New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-11-09
BRIEF NOTES OF FINANCE
Paragraphs of Current Interest
for the investor.

.Ao negroes IN the United States have ac-
e,,r,rlated over 500, 900, 900 worth of prop
s-,y The Russian serfs in fifty years
.,,sd I'D $OO,OOO,OOO. and only about 30 per
cent Of them can now read and write.
Growing Rice in California.
coreans are buying California land for
~. purpose Of growing rice. as they say
.hat much land in Butte County is adapt
- 20 rice culture. At present more than
M .cres Of land in Butte County have
- devoted TO the cultivation of rice
crop
a Week Of Speculation.
,r,o wide fluctuations OF the stock mar
.ovv may be realized by the move
~. An prices since the beginning of the
IL steel sold from 754 on Monday
% 7s& on Thursday, back to 76& on
TsIsov Amalgamated Copper on Monday
,s'ot s2s,. rose to S7Is on Thursday and
"a "a low as s. on Friday. Union Pacific
~ Monday sold at 1895. Thursday 1t
,cnchsd 1854 and on Friday went back to
"a sears-Roebuck on Monday sold at
az an Thursday it rose to 221 and on Fri
L. sold back to 2ls These are a few
.hA sctIye fluctuations Of which during
.t,s week the market has had many. 1t
,rr,x has been a week OF speculation, with
the bulls leading
Quaker Oats Melon.
American people are great BREAKFAST
i,ooa eaters II the earnings OF the Quaker
80, Company may be accepted as proof
~. d,rectors OF the Quaker Oats Com
-, have announced a 30 per cent stock
s,-,asn8. witch was not unexpected by
80. wbo keep in close touch with the
ansirs Of the company. 1t Is payable 10
,,octholders OF record November 70, SUD
..t ~ the approval OF the stockholders
=. of, hold a special meeting on No
.,.,,n.r 40 At present the company has
sn,v+sndinS 100000 preferred per cent
80 SgoOOO common, which a year ago
-. r,aeed on a 10 per cent dividend basis.
Az ths close Of last year the company mao
a xurplw Of ss,536,l54. and the 1913 ousi-
ms, IA said 20 have been larger, which
rtIi mean a much greater surplus. In III
earnings on the common were ABOUT a
n.r cent on the stock outstanding.
Russian Crop Of 1911.
Russ,a's 1911 agricultural crop was very
noor and consul reports state that conslo-
srable public activity was made necessary
"a relieve the distress threatened by the
Lack OF food. The usual energy was SHOWN
nv the various zemstvos, which, with the
Ananoial assistance Of the government
proyIded labor extensively on puolc uh-
aertakings, prepared for the fight on the
sndsrnics that always accompany ram
/ ina and took measures to meet the snort
are of food and money among the people
IN the winter and spring. The whole OF
the second half Of the year. which Is gen.
orally the period Of most effective opera
tions among the zemstvoS was taken up
with the fight against conditions result
ing from the poor crop.
Cleaning House.
The governing board Of the Consolidated
Exchange is pursuing policy OF Weedins
o,+ undesirable members which should
proye beneficial to the exchange as an
institution and especially to the members
who are strong to keep their business
methods clean and wholesome. President
Az Apuero is TO be commended for the
stand he has taken Wall Street business
in the main is Axed on good compare
tive standard with other lines Of business
and the bad impression which preVaiIs
among some people regarding lts opera
,,crs has been caused by unscTupuiouS
retbods adopted by adventures VINO
have conducted their transactions under
the guise of Wall Street hnanclers. al
Street is no better nor is 1t any WORSE
than other branches Of business Inc ere
ments of human integrity and human lFai-
~ are to be found here as IN the cnah-
n.ls Of commerce and industry. Inc pro
lection Of the public against quesuohaoie
methods to a great degree lies with inc
recognized exchanges Of the district anu
ell Irregularities should be pensilIeu'