New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-06-05


...,4hute TO the regular income Of the
tiers by small perquisites feel relieved
Ind and more comfortable financially.
,hev can now go to the ham and"
.o.s where the high cost of living is
80, only hearsay and walters tips arc
,rAnltesimal.
Goldfield Consolidated.
according to advices from Boston the
.ur,irarv official estimates of operations
colddeld Consolidated for May give
&c values of $4,000 and operating cx-
ses 900 600. making net earnings $4,000
rs,r,y thousand two hundred and nine tons
- ore It is said. have been treated.
Heavy Work for Railroads.
,rssco railway agents in the north CEN
-, norton of Texas. which includes the
.rsr county in cotton production, say
-, norton Of Texas at least will this
- exceed all former seasons in its main
80 The wheat is now being harvested,
In is said that the railroads are having
,ore than they can do 10 take care of
,,ar,ous vegetable crops. All that Texas
.onsreptly needs is showers scattered
"iaro in intervals at the right periods to
the 1919 Cibp W w OlS Va NiC pNSN
ever raised in that locality,
General Pipe Line Company.
The first call of 20 per cent on subscrip
.,ors N the General Pipe Line Company
=. california underwriting has been made
~ the syndicate managers. The first
..vr,ent is to be made June Is. II is the
.r,.ntion Of the syndicate managers TO call
49,
Ious. second call, July 10, 1872 Is per cent;
,b,rd call. August 10, 1872 Is per cent;
,onrth call, September 10, 1912, 10 per cent;
attn call, October 10. 1912. 10 per cent;
sIv,b call November H. 1912. l5 per cent;
ssv.nth call. December 10, 1912, 10 per cent.
and eighth call, January 10, 1913, per cent.
Ore Shipments Heavy.
an records were broken by the Bcssemer
lake Erie Railroad for the transporta
ton Of ore last month. One million and one
.rnnd-ed and fifteen thousands tons were
tstried in o3.54 cars from Conneaut Har-
bor 70 the mills Of the Pittsburgh district.
The former record made several years ago
was 105Sc0o tons.
Conner Metal Stronger.
Of the copper market for nearby deliveries
and the bulk Of the business now being
done is for August-September shipment.
The copper trade looks for a decrease in
United Stocks during May. ranging from
100000 to 20,000.0o0 pounds. The demand
continues good both here and and abroad.
and no price recession now seems probable
in the near future.
Crop Wealth Of Northwest.
The staple crops of Oregon. Washington
and Idaho. some Of which are already gath
cred. are estimated to guarantee an income
of $50 coo 10 the farmers OF that terri
tory. The wheat crop is placed at s525o0,"o,
oats end barley at S2S575,O00 hay az 49,
saon fruit at $l5,c0Oo00. wool at s66co~o
and hops at A,eS00O0. and minor vegetables
are not included. The wool clip Of these
states is given by The Portland Oregon
ian" al 100000 pounds, and growers are
getting 1 per cent more for the clip than
they did last year. Hops are being con-
tracted for At o cents pound, and large
crop is fairly certain.
Railroads should fare we'll in large traffic
from the crops The fruit tonnage will be
|. 20 per cent above the best previous years.
. oregon alone will ship 1850 cars Of apples
and pears: Washington, u,lco cars; Idaho.
100 cars. and Montana. from single dis
,rct. 40 cars. making 1880 cars in all.
Earnings Not Sufficient.
From present indications Missouri. Kan
sas e. Texas will be included in the list
Of roads not earning fixed charges in the
current fiscal year.
In the ten months to the end OF April
net earnings available for charges amount
ed 10 S5,0l90Oo Charges for the full year
will approximate $4,000, so it will he nee
.ssary 10 earn $l.13l,00O net in May and
June. Income other than from transporta-
, ton for the entire fiscal year will make up
approximately $4,000 of this amount out
pness earnings in the two months in ques-
.ton are more favorable than now indicat-
Cd there will be small deficit after
: charges for the full fiscal period
Missouri, Kansas Il Texas is disburslng
dividends at the rate Of per cent per an
mum or the 100000 preferred stock out
standing Dividend requirements amount to
$1,000 annually hut it is not thought that
dividends will be either reduced or passed
U. P. G. s. p. Merger Suit.
The last decision day Of the Supreme
Court before # meets for its summer vaca-
ton will be Monday, June 10. 1t is general
q ly expected that the decision in the Union
Pacific merger suit VIII he handed down on
tbst day.
- The suit to dissolve the merger between
Z the Union Pacific and the Southern Pacific
: was begun i'm 1905 in the United States Cir
- e.t. .f TTtah ylar
the Sherman antitrust law The defend
ants, BESIDES the Union Pacific, were the
Oregon Short Line Railroad. the Oregon
Railroad and Navigation Company and
other companies. In its bin Of equity the
government sought to set aside the control
by the Union Pacific and subsidiary cor
porstions Of the Southern Pacific and OF
the San Pedro. Los Angeles & Salt Lake
Railroad. and also sought 10 have declared
Illegal the ownership OF stock in the Atchi-
son, the Great Northern Railway and the
Northern Pacific. on June "A. 1911. the CIR
cult Court Of Appeals handed down stimuli
tsneously at ST Paul and st. Louis de-
cision UNFOLDING the legality Of the Harri-
man merger There was one dissenting
opinion and the case was carried to the
United States Supreme Court
United Fruit Earnings.
The United Fruit Company's recent profits
from fruit earnings are very favorable, II
reported. and If continued mean that
,he fun twelve months TO September 30
htxt will show a fruit net Of between $500
W ana $4,000. Up 10 June the fruit
sst was still somewhat behind the same
sght months of the 1911 year but good
June win put the balance on the right side.