New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-06-26
BRIEF NOTES OF FINANCE
Paragraphs of Current Interest
for the investor.

aaaFf
w" doys Of "Pompadour jim Corbetts
W In the limelight. There was always
-. ~ talk before fight came off and
80 the interest in the scrap was in the
ll,t,,irarv tongue wallopins that the con-
tsstants gave each other. Yesterday 5 mix
too much even for the curb, 50 all
odds we're Of and the Stock Exchange vas
go 20 light trading to relieve the be-
wildering effect
Brass Industry ro5perous.
=. 90 rcrorted thlt the American Brass
I'm, the largest manufacturer Of
49,. nroducts i'm the United States, is
onerating its plants three SHIRTS OF eish'
80 zach. and il has the largest business
y. its books in the history OF the COM
Iany o.,
Boston dispatches assert that on July 10
-, ,b, stockholders of the United Verde
T,vtersion will vote on proposition by
-,rt,b the canital stock will he reduced
,..,, S4ooaogo 10 100000, which will reduce
,ha crescent par value of the stock, being
,,o 30 IA cents per share. The present
- riu he exchanged for new stock.
:, ,s the intention OF the stockholders
.t,ar tho Capitalization is reduced to in
80 fine number Of shares from 100000
20 10000
In Good Condition.
The statements issued by Spokane,
r.osb banks in consequence of the call
~, the controller show total deposits to
~ 600 g1S S25 According to the statement,
Id oft hlN
,,.-.seAd over 100000 since the last call.
cash on hand totals l2,769926. Judging
from, the above. the financial condition of
that nart Of the country must be in very
good condition.
Norfolk G. Western.
There IS belief in the minds Of i'm
nortsnt financial interests that the Penn
sylvania Railroad will offer 10 take over
the Norfolk & Western Railway and guar
sntee per cent on its common shares.
However. should earnings of Norfolk con-
tinue 10 show their present rate of in
crease the minority shareholders will prob
ably expect TO receive better than per
cent guarantee.
Tho permanency Of Norfolk s present per
cent rate, in the opinion of many, is fairly
secure. Earnings available for dividends in
the current fiscal year, it is said, viii be
IN excess Of so per share of common stock.
Steel at Higher Rates.
II is reported that certain consumers OF
steel plates and bars have already been
notified that they will have TO pay more
for plates and bars after the first OF next
month. Notwithstanding this prescribed
increase. the demand for steel bars is still
heinz made. The advance maintained Will
average about 81 a ton Plates and suuct-
,ral steel will be increased from 81 y per
100 pounds to 81 20 per 100 pounds. Bars
will likewise be advanced from 81 20 per
100 pounds to 81 p per 100 pounds One year
ago beams and structural steel were
quoted at 81 81 per 100 pounds and bars at
81 % per 100 pounds. 1t IS likely that me
,ndepen6ept companies will take the in
Iiative In advancing prices. The advance
made by these companies, II is said VIII
be the actual outcome Of brisk demand
for plates. structural steel and bars
New Record Attained.
practically new record Will shortly he
attained by the United states steel Cor
porstion when the current month VIII have
been completed This means, Of course
that the net earningC in June will be larger
than in either April or May.
II is quite probable that all the unified
tonnage will be made up. At the present
the orders are running so closely to ship
ments as to make it quite impossible to
forecast what the result for the month VIII
be. However, there is an extremely lorGe
amount Of business pending, and if this Is
placed this week there will be slight IN
crease instead Of a decrease in the unhll,l