The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1911-11-19
FINANCIAL NOTES
Wall street news summary:

Government decides to purchase at par.
bonds which postal bank depositors wish;
rellnQuished.
United States circuit court at Chicago;
to decide today on packers habeas corpus
writ claiming unconstitutionality OF Sher-.
man law.
pcra ton ore rates Monday.
Roosevelt's attack on government Sher-;
Of eandidae l1Sf ior is
Senate committee on interstate commerce
20 Investigate opposition to Atlantic and
Pacific transportation.
A Barton Hepburn believes banker .
scheme impracticable
Steps taken to dissolve Seaboard Com,
Seaboard Air line.
More cheerful view taken OF business
situation by commercial agencies.
Cotton export for October. 10000 bales
General Motors reported ss47s is SUR
plus after preferred dividend for ten.
L. : N. Joins Frisco in ownership OF
Reported movements OF currency ,ndi-
Gates banks lose 100000 cash.
,Fortnightly, report shows idle car sur
plus increased. .
Logan Bryan wire A. W. Thompson: Thu
majority portion Of the trading doubtless
M o be IN the nature Of 5es.
conditions show disposition to again com
mand considerable attention., but what win
the market will be the reports relative to-
state OF trade and industry. Substantial
interstates are endeavoring to steady the
tainty over tariff revision is stii ne e1ertins
a restraining influence, but the large raii
seemingly speIl INCREASED activity. page The,
buying Of steel was impressive and strong
interests appear to be rather more cheer;
1t is reported that early next week Lei
high Valley disintegration plan. about
nq TIC the tale
holders Of the railroad stock viii receive:
sea them In the sbo SG' T9'fh WI
| port IL approximately correct speculative
interests say that they are unable to de-,
the railroad stock has been e'f fully u ais:
| counted.
=. Business failures for the week endin z,
5s in is ae and sss in 1so }slO In 1902
week nsmber a 5 which cnaaa for
last week and 1e in the Corresponding &;
burg Coal Company is due to the belief;
thai thai In the near future the back dividends,
coal properties to the United States Steel.
| corporation resulted In a cut of about so
per cent in fixed charges, which places
full dividend as|1sE Gsit0n to salts
Lower temperatures. with snow or rain;
the first touch Of real winter weather IN
fact has been a distinct help to retail
also been ,erceptible stimulus given TO!
jobbing recorder trade to ELL depleted
stocks All parts Of the country h nave
! larly So and some Improvement is even.
noted in southern demand, though low
fulles. activity. Holiday trade at 'i is also &C.
more favorably spoken Of than at any
previous date this season. Collections are,
provement at some eastern and western
centers. though remaining unqualiaedly
slow at the sou-h.
and steel are more active. though prices ices
spread buying by railroads of cars. rails
aud locomotives are current. The coal
trade has been benefited BY lower tenn
peratures affecting domestic house de-
mand and by an apparently better call
for manufacturing, purposes,
Inc WOODEN goods trade is more busily
employed and wool is active DESPITE,
the talk Of possible tarin revision. cot-
ton goods are lrresularly affected. Prices
lower. but there Is in some quarters more
Of II disposition to take hold for spring.
e ni::< and ssne, MR. ,evs
are indicated.
Plans are under consideration for the
dissolution OF the Seaboard Company.
| the holding corporation with which is
| lodged control Of the Sea board Air Line
Railway Company.
| This. frst step toward carrying on. ,h.
| plan ii IL learned. will be the retirement
Of the Sc $50 600 nrss preferred of the
doing this have already been .nade /, i.
| said. by the sale OF $500. 90 Seaboa I'd
Air Line railway adjustment income
bonds to a banking syndicate 1t is In
| derstood these bonds have been held in
the treasury
NEW YORK BANK STATEMENT.
NEW YORK; Nov 1s-The weekly bank
| ..,rement Of the New York clearing house
Sanks shows the following: Average cou
crease 81 Ose go: loans decrease, s., 0Ss olo
| cre.se 81 Os6 $50: loans decrease 81 dB6 90 :.
specie. Increase Sis, 600: legal tender, In.
tease $77s ZOO: net deposits. increase s.
a6s ,sC: circulation, increase $40 600 Actual
condition: Loans decrease SS53 usl .
snecte decrease $5.s14c0O: legal tender
increase 1000: deposits, decrease SlO.-
dp6 900; reserve, decrease 2,2o1. 900.
RSTNA1ED RECEIPTS.
ruy~Acn Nav roe>ir<.