The Washington herald., 1914-06-09
WALL Street GOSSIP.

Copper Producers Association reports
stocks on hand. June l, A.3i2,6il, against
7o.ssI.eol month ago.
Total gold engaged for export on the
| present movement s22.5o Zoo or So, 800. 100
| since the beginning of the year.
Sterling Gum Company has closed its
| first large contract calling for immediate
sale of 5000 boxes OF chewing gum to
Metropolitan Tobacco Company.
The New York State Bankers Associa-
ton will hold its twenty-hrst annual con-
vention on June II and L. next at the
Hotel Griswold. Eastern Point, New Lon
don. Conn.
Mr.. J. Herbert Case. of the Farmers
Loan and Trust Company. of New York
City, is chairman Of the Committee of
arrangements. All members and guests
are requested to register at the Griswold.
the headquarters, on arrival.
An interesting program has been pre-
pared.
Henry Ciews & Co. say there is no need
to feel disturbed over the large volume of
gold exports because We have an abund-
ance of the metal while our own trade
requirements are restricted. They believe
that forces soon will be operating to
check this outflow, observing: VERY soon
there will be a better supply of grain and
cotton bills. II is probable that still fur
ther gold shipments may be made to Eu-
rope. since the Bank Of England is carry
inS relatively small supply of gold.
compared with the large increases In the
stocks held by the great banks Of France
Russia, and Germany. II is well also to
remember that the new banking system
will probably be in working order by
September l, and this will prove a very
important factor in the money situation.
The obtaining of credit will be greatly
facilitated, and less gold will be held In
the United States Treasury. all of which
factors will be stimulated to business and
have more or less of an innationary
effect. The situation abroad has i'm
proved as a result of recent liquidation. |
The home railroad situation is also i'm |
proving
The total capital employed in electric. !
gas. street and interurban railway COM |
panies. commonly called public utility |
corporations, in this country today Is /
estimated to exceed eight billion dollars. !
or this capital nearly five and one-half |
companies and their subsidiary compan-
les. OF the approximately eight-nine mil !
lions OF people served by electric light |
and power and gas companies over sixty |
two millions approximately 20 per cent? |
are served by holding company systems.
The electric light and power companies
represent approximately two billion dol
lars Of capital, of which approximately
IS per cent Is controlled by the holding
company form OF organization. These
utilities serve over fifty million of peo-
pie. approximately. thirty-eight millions
Of which are served by holding compan-
les. OF 57s cities OF 1000 or more popu-
lation served. 42s are served by holding
company systems. OF the ia cities in
the United States Of a population in ex-
cess Of 5000. 103 are served by holding
companies. OF the 81 cities in this coun-
try having in excess 10000 population,
4s are served by the holding company.
Artificial gsS companies represent a
capital Of approximately one IND one
third billion dollars. OF that capital ap-
proximately two-thirds is controlled BY
holding companies. The gas utilities Of
the country serve approximately thirty
eight and one-half million people. OF
this number nearly 5000 900 are served
by holding companies or their subsidiar-
les.
Street and interurban railway compan-
les represent a total capital of sapproxi-
mately 5000. 100000. OF this sum IL is es-
timated that not less than two-thirds is
controlled by holding companies. In the
twenty-eight cities of the United States
having a populpation in excess Of 900 600.
he mileage Of track controlled by hold
ng companies is in excess of 81 per cent.
Here, again. 1t is of interest to note that
'nly four Of these cities have more than
'ne principal operating company, and
'nly two Of these cities have COMPANIES
hat are really independently and sepa-
'ately owned.