New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-06-13
Car and Foundry Earnings.

troubles would be running on still higher
percentage.
Car and Foundry Earnings.
In 1911 American Car and Foundry
showed slightly more than per cent earned
on common stock, but the prospects this
year are not as good, as profits are low. 1t
will require earnings of $4,000 to make
a per cent showing, which now does not
seem to be In sight.
Island Creek Dividends.
The plan as announced of the Island
Creek Coal Company to meet dividends is
to issue COCO additional shares. and stock
holders will be given warrants 10 subscribe
for new stock. These warrants may be con-
verted into cash If not used for taking
stock Stock not subscribed for will be
accepted II is said. by directors syndl-
cate at $50 a share without commission.
New Financing Company.
For the purpose of financing terminal i'm
provements at New Orleans by the Texas
& Pacific Railway Company II is thought
that a new corporation, to be known as the
Texas and Pacific Terminal Company. will
he formed. The cost Of the terminals Will
he about 100000. which the new corpora
tion will raise.
Doubles Net Per Share.
The taxation report OF the Anaconda Cop
per Mining Company. furnished to the as
SCISSOR of Silver Bow County. Montana for
twelve months ended June /. 1912, shows
net earnings of s1O,525729. or rate OF 81 a.
a share. as compared with S,O37,432. or IA
. - e.. h. aVAi N
period Of 1911. There is a rumor that the
Anaconda dividend may be Increased at the
meeting this month.
The Latest Plan.
According TO reports from Boston. tho
United Cigar Stores has a new plan for the
disqualification Of It's stores in the retire
ment Of fits 100000 bonds by the issue OF
&.50o0Oo per cent preferred stock TO It's
stockholders at par, reserving TO the pres
ent stockholders rights TO subscribe for one
share Of the new issue for each two shares
OF their present holdings. Immediately af-
terward, old stockholders will be given a
stock dividend of 600 per cent. II is esti-
mated that this change will make s27, 600 900
OF common stock outstanding. on which II
is said dividends will probably be com
menced at the rate of 5 or per cent.
This is "Goina Some"
The United States Cast Iron Pipe Foun-
dry is reported TO he operating to its full
capacity in eleven OF its dozen plants. D-
rectors are said TO be preparing TO pro-
claim a resumption OF dividends on tho pre-
ferred stock, commencing at the rate OF 4
per cent yearly.
Increase Not Probable.
From n source which would appear TO be
competent TO give information. the PROS
poets for an increase in the common divl-
Gend of the American Beet Sugar Company
are not encouraging. 1t will probably be
fall before action can be taken, as tho initial
dividend of per cent is payable In install
ments OF IL per cent quarterly.
Hawaiian Sugar Crop.
The current years sugar yield OF the
Hawaiian Islands is estimated at $4,000 10
COO, 900 tons, compared with the record yield
Of $50 900 tons In 19l0-Ii.
Republic Steel Improvements.
IT is announced that 100000 will be eX-
rended in new construction and improve
ments by the Republic Iron and steel Com
pany. -Four new modern merchant bar mills
at Youngstown, Ohio. will supplant old mills
of an impracticable type at the Brown,
Bonnell and Mahoning Valley Works.
other improvements will include by-product
coke works OF 900 tons daily capacity The
Improvements. II Is said. will effect eco
Monies in operation and facilitate earnings.
Large Specifications.
THE Iron Trade Review" OF Cleveland,
in part says:
New orders are - not so heavy. but
specifications are very large and opera
lions continue active. An inquiry for 1000
tons OF foundry and malleable iron. for de-
livery In New York State sent out by rail-
way equipment concern, asks for delivery
as far forward as possible. This inquiry
illustrates the Increasing tendency OH tho
part of some buyers to provide for their
requirements as far ahead as sellers arc
willing TO permit. A sale OF 5000 tons or
basic for last quarter shipment at sb 20
delivered, is for the latest delivery yet made
in the cast Pennsylvania Railroad has
closed for $500 tons of coke and charcoal
pig iron for third quarter delivery at Al
toona An inquiry for 5000 tons of basic
IS pending at Pittsburgh for third quarter
delivery to an Eastern consumer. one
Pittsburgh buyer has closed for 10000 tons