New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-07-26
BRIEF NOTES Of FINANCE
paragraphs Of Current interest
for the Investor.

,,,o,.,or OF the Fourth National and
,nSdc National banks of Boston, which
: Aua", "a be coDsummated, according 10
a. reports will rank the combination
PV0e<.,, On the standing OF Boston finan-
q .a.,,,utions These banks are known
e'A' ,,,ercial institutions, their clientele
- largely in the mercantile districts.
Den'e .,nsoIidated capital will be 81 SOC, 900,
-, surplus and undivided profits of
about a275"V2 . -.
virainia Potatoes in Canada.
=. n.,sda is buying Virginia potatoes,
a IN the last six weeks the city OF
Slo and immediate vicinity have pur-
.ased $4,000 worth Of the Pomme de
0 80, n Virginia's raising. the duties on
I..h have amounted to about $4,000.
,.-gnia used to raise presidents, but evil
'anyc potatoes are more nutritious and
profitable ''-.
-. Finer Cotton in Egypt.
rgrnt is growing more finer grades Of
.a.ton than in former years, owing to the
'~.rts OF the agricultural society and the
ss,.,,-y The total area sown with the
so.r varieties in 1911 showed an increase
.sa per cent and this year II is ex-
800 q further increase will be shown.
~ No Hops, No Beer.
Sn.resr ia threatened for beer drink
ne as the hop growers on the Pacific
cast have threatened TO cease planting
,hs vine so essential to the manufacture
~ beer II uanscontinental freight rates
a, hops are not reduced.
40 Salmon Fishermen's Strike.
salmon fishing on Puget Sound is re-
,or4sd to present a bad outlook for the
hackers this season, The hshermens
strike 10 Alaska is said TO be hindering
operations.
Apple Crop in Danger.
the HOOD River district In Oregon is
,n+as for IT'S fine apples, but the 1000, 600
, o-a boS estimated crop for this season is
reuorted to be ia danger of destruction.
b al least partially. by the extreme heat
which has been registering around 100 IN
tbs shade. This is said TO be too not for
5,,orng apples, which cannot stand con-
tinsously such a high temperature.
q ...s. New Paper and Pulp Mill.
ON AUGUST l the Southern Wood Dis
ttllato and Fibre Company will begin
I ouerstiun Of its plant at Bogulusa. La
.SThe company. expects to start at a
. iYapscity Of fifty tons day, 1t Is
ssbn independent concert organized to
z ,Ran,lfacture paper and wood nbre from
s;fhe waste OF the Great Southern Lumber
l.Conpany S. worlds largest sawmilL The
!. ronipany's by-produots win be turpentine
ana r6sin. The chief products Will be
wrapping paper. bags and wood fibre used
8 N the manufacture Of boxes,
81 Emerson Birmingham Company.
i. last week there was announcement OF
the increase in the capitalization Of the
/. Emerson Birmingham Company, TO take
oyer q number Of prominent agricultural
z MACHINERY coheerns, This company, 1t
/. IS said van have an authorized capital
:. Of "a, o Qe0O preferred and S0o0O,oeo COM
(, moi. OF which the present issue Will be
$4,000 preferred and 100000 common.
Established in 1852, with factories at
Rockford. Ill, the company has manu-
fsctured an extensive line Of agricultural
implements The new financing OF the
= company wiIsinelude the properties Of
y tfre GeiSar Manufacturing Company. Of
. Waynesbero, Penn; Reeves & Co, Of CO.
..lumbus. Ind and the Gas Traction Com
pspy, Of Minneapolis, and other smaller
plants. William Solomon q Co., in con-
/ Junction with Kuhn, Loeb g. Co, are re-
ported 70 pe financing the company.
! 49,. Western Money Outlook.
.The money market In Chicago is fore
cast in an interview credited to George
NJ. Reynolds, Of that city, who represents
!. the tone OF the Western financial situa-
ton Mr. Reynolds is quoted as follows:
-. AS d Western banker / consider II my
first duty TO provide funds for moving the
crops. With that object in view certain
Glasses Of our loans are being curtaIled
and paYment Is being permitted in such
manner as to give us abundant funds 10
! meet purposes mentioned. After provld-
ing for moving products Of soil and car
ing for commercial interest our resources
are available for speculative lines Of &C
otiYity. Fr
we are beginning to have some inquiry
from the West, and Southwest. I look
'ltor good demand for money during the
Jeinsinder of the year
Melon Now Ripe. '.c
p, The General Electric ulcloH has ripened,
and official announcement says II win be
cut oi, August q, when a stockholders
/. Haeeting has been called TO vote on an
Increase of the capital stock from $50,
oO1OVO 10 05oO0,O0Q. After increase has
4. been confirmed stockholders OF record Of
december 81, 1872 will receive a dividend
put Of earnings Of $50 a share, payable In
stock az par. This dividend. II is said. is
10 rec0up Ia part stockholders for passed
and reduced dividends in the years since
Us. Sixty million dollars debentures Will
BE issued for the future financial require
.iaents- Of the company
ag+- ITO list New Sugar Stocks
There IS ruulor that it is planned to
list tue stock OF the Great Western Sugar
Company on the New YORK Stock Ex..
Change A large portion OF this com
pSny.s stock .is controlled by the Atneri
can Sugar Refining Company. OF the
SQ54AoO0 the American has held about 70
per cent. The Great Western is said TO
be prosperous, and the per, cent pre-
ferTed stock has been selling around l@
per share. and the common, which pays