The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1911-01-01

observance OF TIE New Year aoaluay.
Wall street summary Saturday:
Further sugar frauds on the customs dis
closed at New Orleans and San Francisco.
Continued political unrest in Portugal
Bradstreets reports apparently good
holiday trade but reduced outdoor activi-
ties and lesseued demand.
Duns review says outlook while not so
promising as might be desired. contains
many elements OF strength.
York of Se.io45l4 for extra work on sub
way reduced by the board of arbitration
Idle cars Dec 20 total 5i,4I3. an in
crease OF loS per cent.
- Reviewing the copper metal situation.
New York stock exchange. say:
and I've nd hear OF sales Of So s9ppeIrt at lsze
which certainly indicates downward
tendency ot prices for the metal. but these
ness aRwas wh ths o dq
days OF a year, rather than any inherent
We have talked with several of the
largest consumers Of the metal this week
and they expires. the opinion that the
ready taSen 81 place has been aueas to
keep production below consun1p t.on and
,i E, TIE rbe sta ars ashei il IN PpoS
ever. bout the large shipments OF copper
abroad, believing that these foreign ship
ments have materially Increased the ia-
The Ghnitesl Metals selling company is
mot Offering fnoPpeG under 49, and the
copper. although they admit that any
the present level will have to come from
"A materially increased demand from this
hardly such as to warrant any belief in
any Immediate Increase Of consumption"
Great Britain is still the worlds banker.
ment Of new capital npplications. to be
published Saturday. viii show an active
BY british capital IN ali sllseoo,ooo has
h bee X forfsn s0sntres durnG
t year. % sna more mo rsan ,Ad in
| 13o>. which hcret ofore hid held the high
record in tot!i capita! Aotations on the
cations for 1910 easily establish new
record They aggregate s26I ,43o,l 100. or an
f75, OOOo over the heretofore high water
mark of 1908. The rubber craze is re-
| sponsible for less than fl9.0ooooo Of this
tations nave been from foreign countries
| and British Possessions.
! States for 1910, according to the Rail
WAY, Age Gazette. was 4loo miles: against
ne 'y orde aed SS Il fresh
Ts decrease 5T s last year Of 4o
| comot!ves 3.iS7, increase 437.
An oGleial statement from the Bank OF
France Friday explains that the ins'itu,
| in no wise directed against America. but
was A measure for the protection Of the
banks gold reserve, owing TO the demands
| France, which necessitated the purchase OF
foreign cereals, Since November. said
has declined to furnish gold. We, refused
Germany and Austria. and few days ago
Holland Our gold reserve stands S2lh-
100000 francs below that of Il year ago.
France is now purchasing large quantities
of cereals from the Balkans. Russia and
America TO supply the French fchcit and
official explained also that the bank has
low discontinued buying English paper
TOR its foreign portfolio but for ~
ferent reason. namely. that the rate OF dis
count made 1t unprohtable.
Consensus Of opinion in steel circles Is
made at TIE meetings III January of steei
producers. Commenting upon the situation
sise of do
believe reduction from the present level
OF prices would bring in any business to
speak Of. 1t must be taken ints considera
ton that costs have been advancing and
steel compa uies are making little If any
money on basis Of present prices,
tain Independent steel companies out Of
business. as they could not operate at 4
profit
ket. says
Bonds were again in broadening inquiry
with London a pronounced buyer, Gable lie
tween English and American bankers fol
the sale Of several large blocks of railroad
mortgages. If the question Of terms be
met London will take on these securities
privately: that is to say, the transactions
viii not be recorded on the stock eAchan ge
/
that there is an inclination in stock ex
| change circles to ezaS2erate the ilnpor
lance of the increased demand Cor coupon
values.
In the conditions the bourse is mos
prone to mistake possibilities for proh3hil
theories eS nu on narrow f5undntior
of facts. Some board members. who are
unconsciously. perhaps exaseerating tn
cool their ardent ina gination
: The facts. OF course. are that the sale;
low the amount disposed Of in Decembe
Of other Tears-say the last i've years
this NEUTRALITY-SUSPICIOUS. the record distribu
ton Of dividends and interest which viii
be made next week.
ket is highly satisfactory compared witt
. what was done in the preceding clever
months. Bond men, themselves hardl,
become resigned TO a .continuation Of tn
inactivity. Having taken their cue iron
thev did not look for business of any con
1 sequence until the interstate commerc
commission shall have delivered its freisl l
is in the nature Of gratifying surprise
YEAR-END PROFITS ESTIMATED.
e DISCUSSING the amount Of money. t" b
= her and Junua.. aud the effect OF thes
Disbursements &: security values. the Wal