New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-09-21
Publicity the Remedy.

Publicity the Remedy.
In an article under the heading Capt
,aIzation Not Factor The American
shippers Gazette" has the following para
graph:
THE suggested remedy for the evils Of
overcapit slIsation OF present is publicity
Of the facts concerning the issues and the
sYpenditure Of the proceeds. Such reports
would contain q full statement OF all
financial transactions during specified
netods, showing what was the consider
atom. whether cash, securities or other
valuable considerations disposition Of the
surp,us q complete report OF such trans
actions TO the stockholders, power TO the
interstate Commerce Commission to in
CUR. into the bonafdes thereof and TO
make all needful examinations. ETC.
American Can Gossip.
n. Dividend ruInors we're strong yes
\ t,.tay around American Can issues. II
VA sts.ed that at the next meeting OF
III, board OF directors, which will take
,lss ssrly Ia December, 7 per cent will
b.isdrsd on the preferred. with q prob.
sssty Of . payment on back divfdends
rshsk dividends on American Can pre-
trA now are in excess OF 30 per cent
nn.ap Of the American Can Company
n aid to be larger than ever before.
NJ climates have been published that
Anus annual report will show a bal
IA susi TO 10 Per cent on the COM
,x dter oetuoting per cent for the
xsrsd
Copper in United Kingdom.
Oypsr for manufacturing purposes, a.
A.. eszn By consular reports in the London
! hsss constitutes but small proper
~ "A o. tie total consumption OF the
- a r,ssa Kingdom The greater part Of the
Is 81 v,., Is required in the midlards and
y. y II ~ pcrth Of England. which contain such
rs e ia, Industrial cities es Birmingham.
ar.aestsr, Newcastle. Sheffield and
= kds Liverpool, BY reason OF It's loca-
D. vsrA is he port which. receives most OF
q H. copper imported into the United King
ltyn from the United States. Some Amer
~ Isa COPPER is delivered at Swansea, but
IS .erms a very small proportion OF tho
Hxi imports
= Birmingham. by the variety OF SIS in
g, Bsriss, probably uses more copper for
- anutseturing purposes than any other
iS Msr IN the United Kingdom. There is q
80 rgs and Increasing consumption Of cop
"a IL however, m London, owing TO the
80 astifcatlon Of railways. OF the total
IA -ports Of unwrought copper into the
- r;ilsd Kingdom In the last three or four
80 'ars only about one-third was imported
g5 10 London, but most OF the re-exports
81. rEe clipped from this district
III Goldseld Consolidated Earnings.
= he report current on the street yester-
~ u ~ hat the management OF tho Cold
Is a Va Consolidated Mines Company has in
* sctsmplsilon the withdrawal OF the
an1snys shares from the listing OF the
40 SE York Stock Exchange calls atten-
na TO the earnings OF that company
s,cs November. ls1i. In that month net
arutngs spproximsted sil.op. Decen1-
= 3s,ial they wero $4,000; January, 1872
= EG; February. t4s7. 90; March, t4e.
,a 81 ~: April. Sq2,0o: May, S3,e.ODo: June.
g sslm; July t5s0n, and August, szs2,0po
no q Estimating September and october at
y lsm each 10 complete the fiscal year.
1s ns total will Be "a, 80 con. On October 81,
q M the compsny's cash surplus was
IS lhs1 which, added 90 earnings. makes
10 Total Of B8oocn During 1872 two
n SVnents Of 30 each n share quarterly
= ave been declared and two quarterly
Z IA share dividends have followed, max
Z "a total disbursement OF t.7os.ooo. BY
= ~saenns this gum from the total earn
= y AID surplus, the cash surplus at the
|" 1a the fiscal year viii be. as per esti-
- sh only $1,000. The gradual decrease
70 Nnings for the last year and the
spect for an increase not being bright,
zy be assumed that further reduction
es dividend rate may follow. ~ the
- q Ipahy knows that further reductions
lm made the reason for withdrawing
sEeck With small par value from tho
v ~ iork stock Exchange listing would