New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-07-02
Flashes from Canada.

p.,ntts have beeh ieVe'''"
eating that the net earnings oil Inv
y" a. Janero Tramway Light and Power
h0 80 for the last week have showed
oohip' Increase. The gross figures for the
'sc1' odd June % show S2So,S as COM
wsr .-,n ss5I. 767 for the corresponding pc
r' ,a.t year. resulting in an increase OF
nSa 49, canadian
,.ssolidated Rubber Company OF Montreal
=. believed, has practically settled .he
- NJ establishing a million dollar
-, e. Hamilton. for the manufacture OF
Na tar the Ontario trade. Reports. how
- do not state when operations VIII DC
ltglh
Yearly Wage Scale.
the yearly wage scale of the United sons
yo,can. according to reports from Pitts
III which calls for a fiat rate of s.
was mutually agreed upon by dozen
Y ,,ore napufa cturers dealing with this
..rsr,zatlon, composed mainly of puddlers
"a ,,uck mill hands II is said that the
"..sr,ent confirmed at this conference is
=. s,st 20 go on record calling for fiat
-. for boiling, the Amalgamated Associa-
',, fostering annual agreements based Oh
.. ceiling price of the commodity manu-
n.,o,ed. According to the new scale, the
,. ~ the Amalgamated Association will
s. sold on a 81 % card for bil'ets In order
:. estimate s. ton. The reports further
,.v that the agreement OF the sons OF
Vulcan is 10 keep the rate stationary AT 20
,,rIsc the entire life of the contract
Pig Iron Facts.
:. has been estimated that the present
80, will witness the production of about
n so osO tons Of pig iron. the larger portion
At which will be manufactured by The va
L,,s steel companies. 1t is declared that
r.,chant furnaces have not seen Such
1.o-v Increases in tonnage as are now
,,,u,r by the steel making plants. The
constant conflict between furnace com
,snies and the various coke producers over
,bs recent advance of 20 to - cents asked
Az contract coke is very likely TO continue
While the steel mills practically all pro-
sncs their own coke 10 very large extent
NAV are in no way affected as much as
,boss OF the merchant companies. OWING 10
me rapid increase over demand AFTER
,o,ths Of constant complaint, the plans
ar the construction of new plants II II
animated. will involve an expenditure OF
about s6o,WooH.
shipbuldina Company Prospects.
The opinion of prominent persons in close
relation with the American Shipouild'ns
Al
H,4dsnd on ts common stock this year
There will be a directors meeting TOWARD
the end of this month, when the dlVidehu
ousstion will he decided. II is SAID that al
present funds are not sufficient to render
dividend probable. although the compan!
earnings for the first eleven months OF Inc
uressnt fiscal year were somewhat IN ca
s,s, OF those for the corresponding periou
mt year. The capital stock outstanding q
n, American Shipbuilding Company con
srs Of 100000 preferred and $1.6oOWo
nmrnon. authorized OF each class, Slo'Wp.-
"a No bonds have been issued. The earn
ipa lof the company for the year ended
- aa11. totaIed $e54s61 which. after
deaueston of $Sl7.s42 for maintenance de-
rtsesator ard construction and $4,000
preisrrN dividends left surplus Tor the
wear Of only ss4,21S. equivalent TO IL per
! csr on the common. This amount was
sasd 20 profit and loss surplus, which now
tcss s.4so.ls3
Rapid Business Recovery.
The operating difficulties of the American
smelling and Refining Company appear TO
x fairly settled, for the time being AT
east Conditions during the last week III
tests that business is active, not only the
sa9ta MILLS but the Baltimore refinery OF
he COMPANY. rapidly approaching fun ca
ac.ty. The workmen at Perth Amboy are
aid 70 be back at their different occupa-
ions and the Mexican properties of the
company are in operation, so 1t Is hoped
hat within sixty days all will be running
At fun capacity.
Brsden Steel Situation.
Fnends Of Braden Copper are confident
the continued Increase in the output Of
II. company. The official figures, II Is
nd show 100000 tons Of ore, but some
ay that present indications are ZZ"o"o
mk M : sang1line interests Of the COM
an me that eventually II should lie close
va fs0 90 90 mine. The cost Of mining
coppvr according 10 figures furnished. Is
uonnd cents pound. In the past Bra
tn has been handicapped and has shown
ID. Development An experiment In
process OF separation is being made "hicn
sTl be yaluabl if successful.
Western Steel Situation.
Western steel men think II unlikely that
sryturther advances IN steel prices VIII be
rass n the near future. Conditions are
shb b. much congesjed in the Western
nils still. railroads purchased liberallv
Dung the week Just past The largest
Hdsrs came from the Illinois Central E,'"
Nas and the Peoria & Eastern, GOD tons.
Ehts in number they represent fairy
nds range. the individual structural orders
are uniformly small Some mills viii rot
ioiiclt additional tonnage for several
months
Steel Tonnage Amount
The total aggregated tonnage Of steel
ORDERS for building ana bridges during the
w months ended June 20 r. estimated at
%'sa Il lie shown that this is only 4O.@
ssio~ the high record, obtained IN the hrst
asH Of 1865. 1t il said the convincing price
steel in its advance Of 81 ton on bars
''stes and shapes was the cause of larger
vanity Of new business, which was sent
Al before the rise was enforced. ii Is also
Se.o that fabricated steel orders for con
t"ueticn work were forwarded in quick
*iae by tho advance Of plain structural
Material About 5000 tons OF steel com
he hssff, ca q
we present total TO 10000. The various
,altoaos have placed orders on large
ssle Tor hauling power, and leading loco