The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1911-11-26
FINANCIAL NOTES
Wall street news summary:


President Delano Of Wabash. says IN
Sherman law means what Il says, 80 per,
cent Of our business Is Illegal.
Canadian Pacific orders 4 800 box cars.
Reported movement OF currency indicates
loss Of So. 10000 to banks.
Rock Island breaks of negotiations with
5000 shopmen; may mean strike.
Yaun Shi KAT still unable to obtain,
loans.
American Bankers association indorseS
Aldrich plan with one dissenting vote.
Articles Of Incorporation filed at Trenton.
for Llorillord with capital stock of $780,!
900 600 and Liygett and Meyers with capt.,
tai stnci $40 $50, 200.
Member Of tariff board says it will not
recommend sing definite tariff rate even,
on wool OF cotton. Places cost of domestic,
production average Of 8 per cent Above
figures of democratic experts.
National railways Of Mexico annual re-
port shows ~ per cent for first preferred
against Al per cent last year.
Logan Bryan wire A. w. Thomson:
The usual week eud realizing and even,
considerable irregularity during today's.
short session. The. remarks attributed to
mittee, which. are to the effect that the,
Investigation is likely to be carried much,
further than many have heretofore antic-
the interests arrayed on the selling side,
AVID 'k n addition some realizing from ' Eoes
! don result of the fears that the
In w Mq5dy
,the easier feeling: We believe, however.
considered upward but the reactions are
likely to occur with sufficient frequency
tmn T. wsns nf for r and the
use of safeguards in order to be prepared
against ANYTHING Of an especially disturb,
agitation.
- Stockholders of the Chicago Telephone.
American Telephone and Telegraph Com.
pany to make an even exchange Of thN:
stock for stock of the American Telephone
| Company.
Boersianer says: Ever since the world y
surplus Of copper has been topic Of
pus has vasts e eaeeaed De that in this
country: now the reverse is true, the'
Ams s14 an surplus on Noy standing at
Bile was 1888 $4,000 pounds, The total!
worlds surplus as OF July: 1910 was,
6s T The ID nns
s s:sS.oE pounds Of copper per day 50,
that the present unconsumed stocks al, are
! ments.
Willis L KisE vice president of thu,
The II n IS per cent or 50 per cent Of op.:
moderately. even after allowing for sea :,
sonable quietness in certain products
which will become active next year. ::
1--WE have been getting along without;
railroad orders. and now that such buy.
ing is appearing one can readily believe,
that MANUFACTURING conditions are going
year 1s1l has been very large. but moi.
our troubles. but do believe people are
growing tired Of agitation and an over
supply Of legislation; and are realizing
try sound.
Recent strength Of the market in Di.
inside buying on advance knowledge o.
the company's improved financial pos,-
rtee. wis permit the carrying out Of th.
plan to raise the dividend rate from to :
per cent. as previously announced by Of
1cIals to be among the events early next
1t il. -otncia,ly stated that the company
Of its outstanding 5 per cent gold de-
Venture notes dated July l. 1908. and due
yuly i. 1912 The original issue was for
e.e due Of ths total
already been paid OF
PLAN srGAR TARIFF CUT.
WASHINGTON, Nov. o5.-Abolition of
the 20 per cent direrential in favor of
CUBAN sugar provided by the present tarin
law and substitution OF an ad valoren rate
Of from 70 to IS per cent for the present
specific rates probably will be undertak ken
ri the approaching session Of congress.
. The suggestion has been made by indie
pendent redners 1t has been received with
favor by republican senators. who will be
, | active In any tariff legislation that may
J. he undertaken. Almost all the sugar
brought into the United States comes from
Cuba.
NEW YORK BANK STATEMENT
NEW YORK. Nov. 25.-The weekly
statement Of the New York clearing hous<
banks shows the following: