New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-12-27
BRIEF NOTES OF FINANCE
Paragraphs of Current Interest
for the Investor.

al the rail mills Of the Carnegie steel
cor,papy. as well as the other mills are
s.oorted 10 be crowded with orders, ne
iF.i..tirg overtime work. This would
,,s,cote that the Ohio works Of the Car
~, steel Company In Youngstown VIII
80 tho manufacture Of steel rails
asrly in 1918 The Ohio works with It's
sa,,,nlete open hearth plan. is capable OF
.,,~ring out basic rails as cheaply as any
- the corporations plants.
Texas Companys Plans.
stockholders of the Boston Usage Oil
-c,o,nanv. il is said, have received an
80 rrorosal from the Texas Company
49, a. Mil further develop the formers
-.,r.rty I'm consideration of the surrender
:, ope-balf Of its stock TO the Texas
C.rnYary. The Usage company, which is
email producing company in Oklahoma.
.,,,s same property which has not been
,Iosnected. and which will require be-
,arssn $500 and $4,000 to be drilled Di-
roe,ors Of the Texas Company are expect
- % meet soon to take under advise
,t IN. purchase Of the Houston Oh
producers Company through an exchange
~ stocks and bonds of the latter for Ike
securities Of the Texas Company.
spee4ometer Corporation.
Tho stewart-Warner Speedometer Cor
,ro,,on. organized under the laws OF
Virginia II is reported, has acquired all
90 tbe speed indicator patents owned by
L Stewart. Of Chicago. and A. p. and
also acquired all Of the capital stock OF
the Stewart & Clark Manufacturing COM
many and the Warner Instrument COM
-, manufacturers Of speedometers.
Tbesa corporatiOns have branches ana
representatives in various cities OF the
,-1ited States and Europe. and the new
'rornoration owns many United States and
f,@eien patents covering speed indicators
ooerated on the magnetic principle. The
canital stock Of the Stewart-Warner
sneedometer Corporation is slo0OW
common and 100000 per cent cumu-
,ot,va rreferred stock. redeemaole at
$40: sinking fund. $4,000 per annum'
White. Weld & Co, bankers, OF Ne"
yor}, and Chicago. have financed the
nroposltion and will represent the ne"
ccrnoration I'm It's financial transactions
I K Stewart. president Of the Stewart d
clark Manufacturing Company. Will De
the president of the new corporation. ana
& b Smith will be its secretary ana
treasurer The organization and man
oremept Of each Of the plants Of the new
corporation. II is said. will remain as
heretofore. and the product OF each rae
tory will be handled separately.
GROWING Bermuda Business.
The consular reports show that the
United states ships more goods into ana
buys more from Bermuda than all other
countries combined. OF the total imports
for 1911. valued at &,654,GO gam OF
$500 over 1910, the United States FUR
uished merchandise valued at S,i4S'664 a
gain Of Atg40l over 1910. The imports
from the United Kingdom amounted 10
t74s 794. and from Canada SiC9,44, a de-
crease of S9OS72 and an increase OF S'4"
for the two countries. respectively COM
pared with 1910
British West Indian Trade
The island Of Barbados has not shown
am appreciable increase In population OF
Industries. but in 1911 its trade increase
was S-3.Is7 over 1910, the total being
81. 2Ss 1862. Imports increased, but exports
decreased. The purchases of electrical
machinery and sugar caused the gain IN
IMPORTS. All of the land suitable Tor
agriculture is under intense cultivation,
and while the introduction of improved
methods i'm the manufacture Of the princl-
pal crop. sugar may Increase the output
signify and by reducing expenses aod 10
The prosperity Of the estate owners there
Is al present no basis on which TO srouhu
an opinion that the purchasing power oi
the people will be greatly increased III
the future According to consular III
forma lion. the outlook for the sugar crop
10 Doe rcaped in 1919 is not good On aco
count Of extreme drouth throughout l'i-
not more than half the usual Yield Is