Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1911-01-04
FINANCIAL NOTES.

--
Messrs. N. w. Halsey & Co. have
been awarded $4,000 Monrovia 5 per
cent. bonds, maturing from l to 40
years serially.
It was reported that Philadelphia
Rapid Transit Company's earnings for
December were about s11o,O 900 ahead of
the same month a year ago.
There was a good foreign demand for
gold of the South African gold offering
in the london market yesterday. Ger
many got ESQ, 900. Holland f100,0 900 and
the Bank of England 1885, 900.
President Burlington, of the Illinois
Steel Company, estimates the 1910 pig
iron production at $1,000 900 gross tons.
He predicts prosperity in all lines OF
business because wealth Is abundant
and widely distributed, with all eco
nomic conditions sound.
The Lehigh Valley Transit Company
reports the receipts of its railway lines
for December as $50, 2S4, an increase of
81, 527 over the corresponding month of
l0ud. 1HlS 10 a. bdih Va A1OAV Nhhh ~
per cent. December Is the first month
of the company's fiscal year.
The unsold portion of American
Smelters' Securities bond issue of
S15. 600, 900 will be taken largely by the
Guggenheim Exploration Company,
practically ell the stock OF which Is
held by the Guggenheim family. Gug-
genheim Exploration Company win
subscribe for something like 49, 00, 900
of bonds.
During the past twelve months there
has been a depreciation of almost $685.
000,0 900 in the market value of thirty
two prominent Boston copper shares
from the high prices OF the year, which.
with few exceptions, were recorded in
January. The depreciation in Amalga-
mated has been $49, 900, 900, in Utah Cop
per s25, 1892, 900, and over $40, 900, 600 each
In the case of Calumet & Arizona and
Utah Consolidated.
OF the forty-two roads reporting for
the third week Of December, thirty-fiye
show increases a~ggregating $1,025, 102,
while seven show decreases amounting
to $50, S21. making the average gross in
crease 1894, PSI, or 1855 per cent.
Dun's Review reports 269 failures In
Philadelphia in 1910. with liabilities at
81, 212, 943. This compares with 271 in
1909. with liabilities at 81. 100. 543, and
372 in 1908, with liabilities at $6,S6S, Oo4.
Pennsylvania's November losses were
heavy. AS compared with the same
month in 1909, net earnings decreased
81, 015, 400 on the Eastern and LOIS, 300
on the Western lines, or a total OF over
So, 040, 900 on the lines of the system d.
rectly operated. There was also a de-
crease in gross earnings of nearly ST.
000, 600 on the system.
Price OF membership on the New
York Stock Exchange for the year 1910
has varied widely. The last sale of a
seat on Change was $4,000 The record
price for the year was 1914, 900, as COM
pared with $500 in 1909, when the
lowest sale was SCI. 900.
Many bids were presented yesterday
before the Board of Public Works, of
Annapolis, Md, for $3.50, 900 of State
bonds for various improvements. They
are In denominations of $1,000 each and
will mature January 1. 1926.
The convertible privileges attaching
to the $50, 900, 900 New York, New Haven
and Hartford convertible 31As accrued
on Monday. The conversion ratio is $3.50
par of debentures for each 800 par OF
capital stock, with the right Of con-
version running for five years, or untfl
January ], 1916. If all the bonds arc
turned into stock it will create an ad-
ditional $50, 000, 600 of stock. bringing he
total outstanding amount up TO more