New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-06-25
BRIEF NOTES OF FINANCE
Paragraphs Of Current Interest
for the Investor.

Reading the political news from Balt-
more IS like reading the returns from
bospital Every candidate in prospect has
a boom which is being nursed. In the
mean time Wall Street needs few nurses
for the market. II any may be spared.
Heavy Shipments.
The various Western markets, it is report
ri have been receiving vast shipments OF
wheat from midas main crop at Kurachi,
India. It's docks and wharves are simply
,rovded. and many vessels are waiting for
tcrtbs at the piers Last week India
shipped over 100000 bushels OF wheat com
AIRED with goo 90 bushels in 1911 and L.
Gaaog0 bushels in 1910. The present weeks
exports when over with promises 10 be mex
10 the Iargcat. # not the largest, among III"
leading wheat sporting countries.
Thodesian Gold.
Reports via cahl" from London assert that
Rbodesia's output Of gold for May totaned
$500 fine ounces. as compared with 5000
fine ounces for April.
Grain Mills Statistics.
Government statistics OF the -four mill
and grist mill industry Of continental
United States show that the total OF mills
In 1909 was II col, in which 66,o5i persons
found employment. The primary morse
mower used was S5S5S4. the capital involved
ts4s1d 10; the total expenses S'2I52E'SiS'
and the value Of products S5NoS4'+'0' AHe
value Of the articles added by Manufacture,
which IA the difference between COST Oh
material and value Of products was est-
mated at Nl60N@26
osceola Earnings.
Practically for the first half OF the pres
ant wear. according to Boston reports, June
estimated Osceola has earned Si9t50S net.
TIE 81 dividend demands the sum Of So'o'So.
.rpA total cost pound was 1867 cents as
compared with 92S cents last year. There
vas l35 pounds of copper ton 70 the
.,-s~aeA Weld of rock, as against 1+8 pounds
in 1911
Prospective Earnings.
Brooklyn Rapid Transit for tho fiscal
year ending June 50 Is expected to show
between s and 81. per cent on its &5"HoJ
of stock Wall Street gossip now says that
s per cent dividends this fall are practically
assured for the &. r T., as Anthony n
Brady. who is regarded as the controlling
actor in this property, is understood 10
have EXPRESSED himself in favor OF sucn
declaration.
Steel Increased Earnings.
II is reported that within the next week.
unless present plans are changed, struct-
vral steel bars and plates will be put up
g ton. and it is said that other products
will also be advanced.
From the extreme low Of last fall the
average price Of steel products has al
vanced about s. ton, and this advance
means additional earnings TO the Stee! Cor
poration annually.
Corn Crop Condition.
O,-,rz IN the heavy showers and the ex-
trsnosIv hard rains by which highway
bysdgss were swept away, Argentina's
hammer corn state, Entire Rios. has suffered
hsd,v for the last month or so. The de-
s,rpction Of the various bridges has inter-
fsred materially with traffic and farm de- |
livery OF corn
Will They Increase Rate?
The meeting of the directors OF The Ana
oonda Copper Company, which VIII be heid
to-day. has caused speculation as 10 the
conopany's action. Rumors have been cir
culated for some time that the rate would
he increased to 70 cents quarterly share !
but such talk was pure speculation. Ihe |
course pursued IN the past by THIS com
pany has been more conservative than vent
uresome, and the policy now appears 10 De
10 build M strong cash reserves. Nhlle II
would seem natural with copper earnings
fncrea sing to expect an increase at to-day 3
meeting, the directors may decide TO wait
until the next quarter before taking any
action or greater disbursement.
Resume Gold Export.
After a three and half months pause the
soId EXPORT movement 70 Paris has beeh
resumed By the engagement OF N'VOoV1
This makes total Of 100000 gold bars
set aside for Paris this year. In ADDITION
70 this the South American points nave
come in for a large proportion OF gold CON-
estimated to be valued at I0l2"p Inc
present consignment Of gold bars Is not eN-
pected 10 reach Paris before July :. lhtle
&c considerable interest displayed in foreign
exchange circles al the resumption OF tho
gold movement to Paris at the present time
The metal will be sent TO Paris by the
usual methods. and the Bank OF France
will advance the amount Of the engage
ment. so that it can be Of immediate use
on the Paris money market, to settle the
half-year payments.
Outlook Of Steel Market.
According 90 various reports and rumors
Il is quite evident that the boom Of the
Western district steel will continue the rest
Of tho year, as railroad buying IS most
conspicuous Many good orders for rails
were received during last week. Railroad
managers have been complaining Of slow
deliveries and the excuse as given by the
rolling mills is that they have been work
ing beyond capacity; also, that there is a
scarcity Of steel.
The strength Of prices for fabricated has
been greatly reinforced during the last
~eek. prices having advanced 81 within a
short time TO basis Of g 10 81 above last
winters low plane. The fabricated mills
are reported 10 have received an almost
steady volume OF practically new orders
mostly small one. but they are not as yet
working up 10 the full capacity as they
expect 70 be II the bridge construction
and building activity continue. At the pres
ent time the orders which are coming IN
almost equal the completed ones that are
being shipped The steel people feel conf
dent Of a great sweep of orders for new
business when the crops are ready for the !
freight cars
Equipment Inquiries.
Inquiries for new equipment are reported |
ss follows q