The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1911-08-06
FINANCIAL NOTES
Will street news summary

London closed saturday and Monday
urday with Charles Schwab as witness
will return to Washington.
with Charles Schwab as witness will re-
turn to Washington.
Government planning to extend bank IN
quiry to Chicago.
Cotton revision bin to be reported from
senate finance committee on Aug. 10.
Foreign visible supply of copper de-
creased 100000 pounds and stocks $780,
Government begins action IN Columbus.
y, against alleged bitumtnous coal com
bination involving Lake Shore and c; O.
Hocking Valley aud other roads and three
Interstate commerce commission to In
restigate complaint against increase IN
freight rates for live stocs and packing
house products.
Germany and France arrive at amicable
basis Of settlement In Moroccan situation.
agreements to be announced soon.
Bureau Of statisticians report for nscai
year ending June so shows iron and steer
eoJp'S5e increased in valuation about 'i2-
senate committee will begin hearings
early In November to discuss trust iegls-
Lake commerce in June declined . per
cent.
Business failures IN the United states,
ending Aug we're POS, against 23s last
2cs IN los To- asa ~s 81 Il, Sf "
The New York stock exchange has adj
mitted to the lis. 500 OF preferred pre- erred
eral Motors company.
Imports Of merchandise and dry goods
ending July - were valued at $40. 4se. ss4.
Imports Of specie for the port OF New
for .y ses .n st Sns xod faE
OF specie for the week weT.' il.3lS,o1 silver
and $50. 100 gold.
Bradstreet's says:
There is still considerable irregularlty
In trade conditions. due To cautiousness
pd o, the crop Of The
to work for a little further Improvement.
While merchants continue e feel tne.r
ing slightly, and at some Of the larger cen
iers jebbers and wholesale dealers have
done j rather better business with outside
merchants, who are beginning to come t"
market.
Retail trade in seosonable goods is quiet
tie Circumstances there is little or no rel
order business.
According to reports received from nifty
three mining companies BY the Mining and
them during July 1911 amounted to $12,149,-
Go.
al In all cases regular quarterly divi ds Is
| some Instances the usual amount was in
creased in spite OF dfscolraging conditions
| i'll the metal market and a necessary cur
tailment In the production Of some metals:
| The dividends paid in July bring the total
for this year up to So, 49,, All, with 12a
companies participating.
| The jump Of forty points in American
| Central Life Friday with no stock offered
| for sale at the advance shows how TAI
| some bids on the local exchange are from
| the actual market, also how misleading
| certain bids are to the general public. Aftel
the furry In this issue several months ago
the bid on the exchange held fairly stead
around 1S5. About IL week ago brokers
! began to bid the stock up at an average
| Of almost three points day until the 2oG
mark was reached. At the weekend SEES
| sion Of the exchange n broker bid the stock
in at $40. There Is absolutely none Of il
for sale and the bid Is probably nothing
more than the work Of certain officials Of
the company.
Chicago Is undergoing another rumol
spasm similar to that which held this city
in its grasp some time ago. telling OF q
national bank merger. Deposnors OF thu
Windy City are trying to combine thu
First National and the Corn Exchange Ma
tional banks to rival the Continental ant
Commercial banks. 1nsistent denials OF
iany proposed merger have been made al
the former institutions.
| Following the merger OF the FLETCHER
and the American National banks here,
second merger was rumored. including
combinations of almost every other banl
in the city,