New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-08
BRIEF NOTES OF FINANCE
Paragraphs of Current Interest
fer the investor.

a
fer the investor.
r-.d,ne was so dull on the floor Yesterday
cha, one of the younger members suggest
.ha, II would not be bad idea to or
sanize a Stock Exchange quartet ana
So these spells of quiet they might sing
n1vaiting. only Waiting"
Some Real Business.
.round the street among the houses 1t
Tho same answer when asked about
,.'si,ess. pull, awfully dull" One Of the
o,ore comforted of the big operators said he
a,d not look for any activity at present
-, that he believed the wage situation OF
,Lo,rsi,roads would be cleared. the minors
ocreerent reached and then look out for
some real business.
Lost Lies Interest.
no. goldpc enthusiast. who claims To
LILO nothing less than a 250yard drive
.,h.r he IS in proper mental attitude,
srn,r,ed I'D the situation something like the
to,,ovtng: Il have always been told that
when it rains it rours, and ] never appre-
led il so much as now Here We a:e
With no market not enough business 10
tsep ms even slightly interested and it is
r,av golf With conditions like these life
is hardly worth living"
Declared Regular Dividend.
The board Of directors of the Kings
County Electric and Power Company, at a
meeting held May +. declared a regular
quarterly dividend of per cent on its out
standing capital stock payable June l.
1912 10 the recorded stockholders Of May
q. 1912
New Electric Bonds.
II is announced by Meikleham & Dins-
more that a SlOOn0 issue Of per cent
bonds Of the Sayre Electric Company has
been listed on the Philadelphia Stock Ex-
change The bonds are a gold issue and
mature in forty years.
Advance Of Wages.
little encoura cement from the raper
t.ld is shown in the advance Of wages 10y
the Holyoke Paper Mills. This increase in
ages. il Is reported. will be followed 10y
an increase in prices Of all high grades CT
raper Of about 10 per cent, but lower grades
will remain at the same price as al pres
ent
Omaha Water Bonds.
The city of omaha has sold at private
sale 5000 400 Of Omaha water works bonds
Al par and $3.50 premium to kountze Bros.
Of this city. It is reported the bonds were
delivered Yesterday.
Double Tracking Road.
Double-trackng the Southern Railway is
,oinr ahead continually. About four hun
Sred miles of double-tracking has been
dome, eishty-hye miles of which lie between
Alexander, Va, and LynChburg. Va. The
Southern Railway has suffered heavily
from foods in the Southwest, but otherwise
IT'S prospects are encouraging.
Cotton Mills Dividend.
II Is announced by New England cotton
mills. representing a capacity of SgI.Slo"'.
that dividends of S2S7l17 will he declared
during the second quarter of 1872, or an av-
erage Of "a per cent.
Greene Cananea,
Rerorts of Greene Cananea are to the cf-
feet that the April productions amounted
70 ASOo.OO0. at cost Of production Of
about g.. cents a pound. The 1ompany'S
annual report. which is soon TO be issued.
Will show earnings estimated around 500
MA and earnings for the year 1911 Of about
10000, or an average of approximately
we're derived from copper averaging
around l2l. cents. Considering the present
price of copper and barring Increased cost
Of production, Greene-Cananca for ISi-
should show good net earnings.
Great Northern Reports,
The reports from Great Northern Indicate
Increasing gross earnings, and the net re-
turns are said to be benehttng through
economies put into execution In the trans
,,rtstjen department. Friends of the road
estimate a dividend balance for 1912 equal
10 al a share. while in the 1911 fiscal year
tbs company earned s. % share.
Canadian Banks Position.
Tn. banking position III Canada, as 1t VIII
sand after the absorption Of the IraoerS
Bank Of Canada by the Royal Bank Oil
Canada is as follows: First Bank Of Moh-
t.ai. paid-up capital, Sl5567,27e; reserve
p5tOhn Bank of Commerce, paid-up cap
/ tal. 1853 s25; reserve, sl2,is53s. The Roy
L Of will have a paid-up capital OF $ll'Sio'4"'
reserve. siOsel i1s. The basis upon wh'ch
Il the ABSORPTION Is being worked out VIII give
Il the Traders Bank shareholders $50 III ROY
/ Of Bank stock, against go for the latter
| For the last Ave years the consolidation
,merg banks I'm Canada has materially re-
/ dueed the charters OF banking institutions
| In that country There has been conslo-
trabls reduction since March, 1903, when
there were thirty-fve banks in the country
After the present deal Of the Royal mas
been consummated the total number VIII
BE- tventy-seven.
Mexican Financing.
Financing in Mexico in almost every
branch Of the government army and civil
heads since the introduction Of American
a h,er.st. has developed into an advanced
N. The "gringoes,' as they term the
Americans, taught them how 10 appreciate
he value Of money and the appreciation
has been going on so rapidly since that
Bow the Mexican can give the average
n American few points and still leave net
sanee. u has been A question In the
minds OF many where the Tevolutionists got
A their money to continue fighting, but to
a hose who are familiar with Mexican meth
sds the problem was not an exceedingly
tAeult one. One instance OF how the reNo-
lutionists keep going without having their
hands In the public till is shown by cattle
csal which was recently reported Forty
i've THOUSAND head OF cattle in one OF the
border states were sold to an American
cesltr, the condition being that he pay -
4 head n tavoS which should go 10 one