The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1911-07-09
LATEST GOSSIP OF THE MARKETS
FINANCIAL NOTES

Wall Street news summary: Mexico City
car strike ended, the men accepting CONT
pany's original offer
census bureau reports steady drift from
the country.
Incorporated places popularity OF latter
Increasing n nearly per cent of total I'M
L, & y. advances wages OF 5000 men in
mechanical department per cent effective
August 9Th.
English cotton spinners abandon project
lor short time schedule. owing to failures
to secure majority vote !
southern Products company. Japanese
concern chartered in Texas to ship cotton
Stanley committee may resume steel in
qVir. in about ten days.
Maine Central issues 81 900 600 new stock
nj par TO stockholders share for share
Intense heat limits operations OF steel
companies but orders continue In satlsiaci
The The demand for the new Panama NIB bonds nd
ma'ie and that of only one bond Of 81 ooot
denomination. The sale price was lo212. ];
that very little is said nowadays about
the attitude of the Standard Oh party to-
ward the stock market In the early part
Of the year, when the market was havinsi
al It could take care of. and late last year:
Wall street was full of the bearishness ofi
the interests at 20 Broadway.
4
There is very little doubt In high nnan-
cal quarters now that st. Paul will main
tain its divideI d at the regular rate wnenI
me directors meet late In this mon an 20;
show enough TO pay the dividends in them 1
selves, other income of the company W14
ing the directors to draw upon the accl1
mulated surplus
The Northern Pacific has ordered ooq
cars. Inquiries are said to be pending for
10000 cars.
The time for depositing stock Of the
South Side Elevated Railroad company
the Metropolitan West Side Elevated Rail-
way company and the Northwestern EIe-I
the agreement dated May %, 1911. has
been extended to July II by the commit, 4
Samuel MacRoberts.
The statement of the exports Of produce e
and merchandise from New York thlS
49,. This is the largest amount since jung
10. aud compares with $12329,161 last week
and $l5,ll7se7 last year.
It IS stated that Samuel insult. president
OF the Commonwealth Edison company, i
which corporation Is TO form an 1ntegrali
portation interests in Chicago. Will pc
chairman of the executive committee OF the
chicago Elevated railways, tHe colpoldtlo'-
Chicago elevated railroads. He will alsoI
he In full charge Of operation OF the rail-
road system.
Henry a. Blair. who has been the prime,
mover in the consolidation plans, will bel
chairman OF the new companys board on
directors.
r. G. Dun & Co.'S weekly review OF
trade, says:
Actual business is reduced by the exi
extpuIiDV Il wide S9cftOpl
|of the country; otherwise developments Of
the week are generally favorable Inquiries
for pig iron continue in excess of actual
trading, but there is a steady buying inl
all sections OF the country Business mi
dry goods at wholesale continued quiet
after the holidays In cotton goods the
chief feature was the opening Of lines of
fine goods for spring at prices that show a
closer margin Of profit to mills than any.
named in several seasons. There is more
animation in footwear. due to the arrival
of large number Of buyers in the New
En- gland market but purchases are gener-
ally confined to current requirements. The
1eat Their ma rkatS hold firm.