New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-09-14
BRIEF NOTES OF FINANCE
Paragraphs of Current Interest
for the Investor.

Paragraphs of Current Interest
for the Investor.
Il, London physician at a Hotel Aston
..,ouet attacked the act of making
,nonev. and called it the instinct OF a
,,ognie That's right. Every commits
ion house broker will please step up.
There hasn't been any money made in
wan Street in the Lord knows when.
Study American Systems.
II Is conceded by English railroad men.
and the London & South Western Railway
q said to have sent the chief signal and
telegraph engineer Of the road to Amer
TEA 10 study a new system of wireless
control. Mr.. johnson. together with Her
hort Jones, another British electrical en-
qneer, will study the electric systems
odopted by railroads I'm the United States
and will recommend the adoption OF some
system in England TO allow a more per-
feet handling of the big suburban traffic,
IN London. particularly.
Spreokes Securities Company.
Recently in California articles of incor-
marathon have been filed for the j. p. &
A b. spreckels Securities Company, hav-
ing capitalization Of 100000 par value
~ shares 500 each. the organization to
continue for fifty years The incorpo-
rators, each Of whom has qualified by
subscribing 10 one share. include w. l.
Brobeck of Berkeley: A. L. Whittle, OF
Mil Valley, and Edwin Schwab, of San
Francisco. No new business or CONNER
cial developments at present are stated
By the corporation, which is launched
cstensibly TO facilitate the handling Of
tho J. ID. and a. b. Spreckels interests.
The articles authorize the company TO
engage I'm almost any kind OF business,
Including the holding of real estate. the
buying OF stocks and bonds, the operation
Of steamship lines and the holding OF oil
and mineral properties. No stipulations
we're made for anything pertaining to the
sugar industry.
European Crop Conditions.
Much OF the information published re-
harding European crop conditions is
fAYQItptcg uIN 4 UE AElitdEO lilUuAAt
SAYS that European crop conditions are
grave beyond question. Several board
members. who have recently returned from
European trips, confirm the bad reports,
and there seems 20 be no reason TO doubt
that the outlook is serious. Armour & 60.
had letter from Weiner's company, OF
Antwerp, which gave a pesslmistic view
Of the foreign situation. 1t said that
never had European needs been so great
as during the last few months, and that
there was nothing to indicate much. If
any, let-up in the demand for good wheat
through the crop year 1T stated that
millers abroad were afraid the offerings
Of Kansas hard wheat would drop off soon,
owing TO the heavy purchases. Weather
conditions have done great injury 10 the
crops, and good wheat Will be scarce.
Reduced reserves at the end Of the last
crop year made heavy purchases neces-
sary, and It Is predicted the consumptiTe
demand will keep pace with the offerings
Russian wheat offerings. Il is said. are
not likely TO cause any great pressure
and the Mediterranean countries are ab-
sOrbing the Danubian offerings. The
trade II is asserted. Will be surprised at
the enormous German requirements the
coming year
Mississippi Ore Deposits.
In an article OF some length on Alissis-
sippl iron orc deposits "The Mining
World" says that an ambitious project,
having as its object the development OF
the extensive iron ore deposits in North
EN- Mississippi, has recently been out
lined by l.. n. Lowe, state geoloelst AS
mines near the furnaces at Birmingham
Ala, furnish nearly as good a grade OF
iron ore as is found IN Mississippi, prices,
after deducting the freight rate, are not
such as 10 justify the immediate develop
ment OF these fields. That this natural
resource OF the state may contribute its
profit as early as possible, DR.. Lowe sug-
gests that the ore be mined and taken 10
Memphis for shipment 10 the Atlantic sea-
board by way Of the Mississippi River
and the Gulf OF Mexico.
Another Vegetable Paper.
An exchange says that 10000 acres of
land have been procured in the South to
start grass. corn and other vegetable prod
'acs which may DO used TO make pulp for
Inc manufacture Of paper. The usual
claim OF cheapness is made. and this new
organization, II is said, will produce ordi-
nary paper 40 per cent cheaper than IT
can be manufactured from wood pulp.
Dominion Steel Company Output.
= The report Of the Dominion Steel Com
pany for August was very satisfactory TO
stockholders. The figures while not the
largest are about on a range with the
pest previous month They are as fol-
lows:
Tons.
yyt non. ...-.................. q. go
ii,sos .'s''.. "a. $50
66.y2ns .'s-.,s.............,... "a 1870
S nI.N H. 740
H0os '''.'.s.,.,.....,........ 4030
Total shipments for month. 1850