New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-04
New Financing Possible.

pcCll' H"N' '''' ''s'-
mn War street
New Financing Possible.
rro United Fruit Compauy's earnings
,r, said -to~be exceptionally good this sea-
~ and extensive property development
.,D additions are reported TO have been
,adc and. according TO current rumors,
ONE new financing by the company may
no expectad soon, which may carry rights
Tor stockholders.
Mining Labor Problems.
The july payroll Of the Anaconda Cop
nor Company is reported as around ST..
,s6odo The wage increases by the COM
oauy. IL IS said Will approximate S1,5OO,-
ioo annually. The TOTAL money benefit
T., all the miners OF the Butte camp is
,,,en Is about $9,25O,000. and still labor
,e1clency IS proving to be q serious ques-
jr;on Western mining camp wages are
aigh compared with those Of %he lake
companies. The latter have increased
wages. among the Leading mines 3 and
80 rcr cent. but the labor situation is
rot improving much in the camp.
Fiscal Year Date Changed.
The American Linseed Company has
changed the period of It's fiscal year from
Ju;v 81 TO September so, and the annual
,neeting viii from now on BE- held on tho
second Tuesday of November Referring
10 The changed fiscal year date. the presi-
dent Of the company, A. II. Adams. is
quoted
The board Of directors has been forced
10 taking this action by the fact that the
A.r crop has moved further north and
nest. and In consequence delayed the ma
s,frity Of the seed.
a. ~Tba FIRST receipts OF faxseed from the
nav crop come on or about this date
hn6 continue during the year. the largest
.us,tities being received between Octo-
bsr I and March /, this being the time
S,f harvest and shipment During these
4Do,tns the fax Is crushed and oil &C.
oumulated. so that from October / to
March 1 Be are acquiring and manufact-
,,y1nr the raw material and from March
N October marketing our excess Of oil
and oil cake, going into the new crop
year with the least amount Of raw and
manufacturing materials consistent with
conditlors az that time and the largest
amount Of cash"
some bi9 FFicc SSlHSt
SEARS oebuck has had remarkable
increase in the selling price Of its COM
ypon stock during the year 1879 Up to the
present time. On January Is the price
auofed was l40. yesterday Il sold at 1879,
gain Of 20 points since the January low
noin. By comparison with American
light and Traction on the curb, however,
,bis seems. small In January the later
vas quoted around 2ee. Yesterday II
sbid. AT 400. g. gain Of 1o7 points during
1A12
Record Railroad Prices.
In their weekly letter Wagner. Dicldn-
Son & CO. Bayi
g., @Hhile transactions IN ustea STOCKS our
AZ tbs month Of March. April and May
sysraged In excess OF 100000 shares
aud June and July business dwindled TO
.re-ba1f ttis volume, the character Of the
,srsdt.z in the two months last named
IA .s,icn as to Indicate temporary
CESSATION Of bulIieh eDdeavoT Ia speciflc
directions rather than 20 suggest actual
elimination Of the general advancing
tendency witnessed during the spring. IL
e 4 fact moreover that in June and July
A., considerable number Of prominent in
d1,trial stocks advanced TO the best fig
ures for 1912, and August Is opening
with record prices for railroad stocks for
this year--in some instances for ell time
IN history OF the corporations.
-. California OIL Output.
According. TO the estimated figures pup
-ilsAed er The California Oil World" OF
bakersfield, the total output Of petroleum
IN. California will reach between 100000
and po0o005 barrels, based upon The
total Tor the FIRST six months Of 1872 This
Gross total for the six months Is @,D6'-
702 barrels, and II the ratio continues the
same during the last SIX months the total
for the year will be q, 4&3, 4oi barrels. II
sspsral big gushers should come in this
total will be slightly increased TO "The
fnofld's' figures.
- Canadian Bank Gains.
Canadian banks for July made remark
sbis gains, The clearings Of the Toronto
tsnKe show an Increase OF s4400,0o0 ahead
II July, fell. and the Montreal banks made
, gain Of s6S.G1Ssl9 IN July over the same
;eriod Of 1911
Home from Abroad.
- Tkssf return OF frank a NdHNFl4'P' P4''7
,stent OF the National City Bank, yester-
asy was naturally Of interest TO those
'sntsretted IN markets and finance After
speaking Of increasing business in the
British Isles, the high water mark or
shipbuilding, the lessening Of radicalism
IA French politics and the growing pros
,Derity OF Germany, Mr.. Nanderlip said
no aid not look for any great market for
AMERICAN securities IN the near future.
He thinks that other employment for
money win be found in inanufacturins'
commercial and other channels. On the
Subject Of politics Mr.. vanderlip refrained
IRON expressing any opinion.
Western Drysoods.
Marshall Field & Co.'S weekly letter on
lie drygoods trade says: staple prints
were advanced one quarter Of cent
Yard on August I. with the advancinE
ariccs OF raw cotton and woods. manu-