New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-10
BRIEF NOTES OF FINANCE

UhlLl NUlEU vi 'h"u'oL
Paragraphs of Current Interest
for the Investor.
The battleship Nebraska was seriously
damaged by hitting a shoaL An exception
Cor battleships, but hundreds of Wall
s,reot traders are continuously hitting
market shoals. and, of course, they are
usually damaged
Eleven Months Contract.
The Canadian Pacific has placed an
order with the Barney & Smith Car Com
ranv OF Dayton. Ohio. for freight cars
amounting to 10000. This order, It is
said. will keep that plant busy until July
T. 1919
Jspans Report for 1911.
The twelfth financial and economic
report Of Japan for 1912 has been
published. and is roplete with valu-
able information relative TO that country.
A comprehensive map OF Japan is given;
also. all the statement Of revenues, eX-
penditures and resources; the economic
and banking facilities and general finan-
cial condition OF the country in 1911. Pop
ulstion. national debt, railway statistics
and other information OF interest and inn
portance are included in the book which
covers pa pages OF a first part and 10
pages Of addenda.
Louisville G. Nashville.
Louisville & Nashville's market interest
Yesterday reflected a strong feeling of
confidence which has been behind that
stock for some time. The enthusiastic be-
levers IN the roads future are talking all
sorts Of higher levels for the stock on its
good earnings There is also talk OF al
announcement OF new stock issue within
few months. Should the cotton crop
he large and the South have 8 prosper
Gus year earnings OF this road would show
marked Improvement, and higher price
for the stock would be warranted
Wall Street Election Betting.
scattered reports Of Wall Streets pref
ersnce for candidates have coma IN the
form Of 80 termed election bets. There
was q time when election bets in Wall
street had a real meaning, but it is doubt
tul IL any Importance can be attached TO
the sub rosa bets OF this period. Bets
which have been reported in abstract as
Il Is illegal to name men, places and
amounts, have figured a percentage or
odds IN Wilson's favor. Inquiry among
the leading houses has developed no basis
for such an estimate. In numerous Stock
Exchanges houses the impression prevails
that Mr.. Wilson is not seasoned states
man, but a theoretical one. who IS re-
spected for his integrity. but his political
executveness is questioned In ono we'll
known house a circular letter was pinned
on the wall and its contents were along
the line OF reasoning that the Governor
Of New Jersey is yet too new TO be tried
Al such a critical period Of the country
history. AS matter OF fact, Wall street
sentiment at present is not crystallzed
and odds are difficult to determine.
Why National Biscuit Declined.
An explanation of the drop in National
Biscuit stock recently is credited to one
Of the officials OF that company Ac-
rording TO the report, the company is DO
ing a larger gross business than last
YEAR and the rofits are equally as large
The trouble is laid at the door OF GER
tain competitive interests, who have at
tempted to cast discredit on the stock ana
depress II in the market. The throwing
Of blocks of stock on a market which II
did not digest readily forced some OF the
stock to be taken over privately.
Westinghouse Dividend.
4 Pittsburg story says that the direc-
tors OF the Westinghouse Electric Com
pany are favorable TO placing the COM
mon stock OF the company on regular
dividend basis OF at least per cent per
annum. This move, it is said, will occur
when the dividend meeting is held In Oc-
tober. Earnings this year are reported
20 be running al the rate Of s@0VD
month and ahead Of last year at this
time.
Reported Change Of Control
Chicago story says that the control
Of the Peoples Gas Light and Coke Com
pany has passed from Eastern 70 west
.n interests. The statement IS MADE
that Brsdy's holdings have been mate
rally reduced 10 accommodate the Chi
cago requirements and that {. H. u Bill
ings now possesses less than half the
stock he owned a year ago. According TO
the information given il seems probable
that at the next annual meeting some
changes, two or more, will occur on the
board Of directors. It is said that this
transfer Of control to the West does not
mean a sale 10 the Commonwealth or
other corporations It will naturally
mean a Chicago instead OF New YORK
management
Southern Trust Company.
A charter was recently granted by the
Virginia Corporation Commission for Il
new trust company, TO be known as the
Richmond Trust and Savings Company,
with a capital OF sl.Ooacoo the principal
once 20 be in Richmond. Va. The sub
scription books 10 the stock were opened
at O'Clock in the morning at the bank
ing house of John d. Williams & Sons. IN
that c!ty, exactly week after the grant
Ing Of the charter, and it Is stated that
before the close Of the day the spplica-
tons for the stock exceeded S1,50O0co, Or
10 per cent in excess Of the amount 10 ho
allotted. The promptness With which the
stock was subscribed may be taken as
indicative Of the growth and prosperity
OF that Southern district around Rich
mond. Richmond has broken the record,