New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-09
BRIEF NOTES OF FINANCE
Paragraphs Of Current Interest
for the INVESTOR

4erday probably trying TO get inside In
tormation. but was arrested before he
finished his task. Not strange at all
,rbousands Of people who have attempted
% get on the inside" Of the stock mar
hot have met with disaster. Only room
FOR few real insiders.
Buying Pittsburgh Coal.
pittsburgh Coal preferred came out
oeain Yesterday as a favorite in bullish
sentiment. and the talk Of back dividend
navments was renewed. Either there Is
come truth in the rumor or some strong
manipulation is going on, as the stock
has continued on slow upward move
-,nent for a considerable period. Official
confrmation could not be obtained some
weeks since, when the story was in its
nopular stage. and It does not appear to
be reasonable that any sudden change In
the company's plan has been made,
though such is possible. The earnings Of
the company arc reported TO be improv-
ipg. which may account for the buying.
Brooklyn Union Gas Melon.
A story is being quietly told, only whis-
nered. in fact. that a melon worth over
;1hcO0CoO is to be cut by the Brooklyn
Union Gas Company. This lucious prod
uct Of gas" may be cut soon. or it may
ne later. according to the rumor which
&c said 20 have for it's author a director
NJ the company. II it were not for these
looking forward movements after all, life
would lose most of its charm. and the
stock Exchange building could be con-
,erted into a factor for ladies' hosiery.
Consolidated Failure.
Tho failure Of Mclaughlin & Kinnier.
a Consolidated house, was announced on
the Consolidated Exchange yesterday
morning. John B. Doyle. No. 10 Broad
vsy. attorney for the firm. explained that
during the last year the stagnant com
mission business had forced the Arm TO
nut continuous sums Of money into the
business until the limit had been reached.
The liabilities will amount to between
snnpD and $4,000, and the assets, liquid
and doubtful, 5000.
Denver. Northwestern & Pacific.
It is reported that except Tor some
legal technicalities that the control Of the
Denver. Northwestern & Pacific has
PASSED to Newman Erb and his associ-
ates some Of the latter ere identified
with J. S Bache & Co. and the Empire
Trust Company and will figure IN new
company. The noteholders protective
committee Of the Moffat road still have
= voice In the final settlement 3. w.
Jones, secretary Of the noteholders' pro-
tective committee has given cut the FOL
lowing statement: AT g conference to-
day between the noteholders' protective
committee. representatives Of the Denver
interests and Mr.. Erb. certain modihca-
lions of the so-called 'Erb plan were
discussed. some Of which were mutually
agreed uDon. Other points are still under
consideration
Grand Trunk Terminal.
The Grand Trunk Railway has recently
completed the purchase Of two square
miles in the town of Prescott. Ont, d.
rectlv opposite Ogdensburg, on the ST.
Lawrence River. according TO dispatches
received from Ogdensburg. y. !. Inc
purchasing Of the site is for the erection
~ a new terminal on the Montreal and
Rellev.Ie division OF the railway The
extensive frontage Of 500 feet f'-'-" the
river affords convenient wharfage facih-
ties.
Printing Company Merger
Tho United States Printing Company
and the United States LAthograpning
Companv are TO bc merged under the
form Of a new corporation, to be known
as the United States Printing and hth-
ographing Company with John Omwake'
~ cincinnati. as president, according 10
odvlces received from Cincinnati. Inc
two compan!es are both Of Norwood
Ohio. The new corporation will here
sfter act as the exclusive sales agent Of
. the two parent companies. The capital
stock Of the new organization VIII uo
r,,ed at $4,000. The present plant OF
The United States Athographing 'Com-
uanv AZ Elizabeth. y. j., will be aDan-
,oned.
ltaIy,s Growing Commerce.
The industrial progress OF Italy is no
table and added TO increasing financial
strength Of its banking interests Is IN
.eresting in a country not generally con
sldered in the general scope of CONNER
cial and industrial reckoning. The fol-
lowing from consular reports IS inter
ost,ng.
In a recent official publication Of the
Ministry OF Agriculture. Industry ana
Commerce. al Rome. is set forth the prog
ress made BY Italy IN its foreign TRACE
Tor the last twenty years, in comparison
with that attained by Germany Umted
States. Switzerland, France, the Unlteu
Kingdom and Austria-Hungary. The hs-
ures given are from 1891 to 1910 inclusive
While from 1891 to 1895 the combined value
Of Italy'g exports and imports averaged
IN round figures, but s410,000,0O0. in 1910 the
value Of this trade had increased 10
s, o2a O0o 100. a net increase of 100 per cent,
whereas no other one Of the countries
named shows so favorable percentage
Of gain Germany's foreign commerce dur
ing the same period reveals gain or lJ'
per cent. the United States 81 per cent
Switzerland 90 per cent, France ~ per
cent. the United Kingdom T per cent ana
Austria Hungary 10 per cent. Imports
into Italy, with an average OF S220VI1W'
from lSA 10 1886 advanced 10 over S516'-
00GOo in 1910 while the value OF exports
from an average for the same qulnqueh-
NAL Of slS7, 10000 was over Sol,W'V" III
1910. The above figures bear eloquent tes-
timony to Italys Industrial and general
economic progress during the last twenty
years, and In the year under review p'iil
still further increases. both in exports ana