New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-09-24

a,,,q I'm the news Of the day of the
bo,d-ups in broad daylight in
oSiI -sod thoroughfares is discouraging
cIv"N .rv 10 make money in Wall Street
w. % have il taken away from you on
O, a~- way home? Honest brokers ana
,s,aers should be protected
Would Be Anomalous.
s,onld the strike in the Bingham camp
svrnuathetic extension 10 other
To-. ,s and become general in the copper
,'..r,cts such a curtailment of copper
Us" '..,n, would result that the price Of cop
metal would soar TO prices far higher
o. the present range, while copper
vi LIS would decline in prices.
Dates to Civil War Time.
~, - the Oldest and most important
:, American industrial companies is the
"..,hr,a Steel Company, which was doing
s''s,ress and one of the important organ
cations OF the period in the days OF the
c,.u. War. The names of Daniel j. Nor
~ Iohn Fritz and others were linked
,ronmasters in the Cos. The pres
-. corpany. however, is operated un-
a.. charter secured in 1901, and
s1.cssdsd the Cambria Iron Company,
rb,ch was the name of the original cor
"orot,on. The present plant, one OF the
ZOOS, in the country, has an annual
"onoc,,y exceeding 100000 tons of fin
,,hsd steel. The company has q DIVIDEND
record since 1901, having paid per cent TO
900 since then per cent. There is now
,alt off an increase 10 6 per cent. which
acme OF the stockholders believe is sWar-
rsnted
Bio Structural Steel Business
n ,s stated that the structural steel ca
rsc,,y OF the United States Steel Corpor-
alton has been sold for practically a year
ahead Considering this point and the
fart that the structural steel requirements
AZ the proposed New York elevated and
ANYWAY extensions will consume over 7o.-
an toms Of structural steel during the
coming three years, the outlook for ousi-
ness in steel manufacturing seems very
prosperous.
Car Shortage and Freight Rates.
In a review OF the statement published
showing that for the two weeks ended
ssntenber u a net surplus OF $40 cars
had changed to a deficit OF $50 cars the
Railway Business Association has issued
the following:
"The net car shortage Just announced,
coming as early as September Is cornpa-
table only with that Of September, 1884,
which went on increasing until 1t exceed
ed 10000 cars and was relieved by the
panic. Shippers are becoming Thoroughly
aware that insufficient railway earnings
are the underlying cause OF the present
shortage. The Railway Business Asso-
citation has received from several thou-
rand shippers and receivers of freight To-
Gated in nearly every state, and Is sull
receiving signatures TO a declaration
which makes II manifest that the Inter
state Commerce Commission may be as
sured of public support for a policy per-
hitting TO the railways earnings adequate
for the provision Of needed facilities.
Comment is made further touching the
necessity for a more liberal policy to be
followed by the Interstate Commerce
Commission toward the railroads Refer
ence is made to a list of shippers who
have declared in favor OF such policy,
the list to be published later
British Columbia Water Power.
The subject Of water power is popu-
bar one. which increases its popularity
with the growth Of municipalities and the
development Of manufacturing. British
Columbia has received much attention on
account Of it's various rivers with power
facilities. Commenting on their situation
there. Construction. OF Toronto, says
that the work OF investigating the
power possibilities Of the rivers OF British
Columbia. inaugurated last year, was re-
sumed q few weeks ago under the direc-
ton OF Arthur V White, OF the Canadian
Commission Of Conservation, who has
charge Of all work Of this nature in West
ern Canada Three engineering parties
are now engaged in examining the Fraser
River and tributaries between L-ytton and
Fort George. This embraces one OF the
largest drainage basins on the continent.
The water powers OF the Kootenay
River have already a profound economic
influence In the Kootenays and boundary
district Similarly the same is expected
10 be effected by the Adams River water
power throughout the Shuswap Lake dis
trict and South Thompson River country
where irrigation is being resorted 10.