New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-12-14
BRIEF NOTES OF FINANCE
paragraphs of Current Interest
for the Investor.

rb. car shortage Is ueOio"0nS'
in' .sis neriod on It is expected that a
u0,n sod relief will be experienced. With
oe''U. ling of cold weather and storms In
NV Nortbwest, the periodical transporta-
tno siNoulties will follow, so In one way
wv anotber the railroads will be harassed.
Too Many Luxuries'
=, the causes for the high cost OF
,s shown in the importation Of
h''"e as reported from the Department
commerce and Labor at Washington.
y,,s report shows that so-called Injuries
hoing imported at the rate OF N'ocO'0U
- During october there was import
O g., ooo 90 worth OF art works. 100000
81 tobacco and smokers materials,
We ,n,oon Of precious stones, A,coo,ooO of
n ord embroideries and about Sl,oOO,ooo
a. Of feathers, decorated china, toys,
S.r,nsepe and liquors and cabinet
.'oods. The amount of art works Inn
lied exceeds that OF last year by
$4,000
Helping the Farmers.
r, r..nipg with the general movement
nth was inspired at meeting OF the
.anvantIon In New Orleans, the Lehigh
vsusv Is planning to aid in proper storage
,or,lities for the farmers who ship
.h-opeb their line. If the proposed CO.
onsrative plan is widely adopted it will
Dr.vent the flooding Of the market at one
lime and the famine prices that prevail
=, another. The conditions this last fall.
xhsn large quantities Of farm products,
ro+ahly onious and cabbages, went to
taste because they could not be marketed
All AZ once, provided powerful argument
,or some sort Of action. The scheme Is
Cor the farmers In a certain district to
hand together and establish q storage
var,housa where they can keep their
products, properly refrigerated, until
there IL a demand for them.
PHI. Burnett, Industrial commissioners
Of the Lehigh Valley. who recently made
,ayersl trips along the road. found both
farmers and business men much inter-
ested In the plan.
A Vivid Imagination.
Many wild stories have been told OF the
fortunes that have been made In Wall
Street but II has remained for a Phila-
delphia press agent to evolve wonder
fll warn about one OF the quickest city
residents finding S1S7.0o0 in heap OF scrap
PAPER, which was purchased for a song.
Not content with leaving the amount as
sufficient to make his story good, an
analysis given OF how the money was
made out Of postage stamps, five of which
was sold for the neat sum Of $4,000. In
addition TO the $4,000 realized from the
sale Of 1O2 stamps. All that is needed for
a man who has an imagination like that
Is desk room, some stock certificates.
money for postage and a mailing list, and
he could sell blue sky divided into ten
acre lots, with a gold mine and an oil
well on each lot.
Growth in Bank Resources.
'Moody's Magazine in the December
issue says that for the four-year period
ended June. 1912, the resources Of the
banks of the United States have increased
from sl9.5S3. 900 to $24,S6 .00o0o a gain
Of 1888 0O0, 900; also the deposits held by
the banks have broken the previous
record. In individual deposits for the
same period there was an increase Of
A2Se, 900 0O0 Loans and discounts gained
E,5l5,oO0.ooO during the four-year period.
There are 1872 national banks In the
United States having an aggregate capital
OF 81, 0s3, 100000. Outside OF the national
bank system, there are 1891 reporting
banks having q combined capital of s977,-
10000 and there are $500 non-reporting
banks having estimated capital OF $1,000
200. National banks have about II per
cent OF their resources invested in bond
securities, while there is invested In all
other banks about "a per cent.
Copper Refiners' Statistics.
In the advance sheet Of THE Engineer
Ing and Mining Journal" a paragraph
says that the copper refiners' statistics
for November are not especially illumi-
mating OF anything. The celebrity with
which the strikes at the mines in Septem-
ber-october were reflected in the refners'
statistics, not to speak Of the fact that 1t
ives chiefly ore rather than blister copper
that was cut off. is in marked contrast
to the delay in showing the increased
production Of the early months Of the
year.