New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-27
BRIEF NOTES OF FINANCE
paragraphs of Current Interest
for the Investor.

III.
"a business. even in Jersey. which is
p.rs,d By the desire OF the New Jersey
,'.Is,on Of the American Telephone and
',..,anb Company to issue 100000 in
70 for new financing, The Public Ser
commission has been asked to grant
.t,.,on for such an issue. and OF course
,.,.nhone company needs the money.
Our Growing Importance.
r,. financial Importance Of the United
e..,ss is rapidly providing a distinct posi-
~, for this country among the great
W.. Us 81 the world. Time was when our
.os,,ion was powerful owing to our wonder
~ agricultural resources and 10 the fact
80. American wheat was a chief factor in
,..d,,e the world. Now, however, the
,,.,,.d states is gaining an Importance in
y.r,,tv Of exports and In money, ami our
s.,sf financial institutions are reckoned
.Ionr with the powerful banking houses Of
rrope. And still We are growing,
German Business Activity.
Tho return Of the Reichsoank for April
fs..,layed a much greater pressure on the
t4ra,css than the corresponding period of
,ut This was particularly true as regards
,o,rs on collateral. where there was a large
Increase. The general business in Germany
I, active. which fact is registered b. an
ADVANCE Of about IS per cent in the April
clearing House returns
ltaly's Bad Conditions.
According 10 The London Economist" a
Great depression prevails in Italy and trade
I. starnant. The hourses are in q state Of
manic. and It is all due TO the terrible drain
- that courtry's cxchequer caused by the
Tripo war.
Silver Going Up.
The increasing price of silver may start
.on,e revival Of the buried cause Of BIZ
rpetallism or bring back to public observa-
ton Coin Harvey and the little schoolmas-
ter Stock certificates may be printed in
silver. instead OF gold. If the price keeps up.
Then and Now.
The present optimism of President Ripley
o. the Atchison is in strong comparison
with his pessimism when the question OF
railroad rates was being discussed pro and
con q few years ago. After all. this coun-
trv seems TO he large enough and TO have
growing power sufficient to overcome many
economic hlndrarces which in their initial
stages seem to be suicidal
High Cost Of Diamonds,
The news Of the advance in the price Of
diamonds is distressing to no one in par
tteular except persons who want 10 buy them
ard can't afford to do so II is hardly pos
s,hle that in the average table OF necessi-
ties showing the high cost Of living
diamonds will be included. on the other
hand the select few stockholders and the
syndicate which control the diamond out
put must BE fairly happy
Small China Stock.
r. is stated that the stock OF decorated
end plain china IN bond on April 80, 1912
vas the smallest during period Of twenty
hve wears.
Telephone Ospatchine.
Tn. development IT the telephone in con-
rectton with railroad service is one Of the
improvements which has done much 10 sur
round travelling by rail with safety. The
telephone has been tried by many Of the
railroad systems and its use has demon
strated that il is more efficient than the
older method OF train dispatchiBg by tele-
graphing According 10 the Interstate Com
ipsrco commission, practically 5000 miles
~ road will have been equipped for tele-
rhone service by the railroads by the end
~ 1912 The service secured through the
use Of the telephone by railroads is quick
er more satisfactory and far more extern
slve than the telegraph. Trains have been
and eventually all viii he equipped with
portable telephones. which can he brought
into use Al any time Of day or night, and
the saving Of time and reduction Of the ele-
ment Of risk IN travel is inestimable.