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

OXFORD
brief NOTES OF FINANCE
Paragraphs of Interest for the
Investor.
It is reported from Chicago that freight
handlers on railroads entering the Windy
City may accept the compromise wage offer
made by the railroads of ~ per cent OF
what the men ask.
New Roads Bonds.
Thirteen million dollars Of bonds for the
Salina, Winnipeg g. Gulf Railway have been
sold in Paris, according to a report cabled
by II. Leone Miller, the president OF the
road This is a proposed line. and the
money, which is said TO be available at
once will allow construction to begin in
Industrial Improvement.
According to President Johnson OF the
Baldwin Locomotive Works. that company
is running It's plant at about 6o per cent
of it's capacity and employing an average
Of ten thousand men, as against eight thou
sand five hundred three months ago
Will Benefit Mining.
The report that Edison has discovered
cheap process for treating low grade ores
is Of great Importance 10 the mining in
terests If the process proves TO be an eco
nomic success.
A Costly Increase.
An increase i'm wages OF the International
Paper Companys seven thousand employer
II is estimated means more than Sh"o
added 10 the annual expenses OF the COM
many, This would materially AFFECT the
earnings accoun, of the corporation
How Order Divides.
ruen,y thousand tons OF the recent 1900
rau o,der given by the Frisco lines
:, &c said. will be for the 81. Louis e san
Tr,rc,sco 5000 tons for the Chicago d
eastern Illinois and 700 tons for the Ne"
Orleans x Texas rodu'
New Railroad Orders.
The reports OF new orders placen - '"o
railroads include 100 refrigerator cars W
the Santa ZEE from the American Gar "''
Foundry Company. 100 box cars by '"'
chicago. indianapolis Louisville rom
IaekeI g. Barker, 40 box cars by the Ne"
orleans. Mobile & Chicago from the ANN. .,
,car car and Foundry Company ana -
nas..rger cars ~ the Boston Maine
from the STANDARD Steel Car Company
Favorable Earnings Report.
prook,vn Rapid Transit has shown sood
,rcroase for the month OF April Inc ~
a., ebous gain Of $500, as compared
r,,b sso go in March. For ten months "
w., ,bo gross receipts have Increased
~ 900 over the same period Of l'n'
c,rorp supporters Of Brooklyn RAPID iran
O., haIieve the road will save 20 per cent Vi
the 1912 gain in gross for net
China Needs Money.
The Chinese government has askeu 'ei"-
,.orarv loan Of $50 10000 until next De'o"
hor e., $4,000 TO be furnished "ithlh III,
noxt sixty days. This loan Is fedueS'e"
ending completion of negotiations lor
| h,, Tournament loan. The four-po"er oanA
irg group representatives have rep'ieu '''''
n,i,b such A loan a financial controier
wouId be necessary. and the question: mas
In, been referred TO the ministerial couh
| sci.
Anthracite Coal Loss.
,I,oc,to situation threatens TO hang
1t. oyer the market for some Gays
~, 10 a. President Whites illness VIII
,,ra,,ert q unionlzed effort OF the dlsolc'
,,aor,s IN have the miners accept the
-oororittee's agreement. which has been
-a,oo,od nv the scale committee Any re-
aun,r,io, nj mining operations cannot take
- tore Iune l. At least two mohths
,.odrc,ion would be lost out OF the tWe''c
pa accon,lnc 81 10000 tons produced last
,,oor as the average, only about "'''''''
49,. ,a,, no mined this year. which means
hat retail prices will be higher TINS ia"'
Cooper Position Debatabie.
rha conner position is not as strong from
r,orket point of view, as II was soiIie
,,.ooto ago The last two weeks the oe
r,and has not been large, compared WIN
.,.o,,,oue sales. Europe, for instance "hi'h
, nreviously been the source or much
t,,,,,rg has kept away from the market
| Itch necessarily means an increase In sur
r,us stock. on the side Of the supporters
81 copper's future position one selling agent
has the following 70 say:
so far we have had little addition to out
,,,t and II will require increased produc-
ton ~ satisfy the demands. Germany -
.a,,oing more steel than ever before In
| ~. ,is,orv and this means that prosperity
| " ia oil lines In this country. also,
MO- aro getting record steel production.
while such conditions continue, We shall
,,ot have 10 so very far TO find market
for copper"
There are some developments which seem
| 49, n. nj Importance. and projects under
INV would indicate strengthening of the
copper situation. The passing of control of
the Inspiration Consolidated Copper Com
pany to Amalgamated interests and the
,i,it Of the big copper men and others in
| -. 9,anra n tho Weeteru conner