New-York tribune., 1912-04-30

The st Louis & san Fraiclsco s!S'pH'
| including the Chicago Eastern ILLINOIS
and the New Orleans. Texas & Mexico d.
vision. has placed an order for $4,000 tons
OF rails.
The Utah Copper holdings are III inc
hands of about four thousand stockhold-
ers The largest individual stock hold
ings are those OF the Guggenheim Eplora-
| tiop Company, which owns 10000 shares
The Canadian coal operators are In an
excellent moo1, owing to the unusual
business which has developed following
the strike The Nova Scotia Steel Com
pany reports prosperous business, and the
general tone Of Canadian business con-
| tinues to be good
The General Railway Equipment Com
pany, recently incorporated under the
laws of Maine. will soon begin its fnanc-
ing by offering its securities for public
subscription. Capitalization OF the COM
pany is sl5.o00,OOO. s6.OOoooO Of which
will be issued at once in common and pre-
ferrcd. divided into sl,5oo,oO0 preferred
and S4.5oO,0o0 common.
There have been bold and skilful oper-
ators in the past who have bulled the
stock market, but il is safe to say that
never in It's history has the stock market
felt hand more skilful than the one or
the group who have engineered the pres
ent bull movement 1t has simply been
and is a question Of doing II, not trying.
An echo Of the past was experienced in
Philadelphia last week, when IN the auc-
tion sales so Morgan receipts" sold at
$50 for the lot, 81 cents share. The
receipts represent shares OF stock which
were deposited under the reorganization
plan Of the present Northern Pacific Rail
way Company There was an assessment
Of SIS a share at the time, and the re-
ccipts sold are those on which the assess
ment was not paid. The mystery is just
what value az assets these receipts have,
but the. organization is still alive and the
company holds its annual meetings.
The way to find out what some people
think stock is worth is FOR some bold
operator to start active buying In sensi-
tive times issues are liable to jump Ike
sporting foxes and make affairs lively for
those who are on the wrong side
The Canadian Insersoll-Rand COMPANY
Ltd. has been incorporated ir Canada, and
the only American director named IS
George Doubleday, OF New York
Rumors are now in the air that a divi-
dend on seaboard Air Lines preferred
stock may be announced before or in Au-
gust of this year. The stock has been
selling higher lately than at any period
, since the reorganizat tion OF the company,
ir 1909
Tie air is getting thick with reports re-
carding possible changes of control and
various dividend rates. One rumor has IL
| that Virginia Chemical Company will get
control Of Tennessee Copper and another
is that the logical concern TO secure the
| Tennessee is the International Agricultural
| Corporation which company now has the
valuable acid contract with the Tennessee
Copper Company.
! The upward flight of National Biscuit ia
rather dsquieting to the lunch counter
patron. who can imagine a possible an
nouncement Of an advance in the price Of
his half-and-half and Uneeda biscuit
Compared with six years ago. the Hill
stocks are low. Great Northern is selling
around 109 points lower and Northern Pa
cihc about 200 points lower. But since that
period the Great Northern distribution has
taken place and an extra distribution 10
Northern Pacific stockholders has been
made.
From Chicago comes the information
that the International Harvester Company
has given Jones q Laughlin an order for
5000 tons Of steel bars for delivery in 1912,
and the Northwestern has given the Amer
lean Bridge COMPANY an order for leo
tons Of girders. From st. Paul is an order
for &@I tons OF turntables, and from the
Burlington & NcrtheTr Pacific are orders
! TO other companies for few hundred tons
fOr hrildinc purnosNg