New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-06-16
BRIEF NOTES OF FINANCE

Paragraphs of Current Interest
for the Investor.
.,,rs off to Chicago. So wen watch
che wires for hot returns during the coming
week.
100000 Mortgage.
r.. Uestchester Street Railway Com
has been authorized by the Public
p..,ca commission to issue a first mort
80 mon ali its property to secure the
Ssyuent Of bonds amounting to 100000
Good Outlook Ahead.
s,rcs January l the earnings on the
.,,on stock of the United States Smelt-
~ refining and Mining Company are re-
I..o 20 be at the rate of s. a share
rssre is a confident belief among those
rbo are closely related 10 this company
-. after depreciation charges are credit
- AZ the rate of 100000 a year, there will
an excellent opportunity for an increase
IN the dividend rate.
Seeking Cheaper Homes.
N The Tribune a few days ago there ap-
cared an article pertaining TO the foreign
Immigration into Canada, but not speaking
-,ucb of the emigration of the United
s,ates into the Dominion. Advices from
ottawa state that of the 1900 United
s,stes citizens who left this country and
rent into Canada, carrying with them their
earnings of 100000 in cash, 1850 imme-
diately took advantage of the homestead
sct and procured homesteads from the
canadian government. The others have
ssttled in various localities of Alberta and
british Columbia, and have purchased land
optright. 1t is estimated that thirty-eight
diferent states of the Union are repre-
,euted among the 1900 homesteaders.
Public Bond Offering.
The city Of Minneapolis is 10 try the
nubllc with a popular bond sale. The bonds
v,ll be issued in denominations Of $50 500,
$500 and $1,000 so that every purchaser
NAV ind an investment to suit his pocket
hook. The bonds will mature In ten years,
and will be tax exempt, bearing per cent
q year. Minneapolis has tried the expert
ment before. and the sale was success. so
there seems little question about the sue
cess Of the coming issue. The plan is GER
tairly a good one, as ii provides safe in
yestments for the small investor and deep
ems the interest and strengthens the spirit
of loyalty in municipal citizenship.
Showing Good Earnings.
REPORTS from the Great Northern indi-
cate that the road is Increasing earnings
at such a rate that gross earnings may
cross 100000. If such result should
follow the favorable condition which seems
10 be apparent II would mean an increase
Of around Z per cent over 1911.
Moving Picture Growth.
Owing to the very rapid growth OF the
business Of the movies" there are indica-
tions Of a substantial increase over pre-
ceding years of the earnings Of the Eastman
Kodak Company. In its report for the year
ended December 81, 1911, the company
showed net earnings Of S11,649,264, being
the largest in its history. These are com
pared with those Of 1905, amounting to s4,-
o13.s12. showing quite an increase Of earn
ings.
II is not all credited 10 the manufacture
Of kodak instruments alone which has Gre
sted this vast increase Of earnings. but the
apparent monopoly Of the supply Of films for
the moving picture companies.
The Eastman Company turns out over
800, 900, 900 feet of film year, for which II
receives a compensation OF four cents foot
From this source alone the company books
about 312,OO0,OOO annually, not counting
any Of its kodak business.
The company last year. it is said, earned
ooh 1rzI moi
40 per cent; in 1905 it earned 1873 per cent
paying only 10 per cent
Staff Reorganization.
A reorganization of the operating staff
Of the Chicago Railways Company is in
progress, according to advices from Chi
cago. The general superintendent has been
transferred 10 the auditing department and
the three division superintendencies have
been abolished. The duties Of the incum-
bents OF these Offices will be assumed by
the executive committee, with the object OF
reducing expenses. 1t is said by Henry A.
Blair, Of that committee 1t is reported in
Chicago however, that the cause Of the
radical changes is that operating expenses
Of the company have run above 70 per cent
Of gross. against 81 per cent for the Chit
cago City Railway Company.
Conditions Favorable.
Marshall Field &; Co. report the following
on Western drygoods conditions: PREM
ventory sales during the early part Of the
week revealed greater interest in merchan-
disc for immediate use than anticipated.
Attendance from all parts OF the country
was very good and purchases were distrib-
uted literally. Ready-to-wear departments
were centres Of interest and sales were
especially heavy in wash dresses of tissue
gingharns and lawns. White lingerie dresses
also met with much favor First style in
formation from Paris indicates that
throughout the fall and winter light weight
shadowy laces will have the call New
samples for fall from German markets in
dictate an unusually beautiful collection OF
laces.
Sales in fall lines OF furs, drapery fabrics,
lace curtains and rugs were particularly
good during the week.
Worse by Comparison.
According 70 the report of the Dominion
Iron and Steel Company. for the fiscal term
ended March 81 last, the conditions OF the
Canadian steel trade for that period were
considerably worse than in the States, the
Dominion Company showing deficit Of
1856 after common dividends mad been
paid A prosperous year, however, was in
store for the Dominion Coal Company, the
other half of the Dominion Steel Corpora
ton. which netted them surplus OF 500 il6
ane more than made up for the loss en-
dured by its constituent company.
Owing TO the fact that this report Of