New-York tribune., 1912-06-12
|l|EF NOTES OF FINANCE
,,rauraDhs Of Current Interest
for the investor.

'"nd feels satisfied that better times
hoN .,re. so he's "soin fishing II n
ore o,bcr people would go off in the
~ or mountains and fish the country
IA get along all right.
'V" Liberal Maintenance.
baltimore & ohio is making eXCep-
auv large maintenance expenditures I'm
oo1@tion Of liberal traffic in the fall.
NP Anril items for maintenance 30
IN .r, was deducted from "all business
~ ma and turned back to maintenance
hSnI The April appropriation for 1912
s'V rurpose was fully onc-third larger
J" IN 1911. such a policy will put the
~aa IN excellent condition, but VII allow
fs0 ..tnr,s to show their proportion to
rs'r To Reurind Tailinss.
-. csiumet and IIecla is said To- he
,a,,c new regrinding plant as a re.
~ tests made in 1901, which de-
w. .,,rated that - pounds a ton Of tall
can he secured at a total cost of six
mound Four hundred and seven
u'" .,sp thousand tons of these tailings
treated by the Calumet and Hecla in
W., from which were recovered 2,i52000
d pso"nd the present selling price, tie COM
~ could show a net profit of IL cents
r,a The present high selling price o!
- metal Is responsible for attention
,.,., nsid 10 millions of tons OF sand, or
,.uiurs. around Lake Superior.
What Might Be Done.
uow comes a story that Peoples Gas
"A osher lighting concerns in Northern
,n,.oi, NAV have strong competitor in
-. rro,ted States steel Corporations Gary
..o,jzation. The plant at Gary is said
:, have sufficient capacity to duplicate the
.,,,nut OF. the Peoples Gas plant and to be
ne 20 produce gas at much lower rate.
~, umer. which is based entirely on
.,.,,blties. says that if the Gary man
,.,r,ent decides TO enter Chicago Il will
- for an alley franchise. This is some
s-s of. so Peoples Gas officials probably
,rs not particularly disturbed.
Seattle Bush Terminal.
sysw York bankers and contractors arc
e,.rested In the building Of a sl2coo,oO0
.,nrosd and steamship terminal in Seattle
,rpar 10 the Bush Terminal Of New York
~, party Of men who are backing the en-
.-tYise have gone 80 Seattle to begin
.osrstons In cooperation with the city OF
SEATTLE. which voted $5.oOO.0O0 city bonds
nr the purpose at the March 4 municipal
s.cticn.
Locomotive Notes Sold.
Three million six hundred thousand dol
hr per cent notes of the American
Locomotive Company purchased by New
York bankers are reported 10 have been
sod The total authorized issue Of notes
rs sS,oo0.ooo.
Backed by Bio Assets.
American Tobacco is said 10 be backed
Nv Sl2. .000OO0 OF assets in addition TO trade
marks and good viii. As one large holder
PUTS II. deduct $1,000 CC0 of preferred stock
and tsoooo0no is left ia assets for the
$4,000 capital
fc New Steel Plant.
steel plant 81 an estimated cost Of
10000 il TO be erected in OHIO. six miles
ncrth across the line from Wheeling, w
"a, By the Whitaker Glessner Iron Com
wny. Fifty acres have been purchased for
The site.
More std,I Coaches.
Reports received from Philadelphia say
that the Norfolk & Western has placed an
mdsr for sixty five all-steel coaches. In
De recent wreck Of the New York Central
% the banks Of the Hudson River the
sn.steel coaches stood the test consider
itle setter than those made entirely OF
yood.
Present Condition OF Sharon.
According TO advices from Sharon. Penn,
he contract for the erection OF the new
rlant Of the Apollo Steel Company. Apollo,
Penn. has been let II will take about
three months for the entire completion Of
the works, which is estimated TO cost $3.50
ee and when erected will give employ
m.nt 70 about FIVE hundred men.
The latter part OF the week will witness
TIE distribution Of the largest pay in tho
history Of Sharon b. tho plants Of the
United States Steel Corporation. Close
upon $4,000 will be expended on the EN-.
tloyes for two weeks services.
: Il is expected that the Pittsburgh Sheet
and Tin Plate Company will soon begin
Separations on their new plant at Morgan
town. V. Va. a littla more than $4,000
viii cover the cost Of building. apd the
plant Till give nino hvpdred mon employ
nspl
Reduced Cotton Acreage.
z J, Watson. Commissioner of AgricUlt-
us Of South Carolina. says that as
result Of the Rock Hill Plan" OF cotton
Ieduction, which pledged curtsilment OF
. per cent OF acreage. and which was
made operative in Mecklenburg County
along with somewhat similar proposition
y encourage the planting OF one acre Of
sfec9 crops 20 every acre Of cotton, IT is
ntured that total reduction Of e,0Co0w
acres In round numbers has been effected.
The Rock Hill Plan" widely advertised
m the eleven principal cotton-growing
Aatss. was originated BY J. c. Anderson.
Rock Hill who has since bcen active
N seeing that the scheme WAS properly
Worked out Tho plan proposed for
faight reduction ia cotton acreage OF
per cent Of that planted in 1911.