Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1911-01-13

-~
N. W. Halsey & Co, of Philadelphia,
have been awarded $4,000 City of
Sturgis, Michigan. electric light Az per
cent. bonds, due 1923-19S2.
BY the lay. this is Black Friday.
Pennsylvania seems 10 have little
support" said Dick Brothers & Co..
u~nfavoreble effect on the rest of the
list"
j. S. Bache 81 Co. of Philadelphia,
received the following from one OF
their New York correspondents yester-
day: "Steel should respond to the an
nouncement that no cut in prices win
be made"
An estimate was made yesterday
showing that the Philadelphia Rapid
Transit earnings for the first six
months of the fiscal year totaled $10,-
570.141. or 100000 less than a previous
estimate.
1t is fully understood that the next
dividend of the Public Service Corpo-
ration of New Jersey will be increased
from 5 to 6 per e The amount OF
the stock outstanding is $25, 900, 600 and
q large volume of it is owned by the
United Gas Improvement Company.
II was reported yesterday that the
former Lynchburg Traction and Light
Company interests have been selling
their holdings of American Railways
Company stock, holdings acquired In
the deal wherein the American took
over the %T4ynchburg properties.
Steel companies announce that the
order of the Pennsylvania railroad for
$50, 900 tons of steel rails was closed
finally yesterday. The order was given
some time ago and it was held over
pending a discussion as to specifica-
tions. All differences were amicabiy
adjusted.
A declaration of the regular quarterly
dividend of IA per cent. was announced
upon the preferred stock of the Column
bus Railway Company, payable Feb
ruary /, 1911, to stockholders of record
at the close of business January l5,
1911. Checks will be mailed.
The report of the II. b. Ciaf1in Com
pany for the six months ended Deem
Der 81 was published yesterday, show
ing net earnings for the six months
period to have been $225, 900, as COM
pared with 1878. 900 in the same period
in 1909. Dividends amounted to 1926, 600,
so that there was a deficit reported OF
500, 900. This compared with a surplus
the year before of $780, 600. For the
twelve months of 1910 net earnings fell
short oil dividends to the extent of $685.
900, whereas in 1909 there was a sur
plus of $4,000.
A meeting of the directors of the
Seaboard Air Line Railway was held
yesterday, but it was stated after the
adjournment that there was no an
nouncement TO make regarding the
financial plan which has been under
consideration for some little time, n
which will probably be ready to give
to the public within a week or ten days
According to reports from Baltimore
the directors are considering the issu-
ing of at least $685. 900, 900 in refunding
"A per cent. bonds, from the proceeds
of which the maturing 3 and ten-year
5s would be retired and u substantial
balance left for other purposes.
In the Lehigh Valley Transit's an
nual renort, President Stevens makes
a special recommendation that the
company make an annual appropria-
ton for depreciation. He points out
that in the last three years that the
surplus a been applied to improve
ments, but the new plan provides that
systematically a find be set aside each
veal for depreciation on an estimate
to be made at the beginning of he
year. For the coming year he makes
specific allowances for bridge-enlarge-
ments and removals, replacing equip
ment, track improvement and for build
ing cars. This is a new departure, as
II makes the appropriation at the be-
ginning of the year. The company's
gross earnings for the first week in
January increased $4,000.
The American National Bank, of
Chattanooga, Tenn. has been placed In
liquidation.
The Bank of England minimum dis
court rate remains unchanged at Az per
cent.
The Bank of England bought fl09 900
gold bars In the open market, receiving
f1O, 900 in sovereigns from Switzerland,
sending I'll, 600 to india.
It. M. Schumacher has been elected a
director Of the American Smelling n
Refining Company and of the Ameri-
can Shelters Securities Company.
The national banks of Chicago show
a ratio of cash to deposit
liabilities Of 1898 per cent, compared
with 40.31 per cent. last November and
80. Of per cent. at end of last January.
IMPORTS OF CHAMPAGNE SMALLER.
NEW YORK, jar. 13.-The customs
returns for 1910, just issued, show hat
the importation of champagne into the
United States has decreased AZ per
cent, compared with the previous year.
In 1909 $780, 900 cases were imported
from France, and last year the number
amounted to only $50, 900. The decrease
in consumption is said to be due to
the increase in price put on last ear
1900 MEN REEMPLOYED.
cor rrATDTA pa Ian 2-Affar an