Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1911-01-19

tIst tllClA hAidNpaPiAo
709 Lafayette building.
AT the twenty-second annual meeting
of the stockholders of tho Equitable
Trust Company, Philadelphia, Pa, all
of the old directors were reelected, and
James A. Flaherty was elected TO fli a
vacancy e%xqultng In the board.
The New York Journal of Commerce
in an article on the copper position say
tho surplus stocks OF copper at the
close Of 1910 were 263, 900, coo pounds. or
100 per cent above the official figures
The worlds stocks of copper are es-
tlmated to be 8O5, 900. 900 pounds or 405,-
00O, 600 more than the official statistics
show. The Journal Of Commerce con-
cludes that the copper situation Is
mere serious than II was in 1899.
The General Asphalt Company has
retained as general counsel for South
America Hon. Edgar Agostini. X. c..
who has resigned a life position of at
torney-general of Trinidad to accept
tho position. He was in Philadelphia
yesterday, and on Saturday will sail for
England. with A. W. Sewall, vice-presi-
dent of the company.
Upon the application of the Public
Service Commission of Maryland for
authority to enable the Northern Cen
trail Railway Company to make the
proposed 40 per cent. stock dividend,
counsel for the Baltimore committee of
shareholders will today interpose argu-
ments.
For the first time in its history the
Philadelphia Saving Fund Society holds
aggregate deposits in excess Of $780,
900, 900. The total as on January l was
$101, 1926, 993. and the number of deposit
tors 273, a20. The company reports sur
plus of $40, 259, $40,
The Iron Age reports that Argentine
railroads have taken Is. 900 tons of steel
rail from the Maryland Steel Company,
and $500 tons from the Steel Corpora
tlon. which has also closed a contract
FOR 5000 tons for a Mexican line.
A syndicate headed by q Boston
banking house has bought from the
Seattle Electric Company 81. 721. 900 con-
solidated and %refundlng mortgage 8 per
cent. bonds due August l, 1929, which
are TO be placed on the market in a few
days,
Three additional municipal loans ag-
gregatlng 81, 500, 900 have been authorized
by Montreal Councils. The bonds will
bear 4 per cent. interest, and will ma
ture in forty years.
Anthony N. Brady. vice-president OF
the Peoples Cos Light and Coke Com
pany, Chicago, says there is no truth in
the report of a 49, O0, 900 bond issue.
Toledo, o., is soon 10 make & bond
issue, which, It is proposed, shall be
put out in pieces OF 800 and upwards.
The idea Is TO sell the bonds over the
ounter direct to the investment public.
The Associated Electric Railway,
Light and Power Company. of Lima,
Peru, has sold an issue of So, 800, 900
bonds to foreign bankers Mt So, the buy
ers reselling 1t at once in London
at 9712.
L. w. Clark Co. of Philadelphia, and
Clark, Dodge & Co, Of New York, are
offering 81, G53. 900 Denver City Tramway
Company frst and refunding subsidiary
fund mortgage twenty-nve-year s per
cent. gold bonds.
Harris, Forbes & Co. and Lee, Hig-
gibson & Co, of New York, and Esta-
brook g. Co, of Boston, are offering
s., 721, 900 Seattle Electric Company con-
solidated and refunding mortgage sink
Ing fund 8 per cen gold bonds due
August l. 1929.
THE PRODUCE MARKET.
NEW YORK. Jan. 19.-Butter-Easy:
receipts, 5.129; creamery, third to first.
1870 "a; process, common to special,
18h@21.
Cheese-Steady, Unchanged; receipts,
$50.
Eggs-Firm; receipts, 11.054: State.