New-York tribune., 1912-08-28
BRIEF NOTES OF FINANCE
paragraphs Of Current Interest
for the Investor.

.,vsen the police graft scandal and
su,ical campaign fund sensations the
Ut will soon look upon Wall Street as
p'D" progon OF excellence and a model of
ne simple life p
Foreign Pig Iron Markets.
rs. English and Scotch pig iron mar
s-e manifesting unusual activity and
S,.y,ng remarkable strength. The deal
'i' ,r both England and Scotland express
,- belief that during the next twelve
u' .hs all furnaces now idle will be In
a,~ oneration, and from present indica-
q doubtful II they are able even
'sso 70 supply the demands.
p,ror OF Dividend Resumption.
rhsre is talk now Of resumption of
-. Rspublic Iron and Steel dividend.
~. All estimates, this one is based on
=. earnings Of the company and what is
"a 20 be an official statement that the
'..,rany is operating to its fullest capac-
y. and could utilize more capacity 20 ad-
.,,sse. II the steel business continues In
=. same ratio and prices hold firm Re-
s~kie naturally will be benefited.
Germans Again Borrowing.
:, WAS learned yesterday that the Ger
~. are again feeling out New York
ropsy conditions. German banks are said
!. have bid IA per cent yesterday for
naval OF maturing loans In this market.
s.r,a loans were made. and there ap-
...red 10 be a firm belief among the New
Wy lenders that when the October ! set
.,.rnsnt arrives at the point Of pressure
,v,,s The German banks there will be a
.-s,ter demand for loans at higher rates.
.t.r the first Of September some very
s.,vy loans will mature In Berlin, and
s.,ters here think renewals In this mar
-, viii be sought at an advance above
q. ursvaillng New York rate at that time.
- Decrease in Metal Output.
rss value Of mine production Of metals
irr.fudins gold. silver and copper. In Ore
:, IN 1911. according to the United States
Biological Survey, was s66e.o16. against
rios7s In 1910. The lead or zinc output
A. either 1910 or 1911 was not reported
decreased from ss7e.4ss IN 1910 TO $685.
ao1 IN 1911, while that OF silver increased
from sis,42s TO s2s.ss7. The amount OF
eonusr ore shipped in 1911 amounted to
1905 tons, yielding ss.1ss pounds Of cop
mar having a total value OF s11.642, or
an average recovery OF 22.2 pounds Of red
metal 10 the ton. ..
Utah copper's Earnings.
The market interest in the coppers and
particularly in Utah Copper makes the
companys operations question OF the
moment. The company is said to be now
producing at the rate Of approximately
i?6,OoO. 900 pounds OF copper annually, and
earnings are estimated to be at the rate
m about So a share. Dividends are SO
share annually, and with the last quarter
a, the heaviest construction charges over
she company's earnings will naturally add
10 the cash surplus, and IL the prices or
METAL keep up and no misfortunes over
take Utah's operations II would not be uil-
srpected TO see the stock favored with
better dividend rate.
BIG Industrial improvements.
Reports from different points in Penn
givania give encouraging news OF indus
nal expansion. Among the announced
OF plants is an addition to
No Westinghouse Machine Companys
hant and a new building for the WestinG-
h,use Electric Company of East Pitts
bureh. The Sterling Steel Foundry, OK
Paddock Is maxine some Improvements,
The Union Switch Company. at swissdale.
IS adding several extensions to cost sew
,ral hundred thousand dollars. and the
Edgar Thomson Steel Works at Brad
dock will expend over ts.eoo,ooo on Inn
provements. Other mills and factories
are making improvements 70 meet future
demands. AZ the present time the steel
plants are distributing record breaking
payrons. Among force OF about 5000
men IN the Pittsburgh district the amount
o. money is said TO approximate around
$1,000 a day.
Serious Labor Problem.
Tbs labor problem is fast approaching
a serious point I'm the adjustment Of the
Industrial economic conditions. In the
cities apparently there are the count
less thousands who arc out OF en-
ployment and gain their sustenance by
aims, seeking or looking for employment
By earnest solicitation. Out IN the conn-
Try. In the fields of fruit and cereal har-
vests, men are wanted, are. imperativelY
needed to save the crons. In Cuba. where
he vast sugar plantations and tobacco
lands give employment 70 armies OF men,
thtie k also a shortage Of help and ex-
tensions Of sugar cultivation are hindered
by the lack Of men for field work. This
condition % tabor pauc'ty Is also
found In Porto Rico. and even in Hawaii
and the far away Philippines they are
calling for men TO do their work. Such
labor demands DO not encourage a senti-
msntai attitude toward the robust beg
gafs OF the streets.
Holland United States Trade.
The consular and trade reports have the
following In the issue of August "a:
"A useful institution for the promotion
H trade between Holland and the United
states has just been found In New YORK
'hrovgh the opening Of branch ONCE or
NE International Commercial Intelligence
htNTa