. Milwaukee & St
Paul railroad company.
| The American company directors at
| their dividend meeting did not fulfill the
hopes Of preferred stockholders OF an In.
| creased disbursement. The usual rate OF
liz per cent for the quarter was decla red
payable April l to stockholders OF record
| March L.
| The Pure oil company shows net earn
ings Of 81 300 397 for the year 1910 in its
first annual report. 1t has $3.50, 335 com
mon and 81. 3OO.SOO preferred stock.
According to tie Mining World, sixty
two mining companies and works have
paid $1,000 s75 In dividends thus far In
1911.
The Yukon gold company reports for the
year ended Dec. 81. a surplus Of $685., 4j1
after dividends, as against 1852 ,Sl6 in the
previous year.