New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-03
Federal Sugar Suit.

m.,,rs is the vice-president of the Column
n. Trust Company.
Federal Sugar Suit.
,c,ion against the Federal Sugar Rein
g., company has been begun by Attorney
ce,.ral Wickersham on behalf OF the gov
lament. The charges are underweighing
snd naturalization of sugar imports. The
.n,ount claimed by the government TO be
due is 10000
Rubber Companies Consolidate.
consolidation OF h. F. Goodrich Com
,,pv of Ohio and B. T. Goodrich Com
,.ny Of New York has been formed and
,,corporated under the laws of New York
nth capital Of $4,000 100, TO deal in rub
h.r goods The stock IS divided into $751;
no mn preferred and SSO,OOOoOo common.
The consideration stated for taking over
tho corporation was 75es.00o. The offices
a, the company Will be in New York City.
limo Limit Extended.
The time for depositing Allis-Chalmers
stocks and bonds with the reorganization
committee has been extended to June /.
Already more than 50 per cent of the bonds
and about two-thirds of preferred and COM
ia reported to be working successfully.
Hudson & Manhattan Earnings.
The report Of the Hudson & Manhattan
Railroad Company for the year ended
March 81. 1912, just issued by the company,
shows gross earnings In 1912 Of S4,s45, 491; in
iyIt s416S. 492, and in 1910, ss,051, 4Ss BY COM
parison the gross increase In 1912 over 1911,
ifd ie
r,7e4Un5. The surplus OF 1912 is s5o,279, as
compared with t77,SsS IN 1910 but deficit
Of s4lsso in 1911.
LacIeds Gas Earnings.
The quarterly earnings OF the Laciede
Gas Light Company, ended March 81, 1912,
we're gross S,l4272s. decrease Of sa4,eal.
The net earnings show decrease OF SB'-
e5s from a total OF $ssS,05T
j. q. Thayer's Successor.
While there is no official information re-
sarding the name Of the man who will
succeed the late John r. Thayer. second
vice-president of the Pennsylvania Rail-
road Company, the impression seems to he
that George Dallas Dixon. freight traffic
manager would be the logical choice. both
BY reason OF fitness and line of promotion.
On Arbitration Board.
The president Of ths Baltimore & Ohio,
Daniel willard, has been selected by the
railroads as a member Of the arbitration
board 10 take UP the question of the engi-
neers wage demands and effect settle
ment.
Action Against Manufacturers.
For violation of the United States Inter
nal Revenue law the United States District
Attorney has begun five suits, against the
Touring Automobile Company OF America,
the Walden Manufacturing Company, the
United Cornice and skylight Works. the
Shetland Suit and Coat Company and L. S.
Killer & Co.
April Pig Iron Sales.
The total sales Of pig iron for April are
estimated at 100000 tons. Tbs United
States Cast Iron Pipe and Foundry Com
pany has purchased 50, 90 tons Of iron from
the Tennessee Coal Iron and Railroad Com
pany. The annual consumption Of this
company is around $1,000 tons of pig iron
for iron pipe manufacture.
Western Business improving.
The National City Bank Of Chicago is
bullish on business conditions. In its May
1 circular II says that business men seen
to have forgotten all about the political
situation, owing 10 the encouragement in
the improvement Of general conditions.
They are exerting themselves 10 insure
further betterment and to build up their
business connections in every way possible
Vets Quarterly Reports.
The stockholders Of the Vulcan DEFINING
Company adopted a resolution introduced
BY John Muir at yesterdays meeting. ask
ing for the issuing of exhaustive quarterly
reports OF earnings of the company. Mr..
Muir is the largest stockholder Of the Nul-
can DEFINING Company.
Governments Financial Report.
The governments finances as per May /
reports are in excellent condition, and the
Treasury enters this month with work
ing balance Of $50 00o,Oc and balance in
the general fund Of 100000. For the ten
months Of the current fiscal year there has
been q deficit OF s12,5Q0O0o. which is very
small in the total Of over half billion.
Sears -Roebuek Earnings.
sears, Roebuck & Co.'S April report gives
gross gales as N.753.l22, an increase Of
I,siSa5. For the period Of four months of
49, the gross sales amounted TO s21,91l4le,
an increase OF s5TSO,73i. Sears. Roebuck &
Co. is the largest mail order house in the
world and it's business reflects the general
prosperity among the small towns and
farmers.
= New Trust Company Formed.
% g. Street has been elected president
Of the Glen Ridge Trust Company, OF Glen
Ridge, n. j., Just incorporated, with cap
ital of 10000 Mr.. Street was formerly OF
the Essex Title and Trust Company. The
board Of directors will include r. n. b.
Close, yce.president Of the Bankers Trust
Company, and A. Mitchell Hall, OF Rhoadcs
4 Co.
Increase in Car Orders.
The car orders for the first four months
Of this year reached in round figures 7O.i0o
cars. or at the annual rate of 2u,50O cars.
compared with 1900 cars in 1911. This es-
tnsted ratio increase for the year shows
an Improvement of nearly 100 per cent.
American Steel Foundries' Orders.
American Steel Foundries show contin-
uous Improvement in business, running now
At about " per cent OF the capacity, com
pared with 60 per cent thirty days ago. The
company reports more orders on hand than
at any time for more than year past,
being booked four months ahead at present
rate Of operations.
Cane District Flooded.
Reports from Louisiana state that the
Hehest sugar cane district in that section