New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-09-20
A Fool or a Knave.

association which Includes farmers, truck
growers and others who plan TO grow
combined crop and pool their marketing.
A Fool or a Knave.
Anonymous attacks on any person or, as
in the present instance, on an investment
and speculative stock. are the work Of a
fool or a knave. Such communications
belong in the category Of Objectionable
mail matter. and It is unfortunate that
the authority for their circulation Is not
fixed. II any analytical deduction could
be made for showing that Canadian Pa
ciic. the subject of the present contin-
uous typewriter bear tips. is worth only
$50 a share the public would be glad to
know the facts, but the present methods
employed by the authors should be con-
demned and the so-called information ig-
nored.
Everything Is Not Higher.
In these days when the cost OF living
is increasing IL is interesting to note some
exceptions TO the rule OF increases. In
San Francisco the gas rate will be 10
cents a thousand hereafter. having been
gradually reduced from 81 20 in former
years In the city OF New York the rate
is 50 cents. but back In the 30s the New
York Gaslight Company charged $40 q
thousand feet After all, there Is some
hope that the supply will eventually re-
duce the cost OF many things. which to-
day are high owing to an excessive de-
mand. This world is not such an awful
place after all Is considered
How Rubber 10 Manufactured.
The rubber exposition which opens in
this city next Monday will be an educa-
ton for the public and should remove
some OF the mystery in the minds OF the
masses about the process OF extracting
the liquid and reducing II 20 It's various
manufactured forms. Rubber investments
and speculation have caused much inter
est 10 be centred In the manufactured
products IN Wall Street. and while tho
processes Of steel manufacture have be-
come fairly well known rubber has not
attained the same degree OF publicity.
Three million dollars. II Is estimated. will
be the value OF the crude rubber used IN
the exhibit.
The Change Of Year.
Changes In this country sometimes occur
quickly and reversed economic conditions
follow one another IN comparatively rapid
succession. IL Is scarcely year since
the average man who talks OF corpora
tons and stocks was questioning the
future OF the steel business In this coun
try. The Steel Corporation in the minds
OF many was OF the road to either bank
ruptcy or at least a reorganization. II
was pointed out that the dividend on
Steel common could not be maintained,
and numerous figure dabsters deduced
that IL was proDlematical whether the
preferred could continue 20 pay its divi-
dends Now the sentiment has changed.
No longer Is Il said that tho various steel
corporations are on the verge OF bank
ruptcy. and there "a not only no talk OF
inability TO pay dividends but the outlook
now r. for increased diyldends Prosper
fly has swept down on the steel business
10 tho point OF overwhelming the trust
and the Independents with orders far IN
excess OF their combined capacity. Prices
have been steadily going up. and at no
time in the past has there been In evil
dence more cheerful future than the
present period promises
Some Bull Statistics.
Three important factors selected from a
list compiled by brokerage concern are
sufficient 10 inspire confidence in the
eventual betterment OF the security mar
ket First. the largest aggregate OF crops
In the country's history. as estimated By
the Department OF Agriculture. being 300
per cent IN excess OF 1911. 81 per cent
greater than 1910. and l6.2 per cent more
than lco. The total money value OF this |
years crops will he around $3.50 o0. coo !
Second. hank clearings are from per cent
TO per cent greater than Mt this time I'm I
1911, and. third. railroad gross earnings on
all the systems show now I per cent
greater average than in the same period |
Of 1911.
Iron and Steel Industry.
Iron and steel interests continue 90 show /,
activity "The Iron Age" this week says
that railroads are being urged 10 be early |
with orders for open hearth rails for \
spring delivery. and already there are /
good bookings for winter rollings. The |
Baltimore g. Ohio and Pennsylvania or |
ders. which will be large. are likely TO nc |
closed within ten days. The Lackawanna /
Railroad IL reported 10 have placed 1900 |
tons. the greater part at Buffalo. The !
Hartman lines have bought 1900 tons |
more for this year at Chicago; the North |
ern Pacific has also taken a further lot, |
while the Great Northern is still negotiat- !
ing. The Southern Pacific has just added |
1900 tons to its 1912 orders.
Export business I'm all lines Is at full |
time. and for export rails higher prices |
are being secured than for home deliv- !
eries-the second period In the history of |
our steel exports In which this has been |
the case
Congestion of Central Western and Chi /
cago plate mills is still such az 10 allow
Eastern mills To- get a steady business
for early delivery at the highest prices In /
years.
The Iron Trade Review says that !
the outlook for continued record breaking |
business in iron and steel products for
the first half OF next year could hardly be
brighter. Manufacturers in very high |,
positions give assurance that there will /
be no runaway market. and that the pre-
vaillng policy will be one OF safeguarding |
and spreading out present prosperity.
PUBLIC UTILITY NOTES.