New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-07-20
BRIEF NOTES OF FINANCE
Paragraphs Of Current Interest
for the Investor.

sr,n in the Bull Moose party, the
z-agotte plot in England and the con-
, s-a,or of the murder car" owners make
~ mild antics of the bulls and bears in
III street seem like Sunday school
~ Investigators please notice.
To Receive Bonus.
,,.,orts from Chicago state that Sears,
~-,sahrcl, & Co. have recently made an
S,,rcament Of a profit sharing plan
h N,'"-obv their employees who have re-
80 less than 81 500 after five years
&c will then receive each year per
scr, If their previous years compensa-
". ,rd per cent for each additional
, ro until 10 per cent in this way has
been reached
Freight Rate Increase.
MS reported that the Interstate Com
90 Commission has granted permits
- N railroads to increase freight tar
g ner cent on ores and metals Of all
ii''-.or,ntions and characters from the
- Northwest and Southwest. The
,,sr5er rates will become effective on Oc-
tober Is next
q r. T. Dividend Prospects.
:. - believed in some financial circles
.s.+ the next annual report Of the Brook
~ Rapid Transit Company will show
H. s,,idsnd balance equivalent 70 about
Nv cent on its s45, $4,000 stock. This
I-o,,,d mean that the balance should fig
..,,,. above 100000, leaving. a margin in
,vcess Of the 5 per cent dividends OF over
,.Aoo Il Is questionable whether the
.o,,nanv will declare any increase In div
tSards as the SS44S7.00O first and refund
TO- &c now outstanding, and convertible
.,ar for par, would probably be converted
,itb any increase in the dividend rate.
=, q not thought that cash conversion Is
desired.
Working of Stock.
The surplus Of the Standard Milling
ronpany has been increased from 1856 Al
a, ,eol 10 s3,375, 1853 in 1911, which amount
is IN excess Of the company's S2,s5l,o9o INST
Too-tesge per cent bonds outstand-
,,e There was made Iecently per
rar, initial dividend shortly after the
.a,Ireroent Of $50, 900 debenture bonds Of
.,bs Hecker-J ones-Jewen Milling Conn
many. ard further there has been made a
deposit Of per cent in the sinking FUND
Of the standard Milling Company toward
the retirement Of its preferred stock, OF
which $4,000 is outstanding.
Failure to Get Orders.
Owing TO filled condition existing in ocr
steel mills the Canadian railroads which
have been inouiring here for $500 tons
NJ steel rails have been forced, 1t is saId'
81. N Mace the order for this tonnage In Do
r,iniop mills. The tonnage consists OF an
order for 1000 for the Canadian North
ern and the remaining 1900 for the
Canadian Pacific. The inability Of the
mills IN the United States to make early
deliveries prevented their getting TINS
business. which otherwise would have
been placed with them
Change Pipe Schedule.
II is said that the makers Of wrought
iron rdpc have withdrawn all quotations
on an pending orders. which is further
believed 70 include some quite extensive
zones. and new quotations are now being
executed in place Of the previous fgures.
Thess are for immediate acceptance, with
possible deliveries from two to ten weeks
specified ON line pipe. II Is reported that
merchant pipe is quieter. with purchasers
bu,iug ahead for immediate requirements.
F5avo Arranged Price.
The sheet bar mills have now arranged
with their regular Eastern patrons for
August delivery on the basis of 523 % a
ton. r. o. b. Pittsburgh At present tbp
Eastern producers say that they will not
sell at less than 81 a ton, and very lit
lie tonnage can be offered. The large steel
makers who have been in the market until
quite recently have had trouble 70 FL
their needs on account Of the scarcity Of
this product.
Award Bridge Contract.
Reports state that the contract has been
let for the construction OF fifteen concrete
piers as a sub-structure for the steel
bridge which is to be built over the Lake
Washington Canal at Seattle, by the
Great Northern Railway. 1t is said that
the total expenditure on the bridge VIII
amount TO approximately 100000.
Pennsylvania Largest User.
According to records the Pennsylvania
Railroad has been one OF the largest
users OF steel this year for rails. This
road, II is said, now is considering the
appropriation Of a sum approaching ST.
10000 for necessary improvements In
freight yard extensions, bridges, freight
houses, sheds. etc, in the vicinity Of
Pittsburgh.