New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-06-02
BRIEF NOTES OF FINANCE
Paragraphs of Current Interest
for the Investor.

4 lust what stimulated the market yester-
4 dav-Uhether the fruit crop suddenly got
Il large. Dan" Reid made will in which he
,royided a traders fund, the tobacco trust
cas supposed 10 cut a melon or John d.
Rockefeller had decided TO purchase the
eovernment-no one could tell. But some-
body bought stocks. If only for turn,
Receivership Certificates.
Courts at Detroit have ordered S,OcOOV
i Pere Marquette receivership certificates
subject to the objection Of the Farmers
Il Loan and Trust Company. trustee OF the
B consolidated Is. Trust company has been
given until June u TO interpose objection
4 10 the new certificates, dated June |.
Butte Copper Production.
According to Butte advices. the May pro-
ductlon OF the Butte mines was H,7oOo0o
mounds Of copper. the Washoe smelter pro-
ducine an even 100000 pounds. the Great
Falls shelter G5O0,ooo pounds and the East
Butte 10000 pounds.
Merger Reported OH.
THE Chicago Record Herald publishes
/ the information that, unable TO agree over
physical valuation of elevated railway.
traction interests and city Of Chicago are
about to call traction merger off.
Called In Bonds.
The American Ice Company has called for
payment, at the Knickerbocker Trust com
pany, on August l. 1912, all Of it's outstand-
ing first and general mortgage bonds. and
the interest will cease on that date
Meeting Called June z
A meeting of the stockholders OF the In
iernational Agricultural Corporation has
',een called for June : to authorize an
ssue of sSo.0OoOo0 first mortgage and col
ateral trust per cent twenty year sink
ng fund bonds.
The company has arranged to sell VS.
5000 Of these bonds to a syndicate and
he proceeds will be used 10 retire floating
ebt and 10 provide funds for development
;ork
New York May interpretations.
During May there were incorporated with
ne Secretary Of State at Albany 1853 stock
ompanies having a total capital OF si2,-
$4,000. as compared with $40 companies
Incorporated during April, with an aggre-
safe capitalization OF s96,551,00o. Com
Ianies chartered during May with capt.
tai of $1,000. 600 or more were ]. NJ. Gid
ding & Co, New York. s1,oo0,ooo; Repose
Mausoleums, New York, $1,000 900; Grieve
Gate Company. New York. s1,15o,oo0, and
the Loose-Wiles Biscuit Company, Now
York, $4,000 900.
New Lumber Corporation.
The Monarch Lumber Company, OF All
eusta. Me, has been incorporated with So
600 900 capital stock TO engage in lumber
ing, agriculture. fishing packing, transpor-
tation and real estate business and the own
ing and operation Of public service corpo-
rations.
New York Railways.
The New York Railways Company has
nleG its report for January, its frst months
operation, with the Public Service Commits
sion The total street railway operating
revenue for the month amounted 10 s1.0S3,-
$50: net earnings. after taxes. s2s7729
other income. s81,52o total income, sS19.-
?4o; revenue car mileage. 2.9s1,540; trans
fers collected. 1857, a37. and revenue pas
sengers. 90,75C,S69.
Western Drygoods.
Marshall Field & Co., Of Chicago. say
that excellent weather conditions in al
parts Of the country stimulated the Cry
goods business appreciably during the week
Retail sales have been good. especially in
the larger cities Laces are being used ex-
tensiveiy on fall and winter coats and suits.
The tendency is toward better qualities of
macrame and rattan laces. made from fine
yarn and we'll embroidered There is a
great scarcity Of dress linens and these
goods are coming in slowly. The Presi-
Dental campaign is creating an unusual de-
mand for flags and bunting for decorative
purposes. An increase in jewelry sales Is
also noted, indicating the approach OF COM
mencement time.
Atlantic, Gulf and West Indies.
TWO OF the operating companies Of At
lantic Gulf and West Indies have just de-
clared a semi-annual dividend. The Clyde,
which has been in the dividend ranks con-
tinuously since the company was formed,
FIVE years ago, has paid a dividend Of IN
per cent on its $4,000, 90 stock, and the
Mallory has for the first time entered the
dividend ranks. with an initial distribution
OF per cent on it's s140o0,0Oo stock.
The sum received by the parent company
from these two dividends is about $4,000
or $4,000 in excess Of the six months in
terest Of $3.50 on It's $1,000 900 per cent
collateral trust bonds.
May Copper Exports.
The copper exports during May amounted
10 approximately 100000 pounds. and do
mestic deliveries are estimated at IS 900 900
pounds. a total Of 100000 pounds. II
production is no larger than it was in April
the decrease in surplus stocks in May
amounted TO between 100000 and 10000 900
pounds.
Chalmers Trouble.
II is reported that there will be new OPP
position 10 the reorganization plan OF the
Allis-Chalmers Company. New York and
Boston lawyers are said TO be drawing up
peutlons 10 compei tue recci.'c- - pay
interest on the bonds which were reported
TO be in the treasury at the time the re-
ceiyer was appointed. Proceedings are said
10 be under consideration for the removal
OF the receiver.
Goldfield ConsoIidsted Dividends.
The payment OF dividends OF 50 per share
per annum has forced Goldfeld Consoli-
dated to disburse s7.l1s,Oo0 per annum,
which In turn necessitated a gross pro-
duction of around 100000 This dividend
rate was inaugurated in January 1910, and
since that date ten quarterly dividends Of
% cents a share have been paid, or equal
10 approximately $lS 000, 900. The companys
total dividend record, however. with the
payment of the amount sccruing, would
be in the neighborhood of &2,175cCo.