New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-04

.,ma has been received and shipments
49,. been made Of $4,000 including 81
nn transferred through the San Fran
80, Sub. Treasury, and S, 1853 100 national
- notes sent to Washington for re-
a1an,on. The gain from the interior fg-
ures s6,S-VV"
Order Block SIGNALS Installed.
r,A Indiana Railroad Commission has
..asr.s automatic block signals 10 be in
s.a,lsd in the Baltimore & Ohio. Wabash
"a Big -Four lines traverslns the Hoosier
S,.,e The cost OF the installation 10 the
abroad will aggregate $1,000
suyptian Cotton Conditions.
rhs cotton conditions of Egypt have been
ssoscislly favorable this year. as the sea-
can Is at least ten days earlier and al the
,lenting has practically been completed.
rhe termination OF the seed Is said TO be
verv. good and In the early districts plants
arc M and look hardy.
People and Business Suffer
The situation around Torras, La. where
,be serious break in the levees occurred,
Is not relieved. according to reports re-
cs.yed yesterday Government and state
officers having failed 10 repair the break
are now centrinc their efforts toward res
,g,jny the thousands rendered homeless in
the hooded district Food and shelter are
being provided for 1900 at Baton Rouge.
and. the loss 10. business interests will he
enormous. The sucar cane plantations have
suffered severely.
Directors Adopt Report.
American Sect Sugar directors met yes
terday and formally adopted the 1872 an
nusl report. which will be sent to stock
holders in a few days The report is cN-
r4cted to show about lG.5 per cent earned
on common. compared with 1919 per cent
for 1911, fiscal year. and La per cent in
1919.
New York Centrsl's Notess
Fifteen million dollars of ~ per cent
thTee-year notes have been sold by the
New York Central at private sale The
Price at which these notes were sold is
understood - have been par and it Is re
ported that "A large part Of the issue was
sold, through J. T. Morgan & Co. in London
and Paris. The total issue or notes author
lied by the upstate public Service Com
mission last fail is %J@0,@oo, and the funds
derived are to he used in the acquisition of
stocks OF subsidiary companies.
Position OF ST. Paul.
The decline i'm st. PauIs reflected dssp
pointment over unfavorable earnings that
are being reported by this company and its
SUBSIDIARY During March St Paul lost
$4,000 net o. ~ per cent, as compared
with ali average monthly loss for the first
eight months of about $1,000 Gross earn
ings for March, however increased $4,000,
or per cent, as compared with an aver
age loss of over soso."O0 q month for the
first eight months.
II is not easy at this time to sec how ST.
Paul can earn even its per cent dividend
for the current fiscal period. The Puget
Sound earnings arc very disappointing. and
II would hardly be the part OF conserva-
tsn for this company's surplus 10 be
drawn on 10 help pay ST. Fauls dividend.
II the outlook for the fall crops improves it
possible the per cent dividend will
be maintained. but IL anything should hap
pen in this connection n further reduction
would not be surprising.
Copper and Iron Ratio.
some interesting UItS nave bttii pre-
pared for The Engineering and Mining
Journal which cover a series of years and
give the ratio OF copper consumption to
pig iron consumption. The average ratio
from 1896 to 1911, inclusive, as applied TO
the United States, was one ton OF copper
10 eighty-three tons of pig iron, while from
1896 to 1870 inclusive, the worlds consump-
ton OF copper was one ton TO seventy-nine
tons OF iron.
Interborovohs April Increase.
The marlborough Rapid Transit had
GOOD month in April. and its report OF
Earnings suggests good patronage by the
s,raphangers Ell al one hundred and forty
four thousand dollars more in nimble nickeis
went through the chopping boxes. which at
tractive sum was exceeded only twice this
hseal year. The daily increase was 1880, os
compared with 81, $50 during March and $50
during February Elevated lines contrib
uted only $1,000 gain for the entire month.
The gross income of the InteToorough tor
ten months 10 May has Increased S.l65,UO,
or about $4,000 more than the gain OF 10000
In receipts for the entire fiscal year to June
90 1911 About IS per cent OF the gross gain
is being saved for net. while year ago it
Vas the reverse.
The Change in Kansas.
Two weeks ago it was difficult to ind the
Wall Street optimlst on winter wheat and
corn in Kansas conditions. 30 much acreage
vas abandoned. according to the experts
who we're moulding public sentiment in
prices, that there was hardly winter
wheat enough promise 10 feed the farmers
harvest hands but now, note tho change.
Since Secretary Coburn estimated SoO'Vco
tushels Of wheat for the coming harvest,
the crop specialists are buying railroad
'ickets and upper Pullman car booths right
through 10 the state which made Carrie
Nation famous, 10 say nothing OF Sockiess
Simpson and John j. ingalls,. Now the same
crop experts are reversing their figures' ana
are certain that Secretary Coburn's esti-
mate is conservative.
Two Million Dollar New Stock Issue.
Directors Of the International Smelling
sad Refining Company VIII meet this month
70 take action on the question OF dividends
Ihs company rehnes the output OF the
eoie-Ryan interest in Anaconda and otH@r
copper properties The expectation is that
'ne regular per cent quarterly dividend
wiz De declared. as the estimated earnings
81 the company al present are at fate
approxiniateis u per cent on 100000 ZAP
hsuzstion. Millions OF dollars during the
sA two years have been spent by TINS
COMPANY for new construction. copper
eMelter al Tooele, Utah. and lead smeltsr