New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-06-29
BRIEF NOTES OF FINANCE
Paragraphs Of Current Interest
for the investor.


y. ynou whether 10 predict storm, owing
blsck cloud lowering over Baltimore
Iorcast an acceptable good Democratic
.,,ss In the mean time It is rumoreo
wall street interests are expecting
i .utting picnic az the Stock Exchange,
me =, vould seem that the Baltimore con-
pu' .,s- you'd be the safest place for such
typical picnic
copper Metal Too High
-,so,ras p. Cole in recent Western inter
- is reported as saying that IN his opin-
~. conner metal IS selling too high that
~ orice should not be above 1871 cents
~. bA,syes that the purchasers ana con
.. should get together and arrive at
80 definite basis Of regulation which
a,Id have a steadying influence
An.riesn Locomotive Earnings.
~. American Locomotive Company Is
- "a be enjoying period OF large earn
49,, Net earnings for the current quar-
49,, ~. estimated 20 be averaging at the
~, ~ "a per cent on its common STOCK,
.,.nourh earnings for the fiscal year 10 emo
80. y,ontb will probably run between per
-. and 10 per cent, compared with IL
,er cent FOR the year previous
Current Year Prospects.
ns.r rsported that the business Of
~. westinghouse Electric Company lot 'he
s,,, three months Of the present year mas
s.sn AT q record breaking hgure' ana shou'o
!, continue at the rate it is gong 'ne CUM
,anv's earnings will even surpass 'hose VI
ION the best in its history. Last year was
..rsidsrAd a poor one for all electric COM
,,r,ss. but Judging from the present lho'-
saTons. both as to orders and prices re-
.or,sd 10 be obtained for various prooucts
"a me electric manufacturers will show
..co,d breaking profits for the current year
overplus Of Coke.
,,,1o.. from Connellsville. Penn, give
-. toI,ouing article as taken from The
T.sL,v Courier" which states: THE Con-
'.vsriI,a coke trade fell off abont points
49,. ueak Production decreased from "sz'-
,oo 10 $4,000 IONS and shipments lollo"eu
,,,t The merchant operators suHereu
,br,nkage of nearly 10000 tons or approx
..nIv nsr cent OF their production, whlch
Gov the first half OF 1912 will average l'''-
300 tons weekly. .,-..,.s
Owing to the surplus OF coke shipments
,orne furnaces have been temper ann
,loses. This has taken place particularly ~
Tobnstovyn. The market for coke is approx
rr..s,v as follows: Prompt furnace 81 10
. % 90. contract furnace (asking)' - o.
,ror,nt foundry, 81 IS TO 81 50, and contract
oundry. Sc 40 TO s. 10.
Pio Iron Of the South
rte from birmingham state that there
- on iron manufacturer in Alabama
np1zy
~, "a for No. foundry. 1t is not though'
that any are selling under that Price INC
..Iung price Of No was advanced oy one
Arm who was selling No touhurS a'
o. ths third quarter, but is now selling II
q, S15O The advance 10 81 % mas H.aUo
this price the standard at present
hrosd belief is that the market plICe Va
,h,s number will be Increased 10 thaV VI
~ straight as soon as the July stocA IAN
ing has been completed. There are many
reasons. II is said, for this general oellei
for iron in the South is scarce and Is grow
Ing more so. while, on the other haho' PlO-
suction has not increased very Satisfactorily
II &c estimated that the Alabama pToduc-
non for the first FIVE months OF the current
year exceeded that of the corresponding |
nsrIod Of 1911 by only 5000 tons, conse-
susntIy there can be no decided increase
a present in the general output
Oil Fields Activity.
There are numerous signs Of renewed &C
py,,,. according 10 advices from Topeka
Al over the southeastern portion Of Kansas
snony the oil fields Every since the wei
KNOW oil boom fell together several years
ago very little or practically nothing has
4hof mi
IN Kansas. However, It is reported the
considerable amount of wells orl4Ieo BIN ~
sif.ht years ago have been pumping OH ever
Uace, thus making quite favorable III
come for the owners. This quitting OF the
oil fields some time ago was mainly que
10 the short buying Of crude oil oy the
Standard Oil people and other large reHhlhs
companies. At that time the price dropped
10 less than 80 cents per barrel, consequent
Is many small producers quit pumping,
Thew simply closed up the wells ana
decided TO wait for better prices. Hlsh
prices are coming, and already there
has been a substantial increase IN OIL
prices The steady demand for oil and
Kasolene has never been 50 great as IL Is
AZ present. and the price for crude OIL
kesps bobbing up. owing TO this condl-
ton the present activities in the south
eastern Kansas field are contributed.
Present Crop Reports.
Taken from various reports which have
been circulated, the present condition Oh
crops throughout the Western grain grow
ing states seems 70 be better than normal
and. furthermore. the outlook is splendid for
q considerably larger yield Of the dlneren'
srain and farm products IN almost every
section Of the great producing West. Inc
CROPS of Western Canada are reported 10
be in good shape, although the weather
conditions were not so favorable fort
nisht ago. as il is said there were four days
OF extreme cold and five days Of reverse
heat Still there has been no severe dam
age which good rains within the next week
or 50 will not repair.
New Record Obtained.
The Carnegie steel Company has Obtained
a new high record for the production OF
bars and bilets at the South Works. The
old record was broken on Tuesday night
last The worlds record made by the New
Castle plant is said 20 be held in fear and
trembling. as the new record just obtained
by the Carnegie Steel falls within twenty
tao tons Of the worlds famous record
The total output for twelve hours continu-
ously was ~ tons. of which 474 tons were
hillets and 25s tons tin bar. The last best
record was obtained in March last, being
then e3 tons. This record is considered
remarkable as the mill is supposed 10 be
Of only 200 tons capacity.
tnrreaos ~ Iy,1norts