New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-11-05
BRIEF NOTES OF FINANCE
Paragraphs of Current Interest
for the Investor.


One element of speculation will be re-
ored from Wall Street by the time the
%sn, York Stock Exchange opens Wednes-
90 morning for business-the election
III, he over, the returns in and the name
:, the President OF the United States
sor the coming four years will be known
The Trouble with the Market.
AZ expressed by a. A. Hauseman & Co.
a. letter sent out:
.At the beginning OF the European
,,udation Wall Street counted on having
- take 100000 or s15,OOO,0Oo OF securi-
.i.s It is impossible to tell how much
has had TO take, but its first expec-
Zion has certainly been exceeded at
s.s, fvefold. Experienced hands have
;xnsn surprised TO see returned from
r,rope high class shares dated from
sour 10 FIVE years ago, showing that the
sonidation came not only from specula-
..ors hut from investors who were turn
40 their boxes over. And the necessity
.,ddenly to digest such a mass OF nm
enacted stuff put stop at once 10
srther speculation for the rise. That is
Al that is the matter with the market"
- The National Coal Trade.
In us review OF conditions and the
outlook for the coal trade The Black
tplamond" refers 10 the present coal short
are in part as follows;
This situation is growing more intense
,.o,n day 10 day as the cars become more
s.srce and more laborers 60 TO Europe
"a participate in the Balkan war. ,s
Va one can say positively what the
future will bring III Inc e. lake trade H TnIe er
snontb' will end on December l. This viii
tLrow 100000 tons Of coal ana 3VS,VW
;ons of railroad carrying capacity into the
aH-rail market rms WIZ slIlpLs. ~
soros little extent the situation west OF
pittsburgh
Report Of October Failures.
the report of October failures Brad
s.+re.s,s saws that current failure returns
..iiu fall 10 reflect the Improvement In
,,neral trade which has been a feature
n common report for some months past.
,Wb4n liabilities are considered, however,
tss TACT is brought out that the total
allure damage of the month is the small
=. with one exception. reported in any
Month this year. and is 10 per cent less
han IN October. 1911. This, Of course.
points anew 10 the fact that the failures
ar. those Of small traders who failed 10
vtthstand the long continued dulness in
trade which was q feature in the first
half Of 1912.
The Investors Opportunity.
Charles p Rond. of Turner, Tucker &
Co. is very sanguine about the future
investment market. He says:
-"Pr,ces Of high grade securities are very
low compared with previous years Of
GOOD business and prosperity. 1t is there
fore only natural TO assume that their
.ouotatlons should in the immediate future
ibsgn 10 discount the large profits to be
made by the railroad and industrial cor
porarions from the increased purchases
10 be made by farmers, who WILL II Is
estimated. receive about $500, 10000 more
for their products this year than year
ago, The demand has been greater for
inferred shares Of those industrial and
rlroad corporations that are well sea-
s5ned and have gone through times OF
,aHic without interrupting their eHviaoIe
dividend records. The desire Of the in
ysstor In general for a higher return on
his savings has naturally caused many
investors 20 enter the market for pre-
fsred stocks who have heretofore only
go9ght bonds. The returns on high grade
bonds range from ABOUT TX 10 per cent
but the Yield on high grade preferred
stocks runs ali the way from Oh to I per
cent. With the abundant harvests and
wonderful trade development Of the coua-
Try, now is the time to pick up Sood
values IN investments"
Keep Ono Eye on Europe.
That 4, IS important for US to consider
the European situation IS the belief OF
SPENCER Trask & Co., as evidenced IN the
following extract from their monthiy
letter:
while money is tight, it can be had
for legitimate purposes around per cent
which is not lettering rate, and oy the
middle or end Of this month some or the
money We have been shipping South ana
West should be finding its way back 70
New YORK, particularly If present rates
tor can and time money should hold ior
any length Of time. At best, however u
Is .uniertsuate that the Balkan troubles
Ehoud have broken out just at the time
4 when gold imports had started from
4 abroad. The amount actually shipped
4 was. aess than one-fourth Of what had
eeen expected, and the extra a5.0oOyo or
p '1Seaeo which had been counted upon
4 -Nean have proved very acceptable dur
n ing our crop moving period. While keep
Il ing one eye on our splendid prospects In
tais country, We should keep tho other
u1ed on foreign events and keenly alive
a % oeyelopments in that part OF Europe
Fhieh though furthest away geoSraphi-
s@lly. Is now closer 10 Us than any other
y the possibilities Of It's wide reaching
Effects"
II MONEY AND EXCHANGE.