New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-04-26

published. United States Steel in 1911 con-
tracted only II per cent Of the consumption
Of steel.
General Electric comes prominently TO
the front among industrial concerns, &C
cording to the analysis given by the Bos-
ton News Bureau. At the end of its late
fiscal period it had quick net assets equal
TO s. per cent of annual gross sales. II Is
reported TO have working capital enough 10
handle gross business of approXlmatcly
so, coo greater than the present rate.
After writing off 50, ,4l0 for depreciation
of plant account last year, General Electric
showed dividend balance of 1873 per cent
on 81. 200 stock, compared with 1916 per
cent on $l215l,0O0 less stock In 1910. During
the last. four years surplus has Increased
100000. In 1911 the company also wrote
off its books $2sc5, O76 invested in copper
mining This latter incident practically
closed the experiments of General Electric
to produce its own copper
What seems to be reflection or the IL
tanic disaster in financial affairs is the tali-
IRE of the new Indian 100000 loan offered
I'm London II was offered at 90, but the
subscriptions as reported from London
were merely nominal Ordinarily gov
crnment loan at Si2 per cent Of this charac-
ter selling a 9$. would have been popular
IN fact. 50 dismal failure for an Indian
government loan is unprecedented Ihe
failure is attributed TO the insurance COM
Tauies. which usually are liberal SUD-
scribers but which are reservng thcf re-
sources 10 meet Titanic claims.
Westinghouse Air Brake Company stock
holders have voted unanimously TO IN
crease the capital stock from sAWH"p 7"
so o000,n. and resolution was passed IN
list the stock on the New York Stock IN
change Trade relations between Canana
and tho United States are improving. Inc
trade returns from Canada for the tWciNe
months ended with February show totai
of si5S 20. 80 with the United states
against $3.50 81, go with Great Britain can
ada's increased trade with this country
was about Ia per cent, while the Increase
with Great Britain was less than per cent.
Tho Canadian Pacific Railroad is still
forging ahead with its development work
and expanding it's facilities TO keep pace
with the growing demands in the West and
Northwest. The company will increase its
rolling stock to the extent OF s9O,oOo0O0 and
will establish between twenty and thirty
farms throughout the Western country to
demonstrate the benefits of mixed farming
The Corn Products Company has .pur-
chased 10000 bushels of Argentina corn for
he yri. 4
which this corn can he delivered In New
York is about II cents below the domestic
price.
From Chicago comes the report that
cars This would indicate better feeling
and improved business prospects
The Grand Trunk Railway has granted
an Increase in wages TO freight handlers
at Toronto from - to IL cents an hour and
s. a month 10 Toronto freight checkers.
The sale of steel bars for the last three
weeks amounted to a total Of more than
$50 900 tons. The contracts were on basis
of 81 10 per 100 pounds Very few have sold
higher The Harvester interests have been
llc loi StSN IultlIdSSIS
Forty-ei2ht hours of clear weather
throughout the cotton country changes the
gloomy reports to cheerful news from the
rain deluged districts. Now the stories
are coming of a probable 100000 bale crop
for Texas. 100000 bales for Oklahoma,
] 100000 bales for Arkansas. all west OF
the Mississippi. The latest wires indicate
IL, H.. NJ
and that while the crop generally through
the South Is three weeks behind good
weather conditions will see the whole cot
ton acreage planted. Amt 1t funny what
a difference just few hours make
The Denver & Rio Grande has now
righted itself with the government by con
yeying to government title coal lands in
Colorado valued at sl,775,7jo. This will end
suits brought based on alleged fraudulent
entry.
The Canadian chartered banks in their
statements for March show some changes
in Capitalization and deposits. From Sll0-
90 600 one month ago the combined capital
has been Increased to $l2l01,0o0; in March.
1911, the capital was only slooooo.0oo Dur
the month of March deposits on demand
were $33l, 900 900: i'm March 1911, they
amounted to $27S,O01,0O0. Savings deposits
show an increase of S0o10D more than
"a year ago.
From the Canadian Department of Trade
and Commerce comes the Information that
the Australian government is in the mar
ket for eco tons of open hearth SO-pound
On. "A * md NJ
open hearth fish plates. 10 be delivered at
Fremantle and Port Augusta. Tenders TO
close May -.
The report Of the Lehigh Valley Railroad
for March shows net after taxes of S9sS627,
with Sl,o2i,5@ in March, 1911.
Kansas is forward with estimates of win
Ter wheat prospects, which are extremely
bulIish. compared with crop experts Of
brokerage houses. who have been publish
ing bear reports. Union Pacific figures estt-
mate 100000 bushels as the probable
Kansas crop.
The SIoss-S Sheffield company expect to
spend $J0,OO0GC0 in improvements to its
coal and iron proerties. The stock of iron
i'm the companys yards now Is estimated
at 500 tons.
u. S. TREASURY FlNANCES.
Washington, April Cat the beginning OF
business to-day the condition Of the United
States Treasury was:
Working balance in Treasury Offices, $685.,
rs. 794.
In banks aud Philippine treasury, sS2,-
7..22l.
The total balance in general fund was
yl25, 5S6.l26. 1900
Ordinary receipts yesterday were S2lS9,-