The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1911-01-22
FINANCIAL NOTES
Wall street summary saturday:

Wall street summary Saturday:
f1nciPni express companies make large
Bradstreet.s say trade undercurrents are
nas fT nel sqs
banks gain $1o.223.000 on weeks currency
United States steel oncials expec. for
eisn business for this year TO be largest
.n EsTIy financing By New York Central
General electric plants operating 20
a stock Dividend Of ID Der n cent At a
was decided e issue 5000 900 additional
bonus to stockholders. This viii make the
outstanding common stock Of the company
81 Is S he to
ing OF 81 100000 coupon gold notes that
fall due Feb. next
Exports continue TO run heavy. foreign
shipments OF copper during the drst nine.
long tons. an eraEe a Of sa7s 20 y lbs s per
day. or at the rate OF 70. ISL 200 lbs for the
month.
100000 New York City 4A per cent bonds.
The Sc BY the Way were S1fers ed, at , aoSA
Thursday they sold at 1ol1s.
Crude rubber prices show no recupera-
tive power in the London market. and
there is no evidence at present of higher
prices FOR some time to come. Up River
the lowest price In two years.
Reports current in New York financial
circles for a considerable time past to the
effect that J. p Morgan Co. have under
consideration plans looking to the merger
United states into the A..erican Telephone
and telegraph company are declared to be
decidedly premature.
The Associated electric railway, light
and power companies of Lima, Peru. have
sold $500. 600 Of bonds to foreign bankers.
who took the issue at Sc and sold 1t en-.
tirely in London at 971a.
Although the Missouri Pacific made .
the he a mo2ths ended sI' with November,
as compared with the corresponding period
a year ago. its net results have been de-
s. ,1oo: 900 On, she basis Of last years
outstanding was equal to but little more
than one-half Of per cent. or at the rate
of about IL per cent per annum.
The New York. New Haven 4 Hartford
has sold another block of one-year ~
per cent notes to New York and Boston
notes @hes toad
this week. The notes will shortly be Of
fersd for public subscription;
was announced from y Phiiadeip hia that $50.
0O0, 900 Of Reading refunding bonds would
be brought out as soon as they could DO
signed Then there Is the New York Cen
and the SAC. 600, 600 Pennsylvania stock Ia
sue will soon appear.
Tin plate makers and can manufacturers.
including the American can company, are
materially affected by the rise. As a re-
suit manufacturers OF packers cans have
advanced prices per cent over year ago.
Price Of pig tin has advanced from 32.73
cents u pound year ago to H.15.
The Southern Pacific first refunding
per cent bonds OF 1855 will enter the ranks
OF those Investments legal for New York
state savings banks June 30
In the First district court OF New York
Judge Young has handed down a decision
In favo- of William H. Herbst OF 20 Broad
street against Edmund Clark for the pur-
chase OF two puts on United States Steel.
contracts and that they were therefore lille
gal. The court, however. held that they
were In accordance with the law and rem
dered Judgment to the plaintiff for the
amount involved.
has called for the following circular from
the National lead company:
We invite your attention to the daI- ger
Gus condition Of the pig tin market, and
the recent sensational advances which have
taken place in the price of this metal.
ago. due to the cornering Of the worlds
market by syndicate OF French and
Dutch capitalists whose operations are d.
rec;ed by an English metal broker.