The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1911-02-12
FINANCIAL NOTES
Wall street summary:


resident Taft strongly urged adoptionl
OF Canadian reciprocity treaty before cornl
speak on the same subject before the MI
nois legislature.
Disagreement in house ways and means
committee over paper and pulp schedules
In the treaty causes delay Ia reporting II
70 the house, which, however. will be done
Saturday.
House committee on interstate and for
eisn commerce resumes hearings on bill to'
provide for physical valuation OF raat-
legislation on the subject will be enacted
| at this session OF congress.
Of et the sac 600 peonSeprieIe deb
entures 3las of the New Haven road nave
been converted into stock.
Peoples Gas shows increased gross earn
Supreme court Of New Hampshire re, has has
declared invalid certain increases In freig NJ
| Maine - ~,
Kansas City Southern offers 100000 s.
Resolutions against merger With Morgan
| or Bell interests passed by National lhue
| Canadian Pacific plans new steamship
| line and chain of hotels in the West In
| dies.
| The Bethlehem steel company Is opet
ating at nearly 80 per cent capacity, which
is due largely to the great amount OF WORK
| for the Argentina government l.,
| operating at about s. per cent capacity
| The directors OF the American milling
company have sent second letter to
stockholders In which 1t is claimed tina,
ssmpered by ee the bin
WHY With the me New J jersey COURTS Neverthssss
heavy losses under the former manage
| ment have been checked.
Fifty-two railroads reporting for De
eember show that the g gross earrings se
decreased IS per cent The same roads Dads
December the gross earnings increa sea a
4.57 per cent, operating expenses increasea q
99l per cent and net earrings decreased
500 per cent.
The per capita wealth Of the the u emit
States as based upon the the ns census of
1900 it was computed as $3.50. Accord
ing to the latest estimate the total amount
s msns syya n1S Il year
The simmons hardware company Of St St
| Louis, which does distrlbutlve business
extending throughout the United states ds
and in some measures abrocd. having made 1iaet
a careful survey OF bus.less cohaltlons
prevailing during the last year. ana as
Gates for 1911 as follows: :,
is we'll to look back a little and review
the business of 1910. which has been com
monty locked upon as an unsa.rstac 30
boom year, still business was very satls
factory with US. and compared fayorapL!
with average business conditions for th'
last ten years.
From our standpoint we are now In
period OF normal, healthy business. True
1t Is that all classes of merchants. iron
retailers to wholesalers, are buying a.
they need-from hand to mouth, so u
speak-but orders. while smaller hav'
been far more numerous than usual. ant
tn, hn
! satisfactory. There are naturally som'
: sections of the country where conditions
. are not especially promising. but on tn
whole our conclusions are that the pros
pect is for considerably better business
in the first half Of 1911 than in the las
year.
There are three things OF great impor
, lance in restoring to the country tn.
. greatest measure of prosperity: FIRST
clear and favorable construction Of tn
sherman antitrust law; third. that tn
railroads be permitted to do business on
basis which assures them a steady an
competent return on invested capital.
We believe this country may. unles
some unforeseen circumstances of grea
. mercantile business during the first hal
. OF 1911, and IL this years crops are goo
there Is some probability OF business ap
$ preaching boom toward the latter par
of the year.
New orders booked by General Electri
o last month were about So per cent Of thos
b taken in the corresponding month of 1917
which means gross sales at the rate q
about $5s,00o,0OO per annum.
| 1t is estimated that approximately S25.
600. 900 of railroad bonds have been place.
in European markets this week and tina
negotiations are under way for ScJo0O.W
more. This is reflected in the cxchanG
market where there are 4 great man
bond bills now. An offset to this is fair
lly large return by Eueope to this marke
Of railroad stocks and some Steel commor