New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-10
Texas Crop Prospects.

cites
Texas Crop Prospects.
From the secretary q tho Texas Grain
,,..1.rs' Association tho reports are not
..,,urag aging as regards com acreage in the
80. star state. He is reported to have
Ia that. on account Of unfavorable
leather interfering with the planting sea
can in many places the stand is not good.
GOOD wheat and oats crop is assured OH
\ l.ro,abe weather conditions for the bal
,,ce Of the season. Texas last year pro
5,csd 100000 bushels of corn compared
with 100000 bushels in 1910.
Low Grade Ore
The Information is given that Gcldhcld
Consolidated has not earned its dividend
rate Of g a share during several months.
niyidspd requirements have been S2,9l5po,
while net earnings have only reached s.
.SQN The loss is said 10 be due to the
grade Of orc being lower. and it is pre-
Acted that 81 the next dividend meeting
| only the regular dividend Of 20 cents per
snare will be declared, and the extra 29
| cents will not be included.
Steel Plate Prices.
There is talk in steel circles OF a prob
able advance in the price OF steel plates
N the near future. due 10 heavy buying by
car manufacturers. 1t is claimed the plate
mills arc couEestod and many deliveries
FAR behind. one manufacturer is quoted as
saying that if tho demand for plates con
tinucs to increase they Will sell above
structural steel.
New High Record
Shipment by the American Steel and Wire
Company established a new high record in
April They we're at the rate OF about two
million tons a year Prices. however, will
remain around the present level, as this
IS not the season when usually advances
sre made.
Corey Wire Plant
The Steel Corporation. 50 ii is announced,
intends so resume construction on the
Corey plant this year. but the equipment
will not he as originally planned. The ma
chncry which was intended for the Corey
rlant Is being distributed among other
pants Of the American Steel and Wire
Company, which now require replacement
and new machinery. When the wire plant
1t Corey has been completed probably not
poch Of the 100000 Of the machinery
which has been stored at Farrell, Penn, |
will be left for the Corey plant.
Reoreanized Motor Company.
Negotiations are now completed and the
Marion Motor Company has been reorgan-
hed with a capital of $l,l25oo0, as against
n0ls0 Of the old company. Five hundred
thousand dollars of the new shares will be
preferred and the balance will be common
stock. The new concern will be under the
control Of J. J. Handley. former vice-presi- |
dent Of the United States Motor Company !
Canada's Wheat Seeding.
Reports from Canada give the seeding |
conditions as very favorable in the North !
west Seventy per cent of wheat acreage |
has been sown in Manitoba, 50 per cent in
Alberta and Saskatchewan; the latter will |
have s. per cent increased acreage and !
Alberta Is per cent.
SELLING Mining Property.
The Massachusetts, Mining Company 1t d |
meeting OF stockholders authorized the d. |
rectors to sell go acres of the southeastern !
portion Of its property at not less than |
iha an acre 10 new company. Shares OF
the new company will he offered to Massa- !
thusstts stockholders for subscription. The |
Prize has not been determined.
Standard Oil Subsidiary.
The Buckeye Pipe Line Company, one Of |
As former subsidiaries of the Standard Oil !
Company, according 70 Gilbert Elliot co 8
ntement. is now paying dividends at the |
late OF 40 per cent annually. Before the /
cissoution The public was not given any |
Information regarding the payments OF
eNidends by constituent companies and the !
last recorded dividend prior to 1912 WAS in |
1896. when the eoyernment Investigation |
cEeiosed that 81 per cent was paid on the |
fJeksye that year
Bank Consultations.
Before tho ink is really dry on the news |
hst the Royal Bank Of Canada has ap-
sfbed the Traders Bank reports come OF
NC possible swallowing Of the Royal Bank |
the Bank Of Montreal Sir Thomas |
hbsughnessy, president Of the Canadian Pa
ono Us said to be Interested in working out |
plan to that end. The reports go - tar |
Is to Ak the presidency OF the consolidated |
"'hks with Sir Thomas and the general man
ssership in the hands Of Eson J.. Pease, nov |
Win tho Royal Bank
Authorized Dividends.
george &. Van Tuyl jr.. Of the state |
SINKING Department. has announced pay
a'p, Of q second dividend Of y per cent on |
"' ufeenpOint Polish Cooperative Savings /
s'e Loan Association and IS per cent first /
,.s.oend IN the Afro-AIncrican Investment
,4a'ms Company. Both these institutions
''iied In Brooklyn last year
The Melon Prospects.
me Reading should cut melon, as its |
''s'eis claim may be done following The
x1pisme Court decision, Baltimore & Ohio
l'o nave good slice TO sit on the fierce
~ eat as the Baltimore e. Ohio owns $l0.-
"ese common and s2OS30,000 first aud |
WIN preferred Of Reading stocks.
Bank Of England Rate.
me Bank Of England has made It's sec
a' reduction Of its minimum discount rate
e January 1912. on February the
'N was reduced from 4 to 2h per cent.
,. A now tho rate is per cent, reduced !
a., ~ per cent. During the summer Of
e1d per cent rate was maintained until |
- '"'ocr r. when the rate was advanced
per cent, which rate was effective dur
"a. we winter months. II is 90 be noted |
Notwithstanding the serious coal strike
o. experienced IN England the Bank |
siahd aid not deem IL necessary 10 in
co.. us rate from 3i5 per cent 20 per |
s,s.,. "stHslly. since the settlement of the |
IT, ''e bank has been va q better posi- |
ma - essfds bullion holding and reserves |
a.. Was presumed that as usual al this |
&C.,, INC hank would not hold the dis. |
49,, ate % high rs 30 per cent, o. i |
ssem 10 be impossible