New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-06-20

taItipg: that combination can't be beat
what II he should enter Wall Street?
,rordsr II ever he has?
Money Making Logic.
me Beef Trust problem which the gov
-,snt Will attempt to solve by dissolu-
,s not merely meat but hides. and af-
-. not only what We eat, but what we
- From the hides come our shoes.
a,be beef trust. il Is said. tans hides
- thew are low and sells them when they
-, high. II is not strange that such i
.,ocsss OF business sagacity should be in
.as,cn Probably shoe manufacturers
,.-.ctise the same methods OF buying cheap
ana selling at high prices.
~ Wall Street that theory is we'll estab-
usbsd Buying stocks when they are cheap
and selling them when they are high is
oa,5cA which every successful operator
sdopts. II one doesn't DO so. probably he
800 money; so, why IS not the rule q feir
On. IN commercial affairs?
Canadian Extensions.
rhe Canadian governments are making
sxtsnsion plans which may change the
geographical appearance Of the Dominion
IAN ontario and Quebec. according to
"TbA Toronto Globe" have plans for pro-
,5nc,al development. and extensions into
che far north OF Canada are being planned
and considered, and railways into present
Utmost impossible parts of rich but unde-
,s,oned country will soon be a matter of
actual construction. TO the north Canada
has before her what the West offered TO
The United States in the early history OF
,his country and the cry to-day in Canada
is 'SNorthward.'
Tho South Developing.
President Finley Of the Southern Rail
vsy Company, at the recent dinner OF the
conpanv's representatives OF the passenger
apartment, said among other things:
we are passing through a period Of gem
ersI reimbursement OF the relations OF gov
.rnnent to the business activities Of the
citizen. II Is important that there should
he general understanding OF the public
interest in legislative railway regulation
because Of the Importance of the American
railway system TO the social and CONNER
cial life Of the entire body polite. For cX-
antle. there is no region in the United
states In which the prospects for develop
nent in the immediate future are better
than IN that traversed by the lines Of the
southern Railway system. But no one thing
,s more essential 20 this development than
adequate highways for travel and for the
shipment of a constantly increasing volume
Of AGRICULTURAL and industrial products to
market. ANY public policy that would Grip
pls the railways of the Southeastern States
would be destructive of opportunity
throughout the entire section
~ cfnW ~
true along the Southern Railway but 1t Is
largely true all over the South, and oppor-
,tunities for the future are numerous.
.ss= Increase in Earnings.
Tn. Nav earnings Of the Chicago Great
Western have increased between $4,000 and
s0ooO; IL Is said June earnings thus far are
considerably better. Earnings for the first
-v.ek Of this month increased $1,000 Owing
10 the high proportion Of transportation OF
low grade freight, loading increases are
larger than earnings increases.
Homo Office for Canadian Northern
From Montreal comes the Information
that the Canadian Northern will erect
new headquarters Of twelve stories IN the
vicinity Of Toronto. The building upon its
oonnlAtion will cost several millions. Pres
jdent Mackenzie says the Canadian West
&. incoming: the country never looked
IN better condition than at present He be-
HAYES crops will be fully UP TO those Of last
year.
Indicate Good Returns,
Indications Of the May receipts Of the
Western Electric Company show that the
company is running about even with last
year with the exception that there is
slight improvements so far this year. II
the twelve months OF the present year
show a total equally as good or better than
that OF the 1911 total Of S66,OOoOco gross IN
business the management OF the company
{, is stated, will be satisfied
Cane Crop Prospects.
Cane fields throughout Louisiana have
0ttress.d unusually fine weather so far
this month. owing TO the heavy work on
thA Ievees a great many fields have not
tsc4ived much cultivation. The cane crop
"a IN good condition 10 be benefited by the
right sort Of weather.
To Sell Stock.
The managing interests of the Goodyear
Tire and Rubber Company have MADE ar
erauaenents TO sell large quantity OF the
new issue Of $4,000 7 per cent preferred
stock. recently offered to the stockholders
10 two eminent banking concerns IN TINS
city
Benefits the c. g. o.
The Hooking Valley increased dividend
disbursement emphasizes the Investment
position Of Chesapeake & Ohio. Hooking
Valley has ST 10000 outstanding STOCK OF
which U.sz5.0Oo IS owned by the Chesapeake
Ohio. and the income of the latter conse-
oaently Is materially increased by the IN
crease In the Hooking dividend
Car Material Ordered.
ITS rumored that the American Car and
Foundry has placed orders for 600 tons OF
shapes and plates for car construction pur-
poses These are for their Pittsburgh mills
Probable Raise in Price
An advance Of 81 q ton in the price OF
steel bars. plates and structurals Is said 10
be contemplated. to take effect by July
or possibly before This expected Increase
fit should prevail. win place steel bars ON
the basis OF 81 20 100 pounds. and plates
en1 shapes 81 20.
A Wonderful shrinkaee'
An echo Of the Rice scheftels combination
In the palmy days of their fiotations was
heard Yesterday when the auctioneer at the
exchange salesroom offered 400 shares Oh
Rawhide Coalition Mines Company for SAFE.
IN the days when Nat Goodwin was USED
BY this crowd Of promoters 70 sell the Wiz
OWe and ovpbaps this stock as an invest