New-York tribune., 1912-12-04
BRIEF NOTES OF FINANCE
Paragraphs Of Current Interest
for the investor.

Wall Street news agency reported
late Yesterday afternoon that. in view or
-. recent decision of the Supreme Court
', the United States directing the Union
noc,ec Railroad Company TO dispose OF Its
to,d,nes of the stock Of the Southern Pa
a,sc company, and the submission to the
oourt within ninety days OF plan ter
-,,rat,ng the relationship between the
zion pacific Railroad Company and the
copthern Pacific company, and in the
.an time enjoining the voting Of the
- of the Southern Pacific company
snn ny the Union Pacific Railroad Com
.onv a committee consisting OF James N.
"a I,ace. chairman: Henry Evans, J.
.,orace Harding Frederick Strauss and
Albert Wiggin has been formed TO protect
~. interests Of the stoo-A OF the Southern
pacific company in the hands Of the pub
NJ. This committee ii is said. will at a
later date make further public announce
ment 10 the stockholders.
Western Farmers Prosperous. ..
They are having their annual livestock
show in Chicago, and ''The Live Stock
rournal." of that city, has made canvass
among the farmers attending t,.e show to
80, information regarding conditions OBJ
t,iniug in the various Western rural Sec
Nons. The consensus of all the reports
shows uniform prosperity and optimism
and an introduction of Improvements in
methods Of farm cultivation and living
heyond any previous period OF this coun-
try's history. --r
lmportations Of Gold.
Since September Is the total announced
engagements Of gold have amounted TO
nO.75o. 900. Had it not been for the dis
turbed condition abroad. the shipments Of
sold TO New York bankers would have
been considerably more, as on September
20 Kuhn. Loeb & Co. cancelled an engage
ment Of s750,o00 and Lazard Freres can
celled s1,250,000 in consideration Of the
foreign money markets affected by the
Balkan prices. For period OF seven
weeks New York bankers refrained from
entering the London market for gold. The
Guarantee Trust Company was the first
TO begin, with an engagement Of s750,000
Since that time November 81, s4,o5o,000
have been arranged for. So far all the en-
gagements have been made in London.
There is due to arrive this week and next
week total Of about s3,30O.00o In gold
already engaged.
Getting Down to Values.
Boston advices state that the Pacific
Mills has decided to capitalize its assets
to represent approximately their value.
Instead Of $1,000 par value Of share the
price will be 500, and to each stockhold-
er will be issued ten shares for each out
standing share. Six million dollars or
surplus assets will be converted into per-
manent capital by increasing the stock
from $4,000, 900 TO ss.0o0,000 The addi-
tional stock will be distributed to stock
holders by issuing twenty new shares OF
500 par to each stockholder Of old shares
Of $1,000 par. There will be further in
crease Of stock from $4,000, 900 to $12,-
100000 by an issue for cash at par OF
ss0oO,OOo new stock offered to stockhold-
ers to be paid for on or before March
!, 1913.
Encouraging the Farmer.
The Canadian Pacific Railway is report
ed to be making preparations for big
farm movement along its line. The COM
pany is now calling for tenders for the
construction OF fifteen sets OF farm build
ings, which will be erected at Golden,
B. c. The total contract price Will be
around $4,000, and the buildings must be
completed by May /, 1913. Each house
will have four rooms, and there will be a
barn and other necessary buildings TO
make complete farm home The plan for
disposing Of these homes will probably do
pend on conditions. II is by movements
Of this kind that the Canadian Pacific has