The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1911-08-13
FINANCIAL NOTES


! Wall street news summary:
J. H. Galbraith. head of Waters-Pie
Oil company in Mexico. succeeds NJ. g.
Ribon as director >of national railways OF
Mexico.
/: Standard Oil company must stand an
pther trial in New York on rebatinE
charges.
London strike ended Friday night but
liverpool strike situation continue. seri-
GUS.
st H G s1 rs,ck not to resign from United
;, g g e o pa.sntss Eaia
Congressional leaders plan adjournment
, Cotton and steel schedules may 20 over
Wool bill agreed upon nxes % per cent
futy and agreement on farmers free list
Senator Bailey resigns from monetary
ON omapni nj saying he is oppo.sd to CEN
Gulf coast shipping damaged BY storm.
Wholesale price: Of beef advanced ana
retail prices viii show effect soon although
President may visit Pacific coast in oc-
3 st sspints
equal to 5.D per cent on preferred stock
per IN
emphasize the steel trade.
Copper Mining company's smelters in July
vas q .052. 600 lbs of copper, compared with
ses.74 b. '1 Il July. o1 1905 5a'' year ana 20
The International Paper company reports
oF tns ses ysss ended J9ns g a
E16s, 1876. '1 '' 4''o' :" 'n'' -
st II is learned that the directors. Of the
Studebaker corporation have decided to
apply for the. listing Of its securities 81
York ana Chicago. It is said that the sp-
| plication will be filed shortly. the delay
having been due largely to the foreign ne
regular exchanges there.
Business failure. in the United States.
ending Aug. 10 were 2os. against 2oe last
1909, 24s in 1908 and LAG in 1901.
Orders for future delivery indicate fur.
! Their moderate improvement in the trade
panding in fair degree Many visiting buy.
ers are in the country's leading markets
and those hailing from the cotton growing
disposed to purchase quite freely. Tall
! from BUYERS in general is optimistie
enough, Out, WNnal. purchases on the
| whole show that considerable caution pre-
walls.
r G. Dun 4 Co.'S weekly review OF
There is further evidence Of a feeling .,
confidence that the autumn will bring
/ broadening in trade activity, while bust
ness now continues to expand moderately
/ The explanation in the demand for stee
| products continues very gradual. Strong
competition is noted in finished lines when
ever important business IL in prospect, al 4
/ concessions In prices are reported. Rail
| road buying Is restricted. but conditions IL
| the structural division are more PROMISING
/ contracts for 10000 tons of steel for loca
subway extension having been closed Pts
iron production during July fell below thu
output for June. A marked tendency to
ward Grmness prevails in the east, and 81
advance of % cents has been made in som,
/ markets at the south on deliveries extend
ing through the year
In cotton goods the adjustment Of cloth
to raw cotton prices continues the mos
dimcuit problem, and Is complicated l-y tn,
greater curtailment at the mills. Dleaches
sheetings have touched bottom for the Job
bling season. and have advanced &c yard
DIVIDENDS DECLARED.
The National Biscuit company has de
| ciared the regular quarterly dividend o
IL per cent the preferred stock ant
IA per cent on the common. The pre-
ferred dividend is payable Aug. 81 to stool
Of record Aug Il, and the common is pay
able Oct. Il to stock Of record Sept IS.
The Barney & Smith Car company ha
declared the regular quarterly dividend o